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Business environmental innovation and CO2 emissions: The moderating role of environmental governance.
- Source :
- Business Strategy & the Environment (John Wiley & Sons, Inc); May2023, Vol. 32 Issue 4, p1996-2007, 12p, 7 Charts
- Publication Year :
- 2023
-
Abstract
- This paper examines the effects of environmental innovation on CO2 emissions as well as the moderating role of environmental governance in this relationship. Based on a sample of companies listed on the London Stock Exchange for the period from 2016 to 2020, the findings show that environmental innovation reduces CO2 emissions including Scope 1 and Scope 2 CO2 emissions. Likewise, our findings are associative of a moderating effect of environmental governance on the environmental innovationāCO2 emissions nexus. We argue that environmental innovation along with better environmental governance leads to a reduction in CO2 emissions. Our results hold for subsamples of firms with a strong/low environmental governance and ESG performance. Our findings offer important implications for companies and policymakers towards adopting more environmental technologies along with enhancing environmental governance to reduce CO2 emissions. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 09644733
- Volume :
- 32
- Issue :
- 4
- Database :
- Complementary Index
- Journal :
- Business Strategy & the Environment (John Wiley & Sons, Inc)
- Publication Type :
- Academic Journal
- Accession number :
- 163813142
- Full Text :
- https://doi.org/10.1002/bse.3232