HYPOTHESIS AND THEORY article
Front. Environ. Sci.
Sec. Environmental Economics and Management
Volume 13 - 2025 | doi: 10.3389/fenvs.2025.1571444
This article is part of the Research TopicAdvancing Carbon Reduction and Pollution Control Policies Management: Theoretical, Application, and Future ImpactsView all 43 articles
Carbon Capture, Utilization, and Storage Enhances Corporate Total Factor Productivity
Provisionally accepted
Xiaoqi WU1
Jianfei Yang2*- 1School of Economics and Management, Northwest University, Northwest University, Xi'an, China
- 2School of Economics and Management, Northwest University, Xi'an, China
Select one of your emails
You have multiple emails registered with Frontiers:
Notify me on publication
Please enter your email address:
If you already have an account, please login
You don't have a Frontiers account ? You can register here
Carbon Capture Utilization and Storage (CCUS) is essential for achieving sustainable development and a strong driving force for improving enterprise total factor productivity (TFP). This paper empirically examines the relationship between CCUS and TFP of enterprises based on the collection and organization of CCUS texts in the annual reports of Chinese listed companies from 2002 to 2022. It is found that CCUS has a significant positive impact on corporate TFP. The conclusion still holds after considering issues such as endogenous problems. Mechanism analysis finds that CCUS improves the external environment of enterprises and enhances the ability to obtain bank loans while at the same time improving enterprises' innovation ability, which in turn helps promote the TFP of enterprises. Heterogeneity analysis finds that the positive impact of CCUS on enterprise TFP is more prominent in large-scale enterprises, state-owned enterprises, and the eight key emitting industries than in small-scale enterprises, non-state-owned enterprises, and other industries. This investigation innovatively employs a text analysis methodology to measure CCUS, reveals the potential determinants influencing CCUS technology on the TFP, and furnishes a scientific foundation for policy refinement.
Keywords: CCUS, TFP, Corporate innovation, text analysis, Bank loans, Innovation ability
Received: 05 Feb 2025; Accepted: 27 May 2025.
Copyright: © 2025 WU and Yang. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
* Correspondence: Jianfei Yang, School of Economics and Management, Northwest University, Xi'an, 710127, China
Disclaimer: All claims expressed in this article are solely those of the authors and do not necessarily represent those of their affiliated organizations, or those of the publisher, the editors and the reviewers. Any product that may be evaluated in this article or claim that may be made by its manufacturer is not guaranteed or endorsed by the publisher.