1
|
Caglar AE, Avci SB, Gökçe N, Destek MA. A sustainable study of competitive industrial performance amidst environmental quality: New insight from novel Fourier perspective. JOURNAL OF ENVIRONMENTAL MANAGEMENT 2024; 366:121843. [PMID: 39003901 DOI: 10.1016/j.jenvman.2024.121843] [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: 05/03/2024] [Revised: 06/30/2024] [Accepted: 07/10/2024] [Indexed: 07/16/2024]
Abstract
This paper uses the novel Fourier Augmented Autoregressive Distributed Lag within the load capacity curve framework to investigate the effects of economic growth, trade openness, renewable energy consumption, and competitive industrial performance on environmental sustainability. The results of the empirical analysis provide evidence that the load capacity curve is valid in Turkiye. Moreover, while trade openness jeopardizes environmental sustainability, renewable energy consumption and industrial competitiveness increase environmental quality. Policymakers should focus intensively on policies that can achieve SDG 9 and industrialization activities. It is essential to give privileges, especially to companies operating in the industrial sector, regarding the transition to renewable energy. Energy efficiency policies that will accelerate the transition to clean energy sources are also an alternative to escape from fossil energy immediately. Environmental factors should be considered when importing intermediate goods used in industry, and these policies should be guaranteed by law as soon as possible.
Collapse
Affiliation(s)
| | | | - Nazlı Gökçe
- Atatürk University, Department of Economics, Turkey
| | - Mehmet Akif Destek
- Department of Economics, Gaziantep University, Turkey; Adnan Kassar School of Business, Lebanese American University, Beirut, 1102-2801, Lebanon; Research Methods Application Center of UNEC, Azerbaijan State University of Economics (UNEC), Baku AZ1001, Azerbaijan; Economics and Business, Western Caspian University, Baku, Azerbaijan
| |
Collapse
|
2
|
Bibi S, Zada H, Awan T, Wong WK, Khan N. Evaluating the moderating role of governance on the relationships between social inclusion, ICT infrastructure, and financial inclusion. Heliyon 2024; 10:e33711. [PMID: 39040300 PMCID: PMC11261844 DOI: 10.1016/j.heliyon.2024.e33711] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Journal Information] [Subscribe] [Scholar Register] [Received: 02/02/2024] [Revised: 06/14/2024] [Accepted: 06/26/2024] [Indexed: 07/24/2024] Open
Abstract
In this paper, we examine the Moderating Role of Governance on the Relationships between social inclusion (SI), Information and communication technology infrastructure (ICT), and financial inclusion (FI) in 46 countries representing a global sample span from 2010 to 2020. We collect the data from the IMF's financial access survey and construct a multidimensional FI index. Based on the FI index, we divide the sample into two sub-samples (med-high level and low-level FI countries). For the empirics, we employed panel-corrected standard errors, fully modified ordinary least squares and dynamic ordinary least squares techniques. We find that SI is negatively related to FI. ICT infrastructure positively influences FI. Further, we find that governance with sound ICT infrastructure and socially inclusive communities enhances FI. The findings of sub-samples are similar to the full sample results except for a promoting effect of SI and governance in the case of med-high financially inclusive economies. Moreover, the Interaction term of governance and ICT infrastructure is insignificant in med-high financially inclusive economies and negatively significant in low financially inclusive economies. Our study reports novel findings which have significant implications for policymakers and financial institutions to effectively develop and implement new policies which strengthen the institutional base, develop digital banking infrastructure, enhance SI to boost up FI and ensure sustainable economic growth.
