Zhang, Xiaoliang; Zheng, Xiaojia - In: Energy economics 131 (2024), pp. 1-18
The carbon emission trading scheme influences firms' operation costs, which may induce resource diversion to financial … investments. By using a sample of Chinese A-share non-financial listed firms that are subject to carbon emission trading pilot … programs in China, this paper employs a differences-in-differences analysis to test the impact of carbon emission trading on …