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ISSN 2063-5346
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Carbon Credit's Impact on Uttarakhand Businesses' Taxes and Profitability

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Dr. Namrata Prakash, Mr. Monu Bhardwaj, Dr. Reeta Rautela, Mr Ashutosh Sharma, Dr Varsha Gupta
» doi: 10.31838/ecb/2023.12.si4.232

Abstract

Find out how the release of CO2 impacts business. About this possible deterrent, very little is known. Companies can improve their (energy-) efficiency by investing in research and development to establish a causal relationship between carbon dioxide emissions and bottom-line results. This research looks at how the correlation between carbon emissions and profits might be influenced by financial investment in innovation. As a result, the fixed effects model represents an advancement in computing. Results from a data analysis of 752 enterprises in Uttarakhand for the years 2018-2020 show that CO2 emissions have a detrimental impact on productivity. This result also demonstrates that innovation funding mitigates these unintended consequences. The survey found varying results from one base to the next, though. When it comes to return on assets and equity, CO2 emissions have a negative impact on company performance. In addition, Return on Investment is the sole factor that can provide funding for innovation.

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