Research on the Impact Mechanism of Carbon Tariffs on Corporate Value and Valuation Methods
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Research on the Impact Mechanism of Carbon Tariffs on Corporate Value and Valuation Methods

Ziyue Chen 1*
1 Donghua University
*Corresponding author: 230720401@mail.dhu.edu.cn
Published on 5 November 2025
Journal Cover
AEMPS Vol.236
ISSN (Print): 2754-1177
ISSN (Online): 2754-1169
ISBN (Print): 978-1-80590-505-9
ISBN (Online): 978-1-80590-506-6
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Abstract

With the advancement of global climate governance and carbon reduction policies, carbon tariffs, as a critical regulatory tool in international trade, are increasingly influencing companies’ cost structures, market competitiveness, and supply chain arrangements. This paper investigates the impact mechanism of carbon tariffs on corporate value and related valuation methods. In the context of reshaping global low-carbon trade rules, it explores the profound influences of carbon tariffs on corporate value through cost transmission, market competition, and supply chain restructuring. In addition, it also analyzes the limitations of traditional valuation methods, which overlook carbon costs and green assets, and provides relevant research suggestions. The study reveals that under carbon constraints, changes in corporate value drivers occur, and that carbon tariffs increase cost pressures on companies while creating long-term value through low-carbon transformation and green innovation.

Keywords:

CBAM, Corporate Value, Impact Mechanism, Valuation Methods

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Chen,Z. (2025). Research on the Impact Mechanism of Carbon Tariffs on Corporate Value and Valuation Methods. Advances in Economics, Management and Political Sciences,236,27-33.

References

[1]. Song, Y., & Huang, L. (2024) Impact of the carbon border adjustment mechanism on the export costs of China's steel products and response strategies. Finance and Accounting, (20), 60-62+67.

[2]. Tu, X., Jin, X., & Qin, R. (2023) Analysis of the EU carbon border adjustment mechanism and its trade impact. Southeast Academic, (05), 67-76.

[3]. Maeno, K., Tokito, S., Yokoi, R., et al. (2025) Global supply chain restructuring towards achieving a low-carbon procurement of mineral resources for metal production. Resources, Environment and Sustainability, 20, 100215.

[4]. Yi, C., Huang, S., & Yu, K. (2024) The impact of the EU “carbon tariff” on China-EU trade and response strategies. Fujian Finance, (01), 50-57.

[5]. Yang, B., & Wang, Y. (2024) Research on the impact of the EU carbon border adjustment mechanism on China's export trade: Taking exports to EU manufacturing as an example. Financial Economy, (06), 82-92.

[6]. European Energy Exchange (2025) Auction Market. https: //www.eex.com/en/markets/environmental-markets/auction-market

[7]. Shanghai Environment and Energy Exchange. (2025) Carbon Emissions Trading. https: //www.cneeex.com/

[8]. Midea Group. (2024) Annual reports, financial statements, and ESG reports. https: //www.midea.com.cn/zh/Investors

[9]. Liang, N., & Shen, C. (2023) The impact of the EU carbon tariff on Chinese commercial banks and countermeasures. Northern Finance, (07), 49-54.

[10]. Zhou, T., Zhou, C., Li, X., et al. (2024) The impact of the EU carbon tariff implementation on China-EU trade and response strategies. Integration Technology, 13(01), 30-43.

[11]. Ding, C., & Cao, X. (2024) The impact of the EU carbon border adjustment mechanism on China’s trade: A simulation analysis based on a dynamic recursive GTAP-E model. World Economy Studies, (02), 18-33+135.

[12]. Samuel, S.A. (2025) Carbon pricing mechanisms for reducing greenhouse gas emissions and encouraging sustainable industrial practices. World Journal of Advanced Research and Reviews, 25(02), 001-024.

[13]. Chen, Y. (2022) Research on the applicability of the DCF model under different interest rate environments. International Business Accounting, (14), 22-25.

References

[1]. Song, Y., & Huang, L. (2024) Impact of the carbon border adjustment mechanism on the export costs of China's steel products and response strategies. Finance and Accounting, (20), 60-62+67.

[2]. Tu, X., Jin, X., & Qin, R. (2023) Analysis of the EU carbon border adjustment mechanism and its trade impact. Southeast Academic, (05), 67-76.

[3]. Maeno, K., Tokito, S., Yokoi, R., et al. (2025) Global supply chain restructuring towards achieving a low-carbon procurement of mineral resources for metal production. Resources, Environment and Sustainability, 20, 100215.

[4]. Yi, C., Huang, S., & Yu, K. (2024) The impact of the EU “carbon tariff” on China-EU trade and response strategies. Fujian Finance, (01), 50-57.

[5]. Yang, B., & Wang, Y. (2024) Research on the impact of the EU carbon border adjustment mechanism on China's export trade: Taking exports to EU manufacturing as an example. Financial Economy, (06), 82-92.

[6]. European Energy Exchange (2025) Auction Market. https: //www.eex.com/en/markets/environmental-markets/auction-market

[7]. Shanghai Environment and Energy Exchange. (2025) Carbon Emissions Trading. https: //www.cneeex.com/

[8]. Midea Group. (2024) Annual reports, financial statements, and ESG reports. https: //www.midea.com.cn/zh/Investors

[9]. Liang, N., & Shen, C. (2023) The impact of the EU carbon tariff on Chinese commercial banks and countermeasures. Northern Finance, (07), 49-54.

[10]. Zhou, T., Zhou, C., Li, X., et al. (2024) The impact of the EU carbon tariff implementation on China-EU trade and response strategies. Integration Technology, 13(01), 30-43.

[11]. Ding, C., & Cao, X. (2024) The impact of the EU carbon border adjustment mechanism on China’s trade: A simulation analysis based on a dynamic recursive GTAP-E model. World Economy Studies, (02), 18-33+135.

[12]. Samuel, S.A. (2025) Carbon pricing mechanisms for reducing greenhouse gas emissions and encouraging sustainable industrial practices. World Journal of Advanced Research and Reviews, 25(02), 001-024.

[13]. Chen, Y. (2022) Research on the applicability of the DCF model under different interest rate environments. International Business Accounting, (14), 22-25.

Cite this article

Chen,Z. (2025). Research on the Impact Mechanism of Carbon Tariffs on Corporate Value and Valuation Methods. Advances in Economics, Management and Political Sciences,236,27-33.

Data availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

About volume

Volume title: Proceedings of ICFTBA 2025 Symposium: Financial Framework's Role in Economics and Management of Human-Centered Development

ISBN: 978-1-80590-505-9(Print) / 978-1-80590-506-6(Online)
Editor: Lukáš Vartiak, Habil. Florian Marcel Nuţă
Conference website: https://2025.icftba.org/Galati.html
Conference date: 17 October 2025
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.236
ISSN: 2754-1169(Print) / 2754-1177(Online)

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