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Title:	課徵碳費對於企業財務表現之影響-以台灣上市上櫃公司為例 THE IMPACT OF CARBON LEVY ON THE FINANCIAL PERFORMANCE OF ENTERPRISES - EVIDENCE FROM LISTED COMPANIES IN TWSE AND TPEX
Authors:	周帝維 Chou, Ti-Wei
Contributors:	郭維裕簡立忠周帝維 Chou, Ti-Wei
Keywords:	碳定價碳排放碳費企業財務績效 Carbon pricing Carbon emissions Carbon levy Corporate financial performance
Date:	2024
Issue Date:	2024-02-01 11:31:37 (UTC+8)
Abstract:	人類進入現代社會的過程中，持續燃燒化石燃料和砍伐森林，導致二氧化碳等溫室氣體濃度上升，引起全球暖化。為因應全球平均溫度持續上升的問題，學者提出將外部環境成本納入內部考量，並設置排放權限，因此國際間已開始推行碳定價（Carbon Pricing）的措施。我國已於2023年通過「氣候變遷因應法」並宣布將對企業課徵碳費。為瞭解此政策對企業財務表現造成的影響，本研究透過我國政府部門公布的溫室氣體排放數據掌握排放概況。此外，彙整公開資訊觀測站所揭露的企業ESG資訊，以三種情境模擬試算課徵碳費可能產生的環境成本，並觀察對產業及企業的衝擊。研究發現我國碳排放情形高度集中於上市公司，其中「航運業、油氣燃電業、半導體業、鋼鐵工業及塑膠工業」為高碳排放產業。在實施課徵碳費政策下，即使在最保守的情境，油氣燃電業可能出現轉為虧損的情形。若為達到全球淨零排放的長期目標，高碳排放產業幾乎無法負荷環境成本，課徵碳費對企業營運已造成壓力。 In the process of entering modern society, humans have continuously burned fossil fuels and deforested, resulting in an increase in concentrations of greenhouse gases such as carbon dioxide, causing global warming. To address the ongoing rise in global average temperatures, scholars have proposed internalizing external environmental costs and establishing emission limits. Consequently, measures such as Carbon Pricing have begun to be implemented internationally. Taiwan has passed the "Climate Change Response Act" in 2023 and declared the imposition of carbon levy on businesses. To understand the impact of this policy on corporate financial performance, this study utilizes greenhouse gas emission data released by our government to grasp the emission situation. Furthermore, by consolidating ESG information disclosed on MOPS, this research conducts simulations in three scenarios to estimate the potential environmental costs and observes their impact on industries and businesses. Research has found that carbon emissions are highly concentrated among listed companies, with the "shipping industry, oil and gas power generation, semiconductor industry, steel industry, and plastics industry" being high carbon-emitting sectors. Under the implementation of carbon levy policies, even in the most conservative scenario, the oil and gas power generation industry might face a situation of turning into a loss. If the long-term goal of achieving global net-zero emissions is pursued, high carbon-emitting industries may struggle to bear environmental costs, thereby putting pressure on their business operations.
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Description:	碩士國立政治大學國際金融碩士學位學程 111zb1013
Source URI:	http://thesis.lib.nccu.edu.tw/record/#G0111ZB1013
Data Type:	thesis
Appears in Collections:	[Master’s Program in Global Banking and Finance] Theses

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