Review of Corporate Carbon Risk and Its Management under the "Dual Carbon" Goal

DOI: https://doi.org/10.62517/jmsd.202612106

Author(s)

Liyu Hou*

Affiliation(s)

School of Economics and Management, Tongji University, Shanghai, China *Corresponding Author

Abstract

2026 marks the 10th anniversary of the Paris Agreement, during which the global carbon neutrality transition has achieved remarkable structural progress. As a responsible major country, China has elevated the "Dual Carbon" goals to a national strategic height and repeatedly clarified them in key government documents. Against this backdrop, China's Dual Carbon regulation has become increasingly stringent, exposing enterprises to multi-dimensional uncertainties from policies, technologies, and markets—academically defined as "carbon risk". In this case, clarifying the specific impacts and inherent logic of carbon risk on enterprises is crucial for providing practical and actionable insights for corporate risk management. This paper systematically reviews existing literature. It summarizes carbon risk's connotation and mainstream measurement methods, analyzes its heterogeneous impacts on enterprises' core activities of financing, operation, and investment, discusses feasible paths for carbon risk management optimization, and finally summarizes relevant research findings and offers prospects for future studies.

Keywords

Carbon Risk; Carbon Risk Management; Porter Hypothesis; Literature Review

References

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