Stock Market Reaction To Environmental Regulations: Evidence From Pakistan

Abstract

Greenhouse gas (GHG) emission is an important contemporary issue that has resulted in global warming and environmental degradation in the world. The role of governments and individuals has been expanded to reduce GHG emission rates. However, this has not been sufficient for significantly reducing fossil fuel emission rates (Tollefson, 2021). The role of individuals is not separable from organizations and therefore, organizations are facing increasing pressure in order to reduce the impact of their operations on the natural environment (Garnett and Balmford, 2022).