The Effect of Carbon Credit Management Models on Business Sustainability

Abstract

This research aimed to 1) develop a carbon credit management model that influences business sustainability and 2) propose guidelines for promoting sustainability in business carbon credit management. Data were collected from 400 samples in the municipality of Nonthaburi. The research instrument was a questionnaire with a reliability value of 0.93. The data were analyzed using descriptive statistics, factor analysis, and correlation analysis of the studied variables through a statistical package. The results showed that the sample group placed a moderate level of importance on the amount of carbon credits, carbon credit production costs, carbon credit quality, and sustainability in business carbon credit management. Regarding the development of a carbon credit management model that influences business sustainability, the model revealed a relationship between the amount of carbon credits and business sustainability by statistical analysis of the model yielded a chi-square value of 160.463, with a chi-square to degrees of freedom ratio of 1.327. The p-value was found to be .000. The statistical values of the model were consistent with the theoretical framework at an acceptable level. The most influential factor was the amount of carbon credits (VCC), which had a strong positive relationship with renewable energy (REE), transportation (TRA), and energy efficiency (EEF) and a negative relationship with industrial plants (FAC). This research contributes new knowledge about carbon credit management in the Thai business context by developing a model that impacts sustainability. Additionally, the findings can be used to propose guidelines for promoting sustainability in carbon credit management and serve as a foundation for future research.