Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/296813 
Erscheinungsjahr: 
2023
Schriftenreihe/Nr.: 
ADBI Working Paper No. 1421
Verlag: 
Asian Development Bank Institute (ADBI), Tokyo
Zusammenfassung: 
This study investigates the impact of firms' emissions on their investments in renewable energy. Stricter environmental regulations are aimed at incentivizing firms to invest in low-emission/pollution technologies such as renewable energy. Recently, the People's Republic of China (PRC) announced a large number of environmental regulations in order to address emission and air pollution issues. Using the unique data set of annual firm-level data of 147 firms from the PRC that invested in renewable energy projects domestically during the period 2015-2020, our results demonstrate that firms with greater air pollution or greenhouse gas emissions (measured as a share of revenue) invest more in renewable energy (measured as a share of equity). The results have survived several robustness checks.
Schlagwörter: 
renewable energy
air pollution
People's Republic of China
GHG emissions
green investment
COVID-19
JEL: 
Q53
Q58
Q42
G32
G38
Persistent Identifier der Erstveröffentlichung: 
Creative-Commons-Lizenz: 
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Dokumentart: 
Working Paper

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