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Li Y, Liu J, Li Y. Exploring the impact of renewable energy, green taxes and trade openness on carbon neutrality: New insights from BRICS countries. Heliyon 2024; 10:e36984. [PMID: 39315208 PMCID: PMC11417214 DOI: 10.1016/j.heliyon.2024.e36984] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Download PDF] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 03/22/2024] [Revised: 08/14/2024] [Accepted: 08/26/2024] [Indexed: 09/25/2024] Open
Abstract
The world faces two significant challenges: promoting sustainable economic growth and reaching carbon neutrality. In BRICS countries, these challenges are shaped by renewable energy, green taxes, and trade openness. These countries were selected for their strategic location and the abundance of relevant data collected over the period of 1990-2021, providing a distinctive window into the energy and economic dynamics of the area. The link between renewable energy consumption, green taxes, trade openness, and natural resources and their effects on carbon emissions in BRICS countries is examined in this study using the Fully Modified Ordinary Least Square Method (FMOLS) estimator and the Drisc Kraay estimator for the robustness test. The findings indicate that using renewable energy and green taxes primarily contribute to reducing emissions, particularly at higher emissions levels. The study reveals that various factors, namely financial globalization, trade openness, efficient resource management, and population growth, substantially impact carbon neutrality. Population growth positively impacts carbon neutrality, while using renewable energy sources mitigates it. Furthermore, the empirical findings show a statistically significant positive association between financial globalization, efficient resource management, and carbon neutrality in BRICS nations. Therefore, it is necessary to implement an integrated ecological governance strategy to control and direct financial resources towards sustainable development and green energy.
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Affiliation(s)
- Yanfeng Li
- State Key Joint Laboratory of Environmental Simulation and Pollution Control, School of Environment, Beijing Normal University, Beijing 100875, China
| | - Jingru Liu
- Shandong Electric Power Engineering Consulting Institute Corp., Ltd., Jinan 250013, China
| | - Yanlei Li
- MOE Key Laboratory of Regional Energy and Environmental Systems Optimization, College of Environmental Science and Engineering, North China Electric Power University, Beijing 102206, China
- State Power Investment Group Beijing Electric Power Corp., Ltd., Beijing 100032, China
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2
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Zheng X, Faheem M, Fakhriddinovch Uktamov K. Exploring the link between economic policy uncertainty, financial development, ecological innovation and environmental degradation; evidence from OECD countries. PLoS One 2024; 19:e0307014. [PMID: 39259724 PMCID: PMC11389930 DOI: 10.1371/journal.pone.0307014] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [MESH Headings] [Track Full Text] [Journal Information] [Subscribe] [Scholar Register] [Received: 03/08/2024] [Accepted: 06/26/2024] [Indexed: 09/13/2024] Open
Abstract
Governments have been concerned with balancing economic growth and environmental sustainability. Nevertheless, it has been noted that sustainable development is interconnected with economic variables, the institutional framework, and the efficacy of ecological regulatory measures. This study experimentally examines the correlation of economic policy uncertainty (EPU), financial development (FD), ecological innovation (EI), corruption (IQ), foreign direct investment (FDI), trade openness (TR), natural resource rent (NRR), and CO2 emission. We utilized longitudinal data from the Organization for Economic Cooperation and Development (OECD) countries from 2003 to 2021 to address the existing research void. This study used sequential processes of the linear panel data model (SELPDM) and the SYS-GMM approaches in obtaining consistent and efficient results. The inverse U-shaped relationship between FD and environmental degradation (ED) is confirmed by the long-term elasticity estimates generated by the SELPDM method Elasticity estimates for the long-run show that rigorous ecological regulations, higher renewable energy utilization, higher FD and less corruption, an interaction between FD and rigorous ecological regulations all contribute to reduced ED. Its also being observed that both EPU, FDI and trade openness are positively affecting the ED. It confirms the idea of pollution refuge between the OECD countries. The causality test results show that corruption and FD had reciprocal links with ED, while FDI, trade openness and strict environmental policies were also found to have bidirectional linkage with ED. To achieve sustainable development and prevent environmental degradation in the long term, we propose implementing an institutional financial framework and FD in OECD nations. This may be accomplished by focusing on the effectiveness of environmental regulatory laws and creating a conducive institutional environment.
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Affiliation(s)
| | - Muhammad Faheem
- Schools of Economics, Bahauddin Zakaryia University, Multan, Pakistan
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3
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He Z, Li J, Ayub B. How do income inequality, poverty and industry 4.0 affect environmental pollution in South Asia: New insights from quantile regression. Heliyon 2024; 10:e33397. [PMID: 39027599 PMCID: PMC11255659 DOI: 10.1016/j.heliyon.2024.e33397] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Download PDF] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 11/10/2023] [Revised: 06/01/2024] [Accepted: 06/20/2024] [Indexed: 07/20/2024] Open
Abstract
While many factors have been studied as potential causes of environmental degradation, the impact of poverty and inequality has been largely overlooked in the research. The Sustainable Development Goals are aligned with the intersection of poverty, inequality, and the environment. In addition, most previous research has used carbon dioxide (CO2) emissions as a surrogate for pollution. These gaps are filled by this study, which uses ecological footprint (a comprehensive measure of pollution) and CO2 emissions to examine the effects of income disparity and poverty on environmental pollution in 13 nations. Dynamic panel Quantile regression methods are used in this study because of their resilience to various econometric problems that can crop up during the estimate process. The empirical results reveal that the whole panel's carbon emissions and ecological footprint rise when income disparity and poverty exist. When the panel is subdivided, however, we see that income inequality reduces carbon emissions and environmental footprint for the wealthy but has the opposite effect on the middle class. While high-income households see no impact from poverty on their carbon emissions, middle-income households see an increase in both. Overall, the results of this study suggest that income disparity and poverty are major factors in ecological degradation. Therefore, initiatives to reduce environmental degradation should pay sufficient attention to poverty and inequality to achieve ecological sustainability.
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Affiliation(s)
- Zhongsheng He
- School of Economics and Management, Chengdu Normal University, Chengdu, Sichuan, 611130, China
| | - Jing Li
- School of Marxism, Chengdu Sport University, Chengdu, Sichuan, 610041, China
| | - Bakhtawer Ayub
- Schools of mathematics, International Islamic University, Islamabad, Pakistan
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4
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Jiang W, Chen S, Tang P, Hu Y, Liu M, Qiu S, Iqbal M. Role of natural resources, renewable energy sources, eco-innovation and carbon taxes in carbon neutrality: Evidence from G7 economies. Heliyon 2024; 10:e33526. [PMID: 39035536 PMCID: PMC11259887 DOI: 10.1016/j.heliyon.2024.e33526] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Download PDF] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 02/16/2024] [Revised: 05/29/2024] [Accepted: 06/23/2024] [Indexed: 07/23/2024] Open
Abstract
Global warming has created problems for human life, and it has been increasing for a few years. All the developing and developed countries are establishing policies to attain zero carbon status. This study extends the ongoing debate on carbon emissions. It examines the effect of natural resources and RE (Biofuel and other renewable sources) on greenhouse gas (CO2 emission and PM2.5) emissions while using data over 22 years (1999-2021) from G7 countries. In addition, this study has investigated the effect of carbon taxes, financial development, and environmental policies on carbon neutrality. The cross-sectional-ARDL, the Common correlated effect means group (CCEMG), and the Augmented mean group (AMG) cutting-edge model have been employed. Quantile regression has been employed for robustness. The study results demonstrate that biofuel and other renewable energy (RE) sources, carbon taxes, environmental policy, and eco-innovation decrease greenhouse gas emissions (CO2 emissions). Meanwhile, financial development, and natural resource dependence positively impact carbon neutrality. The robustness result also verifies the findings from CS-ARDL, AMG, and CCEMG methods. The empirical findings are used to infer policy implications for G7 economies.
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Affiliation(s)
- Wenze Jiang
- Business School, Nanjing University, Nanjing, 210093, China
| | - Songrui Chen
- Business School, Nanjing University, Nanjing, 210093, China
| | - Peibei Tang
- Business School, Xi'an Jiaotong-Liverpool University, Suzhou, 215028, China
| | - Yuhang Hu
- School of Environment, Environment Science (Sino-foreign Cooperation), Hohai University, Nanjing, 210024, China
| | - Muyao Liu
- Business School, Nanjing University, Nanjing, 210093, China
| | - Shi Qiu
- Lanzhou University, Lanzhou City, Gansu Province, 730000, China
| | - Mujahid Iqbal
- Schools of Economics, Bahauddin Zakaryia University, Multan, Pakistan
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5
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Li H, Ali MSE, Ayub B, Ullah I. Analysing the impact of geopolitical risk and economic policy uncertainty on the environmental sustainability: evidence from BRICS countries. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2024; 31:46148-46162. [PMID: 36952163 DOI: 10.1007/s11356-023-26553-w] [Citation(s) in RCA: 16] [Impact Index Per Article: 16.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 01/08/2023] [Accepted: 03/15/2023] [Indexed: 06/18/2023]
Abstract
This key article seeks to empirically examine the impact of geopolitical risk, economic policy uncertainty (EPU), natural resources, and renewable energy on a country's ecological footprint, a proxy for environmental sustainability on a national scale. We conducted a quantitative study using the cross-sectional autoregressive distributive lag, augmented mean group, and common correlated effect mean group estimation models, as well as a few tests such as the CD test, Westerlund's co-integration, and CIPS and CADF unit root tests, beginning in January 2000 and ending in January 2021, to determine the data's reliability. The findings indicate that while GPR and renewable energy sources lessen the ecological footprint (EF), EPU and the use of non-renewable energy enhance the EF. The study's scope is narrowed to the BRICS nations, but its implications for expanding existing knowledge and shaping policy are enormous. The results can aid decision-makers in preparing for the possibility of unexpected events causing harm to the economy. The reliability of the evidence can be strengthened by employing more stringent research methods. This study's dimensions reflect the current research paradigm. The research has policy implications for achieving sustainable development goals in emerging economies.
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Affiliation(s)
- Hua Li
- Henan Institute of Science and Technology, Xinxiang, 453003, China
| | | | | | - Irfan Ullah
- Nanjing University of Information Science and Technology, Nanjing, People's Republic of China
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6
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Ameer W, Ali MSE, Farooq F, Ayub B, Waqas M. Renewable energy electricity, environmental taxes, and sustainable development: empirical evidence from E7 economies. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2024; 31:46178-46193. [PMID: 37084046 DOI: 10.1007/s11356-023-26930-5] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 12/12/2022] [Accepted: 04/06/2023] [Indexed: 05/03/2023]
Abstract
Since globalization has increased both production and population, it has also increased environmental damage. This is why the development of renewable energy sources is crucial to the survival of humanity and the planet itself. Business patterns across the various nations, however, have changed significantly over time. This study examines how environmental taxes and renewable energy electricity affect renewable energy consumption in emerging seven economies by using panel dataset over the period of 1990 to 2020. Control variables include economic growth, carbon emissions, and environmental innovation. The results confirmed the presence of the long-run co-integration association, the existence of slope coefficient heterogeneity, and the dependency of cross sections using several panel data methods. Since the data was not normally distributed, a new technique known as method of moments quantile regression (MMQR) was applied in this study. The projected results contend that the major factors of renewable energy consumption are renewable energy output, environmental taxation, economic growth, and carbon emissions. However, eco-friendly innovations drastically cut back on the need for renewable energy. Bootstrap quantile regression verifies the results' reliability, and the panel Granger causality test corroborates that the listed factors have a bidirectional causal relationship with renewable energy usage. Furthermore, this research recommends boosting spending on renewable electricity, the environmental tax sector, and ecological innovation in order to expand the use of renewable energy.
