Environmental Risk and Corporate Behaviour

Download or read book Environmental Risk and Corporate Behaviour written by Rui Xue and published by Frontiers Media SA. This book was released on 2024-09-19 with total page 446 pages. Available in PDF, EPUB and Kindle. Book excerpt: The accelerating global climate change risk highlights the importance of a quick transition towards a “cleaner” world. Although steady progress has already been made globally, substantial improvement cannot be achieved without sufficient financial support, especially during the post-COVID-19 recovery period, where countries worldwide have to prioritize the economic recovery which might limit the support for climate change mitigation and adaptation. Firms are the main greenhouse gas emitters and their contributions to the green transition thus are of vital importance to achieving a low-carbon transition. However, firms normally lack motivation to make green efforts, even worse, the business lockdowns and the supply chain disruptions during the pandemic have further weakened their already minimal commitment to mitigating climate change risks.