Collapse
Affiliation(s)
- Sonia Bibi
- International Islamic University, Islamabad, (IIUI), Pakistan
| | - Hassan Zada
- Department of Management Sciences, Shaheed Zulfikar Ali Bhutto Institute of Science and Technology (SZABIST) Islamabad, 44000, Pakistan
| | - Tahira Awan
- International Islamic University, Islamabad, (IIUI), Pakistan
| | - Wing-Keung Wong
- Department of Finance, Fintech & Blockchain Research Center, and Big Data Research Center, Asia University, Taiwan
- Department of Medical Research, China Medical University Hospital, Taiwan
- Department of Economics and Finance, The Hang Seng University of Hong Kong Address: 500, Lioufeng Road, Wufeng, Taichung, Postal code: 41354, Taiwan
| | - Naveed Khan
- International Islamic University, Islamabad, (IIUI), Pakistan
| |
Collapse
|
3
|
Saba CS, Djemo CRT, Ngepah N. The crucial roles of ICT, renewable energy sources, industrialization, and institutional quality in achieving environmental sustainability in BRICS. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2024; 31:35083-35114. [PMID: 38720123 PMCID: PMC11136787 DOI: 10.1007/s11356-024-33479-4] [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: 05/05/2023] [Accepted: 04/23/2024] [Indexed: 05/30/2024]
Abstract
The BRICS countries-Brazil, Russia, India, China, and South Africa-are committed to achieving United Nations Sustainable Development Goal 13, which focuses on mitigating climate change. To attain this goal, it is crucial to emphasize the significance of ICT, renewable energy sources, industrialization, and institutional quality. This study contributes to the literature by examining the potential role of these factors in environmental sustainability in the BRICS economies from 2000 to 2021, utilizing cross-sectional augmented autoregressive distributed lag (CS-ARDL) estimation and other novel econometric techniques. Accordingly, the study suggests that BRICS governments and policymakers prioritize the use of ICT in the industrial and institutional sectors to achieve faster environmental sustainability in the short-run, as per the CS-ARDL results. However, the study advises caution in the long-term as the interaction between ICT and renewable energy sources, industrialization, and institutional quality may not favour environmental quality. Although the renewable energy sources interaction with ICT may not yield immediate progress, strong measures need to be taken to ensure that short-term gains are not nullified. In conclusion, the study highlights the potential of ICT, renewable energy sources, industrialization, and institutional quality in achieving environmental sustainability in the BRICS countries, while recommending cautious measures in the long run to safeguard the progress made.
Collapse
Affiliation(s)
- Charles Shaaba Saba
- School of Economics, College of Business and Economics, University of Johannesburg, Auckland Park Kingsway Campus, PO Box 524, Johannesburg, Auckland Park, South Africa.
| | - Charles Raoul Tchuinkam Djemo
- School of Economics, College of Business and Economics, University of Johannesburg, Auckland Park Kingsway Campus, PO Box 524, Johannesburg, Auckland Park, South Africa
| | - Nicholas Ngepah
- School of Economics, College of Business and Economics, University of Johannesburg, Auckland Park Kingsway Campus, PO Box 524, Johannesburg, Auckland Park, South Africa
| |
Collapse
|
4
|
Liu Y, Fan Y, Fang Y, Liu Y, Hou Y, Wang S. Assessing the impact of incentive coordination effect on the equilibrium of agricultural water usage by China's South-to-North Water Diversion Middle Route Project. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2024; 31:17354-17371. [PMID: 38340296 DOI: 10.1007/s11356-024-32247-8] [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: 11/12/2023] [Accepted: 01/25/2024] [Indexed: 02/12/2024]
Abstract
In recent years, the sustainable development of agricultural water resources has received much attention. The mismatch between agricultural water distribution patterns, land resources, and socioeconomics threatens food production, especially in vast water-scarce plains. Therefore, monitoring agricultural water spatial equilibrium (AWRSE) is necessary. Based on equilibrium theory and information entropy, in this study, the AWRSE evaluation model is constructed from three aspects: agricultural water resources, land resources, and socioeconomics. In addition, the relationship between social factors with cropping pattern as the primary explanatory variable and AWRSE was examined in conjunction with the extended STIRPAT model and applied to the water-receiving area of the Middle Route of South-to-North Water Diversion Project (MR-SNWDP). The results show that compared with the pre-diversion period, the AWRSE of 75% of the water-receiving cities has been significantly improved by the MR-SNWTP water supply. The MK test z value of the overall regional AWRSE has changed from - 0.328 to - 2.65, and the AWRSE development has shifted from not significantly better to significantly better. The cropping pattern shows a positive response to this development, and this effect can be mitigated in the late stage of water transfer; when the proportion of food crop cultivation increases by 1%, the sub-regional AWRSE value will increase by 0.347%. The evaluation model demonstrates a broad range of inclusiveness and application potential; it provides novel insights for examining agroecological, social, and economic stability.