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Affiliation(s)
- Waqar Ameer
- School of Economics, Shandong Technology and Business University, Yantai City, Shandong Province, People's Republic of China
| | | | - Fatima Farooq
- School of Economics, Bahauddin Zakariya University, Multan, Pakistan
| | | | - Muhammad Waqas
- Institute of Management Sciences, Bahauddin Zakariya University, Multan, Pakistan
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7
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Butt HMM, Khan I, Xia E. Impact of energy imports, renewable electricity production, alternative, and nuclear energy sources on natural gas resource rents. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2024; 31:42160-42173. [PMID: 38861060 DOI: 10.1007/s11356-024-33854-1] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 08/12/2023] [Accepted: 05/27/2024] [Indexed: 06/12/2024]
Abstract
The world faces several problems related to natural gas resource rents and energy production from renewable sources. One of the main problems is the influence of energy imports, manufacturing exports, and alternative energy sources on natural gas and electricity production from renewable sources. Energy imports, manufacturing exports, and alternative energy sources can impact natural gas and electricity production. This paper examines natural gas resource rents and electricity production from renewable sources nexus from 1971 to 2021, using energy imports, manufacturer's exports, and alternative energy sources in China. Electricity production from renewable sources and manufacturing exports are negatively associated with natural gas resource rents. Energy imports and alternative energy sources positively relate to natural gas resource rents in China. These results suggest that the energy sector in China is highly interconnected and that policies that seek to promote renewable energy sources and other alternatives can positively affect natural gas resource rents. China needs to develop an energy policy considering the policy implications of energy imports and natural gas resource rents. Such a policy should focus on increasing domestic production, reducing energy imports, and ensuring adequate revenue from natural gas resource rents. Additionally, regulations could be implemented that support the development of alternative energy sources, such as requiring utilities to purchase a certain percentage of their power from renewable sources.
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Affiliation(s)
| | - Irfan Khan
- School of Management and Economics, Beijing Institute of Technology, Beijing, China
| | - Enjun Xia
- School of Management and Economics, Beijing Institute of Technology, Beijing, China.
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8
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Wang Z, Sibt-e-Ali M. Financial globalization and economic growth amid geopolitical risk: A study on China-Russia far East federal district. Heliyon 2024; 10:e31098. [PMID: 38813146 PMCID: PMC11133754 DOI: 10.1016/j.heliyon.2024.e31098] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Download PDF] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 11/20/2023] [Revised: 04/19/2024] [Accepted: 05/09/2024] [Indexed: 05/31/2024] Open
Abstract
Geopolitics, natural resource efficiency and financial globalization have arisen as a new concept for low CO2 to achieve sustainable economic growth (EG). Therefore, developed and developing economies focus on Geopolitics risk (GPR), natural resource (NRS) efficiency and financial globalization (FG) to cope with CO2 neutrality targets. In order to understand the elements that contribute to achieving CO2 neutrality, this study sought to establish a relevant connection between geopolitics, the efficiency of NRS, financial globalization (FNG), and economic growth. For the abovementioned objectives, modern econometric methods, such as the canonical cointegration, CS-FGLS and GMM were adopted to evaluate the China-Russia Far East dataset between 1990 and 2022. In order to achieve CO2 neutrality in the long run, the study's elements are crucial, according to the results. In addition, GMM shows that each of the parameters affects CO2 neutrality. As a result, the ecological Kuznets curve rules the economic landscape, and long-term CO2 neutrality is greatly facilitated by geopolitics, efficient use of natural resources, financial globalization, and economic growth. Consequently, numerous domains necessitate far-reaching and revolutionary policy changes, such as economic integration to mitigate geopolitical risk, effective management of natural resources, efficient financial systems, and sustainable technology.
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Affiliation(s)
- Zhuojun Wang
- Business School of the University of Sydney, New South Wales, 2006, Australia
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9
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Wei Y, Tao X, Zhu J, Ma Y, Yang S, ayub A. Examining the relationship between international digital trade, green technology innovation and environmental sustainability in top emerging economics. Heliyon 2024; 10:e28210. [PMID: 38596034 PMCID: PMC11002551 DOI: 10.1016/j.heliyon.2024.e28210] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Download PDF] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 01/03/2024] [Revised: 02/22/2024] [Accepted: 03/13/2024] [Indexed: 04/11/2024] Open
Abstract
Ensuring preserving a sustainable environment is a crucial concern for individuals worldwide. In previous research, CO2 emissions have been used to measure environmental deterioration. However, in this study, we have expanded the scope to include carbon emissions and several other gases. This comprehensive measure is referred to as the ecological footprint (EFP). More significant international digital trade (IDT) has the potential to achieve several positive results, including reducing EFP (economic frictions and barriers), stimulating economic growth, and minimizing trade risk and volatility. These benefits can be realized by implementing structural reforms in significant production and development sectors. Green technology innovation (GTI) has the potential to make substantial progress in ecological quality and energy efficiency. Nevertheless, previous studies still need to adequately prioritize examining rising economies in terms of international trade diversification and GTI. This study examined the effects of IDT, GTI, and renewable energy consumption (REC) on EFP in BRICST countries. The study utilized data from the period between 1995 and 2022. The cross-sectionally augmented autoregressive distributed lag (CS-ARDL) model demonstrates that EFP negatively correlates with trade diversification, REC, and GTI in the long and short term. These countries have demonstrated a significant presence of eco-friendly products in their trade portfolios, and their manufacturing processes are shifting towards GTI. The objective is to enhance the REC sources and minimize EFP from consumption. Conversely, the increasing economic growth within this economic group has a compounding impact on the environment's decline since it amplifies the carbon emissions from increased consumption. To reduce the EFP level, the paper suggests increasing investment in GTI, promoting worldwide digital trade, and embracing renewable energy sources.
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Affiliation(s)
- Ying Wei
- School of Fan Li Business, Nanyang Institute of Technology, Nanyang, 473000, China
- Innovative Team for Coordinated Governance of Economic Development and Ecological Security in the Water Source Area of the South to North Water Diversion Project, Nanyang, 473000, China
| | - Xiaoyan Tao
- School of Fan Li Business, Nanyang Institute of Technology, Nanyang, 473000, China
- Innovative Team for Coordinated Governance of Economic Development and Ecological Security in the Water Source Area of the South to North Water Diversion Project, Nanyang, 473000, China
| | - Jiulong Zhu
- School of Fan Li Business, Nanyang Institute of Technology, Nanyang, 473000, China
- Innovative Team for Coordinated Governance of Economic Development and Ecological Security in the Water Source Area of the South to North Water Diversion Project, Nanyang, 473000, China
| | - Yuan Ma
- School of Fan Li Business, Nanyang Institute of Technology, Nanyang, 473000, China
- Innovative Team for Coordinated Governance of Economic Development and Ecological Security in the Water Source Area of the South to North Water Diversion Project, Nanyang, 473000, China
| | - Sijia Yang
- School of Fan Li Business, Nanyang Institute of Technology, Nanyang, 473000, China
- Innovative Team for Coordinated Governance of Economic Development and Ecological Security in the Water Source Area of the South to North Water Diversion Project, Nanyang, 473000, China
| | - Ayesha ayub
- Schools of Economics, The University of Lahore, Lahore, Pakistan
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10
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Tan H, Yan Y, Wu ZZ. Determinants of the transition towards circular economy in SMEs: a sustainable supply chain management perspective. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2024; 31:16865-16883. [PMID: 38324151 DOI: 10.1007/s11356-024-31855-8] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 06/28/2023] [Accepted: 01/01/2024] [Indexed: 02/08/2024]
Abstract
Small and medium-sized businesses (SMEs) increasingly know the benefits of improving resource efficiency and closing loops. These benefits include lowering material costs, establishing competitive advantages, and gaining access to new markets. As a consequence of implementing new regulations, manufacturing companies, particularly those in the automobile industry, are compelled to modify and change their business practices related to the circular economy (CE). More stringent the implementation of environmentally responsible policies and strengthening environmental regulations. CE is the most important factor in improving environmental conditions since it reduces waste and boosts output. This facet calls for the attention of fresh academics and policymakers with years of relevant expertise. Recent studies have investigated how green logistics management might improve a company's overall performance in terms of environmental responsibility. However, we believe that the connection between environmentally responsible companies is not a direct one but rather one that is mediated by the practices of circular economies. We investigate the direct and indirect effects of the environmentally responsible impact of proper logistics management on organizations' overall environmental performance via the application of circular economy practices. Our theoretical underpinnings are the resource-based viewpoint and the resource dependence theory. This research also investigates whether or not the traceability of the supply chain has a mitigating influence on the connections. We evaluated the hypotheses using the PLS-SEM method, drawing on the empirical data provided by 245 Chinese factories considered modest or medium size. The results demonstrate that the management of green logistics has a constructive effect on circular economy practices and businesses' sustainability performance. In addition, although it greatly impacts circular economy practice among SMEs, supply chain traceability does not attenuate the connection between eco-friendly supply chain management and environmental impact. Green logistics management in SMEs is linked to improved sustainability performance via the circular economy practice. To further verify the efficacy of the mediation, we also ran the sober test. Our results strengthen knowledge of circular economy, environmentally friendly logistics management practices, and sustainability performance while advancing natural resource-based planning and the resource dependence theory, which are the two approaches. Given the scarcity of information research analyzing the interplay between these factors, our results are very significant.
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Affiliation(s)
- Hua Tan
- School of Modern Finance, Jiaxing Nanhu University, Jiaxing, 314001, Zhejiang, China
| | - Ye Yan
- School of Modern Finance, Jiaxing Nanhu University, Jiaxing, 314001, Zhejiang, China.
| | - Zheng Zhong Wu
- School of Modern Finance, Jiaxing Nanhu University, Jiaxing, 314001, Zhejiang, China
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11
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Magnano DG, Grimstad SMF, Glavee-Geo R, Anwar F. Disentangling circular economy practices and firm's sustainability performance: A systematic literature review of past achievements and future promises. JOURNAL OF ENVIRONMENTAL MANAGEMENT 2024; 353:120138. [PMID: 38301476 DOI: 10.1016/j.jenvman.2024.120138] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 11/29/2023] [Revised: 01/09/2024] [Accepted: 01/18/2024] [Indexed: 02/03/2024]
Abstract
This paper systematically and critically reviews the literature on the intersection of circular economy practices (CEPs) and sustainability performance (SP). We synthesize and analyze the extant literature to uncover the knowledge gaps, highlight the contradictory views, and provide a comprehensive overview of the field. Following a detailed database search, we selected 104 empirical studies published in peer-reviewed journals for analysis. Our review reports the publication trends, top publishing journal outlets, research methodologies, and empirical contexts. We outline the theoretical underpinnings, identify the diverse circular economy practices and the key factors that impact circular economy practices and sustainable performance. The review shows a propensity for most authors to reuse established theories or not use theory at all, revealing the need for theory development. Furthermore, our analysis revealed that R&D and innovation, digital technologies, organizational capabilities/resources, and stakeholder and institutional pressure substantially influence the CEPs - SP relationship. Through our detailed assessment of the existing literature, we identified and proposed several themes and avenues for future research.
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Affiliation(s)
- Diana Giovanni Magnano
- NTNU-Norwegian University of Science and Technology, Department of International Business, Larsgårdsvegen 2, 6009, Ålesund, Norway.
| | - Siv Marina Flø Grimstad
- NTNU-Norwegian University of Science and Technology, Department of International Business, Larsgårdsvegen 2, 6009, Ålesund, Norway.
| | - Richard Glavee-Geo
- NTNU-Norwegian University of Science and Technology, Department of International Business, Larsgårdsvegen 2, 6009, Ålesund, Norway.
| | - Fahim Anwar
- NTNU-Norwegian University of Science and Technology, Department of International Business, Larsgårdsvegen 2, 6009, Ålesund, Norway.
