Carbon Pledge Policy and Financing Constraints for Enterprises in the Electric Power Industry

DOI

10.2991/978-94-6463-744-1_10How to use a DOI?

Keywords

carbon pledge; financing constraints; environmental information disclosure

Abstract

China has proposed dual carbon targets to promote green transformation. This article uses a difference in differences (DID) model to evaluate the impact of carbon emission pledge loan policies on financing constraints in the power industry. Research has found that this policy significantly reduces the financing constraints of pilot enterprises. Further mechanism analysis indicates that policies can play a role by improving the quality of corporate environmental information disclosure. This conclusion not only provides an empirical basis for improving the carbon finance policy system, but also provides theoretical support for promoting the design of the “the Belt and Road” cooperation mechanism, and provides a reference for financing difficulties in low-carbon transformation of high carbon industries.

Copyright

© 2025 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Jiayi Yang
PY  - 2025
DA  - 2025/05/28
TI  - Carbon Pledge Policy and Financing Constraints for Enterprises in the Electric Power Industry
BT  - Proceedings of the 2025 5th International Conference on Public Management and Intelligent Society (PMIS 2025)
PB  - Atlantis Press
SP  - 81
EP  - 88
SN  - 2589-4919
UR  - https://doi.org/10.2991/978-94-6463-744-1_10
DO  - 10.2991/978-94-6463-744-1_10
ID  - Yang2025
ER  -