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Extreme temperature and enterprise digital transformation
A B
C D
E
Figure 5. (A-E) Moderating effect diagram
6.3. Carbon trading policies Chongqing, Hubei, Guangdong, and Shenzhen, with
In the face of persistent environmental pollution and Shenzhen, Shanghai, Beijing, Guangdong, and Tianjin
extreme weather events, carbon emissions and carbon launching in 2013, and Chongqing and Hubei launching
governance have become global focal points in the in 2014. Column (3) of Table 5 and Figure 5E show
environmental theme. The National Development the regression results after adding the cross-multiplier
and Reform Commission issued the implementation term, and the coefficient of the cross-multiplier term
rules of the Notice on Carbon Emission Trading Pilot is significantly negative, which indicates that the
Work in October 2011, and we tested whether the carbon trading pilot policy weakens the impact of
implementation of this policy will, to a certain extent, extreme temperature on the digital transformation of
slow down the pressure of carbon emissions from over- enterprises. A possible explanation for this is that the
emitting manufacturing enterprises, and whether it implementation of the carbon trading policy allows
will play a role in the digital transformation of extreme firms that have exceeded their carbon emission quotas
temperatures. A dummy variable is constructed to to purchase carbon emission rights through the trading
represent the carbon trading pilot (Tan), which takes the market to compensate for their excess quotas, thus
value of 1 if a province is part of the pilot region and the releasing carbon emissions that have been restricted
year is in the year of or after the launch of the pilot in by the government in the context of global warming
that province, otherwise it takes the value of 0. The pilot and reducing the incentive for firms to undergo digital
consists of seven regions: Beijing, Tianjin, Shanghai, transformation. Of course, this result is somewhat
Volume 22 Issue 4 (2025) 133 doi: 10.36922/AJWEP025210166
