Research on the Impact Path and Risk of Climate Sentiment on the Mineral In-dustry in Sichuan Province under the Background of"Double Carbon"
This paper investigates the impact of climate risk on listed mineral companies in Sichuan Province against the backdrop of the"Double Carbon"goal.Firstly,utilizing data from 2014 to 2022 obtained from the East Money Net-work and constructing a climate sentiment index with the Naive Bayes model.Subsequently,a multiple regression model is employed to further examine the influence of climate sentiment on the return on total assets of the listed mineral compan-ies in Sichuan.The empirical results indicate that the climate sentiment index constructed in this paper has a significant positive relationship with the return on total assets of Sichuan's mining listed companies.Climate risk affects different types of companies differently,significantly enhancing the return on total assets for large-scale mineral companies,while showing no significant impact on small-scale mineral companies.Therefore,in order to better manage the risks associated with climate change,mining companies should actively implement low-carbon strategies,proactively disclose emission in-formation,and enhance brand value to create new competitive advantages for long-term development.
double carbonclimate riskclimate sentimentnaive bayesreturn on asset
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