Shareholder value effects of corporate carbon trading: Empirical evidence from market reaction towards Clean Development Mechanism in China

Energy Policy ◽  
2017 ◽  
Vol 110 ◽  
pp. 410-421 ◽  
Author(s):  
Bin Zhang ◽  
Kee-hung Lai ◽  
Bo Wang ◽  
Zhaohua Wang
Keyword(s):  
Empirical Evidence ◽  
Clean Development Mechanism ◽  
Market Reaction ◽  
Shareholder Value ◽  
Carbon Trading ◽  
Development Mechanism

Clean Development Mechanism and Carbon Trading Market Construction in China

2012 ◽  
Vol 616-618 ◽  
pp. 1500-1504 ◽  
Author(s):  
Zhi Hong Yang ◽  
Shuang Jian Li ◽  
Yi Pu Zhou ◽  
Qi Wang ◽  
Qin Zhe Liu
Keyword(s):  
Legal System ◽  
Clean Development Mechanism ◽  
Policy Support ◽  
Chinese Government ◽  
Carbon Trading ◽  
Trading Market ◽  
Transfer Of Technology ◽  
Ghg Reduction ◽  
Market Management ◽  
Development Mechanism

The Clean Development Mechanism (CDM) is one of the three “flexibility” mechanisms defined in the Kyoto Protocol. Chinese government implements the CDM projects as the only way and most important means to participate in the global carbon trading market, and provides a lot of policy support; however, there are still many problems and risks during the operation of CDM projects in China: the lack of legal system, Carbon leakage, the insufficient transfer of technology and the passive market position of Chinese enterprises. Starting from the strict GHG reduction target and pilot projects of carbon trading in China, this paper constructs domestic carbon trading market on the basis of experiences and lessons of CDM projects in China; then it puts forward the basic thinking of legal system, market management and supervision system in the process of China’s carbon trading market establishment.

Institutionalisation of weak conceptions of sustainability in the United Nations Clean Development Mechanism: empirical evidence from Malaysian organisations

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ann Marie Sidhu ◽  
Jane Gibbon
Keyword(s):  
United Nations ◽  
Empirical Evidence ◽  
Financial Reporting ◽  
Clean Development Mechanism ◽  
Content Type ◽  
Mediating Role ◽  
The United Nations ◽  
Design Documents ◽  
Business As Usual ◽  
Development Mechanism

PurposeThe purpose of this study is to examine how accounting for sustainable development (SD) in Malaysian organisations decouples economic growth from ecological consequences. The research analyses the empirical evidence of organisational responses and actions that purport to support SD in a developing country.Design/methodology/approachThis study uses a discursive model of institutional theory to examine the relationship between texts, discourse and action within Clean Development Mechanism (CDM) organisations. This study uses both qualitative content and interpretive textual analysis of Malaysian organisations project design documents (PDDs) and interview transcripts to interpret and determine the “conceptions” of SD.FindingsDocumentation and interviews with Malaysian CDM organisations show that SD conceptions range from “business as usual” to weak ecological modernisation. The key narratives are both economic and technocratic but have little to do with SD concerns about ecological limitations and social equity.Originality/valueThe empirical evidence provides insights into the motivations and challenges of a developing country's commitment to SD. We perform the study in an accountability space other than corporate financial reporting. Unlike external corporate reports, PDDs are closer to the underlying organisational reality as they are internal project documents made publicly accessible through the United Nations Framework Convention on Climate Change, allowing for a more transparent evaluation. The evidence shows how the organisational approach to SD is institutionalised through the mediating role of discourse and texts used by the actors within the CDM.

scholarly journals Environmental Protection: Issues and Policy Perspective on the Green Investment Scheme under Kyoto Protocol Regulations in Romania

1970 ◽  
Vol 66 (2) ◽  
Author(s):  
Gabriela POPOVICIU
Keyword(s):  
Kyoto Protocol ◽  
Clean Development Mechanism ◽  
Carbon Trading ◽  
International Environmental Agreement ◽  
Trading Market ◽  
Green Investment ◽  
Environmental Agreement ◽  
National Framework ◽  
Global Carbon ◽  
Development Mechanism

The Kyoto Protocol is the first international environmental agreement that sets legally binding greenhouse gas emissions (GHG) targets and timetables for Annex I countries. It incorporates emissions trading (ET), joint implementation (JI) and the clean development mechanism (CDM). From this perspective, this paper follows three aspects: (1) the global carbon trading market based on the principles of the Clean Development Mechanism (CDM) and the Kyoto Protocol, with special reference to Romania; (2) in the same time, the paper estimates the potential for Romania of the green investment scheme (GIS) under this Protocol. (3) Finally, the paper presents the National Framework Policy on CDM and GIS in Romania.

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