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Spatial variability and temporal patterns of internal price of carbon: a transitional management perspective

Spatial variability and temporal patterns of internal price of carbon: a transitional management... This study aims to investigate why companies use the internal price of carbon (IPC) for carbon management.Design/methodology/approachThe authors adopt sustainable transition management theory to design the research and explain the findings of empirical models. The sample includes companies that participated in the Carbon Disclosure Project (CDP) questionnaire survey, derived from 37 countries and regions for the period 2015–2018.FindingsThe results first reveal that transition management facilitates an upward adoption trend annually during the study period. Second, the authors find that the proxies for transition management are all correlated with the adoption of the IPC in the predicted direction. Third, the authors identify spatial patterns and driving factors for adoption of the IPC.Originality/valueThis study provides additional insight beyond the limited prior literature in this area. In particular, the findings regarding the influence of physical environment on climate-related decisions have not been documented in extant literature. IPC is expected to interact with and complement external price of carbon for climate change governance. Thus, the exploring results of the paper fill an important gap and pave the way for future study to examine emerging issues in the burgeoning field of carbon accounting for climate change. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Meditari Accountancy Research Emerald Publishing

Spatial variability and temporal patterns of internal price of carbon: a transitional management perspective

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References (74)

Publisher
Emerald Publishing
Copyright
© Emerald Publishing Limited
ISSN
2049-372X
eISSN
2049-372X
DOI
10.1108/medar-06-2021-1357
Publisher site
See Article on Publisher Site

Abstract

This study aims to investigate why companies use the internal price of carbon (IPC) for carbon management.Design/methodology/approachThe authors adopt sustainable transition management theory to design the research and explain the findings of empirical models. The sample includes companies that participated in the Carbon Disclosure Project (CDP) questionnaire survey, derived from 37 countries and regions for the period 2015–2018.FindingsThe results first reveal that transition management facilitates an upward adoption trend annually during the study period. Second, the authors find that the proxies for transition management are all correlated with the adoption of the IPC in the predicted direction. Third, the authors identify spatial patterns and driving factors for adoption of the IPC.Originality/valueThis study provides additional insight beyond the limited prior literature in this area. In particular, the findings regarding the influence of physical environment on climate-related decisions have not been documented in extant literature. IPC is expected to interact with and complement external price of carbon for climate change governance. Thus, the exploring results of the paper fill an important gap and pave the way for future study to examine emerging issues in the burgeoning field of carbon accounting for climate change.

Journal

Meditari Accountancy Research – Emerald Publishing

Published: May 8, 2023

Keywords: Internal price of carbon; Transition management theory; Carbon accounting; Physical environment; Accounting theory; Corporate social responsibility; classification M14; M41

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