Research On Low-carbon Behavior And Its Effects In The Steel Industry Under The "dual Carbon" Goa

Low-carbon development is an important way for enterprises to cope with climate change and fulfill their social responsibilities.At the 75 th Session of the United Nations in September2020,Chinese President Xi Jinping proposed to "strive to peak carbon dioxide emissions by2030 and achieve carbon neutrality by 2060".The proposal of the dual carbon target strategy points out the direction for Chinese enterprises to practice low-carbon behavior and promote industrial transformation and upgrading.However,the promotion of green technology innovation and the development of green products will inevitably increase the production cost of enterprises,and enterprises often choose a balance between low-carbon development and cost control.As is known to all,the iron and steel industry is plagued by high energy consumption,high emissions and high pollution.Low carbon development of iron and steel enterprises has become a key link to achieve double carbon goals.Therefore,this paper chooses Baosteel,a typical representative of iron and steel enterprises,and mainly analyzes its low-carbon behavior and its impact effect.In the case study,this paper firstly elaborates baosteel’s low-carbon behavior over the years and summarizes its typical characteristics of low-carbon behavior.Secondly,the paper studies the effect of baosteel’s low-carbon behavior and summarizes its influencing mechanism.Then,this paper discusses the spillover effect of Baosteel’s low-carbon behavior,and finds that baosteel’s low-carbon behavior not only brings positive financial effect for itself,but also brings positive low-carbon effect for the industry.Combined with the case study,this paper puts forward some policy suggestions,such as rational allocation of enterprises’ low-carbon investment funds,implementation of strategic low-carbon behavior and incentive of enterprises’ low-carbon behavior.This study provides a practical sample and experience reference for other enterprises in low-carbon development,which is conducive to promoting other companies to actively take low-carbon actions,effectively fulfill their social responsibilities,and jointly achieve dual carbon goals.