Carbon Credits : A Salient Role in Environmental Capitalism
The objective of this paper is to determine the effectiveness of carbon credits in capital markets in reducing carbon emissions and overall emission behavior on the part of corporations. Through the 1997 UN Kyoto Protocol, the first carbon credit, a tradable right to emit one ton of carbon dioxide or an equivalent of another greenhouse gas in the atmosphere, started to be bought and sold. The purpose was to perpetuate a new era of environmental capitalism. If shown to be ineffective, the foundation in which environmental capitalism was built is fundamentally corrupt and will be long-term harmful to Earth. Twelve Fortune-500 companies in varying industries that use carbon credits, such as consumer goods, industrial, entertainment, technology firms, and airlines, were analyzed through Environmental, Social, and Governance (ESG) filings and congruent financial filings to deem the effectiveness and future success with respect to lowering emissions of carbon credits. Further regression models are used with growth assumptions based on catalytic events within the next five years to determine the growth rate of the voluntary and compliance carbon credit markets – in doing so, a more accurate view can be painted of the impacts carbon credits has on the environment. We find that two-thirds of the companies analyzed changed internal climate change policy based on using carbon credits. Evidently, there is a direct correlation between positive climate impacts and the use of carbon credits
Year of publication: |
[2023]
|
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Authors: | Taguchi, Sahm |
Publisher: |
[S.l.] : SSRN |
Subject: | Treibhausgas-Emissionen | Greenhouse gas emissions | Umweltbelastung | Pollution | Emissionshandel | Emissions trading |
Saved in:
freely available
Extent: | 1 Online-Ressource (37 p) |
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Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments August 1, 2022 erstellt |
Other identifiers: | 10.2139/ssrn.4528694 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10014345513
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