Price stabilization mechanisms (PSMs), one of a set of key policy elements aiming at supporting increasing and stable carbon prices, may affect the performance of emissions trading systems (ETS) in terms of green innovation. By using the case of China’s regional carbon market pilots and data of listed firms, the research team found that pilots adopting both price-based and quantity-based PSMs significantly induced green innovation activities in covered firms, while a single type does not guarantee the effect. PSMs help to do so by lifting carbon prices and reducing firms’ perceived uncertainties. The above effects would be enhanced in firms with lower asset reversibility, lower ability of cost passthrough, higher ability of innovation, and state-owned enterprises.

The enforcement of the historic United States law to combat international corruption was suspended on 10 February 2025 through a presidential executive order. On the same day, companies under investigation or sanctioned for corruption increased their market capitalisation by an average of USD 160 million. A signal that could also lead other countries to scale back their efforts to fight international corruption