How Does the Realization Path of “Dual Carbon” Affect the Performance of New Energy Enterprises: Mechanism and Empirical Test

Xuedan Zhan, Feng Bao, Jing Zhang (), Wen Xiang and Liu Yang
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Xuedan Zhan: State Grid Heilongjiang Electric Power Co., Ltd.
Feng Bao: State Grid Heilongjiang Electric Power Co., Ltd.
Jing Zhang: Harbin Institute of Technology
Wen Xiang: State Grid Heilongjiang Electric Power Co., Ltd.
Liu Yang: State Grid Heilongjiang Electric Power Co., Ltd.

A chapter in Proceedings of the SSEME Workshop on Economics and Management (SSEME-EM 2024), 2024, pp 40-48 from Springer

Abstract: Abstract As the key path to the “double carbon” goal, carbon emissions and carbon emission reductions bring opportunities and challenges to new energy companies. In order to provide scientific guidance for new energy companies to make decisions on carbon emissions and carbon reduction, the data of listed new energy companies from 2014 to 2020 was used to examine the impact and mechanism of carbon emissions and carbon reduction on their performance. The results show that reducing carbon emissions will reduce short-term performance of new energy companies and improve long-term performance. Improving carbon emission reductions can improve the short- and long-term performance of new energy companies. Mechanism analysis shows that government subsidies have an inhibitory effect on the relationship between carbon emission reduction and the short-term performance of new energy enterprises due to corporate rent-seeking activities. The research conclusions provide important inspiration for new energy companies to achieve a “win-win” economy and environment.

Keywords: New Energy Enterprise Performance; Carbon Emissions; Carbon Emission Reductions; Government Subsidies (search for similar items in EconPapers)
Date: 2024
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DOI: 10.2991/978-94-6463-527-0_5

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