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12
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Wang R. The hidden linkage of corporate efficiency and green innovation with human resource management practices: a newly perspective from China. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2024; 31:12511-12527. [PMID: 38233710 DOI: 10.1007/s11356-023-31554-w] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 05/16/2023] [Accepted: 10/03/2023] [Indexed: 01/19/2024]
Abstract
It is disappointing that despite having access to human resources at very little cost, rising countries' administrations are so ineffective. It is often believed that an organization's unheralded employees hold the keys to its success or failure. A person's mood and demeanor may be influenced by a variety of factors. Human resource management (HRM) methods have been created and used by scientists all over the globe in an effort to maximize the potential of their most important asset. Eco-friendly inventions are crucial to the survival of humanity and the prosperity of enterprises throughout the world. Therefore, the purpose of this research is to look at how green innovation affects both the environment and businesses. Green process metrics and green product metrics, for example, may have an impact on green innovation, which is why these metrics are important to track. The second primary goal of this research is to learn how the commitment and HR practices of top management shape the link between green innovation and economic and environmental success. A self-reported poll was taken by 370 employees in China's manufacturing industry. A partial least square structural equation modelling was used to examine the data collected between April 2021 and February 2022. This research employed confirmatory component analysis, a standard technique of structural equation modelling (SEM) for examining both overt and covert variables and indicators, to assess the reflecting indicators measurement model. The findings suggest that HRM has an effect on green innovation that is both positive and statistically significant. The environment and the economy benefit greatly from green innovations. Relationships between HRM and green innovation have no unfavorable implications on business results or the environment. However, human resource management has the potential to boost organizations' prosocial impact. In a three-way interaction (moderated moderation) model, organizational success is found to have a significant role, whereas environmental and organizational success play just a little one. To improve economic and environmental outcomes across all sectors, this study adds to the existing body of knowledge and argues for the wider implementation of green innovation practices. Human resource managers play a crucial role in developing a company's culture and values. The findings suggest that with leadership's blessing, green technologies may spread across a company.
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Affiliation(s)
- Ran Wang
- Department of Management, Shijiazhuang Information Engineering Vocational College, Shijiazhuang, 050000, Hebei, China.
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13
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Zhang D, Shi L, Liu G. Supply chain in transition navigating economic growth and environmental sustainability through education. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2024; 31:12321-12339. [PMID: 38233711 DOI: 10.1007/s11356-024-31856-7] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 09/02/2023] [Accepted: 01/01/2024] [Indexed: 01/19/2024]
Abstract
The growing interest in the Management of Eco-Friendly Supply Chains warrants this study. Green supply chain management (GSCM) is an approach to supply chain management (SCM) that takes into account environmental factors. Therefore, GSCM is vital in shaping the cumulative environmental effect of businesses engaged in supply chain operations. In addition, GSCM may help improve the effectiveness of sustainability initiatives. Manufacturing companies, particularly in developing nations like India, are trying to adjust essential procedures and supply chains because of the rising need to be ecologically sustainable. However, such efforts must be deployed strategically to be ecologically sustainable and economically successful. As a result, this study focuses on the relationship between green supply chain management and education that affect environmental sustainability and economic performance. As a further step toward more sustainable development, the mediating function of education is sustainable economic growth and environmental health. The data was collected by distributing a well-crafted questionnaire to manufacturing facilities in India. We employed PLS-SEM to analyze and interpret the data test hypotheses based on data from 415 replies. The findings point to cost and profit as the primary metrics of corporate success. Disposal of trash, usage of resources, and release of greenhouse gases are alternative measures of environmental sustainability. Distributed online links and in-person interviews with employees at companies throughout India who use GSCM procedures provided the basis for the study's primary data set. The data was gathered with the use of an organized survey form. The findings of tests conducted on the hypotheses were considered. According to this research, cost, profit, waste, resource, and GHG emission impacts vary depending on which GSCM techniques are implemented. Green supply chain management strategies significantly affect price, trash disposal, resource utilization, and GHG emissions. There was no discernible trend between GSCM methods and financial success. In addition to discussing the unique elements of sustainable supply chains and the limits of current research, this article also discusses how a company's bottom line will benefit monetarily from establishing a sustainable supply chain. This should inspire more study in this area. Our investigation revealed patterns and voids, and we used that information to outline a thorough plan for future GSCM studies. The research helps manufacturing company management improve their sustainable policies while providing policymakers with pointers.
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Affiliation(s)
- Dan Zhang
- Institute for Educational Planning and Policy, GuangZhou Institute of Educational Research, Guangzhou, 510000, China
| | - Li Shi
- School of Information Engineering, Hubei University of Economics, Wuhan, 430205, China.
- Hubei Internet Finance Information Engineering Technology Research Center, Hubei University of Economics, Wuhan, 430205, China.
| | - Gang Liu
- School of Electrical and Information Engineering, Heilongjiang University of Technology, Jixi, 158100, China
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14
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Hu X, Zhao Y. Decoding the green supply chain: Education as the key to economic growth and sustainability. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2024; 31:9317-9332. [PMID: 38191728 DOI: 10.1007/s11356-023-31343-5] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 09/02/2023] [Accepted: 11/29/2023] [Indexed: 01/10/2024]
Abstract
The value of environmental safeguarding is rising in both private and public spheres. What is meant by the term "green supply chain management" (GSCM)? It is minimizing the negative effects of a company's operations on the natural world. Particularly in the research and academic disciplines of the expanding economy of the China region, the concept of the intersection of green supply chain management and sustainable development is dissected at a foundational level. However, there has been little attention paid to how GSCM, GHC, environmental performance, and economic performance all relate to one another. This study fills that void in the literature by giving hard data to encourage businesses in the China area to adopt GHC (green human capital) and SCM (sustainable supply chain management) in order to significantly improve their environmental and economic outcomes. To better understand the interplay between these ideas, we constructed a conceptual framework. The information was gathered using a survey consisting of questionnaires. Manufacturing companies from ten (10) different areas in China provided the 470 responses. The information was analyzed using structural equation modeling (SEM). Research shows that green human capital and green supply chain management have a beneficial influence on economic performance but no discernible effect on environmental outcomes. The results also demonstrate that green supply chain management is an effective act as a mediator between environmental performance and economic performance, with a beneficial effect on both. An initial conclusion may be made that bettering the green human capital stock was more important for China's green economy's growth than bettering the human capital structure. Research like this helps fill out the picture of the green economy and informs policy decisions at the national level.
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Affiliation(s)
- Xinbo Hu
- School of Public Administration, Dongbei University of Finance and Economics, Dalian, 116025, Liaoning, China
| | - Yanzhi Zhao
- School of Public Administration, Dongbei University of Finance and Economics, Dalian, 116025, Liaoning, China.
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15
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Rasheed M, Liu J. Unraveling the environmental Kuznets curve: interplay between [Formula: see text] emissions, economic development, and energy consumption. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2024; 31:13372-13391. [PMID: 38244158 DOI: 10.1007/s11356-023-31747-3] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 08/26/2023] [Accepted: 12/22/2023] [Indexed: 01/22/2024]
Abstract
The study investigates the complex interplay among [Formula: see text] emissions, energy consumption, and economic growth in China, employing the Environmental Kuznets Curve (EKC) framework to analyze the dynamics from 1990 to 2022. The research contributes to the urgent need for sustainable development by filling important gaps in comprehending China's specific challenges and potential and considering the relationship between economic advancement and environmental quality. This study utilizes advanced econometric tools, including the AutoRegressive Distributed Lag model, Vector Error Correction Model, and AutoRegressive Integrated Moving Average, to comprehensively examine the complicated relationship between variables, considering both short-run and long-run dynamics. The study supports the EKC concept, suggesting that targeted measures can reduce environmental degradation as China's economy advances. Strategic policy recommendations include emission reduction targets, investments in green technologies, and promoting sustainable consumption patterns. Furthermore, transitioning from fossil fuels to cleaner energy aligns with global climate objectives. This research provides valuable insights for policymakers, emphasizing the interconnected nature of energy consumption, [Formula: see text] emissions, and economic growth in shaping China's sustainable future.
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Affiliation(s)
- Mohsin Rasheed
- Department of Management Sciences, Zhengzhou University, Zhengzhou, 450000, Henan, China
| | - Jianhua Liu
- Department of Management Sciences, Zhengzhou University, Zhengzhou, 450000, Henan, China.
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16
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Guan L, Ali Z, Uktamov KF. Exploring the impact of social capital, institutional quality and political stability on environmental sustainability: New insights from NARDL-PMG. Heliyon 2024; 10:e24650. [PMID: 38298635 PMCID: PMC10828675 DOI: 10.1016/j.heliyon.2024.e24650] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Download PDF] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 08/23/2023] [Revised: 12/30/2023] [Accepted: 01/11/2024] [Indexed: 02/02/2024] Open
Abstract
The social aspect of sustainable development is often considered the least strong component, particularly in terms of its analytical and theoretical foundations. Although there has been a recent increase in focus on social sustainability, the relationship between the environmental aspect and social capital is still not well understood. This research seeks to explore initial concepts on frameworks for analyzing the interface between environmental and social capital. However, to demonstrated the core connection of social capital, institutional quality, income and renewable energy consumption with sustainability level (CO2 emissions) in the BRICS economies from 1996 to 2021. Specifically, this study uses advanced techniques such as Non-ARDL, Pooled Mean Group, the Augmented Mean Group and Common Correlated Effect Mean Group. However, under the linear outcomes, social capital, law & order, government stability, political stability and income decline the emissions levels. However, renewable energy consumption shows the positive association with rising emissions in BRICS countries. Interestingly, under the non-linear form, study outcomes describe social capital, and law & order contribute to environmental quality, while government & political stability spur the level of emissions in the long-run. Also, this study provides some core implications to meet the desired sustainability level.
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Affiliation(s)
- Lijie Guan
- School of Economy and Management, Taishan University, Taian 271000, Shandong, China
| | - Zamurd Ali
- Schools of Economics, Bahauddin Zakariya University, Pakistan
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17
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Mngumi F, Huang L, Xiuli G, Ayub B. Financial efficiency and CO 2 emission in BRICS. Dose digital economy development matter? Heliyon 2024; 10:e24321. [PMID: 38304825 PMCID: PMC10830522 DOI: 10.1016/j.heliyon.2024.e24321] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Download PDF] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 05/16/2023] [Revised: 12/17/2023] [Accepted: 01/07/2024] [Indexed: 02/03/2024] Open
Abstract
When it comes to the environmental costs, environmental economists have tried to study the effects of the foreign direct investment-growth nexus, but they have ignored the crucial role that financial development and technical innovation play. Massive increases in energy consumption have contributed to environmental degradation in the BRICS nations, which have experienced rapid IND due to their robust economies. This study uses data from 1990 to 2021 to examine the relationship between carbon emissions in BRICS member nations and factors such as FDI, technological innovation, and economic growth. Within the panel nations, the results confirm a high cross-sectional reliance. The BRICS countries' financial development, technological innovation, and foreign direct investment all have a negative and statistically significant long-run association with CO2 emissions, according to the Augmented Mean Group (AMG) estimator. On the other hand, economic growth, TI, IND, and energy use all have positive and statistically significant associations with carbon emissions. This study's researchers choose to use the Dumitrescu and Hurlin panel causality test to look at the other way around. Economic growth (EG), Digital economic growth (DEG), Financial efficiency (FE), CO2 emissions (CO2), Industrialization (IND), Technological Innovation (TI), Foreign direct investment (FDI) and Inflation are all identified as having a bidirectional long-run causative relationship. In contrast, a unidirectional causal relationship is observed between FDI and CO2 emissions. To entice high-quality FDI, the BRICS member nations must advance their industries, financial institutions, and technological innovation. In addition, these nations need immediate legislative solutions because IND is a major cause of environmental damage.
