Corporations Response to the Energy Saving and Pollution Abatement Policy

Abstract

As the main actor of implementing energy saving and pollution abatement, corporations and their response to the policy are studied in this paper. We find that corporate properties as scale, ownership, current environmental performance on energy using and pollution, target market and listed situation have impact on the corporate responding conduct and progress. Especially, current environmental performance has strong relationship with corporate policy responding performance, corporations with low energy efficiency performed poorly to energy saving and those with heavy pollution level performed below average for pollution abatement. It implicates that the national policy could contribute a lot to outdating production facilities less environment-friendly under strict implementation.