Topic:  

Responding to China’s Dual Carbon Policy and Firm Transformation Towards Green Energy

Guest: Dr. Alex Ng

           Professor in Finance, Thompson Rivers University

           Adjunct Professor，BNBU

Date: April 23^rd, 2025 (Wednesday)

Time:  15:45 – 17:00

Venue: T1-302-R1

Language: English

Lecture mode: On-site participation

Abstract

President Xi Jinping pledged to the world the dual carbon policy for China in 2020. This policy pledges that China will achieve peak carbon in 2030, and carbon neutrality in 2060 which is ground breaking and noteworthy for the world. Consequently, the energy industry has begun to transform with firms making significant actions to dual carbon policy. We explore the initial transformation paths of energy companies and the regulation effects on green energy companies’ carbon emissions. The paper uses Paired T-test to indicate the actions that energy companies take for green transformation. Moreover, the paper conducts a Difference-in-Difference analysis to examine how the carbon emissions of non-green energy companies change toward the dual carbon declaration. The main results show that energy companies are significant in debt and equity financing, innovation, and equity investment. Regarding the policy effects on non-green energy companies, the result indicates that the dual carbon declaration significantly reduces the carbon emissions intensity of non-green energy companies.

About the Speaker

Dr. Alex Ng is an accomplished and passionate Professor in Finance.  As a foreign expert, he has research and teaching experience and accomplishments at BNBU, Zhuhai, China. In Canada, he teaches finance at Thompson Rivers University, BC and leadership to undergrad and graduate MBA students. He completed his Doctorate Business Administration at Nova Southeastern University, Florida.   Alex is an expert on international finance, corporate social responsibility, sustainability, and climate change.  His current research focuses on multidisciplinary finance topics on China, the Belt and Road Initiative and clean energy.  His research is published in Social Sciences and Humanities Communications (Nature), Springer Nature, Business and Economics, as well as in highly ranked journals like Energy Economics, Journal of Banking and Finance, and Journal of Business Ethics. He has won three national research grants in Canada.