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Affiliation(s)
- Franley Mngumi
- Business School, University of Shanghai for science and technology, shanghai, 200093, China
| | - Li Huang
- School of Economics and Management, Panzhihua University, Panzhihua City, China
| | - Geng Xiuli
- Industrial Engineering, University of Shanghai for science and technology, 20093, Shanghai, China
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18
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Ayoungman FZ, Shawon AH, Ahmed RR, Khan MK, Islam MS. Exploring the economic impact of institutional entrepreneurship, social Innovation, and poverty reduction on carbon footprint in BRICS countries: what is the role of social enterprise? ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:122791-122807. [PMID: 37975980 DOI: 10.1007/s11356-023-30868-z] [Citation(s) in RCA: 1] [Impact Index Per Article: 1.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 08/23/2023] [Accepted: 10/31/2023] [Indexed: 11/19/2023]
Abstract
The world is facing challenges to reduce carbon emissions, the complex interplay between socioeconomic dynamics and environmental sustainability is of utmost importance. In the context of the BRICS nations-Brazil, Russia, India, China, and South Africa-this study explores the intricate interactions between institutional entrepreneurship, institutional innovation, poverty reduction, social globalization, urbanization, and social entrepreneurship as well as their combined effects on the carbon footprint over the period of 1990 to 2021. This work examines the multi-dimensional interactions inside this nexus using a thorough analytical strategy that includes the Generalized Method of Moments (GMM), Three-Stage Least Squares (3SLS), and Robust regression approaches. Institutional entrepreneurship and innovation are the main forces behind institutional change and may have an impact on how people behave in terms of the environment. Strategies for reducing poverty frequently involve greater resource usage, which has an impact on carbon footprint. Examining social globalization's impact on carbon footprints is necessary given how it affects consumer habits and economic activity. Rapid urbanization is a dual problem because it spurs both increased energy demand and novel sustainability measures. With its emphasis on community-driven solutions, social entrepreneurship can provide regional solutions to reduce poverty and carbon emissions. The study's findings provide policymakers, practitioners, and researchers with insights into the complex web of socio-economic factors that underlies carbon footprint fluctuations. This research paves the way for informed policy decisions, sustainable business practices, and the pursuit of harmonious development that addresses both economic aspirations and environmental imperatives within the BRICS countries by illuminating the connections between institutional entrepreneurship, innovation, poverty reduction, social globalization, urbanization, social entrepreneurship, and carbon emissions.
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Affiliation(s)
| | - Abid Hossain Shawon
- Yunus Social Business Center, School of Business, Zhengzhou University, Zhengzhou, China.
| | | | - Muhammad Kamran Khan
- Management Studies Department, Bahria Business School, Bahria university, Islamabad, Pakistan
| | - Md Shoriful Islam
- Yunus Social Business Center, School of Business, Zhengzhou University, Zhengzhou, China
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19
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Zhang J. Role of green financial assets, financial technology and the green energy on the development of a green economy. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:118588-118600. [PMID: 37914861 DOI: 10.1007/s11356-023-29765-2] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 07/04/2023] [Accepted: 09/04/2023] [Indexed: 11/03/2023]
Abstract
A major issue for governments in the past few decades has been environmental deterioration caused by economic activity. Researchers are increasingly interested in the factors that contribute to environmental deterioration. The study aims to test the role of green bond financing on energy efficiency investment and economic growth. In this investigation, we use the ARDL estimator to investigate the relationships between the financial technology, green bonds, green stock, green supply chain and the development of green energy. The importance of green supply chain, green energy, green bonds and financial technology has been identified as major variables. According to the study's findings, green supply chain, green finance and sustainable economic growth are all essential and positive indicators of a composite assessment of sustainable practices. Green bonds, reducing greenhouse gas emissions and green economic development all play a necessary part in green finance development.
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Affiliation(s)
- Jialong Zhang
- School of Business, Henan University of Science and Technology, Luoyang, 471000, China.
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20
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Ma D, Li L, Zhang J. Building ecological civilization: the importance of promoting green investments by Chinese companies. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:115279-115294. [PMID: 37880401 DOI: 10.1007/s11356-023-30132-4] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 07/25/2023] [Accepted: 09/24/2023] [Indexed: 10/27/2023]
Abstract
The study investigated "Building Ecological Civilization: the Importance of Promoting Green Investments by Chinese Companies" to examine the complex connections between the factors affecting Chinese businesses' ecological performance (EP). An autoregressive distributed lag (ARDL) model is used in the study to analyze the impact of green investments (GI), the policy environment (PE), government support (GS), public awareness and perception (PAP), and technological capability (TC) on companies' earnings per share (EPS). The results show a strong correlation between GI and EP, indicating that businesses' growing use of green initiatives is essential for raising environmental sustainability. The study also shows that PE, TC, and EP have an inverse relationship, indicating the need for more supportive governmental policies and regulations and the effective adoption and implementation of green technologies. The interaction of GS and PAP significantly reduces the ecological impact of green investments, highlighting the significance of citizen involvement and the role of government in advancing ecological civilization. The findings also demonstrated that green investments, policy environments, public perception, and technology influence the ecological performance of businesses. They also demonstrate statistical robustness with low p-values. This information is essential for developing policies that support an ecological civilization, which is necessary for China and globally in light of the current climate crisis.
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Affiliation(s)
- Defang Ma
- School of Management, Capital Normal University, Beijing, 100089, China
| | - Liangwei Li
- School of Management, Capital Normal University, Beijing, 100089, China.
| | - Jingyi Zhang
- School of Artificial Intelligence, Hebei University of Technology, Tianjin, 300130, China
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21
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Yan B, Lyu J. How does an innovative decision-making scheme affect the high-quality economic development driven by green finance and higher education? ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:115721-115733. [PMID: 37889414 DOI: 10.1007/s11356-023-30170-y] [Citation(s) in RCA: 1] [Impact Index Per Article: 1.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 08/14/2023] [Accepted: 09/26/2023] [Indexed: 10/28/2023]
Abstract
This research examines the various elements that contribute to the achievement of high-quality economic development (HQED) in China. Specifically, it explores the influence of several major indices, such as the Green Finance Index, Energy Development Index, Higher Education, Technology Market Environment, and Human Capital. In this study, we utilize a Spatial Durbin Model to examine the interdependencies and spatial linkages between various variables, and their combined impact on China's efforts towards achieving HQED. The Green Finance Index serves as an indicator of a nation's dedication to the implementation of financially sustainable practices and investments that align with environmental objectives. The Energy Development Index assesses the extent to which the energy sector contributes to both economic growth and sustainability. The significance of education and skill development in promoting economic advancement is underscored by Higher Education and Human Capital measures. The Technology Market Environment Index examines the impact of the innovation ecosystem on fostering economic growth. The empirical analysis in our study utilizes extensive data sets collected from 30 provinces and regions throughout China. In this study, we analyze the spatial and temporal interactions of the indices, considering the potential spillover effects from adjacent locations. The findings offer significant contributions to understanding the intricate interconnections among green financing, energy development, education, technology, and human capital, and their combined influence on China's continuous endeavor towards achieving high-quality economic growth. Comprehending the intricate interconnections and spatial dynamics holds paramount importance for policymakers and stakeholders who aspire to foster sustainable, inclusive, and ecologically conscientious economic development in China. The results obtained from this study possess the potential to provide valuable insights for evidence-based policy decisions and strategies aimed at promoting the nation's pursuit of HQED objectives.
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Affiliation(s)
- Bingxu Yan
- School of Education Management, De La Salle University Dasmariñas, 4115, Cavite, Philippines
- Department of Calligraphy, Qufu Normal University, Qufu, 273100, Shandong, China
| | - Jiayu Lyu
- School of Graduate Studies, Lingnan University, Hong Kong, 999077, Hong Kong, China.
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22
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Fu F. Natural resources and financial development: Role of corporate social responsibility on green economic growth in China. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:115111-115124. [PMID: 37880391 DOI: 10.1007/s11356-023-30133-3] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 07/28/2023] [Accepted: 09/24/2023] [Indexed: 10/27/2023]
Abstract
While natural resource and financial growth have been researched extensively, the impact of corporate social responsibility on green economic growth through the incorporation of corporate regulations has received less attention. Empirical conclusions are supported by a balanced panel of data collected annually on resource-rich countries in China between 1992 and 2018. Multiple econometric issues, such as the existence of heterogeneity among the selected countries, can be tackled with the help of the PMG-ARDL method. There is evidence of cointegration between the variables according to the Johansen Fisher Panel Cointegration Test and the Kao Test. The findings of the PMG-ARDL suggest a favorable long-term relationship between resource income and public debt, but a negative short-term relationship. Public debt sustainability in the panel nations is threatened by their over-reliance on total natural resource rents if efficient fiscal and financial administration reforms are neglected. The Vector Error Correction Model (VECM) used in this panel establishes a causal relationship between available resources and the level of state debt. There is empirical data to back up the fiscal curse theory. If regulations are not in place to protect natural resources, they could impede economic development. The financial resource curse may be eased if China adopted more business-friendly regulations. Assuming this condition is met, policy recommendations for sustaining natural resource rent-related gains in economic development may be developed.
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Affiliation(s)
- Feina Fu
- Shaoxing University Yuanpei College, Shaoxing, 312000, Zhejiang, China.
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23
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Sun L. Do entrepreneurship education activities have an impact on entrepreneurial behavior? An application of behavioral entrepreneurial intention. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:115855-115869. [PMID: 37897569 DOI: 10.1007/s11356-023-30015-8] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 07/24/2023] [Accepted: 09/17/2023] [Indexed: 10/30/2023]
Abstract
Many of the world's most prosperous and secure nations owe much of their success to the contributions of their entrepreneurial spirit. Indian youth unemployment is among the worst in the world, posing serious problems for a country with the youngest population. Using the framework of planned behavior theory, this research examines how entrepreneurship courses affect future plans to start a business. We developed a theoretical framework by investigating the effect of college-level entrepreneurial programs on regional prosperity and quality of life. The research offers data from China on the connection between entrepreneurship education and the desire to start a business. The hypotheses indicate the mediating function of entrepreneurial skills in this relationship. If universities and colleges want their students to have an entrepreneurial attitude and launch successful businesses, they need to improve the way they teach entrepreneurship. The impact of entrepreneurship education and an entrepreneurial mentality on the choice to establish a company was studied by academics in the Chinese region from September 2021 to June 2022. The study's overarching goal was to investigate the connections between formal entrepreneurship education, attitudes toward entrepreneurship, the idea of planned behavior, an entrepreneurial mindset, and creative intent. We used an econometrically sound partial least squares structural equation model (PLS-SEM) to do the necessary empirical computations. Education in entrepreneurship, an attitude conducive to starting a firm, the notion of planned behavior, and an entrepreneurial mindset all positively correlate with the choice to do so. The impulse to launch a new venture is highly correlated with a person's level of creativity. These findings make it quite evident that, in order to achieve the dual goals of economic development and poverty reduction, the government must increase spending and advocate for a shift in the way enterprises are organized.
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Affiliation(s)
- Lijun Sun
- School of Business, Zhejiang Wanli University, Ningbo, 315100, China.
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24
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Liu J, Lu S. Does circular economy affect environmental performance? The mediating role of sustainable supply chain management: the case study in China. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:117288-117301. [PMID: 37864702 DOI: 10.1007/s11356-023-30125-3] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 05/25/2023] [Accepted: 09/24/2023] [Indexed: 10/23/2023]
Abstract
Governments and professionals have recently tried to improve public environmental knowledge and laws in order to meet growing environmental concerns. As a result, most nations see corporate environmental initiatives like the circular economy and the green supply chain as important (GSCM) as the best ways to address environmental problems. As a result, this study tries to show how important GSCM and the circular economy are regarding the economy of China's relationship to environmental sustainability. This study uses the partial least square structural equation model (PLS-SEM) on data to obtain trustworthy results from 387 Chinese manufacturing companies. A favorable and statistically significant correlation between GSCM, environmental performance, and the circular economy was revealed using PLS-SEM analysis. To raise environmental standards, eco-friendly methods like buying and designing green items are widely regarded today. Imagine if manufacturing companies adopt green supply chain management, which would improve their economic performance and increase operational effectiveness. The secret to a successful corporation is having successful operations.
