Navigating the Effect of Environmental Uncertainty on Carbon Emission: Evidence from Chinese Non-Financial Enterprises
環境不確実性が炭素排出に与える影響の解明：中国非金融企業の証拠 (AI 翻訳)
Kemei Yu, Xiandong Yang, Bo Song
🤖 gxceed AI 要約
日本語
2010年から2023年の中国非金融上場企業のデータを用いて、環境不確実性（EU）が炭素排出に与える影響を分析。EUの1単位増加が約9.13%の排出削減をもたらすことを発見。メカニズムとして、EUが資金調達制約を強め設備稼働率を低下させる一方、イノベーションを促進して脱炭素化を促進する。非国有企業で効果が顕著。
English
Using data from Chinese non-financial listed firms from 2010 to 2023, this study finds that environmental uncertainty (EU) significantly reduces corporate carbon emissions—a one-unit increase in EU leads to about a 9.13% decline. EU tightens financing constraints, lowering capacity utilization, but also spurs innovation, driving decarbonization. Effects are stronger in non-state-owned enterprises.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
中国企業の環境不確実性と排出の関係を示す実証結果は、日本企業が中国サプライチェーンを有する場合のリスク管理や、SSBJ開示における不確実性要因の考慮に示唆を与える。
In the global GX context
This empirical evidence from China, the world's largest emitter, highlights how regulatory and market uncertainty can drive carbon reductions—relevant for global firms managing supply chain emissions and for ISSB/TNFD scenario analysis.
👥 読者別の含意
🔬研究者:Provides empirical evidence on how environmental uncertainty affects corporate carbon emissions through financing constraints and innovation.
🏢実務担当者:Corporate sustainability teams can use findings to anticipate emission impacts under regulatory or market uncertainty.
🏛政策担当者:Offers insights on how uncertainty shapes firm-level decarbonization, valuable for designing stable climate policies.
📄 Abstract（原文）
Environmental uncertainty (EU) has become one of the key determinants influencing corporate decision-making, yet the existing literature has not sufficiently explored its effects. Based on the data from Chinese non-financial public companies during the period from 2010 to 2023, we examine the impact of EU on carbon emission. The empirical results show that EU has a significant negative impact on corporate carbon emission. Specifically, a one-unit increase in EU leads to approximately a 9.13 percent decline in carbon emission. Furthermore, we find that EU increases firms’ financing constraints, thereby reducing capacity-utilization and carbon emission. Meanwhile, EU can spur innovation, resulting in active decarbonization. Finally, the finding is more pronounced in non-state-owned enterprises (N-SOEs). The above findings shed light on promoting carbon reduction for policymakers and corporate operators.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.3390/su18147066first seen 2026-07-14 04:47:08
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