This study examines the impact of WTO climate-related Trade Policy Reviews (TPR) on corporate efforts towards going green, specifically focusing on green technology adoption. Utilising a longitudinal sample comprising 30 countries from 2009 to 2019, the study provides original evidence that companies in countries with more frequent TPRs tend to adopt more green technologies. Channel analysis reveals that countries with climate-focused TPR entries, climate-related notifications, and climate-related measures effectively reduce managerial political risk perception, thereby facilitating the companies' adoption of green technologies. Additional analysis suggests a substitutive role of trade policy reviews (TPR) compared to firm-specific external monitors in promoting the adoption of green technologies. The findings also indicate a significant reduction in greenhouse gas (GHG) emissions resulting from the combined effect of climate-related TPR and increased green technology adoption. The study's baseline results remain robust even after applying various estimation techniques, such as Propensity Score matching, Entropy Balancing, and System GMM. This study's novel findings, emphasising the risk reduction and monitoring functions of such reviews in shaping companies' environmental strategies towards sustainability, provide valuable insights to policymakers, practitioners, and stakeholders.

中文翻译：

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世界贸易组织 （WTO） 贸易政策审查和绿色技术采用：全球证据


本研究探讨了 WTO 气候相关贸易政策审查 （TPR） 对企业绿色努力的影响，特别关注绿色技术的采用。该研究利用 2009 年至 2019 年间由 30 个国家/地区组成的纵向样本，提供了原始证据，表明 TPR 更频繁的国家/地区的公司倾向于采用更多的绿色技术。渠道分析显示，拥有以气候为重点的 TPR 条目、气候相关通知和气候相关措施的国家/地区可有效降低管理层的政治风险感知，从而促进公司采用绿色技术。其他分析表明，与公司特定的外部监督员相比，贸易政策审查 （TPR） 在促进绿色技术采用方面具有替代作用。研究结果还表明，由于与气候相关的 TPR 和绿色技术采用率的增加的综合作用，温室气体 （GHG） 排放量显着减少。即使在应用了各种估计技术（例如倾向得分匹配、熵平衡和系统 GMM）之后，该研究的基线结果仍然稳健。本研究的新发现强调了此类审查在制定公司可持续发展环境战略方面的风险降低和监测功能，为政策制定者、从业者和利益相关者提供了宝贵的见解。