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Affiliation(s)
- Jiayu Liu
- School of Business Administration, Liaoning Technical University, Fuxin, 123032, China.
| | - Shinchang Lu
- School of Business Administration, Liaoning Technical University, Fuxin, 123032, China
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25
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Li B, Rahman SU, Afshan S, Amin A, Younas S. Energy consumption and innovation-environmental degradation nexus in BRICS countries: new evidence from NARDL approach using carbon dioxide and nitrous oxide emissions. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:113561-113586. [PMID: 37851255 DOI: 10.1007/s11356-023-29927-2] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 07/12/2023] [Accepted: 09/13/2023] [Indexed: 10/19/2023]
Abstract
The BRICS nations-Brazil, Russia, India, China, and South Africa-have grown significantly in importance over the past few decades, playing a vital role in the development and growth of the global economy. This expansion has not been without cost, either, since these countries' concern over environmental deterioration has risen sharply. Both researchers and decision-makers have focused a lot of attention on the connection between economic growth and ecological sustainability. By using nonlinear autoregressive distributed lag (NARDL) approach, the complex relationships were analyzed between important economic indicators-such as gross domestic product (GDP), ecological innovations (EI), energy consumption (ENC), institutional performance (IP), and trade openness (TOP)-and their effect on carbon emissions and nitrous oxide emissions in the BRICS countries from 1990 to 2021, this study seeks to contribute to this important dialog. Principal component analysis is formed for technological innovations and institutional performance using six (ICT service exports as a percentage of service exports, computer communications as a percentage of commercial service exports, fixed telephone subscriptions per 100 people, internet users as a percentage of the population, number of patent applications, and R&D expenditures as a percentage of GDP) and twelve (government stability, investment profile, socioeconomic conditions, internal conflict, external conflict, military in politics, control of corruption, religious tensions, ethnic tensions, law and order, bureaucracy quality, and democratic accountability) distinct indicators, respectively. The results of nonlinear autoregressive distributed lag estimation show that increase in economic growth would increase carbon dioxide and nitrous oxide emissions. The positive and negative shocks in trade openness have positive and significant impact on carbon dioxide and nitrous oxide emissions in BRICS countries. Furthermore, the positive shock energy consumptions have positive and significant effect on Brazil and India when carbon dioxide and nitrous oxide emissions are used. However, EKC exists in BRICS countries when carbon dioxide and nitrous oxide emissions are used. According to long-term estimation, energy consumption and technological innovations in the BRICS countries show a strong and adverse link with nitrous oxide and a favorable relationship with carbon dioxide emissions. In the long run, environmental indicators are seen to have a major and unfavorable impact in BRICS nations. Finally, it is proposed that BRICS nations can assure environmental sustainability if they support creative activities, enhance their institutions, and support free trade policies.
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Affiliation(s)
- Bing Li
- School of Business and Management, Fujian Business University, Fuzhou, 350012, China.
| | - Saif Ur Rahman
- Faculty of Economics & Commerce, Superior University Lahore, Lahore, Pakistan
| | - Sahar Afshan
- Sunway Business School, Sunway University Malaysia, Subang Jaya, Malaysia
- Adnan Kassar School of Business, Lebanese American University, Beirut, Lebanon
| | - Azka Amin
- School of Economics, Hainan University, Haikou, 570228, Hainan, China
- Institute of Energy Policy and Research, Universiti Tenaga Nasional, Kajang, 43000, Malaysia
- International Business School, Hainan University, Haikou, 570228, Hainan, China
| | - Somia Younas
- Faculty of Economics & Commerce, Superior University Lahore, Lahore, Pakistan
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26
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Ji D, Sibt-E-Ali M, Amin A, Ayub B. The determinants of carbon emissions in Belt and Road Initiative countries: analyzing the interactive role of information and communication technologies. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:103198-103211. [PMID: 37682436 DOI: 10.1007/s11356-023-29719-8] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 06/18/2023] [Accepted: 08/31/2023] [Indexed: 09/09/2023]
Abstract
Belt and Road Initiative (BRI) countries have benefited greatly from the intelligent growth of the green economy made possible by the widespread adoption of internet and mobile phone technologies. In addition, renewable energy consumption endorses sustainable development. Therefore, the purpose of this research is to determine if the use of information and communication technology (ICT) and renewable energy consumption has an effect on sustainable development in BRI countries, while using the augmented mean group (AMG) model, AMG robustness test, and panel Dumitrescu-Hurlin causality test to get robust results. According to the results of the study, the information and communication technology, renewable consumption, human capital, and urbanization reduces the emission of carbon dioxide emission in BRI countries while economic growth enhances the CO2 emission. Therefore, it is recommended that BRI countries increase their inter-regional cooperation in order to boost investment in renewable energy, effectively use the spillover effect of technology and knowledge, and end the resource curse in environmental policy. Based on the results, the authors of this paper propose a number of important steps toward environmental sustainability.
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Affiliation(s)
- Decheng Ji
- School of Finance and Taxation, Zhongnan University of Economics and Law, Wuhan, China
| | | | - Azka Amin
- International Business School, Hainan University, Haikou, 570228, China
- Institute of Energy Policy and Research, Universiti Tenaga Nasional, Kajang, 43000, Malaysia
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27
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Lv Y, Shang Y. Investigation of industry 4.0 technologies mediating effect on the supply chain performance and supply chain management practices. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:106129-106144. [PMID: 37726630 DOI: 10.1007/s11356-023-29550-1] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 05/15/2023] [Accepted: 08/23/2023] [Indexed: 09/21/2023]
Abstract
The aim of the present article purposefully explores how industry 4.0 may alter conventional methods of administration by performance of supply chain. Nowadays, the business activities/processes have been raised and all are directly associated with industrial revolution. Industry 4.0 acts as a go-between for improved supply chain efficiency and more traditional forms of logistics management. Discovering the transformative effects of industry 4.0 on supply chain management by reading on, however, SCM practices, this study considers the questioner-based data from September 2021 to March 2022 for China economy. Interestingly, the findings of structural equation model (SEM) describe the supportive response of revolution (the fourth industrial revolution) to supply chain management in the previously described field. The consequences of this research argue that the supportive role of technological progress in industrial revolution brings efficient supply chain management. Moreover, the performance indicators under the supply chain work well due to significant progress in industry 4.0. In concluding remarks, such types of advanced technologies serve as an intermediate between the management and practices of supply chain. However, the results provide light on the basic principles behind the success. In addition, these technologies make it possible to significantly improve the performance by allowing process unification, mechanization, and automation and introducing innovative analytic capabilities and supply chain operations including procurement, production, and inventory management, and marketing may work together more efficiently. Some of these processes include marketing, inventory management, and procurement. These improvements are attainable through the implementation of innovative scientific capabilities.
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Affiliation(s)
- Yeming Lv
- Business School, Henan University of Science and Technology, Luoyang, 471000, China.
| | - Yuxiao Shang
- Business School, Luoyang Normal University, Luoyang, 471934, China
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28
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Siddik AB, Yong L, Rahman MN. The role of Fintech in circular economy practices to improve sustainability performance: a two-staged SEM-ANN approach. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:107465-107486. [PMID: 36735123 PMCID: PMC9896459 DOI: 10.1007/s11356-023-25576-7] [Citation(s) in RCA: 1] [Impact Index Per Article: 1.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Figures] [Subscribe] [Scholar Register] [Received: 07/19/2022] [Accepted: 01/23/2023] [Indexed: 06/18/2023]
Abstract
Coupling the practice-based view (PBV) of firms with dynamic capabilities theory (DCT), we assess the effect of Fintech adoption (FA) on organizational sustainability performance (SP) through circular economy practices (CEP). Additionally, this research examines the moderating roles of a firm's access to finance (AF) and absorptive capacity (AC) in the interplays between the constructs. Three hundred responses were collected from Bangladeshi manufacturing SMEs using a structured questionnaire. We examined our conceptual model using a two-staged structural equation modeling-artificial neural network (SEM-ANN) approach. The empirical findings unveiled that Fintech adoption significantly drives organizational CEP and SP and that CEP acts as a mediator between the FA and SP linkage. Furthermore, the findings also confirmed the moderating effect of AF on the FA and CEP association and the impact of AC on the CEP and SP association. Hence, this scholarship adds pivotal insights to the extant literature by establishing the roles of multiple mediators and moderators in the interplay of FA and firms' SP. Given the paucity of primary-data-based research, this empirical study addresses the gaps in the Fintech, CE, and sustainability literature and yields crucial implications for theory and practice.
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Affiliation(s)
- Abu Bakkar Siddik
- School of Management, University of Science and Technology of China (USTC), Jinzhai Road, Hefei, 230026 China
| | - Li Yong
- School of Management, University of Science and Technology of China (USTC), Jinzhai Road, Hefei, 230026 China
| | - Md Nafizur Rahman
- Department of Business Administration in Finance & Banking, Bangladesh University of Professionals, Mirpur Cantonment, Dhaka, 1216 Bangladesh
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29
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Tang Z, Zhang X. Public welfare crowdfunding decision-making of environmental nonprofit organizations based on social responsibility. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:99992-100005. [PMID: 37624492 DOI: 10.1007/s11356-023-29114-3] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 05/26/2023] [Accepted: 07/28/2023] [Indexed: 08/26/2023]
Abstract
Sustainable crowdfunding has emerged as a significant factor in the quest for alternative funding streams in recent times. The process has entailed the removal of financial obstacles and intermediaries, facilitating proximity between entrepreneurs' initiatives and fund providers, thereby initiating modifications in conventional investment and profitability criteria. The correlation between corporate social responsibility (CSR) and sustainable business returns is a significant metric that may enhance funding costs. CSR initiatives and crowdfunding possess the potential for mutually beneficial outcomes in terms of fundraising. However, fundraisers encounter obstacles and competition in their efforts to attain their donation objectives. As an illustration, CSR endeavors may provide a chance to raise capital via crowdfunding. Conversely, crowdfunding has the potential to serve as a means of micro-funding various social initiatives that align with a corporation's corporate social responsibility objectives. The present research investigates the correlation between efficacious donation fundraising campaigns in the context of crowdfunding endeavors that hold the possibility of transforming into corporate social responsibility initiatives. The present study investigates the correlation between the initial amount of funds raised on the first day of a fundraising campaign and the target amount of funds sought by the fundraiser, as well as the type of activities involved. The present study utilizes data derived from crowdfunding endeavors in Southeast Asian nations to scrutinize the funds amassed through donations by juxtaposing trends, cultures, and characteristics of fundraisers employing donation-based crowdfunding. The present investigation employs data collected between the period spanning from the beginning of September 2021 to the end of September 2021 in the economies of Southeast Asia, including Singapore, Indonesia, Malaysia, Thailand, and the Philippines. The present investigation utilizes the partial least squares structural equation modeling (PLS-SEM) approach for the estimation of the variables. The findings of the hypothesis indicate that there exists a positive correlation between crowdfunding, environmental nonprofit organizations, organizational profitability, and CSR.
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Affiliation(s)
- Zheqing Tang
- School of Finance and Public Administration, Harbin University of Commerce, Harbin, 150028, China
- School of Information Engineering, Heilongjiang Polytechnic, Harbin, 15000, China
| | - Xiaofeng Zhang
- School of Finance and Public Administration, Harbin University of Commerce, Harbin, 150028, China.
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30
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Yang T, Hu H, Wu Z. Nexus between information and communication technology, social capital, and sustainable development: the leading role of terrorism and financial development. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:101014-101025. [PMID: 37642913 DOI: 10.1007/s11356-023-28925-8] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 05/19/2023] [Accepted: 07/18/2023] [Indexed: 08/31/2023]
Abstract
Even though the existing studies have extensively investigated the impacts of information and communication technology and social capital on sustainable development, the literature overlooks the role of their interaction effect in the level of emissions. To fill this gap in the existing body of ICT-environment literature, this article analyzes the impact of ICT, social capital, terrorism, and income on sustainable development using panel data model for Asian and Middle East countries from 2005 to 2022. The findings show that ICT and education significantly reduce CO2 emissions, while income increases the CO2 emissions. Moreover, innovation, trade, and financial development reduce the CO2 emission from increased ICT. The findings suggest that ICT is an important factor in increasing income and social capital and improving investment in sustainable development. The region's economies have far more serious consequences for internet users than those of Asian countries. Nonetheless, according to the policy recommendations of this study, governments in Asia and the Middle East should invest more in technology and other systems to take advantage of technology and achieve sustainable development.
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Affiliation(s)
- Tan Yang
- Xi'an University of Technology, Xi'an, 710048, China.
| | - HaiQing Hu
- Xi'an University of Technology, Xi'an, 710048, China
| | - ZuGuang Wu
- Xi'an University of Technology, Xi'an, 710048, China
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31
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Chang J, Li B, Chen B, Shen Y, Lv X, Liu J. Does higher education promote sustainable development? Role of green technology and financial performance. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:94890-94903. [PMID: 37542699 DOI: 10.1007/s11356-023-28927-6] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 05/08/2023] [Accepted: 07/18/2023] [Indexed: 08/07/2023]
Abstract
How do digitalizing businesses help them achieve sustainable growth? This research examines the mediating function of green technology innovation in answering this question by defining sustainable development performance in terms of corporations' financial and environmental success. The educational system in China is examined to see how much of an impact it has on eco-innovation, as well as the relationship between green technology and innovation. The IFE test was utilized to determine whether or not the associations between variables such as GDP per capita, urbanization, green technology, higher education, and carbon dioxide emissions will continue to exist between 2004 and 2020 in China. The data for this analysis came from 30 of China's provinces. The findings of both the short-term and long-term CS-ARDL estimations demonstrated a positive link between eco-innovation and GDP per capita, green technology, higher education, and CO2 emissions. On the other hand, a negative correlation was found between urbanization and eco-innovation. The next topic covered in the research was how the effects of green technology might be seen in areas such as GDP per capita, higher education, and carbon dioxide emissions. The findings might provide valuable knowledge that developing economies can use to construct a feasible, sustainable path.
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Affiliation(s)
- Jilin Chang
- School of Foreign Languages, Tianjin University of Technology and Education, Tianjin, 300222, China
| | - Biao Li
- School of Foreign Languages, Tianjin University of Technology and Education, Tianjin, 300222, China.
| | - Bo Chen
- School of Foreign Languages, Tianjin University of Technology and Education, Tianjin, 300222, China
| | - Yifei Shen
- School of Foreign Languages, Tianjin University of Technology and Education, Tianjin, 300222, China
| | - Xinying Lv
- School of Foreign Languages, Tianjin University of Technology and Education, Tianjin, 300222, China
| | - Jing Liu
- School of Art, Tianjin University of Technology and Education, Tianjin, 300222, China
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32
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Jiatong W, Xu Q, Sibt-E-Ali M, Shahzad F, Ayub B. How economic policy uncertainty and geopolitical risk affect environmental pollution: does renewable energy consumption matter? ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:101858-101872. [PMID: 37659024 DOI: 10.1007/s11356-023-29553-y] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 03/21/2023] [Accepted: 08/23/2023] [Indexed: 09/05/2023]
Abstract
Climate change traps heat, affecting various species in previously dry areas. Climate change brought on by emissions of greenhouse gases exacerbates problems such as severe storms, earthquakes, epidemics, and food distribution. The group of developed and developing countries, the world's biggest carbon emitters and most significant economies, is expertly planning to lessen its environmental challenges and contribute to achieving Sustainable Development Goals 7 and 13 set by the United Nations. This study uses the novel econometric methodologies of the dynamic ordinary least square (DOLS) estimator, the augmented mean group (AMG) estimator, and the fully modified ordinary least square (FMOLS) estimate to examine the influence of economic policy uncertainty, renewable energy consumption, geopolitical risk, non-renewable energy consumption, and economic growth on ecological footprint from 2000 to 2021. The results reveal that the variables are co-integrated; REC reduces carbon emissions, EPU, geopolitical risk, and economic growth contribute to increasing carbon emissions, while urbanization improves carbon emission. Finally, the results suggest that the developed and developing economies can progress toward SDGs 7 and 13 by using renewable energy, lowering the geopolitical risk, effectively handling policy uncertainty, and reducing urbanization.
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Affiliation(s)
- Wang Jiatong
- School of International Business in Zhejiang Yuexiu University of Foreign Languages, Shaoxing, China
| | - Qi Xu
- Business School of Zhengzhou University, Zhengzhou, Henan, China.
| | | | - Farrukh Shahzad
- School of Economics and Management, Guangdong University of Petrochemical Technology, Maoming, Guangdong, China
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33
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Sibt-E-Ali M, Weimin Z, Javaid MQ, Khan MK. How natural resources depletion, technological innovation, and globalization impact the environmental degradation in East and South Asian regions. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:87768-87782. [PMID: 37432576 DOI: 10.1007/s11356-023-28677-5] [Citation(s) in RCA: 1] [Impact Index Per Article: 1.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 03/14/2023] [Accepted: 07/04/2023] [Indexed: 07/12/2023]
Abstract
Rapid economic expansion has caused resource depletion, globalization issues, and environmental deterioration. Globalization has highlighted East and South Asian mineral richness. This article investigates the effects of technological innovation (TI), natural resources, globalization, and renewable energy consumption (REC) on environmental deterioration in the East and South Asian region from 1990 to 2021. The cross-sectional autoregressive distributed lag (CS-ARDL) estimator is used to estimate short- and long-run slope parameters and dependencies across countries. The results demonstrate that many natural resources significantly enhance environmental degradation, while globalization, TI, and REC reduce emission levels in East and South Asian economies and that economic growth significantly degrades ecological quality. This research suggests that governments in the East and South Asian region develop suitable policies that promote the efficient use of natural resources via technological advancements. Furthermore, future policies regarding energy consumption, globalization, and economic development should be aligned with the aims of sustainable environmental development.
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Affiliation(s)
| | - Zhu Weimin
- Business School, Zhengzhou University, Zhengzhou, Henan Province, China
| | | | - Muhammad Kamran Khan
- Management Studies Department, Bahria Business School, Bahria University, Islamabad, Pakistan
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34
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Javaid MQ, Ximei K, Irfan M, Sibt-E-Ali M, Shams T. Exploring the nonlinear relationship among financial development, human capital and CO 2 emissions: a comparative study of South and East Asian emerging economies. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:87274-87285. [PMID: 37422559 DOI: 10.1007/s11356-023-28512-x] [Citation(s) in RCA: 1] [Impact Index Per Article: 1.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 05/01/2023] [Accepted: 06/26/2023] [Indexed: 07/10/2023]
Abstract
Despite worldwide commitments to reduce fossil fuel consumption in favour of alternative energies, several countries still rely on carbon-intensive sources to meet their energy demands. The previous studies show inconsistent results on the association between financial development and CO2 emissions. As a result, the impact of financial development, human capital, economic growth and energy efficiency on CO2 emission is evaluated here. Empirical research on a panel of 13 South and East Asian (SEA) nations between 1995 and 2021 using the CS-ARDL. Estimates from the empirical analysis considering energy efficiency, human capital, economic growth and overall energy use yield different findings. Financial development has a negative effect on CO2 emission, while economic growth positively impacts CO2 emission. The data also show that improving human capital and energy efficiency has a positive, though statistically insignificant, impact on CO2 emission. According to the causes and effects analysis, CO2 emission will be influenced by policies that aim to improve financial development, human capital, and energy efficiency, but not vice versa. Policy considerations that can be implemented in light of these findings and sustainable development goals can be accomplished by promoting financial resources and human capital.
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Affiliation(s)
| | - Kong Ximei
- Business School Zhengzhou University, Henan, China.
| | - Muhammad Irfan
- School of Economics, Beijing Technology and Business University, Beijing, 100048, China
- Faculty of Management Sciences, Department of Business Administration, ILMA University, Karachi, 75190, Pakistan
| | | | - Tanzeela Shams
- School of History & Culture, Sichuan University, Chengdu, China
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35
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Xiao Y. Do financial inclusion and environmental regulations affect the green economy? An empirical study with a generalized linear model. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:91324-91343. [PMID: 37479934 DOI: 10.1007/s11356-023-28742-z] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 05/09/2023] [Accepted: 07/07/2023] [Indexed: 07/23/2023]
Abstract
Reducing carbon emissions is an efficient strategy to cope with global warming, which continues to be a frightening element for environmental protection. However, the energy industry is responsible for a lot of pollution in the atmosphere. To promote a low-carbon growth model, it is essential to endorse financial inclusion and environmental regulations. This research uses panel data from 70 nations, covering 1995 to 2021, to examine the interplay between economic growth, human capital, urbanization, trade openness, and environmental regulation as the primary defining element of efficient energy. Several tests have been used to ensure that the data are typically distributed; these include the cross-sectional dependence test, the KMO test, and the Bartlett test. The generalized linear model and Driscoll-Kraay standard errors have also been implemented for interim and final analysis. Results show that low-carbon energy sources are guaranteed for certain economies when financial inclusion and environmental regulation are implemented. Economic development, urbanization, trade openness, and human capital significantly impact green economic recovery. In light of these findings, policymakers are working to increase energy efficiency and boost their citizens' living standards by promoting financial inclusion and environmental regulation like imposing environmental taxes and governmental laws for industries.
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Affiliation(s)
- Yineng Xiao
- The Global Intellectual Property Institute, Nanjing University, Suzhou, 215163, China.
- Advanced Institute of Information Technology, Peking University, Hangzhou, 311200, China.
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36
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Su L, Jia J. New-type urbanization efficiency measurement in Shanghai under the background of industry city integration. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:80224-80233. [PMID: 37291351 DOI: 10.1007/s11356-023-27933-y] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 02/22/2023] [Accepted: 05/22/2023] [Indexed: 06/10/2023]
Abstract
With the development of urbanization, the problem of the disintegrated between industry and city became more prominent, exploring the reasons. The efficiency of new-type industry has been the crucial factor in city-industry integration. This paper constructs the measurement index system of new-type urbanization via DEA-BCC methodology, starting from the quality of urbanization to analyze the efficiency of urbanization. This paper chooses the total energy consumption, general public budget expenditure, and the proportion of employment personnel in the tertiary industry in all urban units as input variables. The total retail sales of consumer goods, urbanization rate, average annual concentration of pm2.5 (popW), and built-up area as output variables. This paper uses DEA method to measure the comprehensive efficiency value, technical efficiency value, and scale efficiency value of new urbanization in Shanghai, and analyzes the influencing factors of urbanization efficiency. The results show the following: (1) The overall level of comprehensive efficiency value, technical efficiency value, and scale efficiency of Shanghai's new-type urbanization are relatively high, especially the technical efficiency basically stays at a high level. The overall trend of scale efficiency and comprehensive efficiency is consistent, and the comprehensive efficiency is greatly influenced by scale efficiency. (2) The technical efficiency of urbanization in Shanghai is close to the optimal, and there is little space for further increasing technological input to improve the comprehensive efficiency of new-type urbanization. The scale efficiency is slightly lower than the technical efficiency, and there is still some space for optimization. (3) In terms of urbanization input indicators, Shanghai's total energy consumption and general public budget input were too much in the early years, which led to the reduction of urbanization efficiency, and the situation has been improved in recent years. In terms of the output index of urbanization, increasing the total retail sales of social consumer goods and the output of built-up area can make the urbanization efficiency of Shanghai reach the optimal efficiency.
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Affiliation(s)
- Lin Su
- School of Business, Shanghai Dian Ji University, Shanghai, 201306, China.
| | - Jingjing Jia
- School of Business, Shanghai Dian Ji University, Shanghai, 201306, China
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37
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Kurita AE, Espuny M, Campos TLR, Kazançoğlu Y, Kandsamy J, de Oliveira OJ. Drivers for circular economy development: making businesses more environmentally friendly. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:79553-79570. [PMID: 37316628 DOI: 10.1007/s11356-023-28048-0] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Grants] [Track Full Text] [Subscribe] [Scholar Register] [Received: 03/04/2023] [Accepted: 05/29/2023] [Indexed: 06/16/2023]
Abstract
Stakeholders have been pressuring companies to develop more environmentally friendly strategic and operational solutions. In this sense, companies are seeking alternatives that reduce the negative impacts of organizational activities, Circular Economy (CE) is one of the solutions with the greatest potential for success. Thus, the goal of this paper is to provide drivers for organizations' transition from a linear to a CE. For this reason, content analysis was used as the scientific method, for being appropriate for the interpretation of qualitative data and the identification, clustering, and systematization of themes in a given field of knowledge. In the case of this work, a set of 30 articles with information related to the implementation and development of CE were analyzed, allowing the identification of 19 key elements of CE. These key elements were then grouped and systematized into four drivers: decision-making; capacity and training; sustainable practices; and green supply chain. Scientifically, this work contributes to the improvement and increase of the block of knowledge about the CE, because the drivers can be used to advance the state of the art and as a starting point for the development of new research. In an applied way, the drivers proposed in this article provide a range of actions for managers to make their companies greener and improve their organizational performance, thus contributing environmentally and socially to the planet.
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Affiliation(s)
- Antonio Eiti Kurita
- Production Department, São Paulo State UniversityUNESPFEG, Av. Ariberto Pereira da Cunha, 333 - Portal das Colinas - Guaratinguetá/SP, Guaratinguetá, CEP 12.516-410, Brazil
| | - Maximilian Espuny
- Production Department, São Paulo State UniversityUNESPFEG, Av. Ariberto Pereira da Cunha, 333 - Portal das Colinas - Guaratinguetá/SP, Guaratinguetá, CEP 12.516-410, Brazil
| | - Thalita Láua Reis Campos
- Production Department, São Paulo State UniversityUNESPFEG, Av. Ariberto Pereira da Cunha, 333 - Portal das Colinas - Guaratinguetá/SP, Guaratinguetá, CEP 12.516-410, Brazil
| | - Yiğit Kazançoğlu
- Dept. of Logistics Management, Faculty of Business, Yasar University, Universite Cad. No.37-39, T-Block, Office No.604 Bornova, Izmir, Turkey
| | - Jayakrishna Kandsamy
- School of Mechanical Engineering, Vellore Institute of Technology, Vellore, Tamil Nadu, 632014, India
| | - Otávio José de Oliveira
- Production Department, São Paulo State UniversityUNESPFEG, Av. Ariberto Pereira da Cunha, 333 - Portal das Colinas - Guaratinguetá/SP, Guaratinguetá, CEP 12.516-410, Brazil.
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38
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Zhang M, Chen Z. Assessing the social sustainability impact on suppliers: the role of global value chains governance strategies. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:83587-83599. [PMID: 37341936 DOI: 10.1007/s11356-023-28103-w] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 03/17/2023] [Accepted: 05/31/2023] [Indexed: 06/22/2023]
Abstract
Stakeholder awareness of social sustainability issues is growing, but few recognize what motivates companies to implement social sustainability in their supply chain management or return on investment in developing countries, where cultural norms might vary widely. We address this question by broadening stakeholder and institutional perspectives to investigate how customers, sustainability culture, management, and external stakeholders influence companies' acceptance of social sustainability in their supply chains. We collected information on 356 apparel and footwear manufacturers from 5 South Asian countries that sell to customers in Western Europe and North America. Our findings highlight the interdependence of organizational and institutional structures and define the boundaries of GVC governance mechanisms within a social sustainability framework. Our research shows that the success of examining social sustainability interventions applied by leading firms or the effects of collaboration-based global value chains depend on the supplier's local institutional framework. Social sustainability organizational practices influence supplier perceptions and responses to key corporate needs in the supplier's country. We demonstrate that GVC governance models are most conducive to suppliers' social sustainability implementation when contextualized with the local institutional needs for social sustainability in the supplier's country.
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Affiliation(s)
- Minglai Zhang
- School of Applied Technology, Jiangsu Ocean University, Lianyungang, 222042, China.
| | - Zhijia Chen
- School of Business and Trade, Nanjing Vocational University of Industry Technology, Nanjing, 210023, China
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39
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Dai T, Yu M. An integration of oil price volatility, green energy consumption, and economic performance: assessing the mediating role of trade. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:68792-68808. [PMID: 37129824 DOI: 10.1007/s11356-023-27073-3] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 03/16/2023] [Accepted: 04/13/2023] [Indexed: 05/03/2023]
Abstract
The economic development of globalized economies is facing severe challenges in the context of a new era. Therefore, the purpose of the study is to assess how crucial factors like oil price fluctuations, renewable energy use, economic growth, the exchange rate, exports, imports, and trade affect the economic performance in the top 25 oil-importing countries using panel data from 2005 to 2021 collected annually. The present investigation employs a method for calculating the stability of associations between variables called AMG estimation. The robustness and reliability of CCEMG and DCCEMG estimates are tested in the present study. Consumption, exports, and trade in renewable energy all had a favorable effect on economic growth. The fluctuation of oil prices, the state of the economy, the currency exchange rate, and imports make things worse. In addition, the findings of the study indicate that the moderate effect of trade with fluctuating oil prices, rising finance, and economic expansion is aided by the current exchange rate. In addition to helping create an appropriate path forward for economic growth, the computed coefficients have policy implications for both the chosen developing economy and the other markets.
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Affiliation(s)
- Ting Dai
- Department of International Business, Jiangxi College of Foreign Studies, Nanchang, 330099, China
| | - Mengchen Yu
- Department of International Business, Jiangxi College of Foreign Studies, Nanchang, 330099, China.
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40
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Zhao M, Duan X. Assessing financial performance through green bond markets and energy reliance in Asian economies. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:70421-70436. [PMID: 37148516 DOI: 10.1007/s11356-023-27173-0] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 03/16/2023] [Accepted: 04/18/2023] [Indexed: 05/08/2023]
Abstract
This article's overarching goal is to learn more about the effects of financial performance on the reliance upon or migration to energy efficiency sources in Asian countries using data envelopment analysis (DEA) and system GMM from 2017 to 2022. The results demonstrated the importance of relying on renewable energy sources when expanding the electricity sector effectively in an Asian environment. This same influence of green bond financing on energy investment during an eco-friendly improving economy is in addition to the proportion of renewable energy demands, power usage to gross domestic product, power manufacturing stretchability, electricity usage stretchability, or the overall impact of renewable energy transformation. The analysis revealed that the organizational climate has implicit implications that advance wage activity and that Asian financial systems drove a 30% point transition in the period studied from traditional power generation manufacturing and use methods toward sustainable energy. With this, we see a dramatic increase in the use of green power. This is largely attributable to the widespread use of green financing in constructing hydroelectric facilities throughout Asia. The theoretical underpinnings and empirical setting of the research are both original. Moreover, the association between green bond issuance and green, sustainable growth in industry and agriculture supports the response theory. Major governmental aspects include modernizing and expanding the finance system, updating national efficiency metrics, and creating a technological long-term infrastructure market. While previous studies have looked into the connections between green finance and economic growth, technological advancements in the energy sector, environmental responsibility, and renewable energy sources, this study is the first to focus on how green finance facilitates the shift to renewable energy in Asia's economies. The study's findings suggest how to manage renewable energy in Asia in a way that could work.
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Affiliation(s)
- Meng Zhao
- School of Economics, Henan Institute of Technology, Xinxiang, 453003, Henan, China.
| | - Xiao Duan
- School of Journalism and Communication, Xinxiang University, Xinxiang, 453003, Henan, China
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41
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Li J. Does Psychological crisis matter for college students: Role of digitalization and employment. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023:10.1007/s11356-023-27094-y. [PMID: 37184797 DOI: 10.1007/s11356-023-27094-y] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Subscribe] [Scholar Register] [Received: 12/07/2022] [Accepted: 04/13/2023] [Indexed: 05/16/2023]
Abstract
This paper aims to describe the psychological crisis's impact on college students in China. The present study has investigated the impact of the usage of digitalization, psychological crisis, employment and age on the college student in China. The study used annual time series data from 2005 to 2020 from provinces in China. This study adopts the Cup-FM test to estimate the long-term association between the variables. The study applied Cup-BC and by-FM estimations to calculate robust and reliable outcomes. The findings show that usage of digitalization and psychological crisis negatively impact college students, whereas employment and age positively impact the college student. Moreover, the result of the interaction term psychological crisis on the usage of digitalization, employment and age has positively impacted college students. The estimated results also provide important policy implications for the China region in designing an appropriate way forward for college students.
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Affiliation(s)
- Juan Li
- Henan Polytechnic, Zhengzhou, 450046, China.
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42
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Wang Y. Ecological risk identification and assessment of land remediation project based on GIS technology. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023:10.1007/s11356-023-27158-z. [PMID: 37148512 DOI: 10.1007/s11356-023-27158-z] [Citation(s) in RCA: 2] [Impact Index Per Article: 2.0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Subscribe] [Scholar Register] [Received: 02/03/2023] [Accepted: 04/17/2023] [Indexed: 05/08/2023]
Abstract
A land remediation project involves the removal of potentially toxic chemicals from a polluted site. Lands abandoned by industry are often contaminated with heavy metals like mercury, lead, chemicals, arsenic, and other toxins like dichlorodiphenyltrichloroethane biphenyls from electronic devices, and volatile organic chemicals (VOCs) from lubricants and chemicals. Risk assessment in environmental settings requires modernized systematic methodologies due to the complexity of today's environmental problems. When people eat, drink, or work in polluted environments, they put their health at risk and may even get cancer. Integrating geospatial information systems (GIS) with pollutant dispersion models makes environmental risk assessment and early warning possible. This research thus presents a GIS-based ecological risk identification and assessment model (GIS-ERIAM) for assessing risk for efficient land rehabilitation. Environmental cleanup sites' catalog information is the source of these details. With satellite imagery, GIS makes it simple to keep an eye on the environment and track the abundance of different types of plants and animals The ecological risk assessment (ERA) model can support recognition and prioritize risk management. By integrating direct and indirect environment interactions, the risk conditions of the whole ecology and its elements have been quantified and demonstrated in the study. The numerical outcomes illustrate that the recommended GIS-ERIAM model improves the performance by 98.9%, risk level prediction by 97.3%, risk classification by 96.4%, and detection of soil degradation ratio of 95.6% compared to other existing methods.
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Affiliation(s)
- Yibo Wang
- School of Land Engineering, Chang'an University, Xi'an, 710064, China.
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43
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Zhang J. Assessing the effect of the improvement of environmental damage compensation legal system and green finance project on the re-establishment of the ecological environment. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:67662-67675. [PMID: 37118386 DOI: 10.1007/s11356-023-26877-7] [Citation(s) in RCA: 2] [Impact Index Per Article: 2.0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Subscribe] [Scholar Register] [Received: 02/16/2023] [Accepted: 04/04/2023] [Indexed: 05/25/2023]
Abstract
What are the relationships among environmental regulations, green finance, and environmental damages in countries? Existing literature supports the impact of green finance or green innovation on environmental quality, but rare studies query the cointegration among other core variables. We thus utilize the yearly data of 25 Chinese provinces from 2003 to 2021 to empirically examine the relationships among access to clean energy and technology, environmental regulation, renewable green investment, subsidy on green energy, and green finance index in environmental damage compensation via an augmented mean group (AMG) and other estimators. However, the current empirical research also investigates the individual linkage of green finance components with explained variables. Overall, this study confirms the existence of cointegration relationships among these variables. Moreover, the results of AMG suggest that access to clean fuels and technology, environmental regulations, and green finance can inversely affect the explained variable in the long term. Furthermore, environmental regulations and renewable green investment positively affect environmental damages, while a separate proxy of green finance also negatively affects explained variables in the selected provinces with better environmental performance. Our empirical findings offer important policy implications for overall emerging economies to promote subsidies, environmental regulations, and green finance to improve environmental damages compensation.
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Affiliation(s)
- Jun Zhang
- College of Criminal Justice, Henan University of Economics and Law, Zhengzhou, 450046, China.
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44
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Li B, Chang J, Guo J, Zhou C, Ren X, Liu J. Do green innovation, I.C.T., and economic complexity matter for sustainable development of B.R.I. economies: moderating role of higher education. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:57833-57849. [PMID: 36971933 DOI: 10.1007/s11356-023-26405-7] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Subscribe] [Scholar Register] [Received: 12/21/2022] [Accepted: 03/07/2023] [Indexed: 05/10/2023]
Abstract
The research intends to enlarge the environmental economics literature by displaying the probable mechanisms between green innovation, higher education, and sustainable development. In the context of a new era, sustainability faces challenging obstacles. Many studies have looked at fundamental factors affecting CO2 emissions, while the impact of green innovation and higher education is essential but mostly ignored. This study looked at 60 Belt and Road Initiative (B.R.I.) economies to see how factors, including green innovation, economic complexity index, I.C.T., and higher education, affect carbon emissions in the presence of sustainable development using annual data from 2000-2020. In order to calculate the persistence of the connection between the factors, this research uses the CS-ARDL. The results' robustness and reliability were examined using PMG estimation. The results indicate that the economic complexity index and urbanization positively impact carbon emission (CO2). Higher education (E.D.U.) has a significant positive impact in the short run and a negative effect in the long run-on carbon emissions. Similarly, information and communication technology (I.C.T.) and green innovation have a negative impact on carbon emission (CO2). Moreover, the results indicate that the moderate effect of green innovation with economic complexity index, information and communication technology, and higher education has a negative impact on carbon emission. The estimated coefficients also provide significant policy implications for the chosen and the other developing markets in designing an adequate route ahead to a sustainable environment.
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Affiliation(s)
- Biao Li
- School of Foreign Languages, Tianjin University of Technology and Education, Tianjin, 300222, China
| | - Jilin Chang
- School of Foreign Languages, Tianjin University of Technology and Education, Tianjin, 300222, China.
| | - Jianxun Guo
- Human Resources Department, Tianjin University of Technology and Education, Tianjin, 300222, China
| | - Chen Zhou
- Educational Management Department, Tianjin University of Technology and Education, Tianjin, 300222, China
| | - Xiaofei Ren
- Educational Management Department, Tianjin University of Technology and Education, Tianjin, 300222, China
| | - Jing Liu
- School of Art, Tianjin University of Technology and Education, Tianjin, 300222, China
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45
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Chen S, Xie G. Assessing the linkage among green finance, technology, and education expenditure: evidence from G7 economies. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:50332-50345. [PMID: 36795206 DOI: 10.1007/s11356-023-25625-1] [Citation(s) in RCA: 1] [Impact Index Per Article: 1.0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Subscribe] [Scholar Register] [Received: 12/02/2022] [Accepted: 01/19/2023] [Indexed: 04/16/2023]
Abstract
The growth of green finance is a multifaceted system, including the interaction of three spheres: the economy, the environment, and the finance sector. Spending on education is a singular intellectual contribution to a society's attempts to achieve sustainability through the application of skills, the provision of consultancies, the delivery of training, and the dissemination of knowledge. University scientists sound the first warnings about environmental problems and help lead the charge toward transdisciplinary technological solutions. Researchers are compelled to look into the environmental crisis because it has become a worldwide concern that needs regular examination. In this research, we examine how the GDP per capita, green financing, health expenditure, educational expenditure, and technology in the G7 economies affect the growth of renewable energy (Canada, Japan, Germany, France, Italy, UK, and the USA). The research makes use of panel data from the year 2000 through the year 2020. Long-term correlations between the variables are estimated using the CC-EMG in this study. The study's trustworthy results were determined using a combination of AMG and MG regression calculations. The research shows that the growth of renewable energy is positively affected by green finance, educational spending, and technology but negatively affected by GDP per capita and health expenditure. The growth of renewable energy is also positively affected by the influence of the term "green financing" on such variables as GDP per capita, health expenditure, educational expenditure, and technological advancement. The estimated outcomes also provide significant policy implications for the chosen and other developing economies in scheming a suitable route to a sustainable environment.
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Affiliation(s)
- Shuyang Chen
- School of Accounting, Guangzhou Huashang College, Guangzhou, 511300, China
| | - Gang Xie
- Investment Department, Zhuhai Zhongkai Hongde Capital Management Partnership, Zhuhai, 519000, China.
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46
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Lin R, Liu X, Liang Y. Assessing the impact of COVID-19 on economic recovery: role of potential regulatory responses and corporate liquidity. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:53977-53996. [PMID: 36869958 PMCID: PMC9985437 DOI: 10.1007/s11356-023-25871-3] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Figures] [Subscribe] [Scholar Register] [Received: 12/13/2022] [Accepted: 02/07/2023] [Indexed: 06/18/2023]
Abstract
We use a variety of organization-level datasets to examine the effectiveness and efficiency of the nations for the coronavirus epidemic. COVID-19 subsidies appear to have saved a significant number of jobs and maintained economic activity during the first wave of the epidemic, according to conclusions drawn from the experiences of EU member countries. General allocation rules may yield near-optimal outcomes in favor of allocation, as firms with high ecological footprints or zombie firms have lower access to government financing than more favorable, commercially owned, and export-inclination firms. Our assumptions show that the pandemic has a considerable negative impact on firm earnings and the percentage of illiquid and non-profitable businesses. Although they are statistically significant, government wage subsidies have a modest impact on corporate losses compared to the magnitude of the economic shock. Larger enterprises, which receive a lesser proportion of the aid, have more room to increase their trade liabilities or liabilities to linked entities. In contrast, according to our estimations, SMEs stand a greater danger of insolvency.
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Affiliation(s)
- Renzao Lin
- School of Finance and Accounting, Fuzhou University of International Studies and Trade, Fuzhou, 350202 China
| | - Xianchang Liu
- School of Economics, Fujian Normal University, Fuzhou, 350117 China
| | - Ying Liang
- College of Management and Economics, Fujian Agriculture and Forestry University, Fuzhou, 350002 China
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47
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Jia Z, Yang X. Assessment of the role of renewable energy financing and information and communication technology in carbon neutrality: evidence from RCEP economies. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:33636-33649. [PMID: 36484937 DOI: 10.1007/s11356-022-24354-1] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 08/25/2022] [Accepted: 11/17/2022] [Indexed: 06/17/2023]
Abstract
Understanding the correlation between the various forms of financing and their propensity to invest in renewable energy (RE) innovation is crucial for its successful financing. We investigate the "path" taken by innovators in the financial sector. The UN Secretary-General announced the Sustainable Energy for All Initiative in 2012 to ensure that all people can access reliable, modern energy services by 2030. Substantial monetary and technological investments at a rate much surpassing historical levels are required to accomplish this goal. This research is aimed at determining if the combination of REF and ICT may help improve environmental quality. Using econometric methods, we examine time series data from RCEP economies from 2000 to 2019. This study describes another determinant of carbon emission: economic growth, tourism, and trade openness. The study employs Cup-FM and Cup-BC tests to check the results of variables in this study. The effect of economic growth, tourism, and trade significantly positively impacts carbon emissions in this model. However, renewable energy finance and ICT adversely impact the carbon emission level. Moreover, the moderate effect of renewable energy finance on information and communication technology, tourism, and trade is found to have a negative impact on carbon emissions. The policy recommendations suggest how a country can minimize carbon emissions.
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Affiliation(s)
- Zhen Jia
- Department of Architectural Engineering, Hebei Vocational University of Industry and Technology, Shijiazhuang, 050091, Hebei, China
| | - Xiaohui Yang
- School of Management, Shijiazhuang Tiedao University, Shijiazhuang, 050043, Hebei, China.
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48
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Sahu A, Agrawal S, Garg CP. Measuring circularity of a manufacturing organization by using sustainable balanced scorecard. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023:10.1007/s11356-023-25896-8. [PMID: 36807851 DOI: 10.1007/s11356-023-25896-8] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Subscribe] [Scholar Register] [Received: 09/30/2022] [Accepted: 02/08/2023] [Indexed: 06/18/2023]
Abstract
In recent years, circular economy has become a matter of great importance because of its ability to contribute toward economic, environmental, and social aspects of the sustainability. The circular economy approaches help in resource conservation by reducing, reusing, and recycling products/parts/components/materials. On the other hand, Industry 4.0 is coupled with emerging technologies, which support the firms in efficient resource utilization. These innovative technologies can transform the present manufacturing organizations by reducing resource extraction, CO2 emissions, environmental damage, and power consumption and improve it into a more sustainable manufacturing organization. Industry 4.0 along with circular economy concepts greatly improves the circularity performance. However, there is no framework found for measuring the circularity performance of the firm. Therefore, the current study aims to develop a framework for measuring performance in terms of circularity percentage. In this work, graph theory and matrix approach are employed for measuring the performance based on a sustainable balanced scorecard such as internal process, learning and growth, customer and financial with environmental and social perspectives. A case of an Indian barrel manufacturing organization is discussed for the illustration of proposed methodology. Based on "circularity index" of the organization and the maximum possible circularity index, the circularity was found to be 5.10%. It indicates that there is a huge potential for the improvement in the circularity of the organization. An in-depth sensitivity analysis and comparison are also performed to validate the findings. There are very few studies on measuring the circularity. The study developed the approach for measuring circularity, which may be utilized by industrialists and practitioners for improving the circularity.
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Affiliation(s)
- Abhishek Sahu
- Department of Mechanical, Production and Industrial Engineering, Delhi Technological University, Delhi, 110042, India.
| | - Saurabh Agrawal
- Delhi School of Management, Delhi Technological University, Delhi, 110042, India
| | - Chandra Prakash Garg
- Department of Operations Management and Quantitative Techniques, Indian Institute of Management Rohtak, Rohtak, 124010, India
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49
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Chang L, Mohsin M, Iqbal W. Assessing the nexus between COVID-19 pandemic-driven economic crisis and economic policy: lesson learned and challenges. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:22145-22158. [PMID: 36282386 PMCID: PMC9593987 DOI: 10.1007/s11356-022-23650-0] [Citation(s) in RCA: 7] [Impact Index Per Article: 7.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 03/31/2022] [Accepted: 08/05/2022] [Indexed: 05/04/2023]
Abstract
This study examines China's budgetary policy during the COVID-19 pandemic as a result of China's insufficient ability to deal with a new crisis when the epidemic struck in March 2020 and as a result of the economic crisis that began in China in March 2020. In order to better comprehend China's economic status during COVID-19, the study relies on secondary data. The fiscal response of emerging market economies like India is less than in advanced economies. However, it is generally considered to be in line with the average for emerging market economies. As a result of the Disaster Management authority imposing a rigorous lockdown, unemployment rose, the trade cycle was interrupted, and manufacturing and service activities were affected. According to the study's findings, China's economic policies, namely its fiscal policy, responded in the years leading up to 2019 by increasing health expenditure, income transfer, welfare payments, subsidies, and reducing short-term unemployment. As a result of the COVID-19 pandemic, China's government has adopted a number of measures to minimize the damage to the economy. This article also focuses on China's numerous budgetary actions with COVID-19.
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Affiliation(s)
- Lei Chang
- School of Economics, PEKING University, Beijing, 100871 China
| | - Muhammad Mohsin
- School of Finance and Economics, Jiangsu University, Zhenjiang, 212013 China
| | - Wasim Iqbal
- Department of Business Administration, ILMA University, Karachi, 75190 Pakistan
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50
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Yan J, Huang T, Xiao Y. Assessing the impact of entrepreneurial education activity on entrepreneurial intention and behavior: role of behavioral entrepreneurial mindset. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:26292-26307. [PMID: 36357759 PMCID: PMC9649397 DOI: 10.1007/s11356-022-23878-w] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Figures] [Subscribe] [Scholar Register] [Received: 07/21/2022] [Accepted: 10/25/2022] [Indexed: 06/16/2023]
Abstract
This study explores the relationship between Entrepreneurship Education (EE) and Entrepreneurial Intentions (EI) using the Theory of Planned Behavior (TPB). From January through May of 2022, students from 10 Chinese institutions were surveyed using an online questionnaire. According to the research, students' EI scores rose significantly after participating in EE. In addition, students in China had a more significant impact on EI regarding factors like perceived feasibility and desirability. This study extends the body of knowledge about the connection between prior exposure and early intervention (EI) by demonstrating the beneficial effects of PE on EI. In addition, the results suggest that girls have lower EI than males, which is good news for gender equality. Lastly, the behavioral entrepreneur attitude has a favorable correlation with EI. Policymakers and university administrators might use the findings to understand better how and when extracurricular activities (EE) improve students' emotional intelligence (EI). A pioneering empirical study in a developing South-Asian setting shows the relevance of EE on EI among students at private universities. According to the study, EE generates EI, and entrepreneurial enthusiasm is crucial.
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Affiliation(s)
- Jingwen Yan
- School of Business and Economics, Universiti Putra Malaysia, Serdang, 43400 Malaysia
| | - Tian Huang
- Faculty of Business, City University of Macao, Macao, 999078 China
| | - Yunxia Xiao
- College of Economic and Management, Chongqing Industry Polytechnic College, Chongqing, 401120 China
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