Collapse
Affiliation(s)
- Yi Liu
- State Key Laboratory of Efficient Utilization of Agricultural Water Resources, Beijing, 100083, China
- Wuwei Experimental Station for Efficient Water Use in Agriculture, Ministry of Agriculture and Rural Affairs, Wuwei, 733000, China
- Center for Agricultural Water Research in China, China Agricultural University, Beijing, 100083, China
| | - Yunfei Fan
- State Key Laboratory of Efficient Utilization of Agricultural Water Resources, Beijing, 100083, China
- Wuwei Experimental Station for Efficient Water Use in Agriculture, Ministry of Agriculture and Rural Affairs, Wuwei, 733000, China
- Center for Agricultural Water Research in China, China Agricultural University, Beijing, 100083, China
| | - Yu Fang
- State Key Laboratory of Efficient Utilization of Agricultural Water Resources, Beijing, 100083, China
- Wuwei Experimental Station for Efficient Water Use in Agriculture, Ministry of Agriculture and Rural Affairs, Wuwei, 733000, China
- Center for Agricultural Water Research in China, China Agricultural University, Beijing, 100083, China
| | - Yi Liu
- State Key Laboratory of Efficient Utilization of Agricultural Water Resources, Beijing, 100083, China
- Wuwei Experimental Station for Efficient Water Use in Agriculture, Ministry of Agriculture and Rural Affairs, Wuwei, 733000, China
- Center for Agricultural Water Research in China, China Agricultural University, Beijing, 100083, China
| | - Yu Hou
- State Key Laboratory of Efficient Utilization of Agricultural Water Resources, Beijing, 100083, China
- Wuwei Experimental Station for Efficient Water Use in Agriculture, Ministry of Agriculture and Rural Affairs, Wuwei, 733000, China
- Center for Agricultural Water Research in China, China Agricultural University, Beijing, 100083, China
| | - Sufen Wang
- State Key Laboratory of Efficient Utilization of Agricultural Water Resources, Beijing, 100083, China.
- Wuwei Experimental Station for Efficient Water Use in Agriculture, Ministry of Agriculture and Rural Affairs, Wuwei, 733000, China.
- Center for Agricultural Water Research in China, China Agricultural University, Beijing, 100083, China.
| |
Collapse
|
5
|
Kostakis I. An empirical investigation of the nexus among renewable energy, financial openness, economic growth, and environmental degradation in selected ASEAN economies. JOURNAL OF ENVIRONMENTAL MANAGEMENT 2024; 354:120398. [PMID: 38387356 DOI: 10.1016/j.jenvman.2024.120398] [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: 12/02/2023] [Revised: 01/29/2024] [Accepted: 02/12/2024] [Indexed: 02/24/2024]
Abstract
This study investigates the relationship between economic growth, renewable energy consumption, financial openness, and environmental degradation in selected ASEAN (Association of Southeast Asian Nations) countries (Cambodia, Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam) from 1996 to 2018. We aim to analyze how macroeconomic situation, energy-related factors, and financial determinants contribute to environmental deprivation in selected countries whose growth has recently been substantial. To address this issue, we employ second-generation panel data regression models and quantiles with fixed-effects estimators. Initially, the cointegration analysis supports a long-run association between the variables of our interest. Empirical findings confirm the environmental Kuznets curve hypothesis, but it seems valid only for Singapore. Moreover, results highlight the ecological role of renewable energy for ASEAN countries to achieve Sustainable Development Goals, such as transitioning to a low-carbon economy and reducing air pollution. On the contrary, financial openness is a cause that positively influences CO2 emissions. This research offers practical policy recommendations for many countries, including the ASEAN economies, to attain sustainable development.
Collapse
Affiliation(s)
- Ioannis Kostakis
- Department of Economics and Sustainable Development, School of Environment, Geography and Applied Economics, Harokopio University of Athens, 70 Eleftheriou Venizelou, 176 76 Athens, Greece.
| |
Collapse
|
6
|
Aquilas NA, Ngangnchi FH, Mbella ME. Industrialization and environmental sustainability in Africa: The moderating effects of renewable and non-renewable energy consumption. Heliyon 2024; 10:e25681. [PMID: 38370195 PMCID: PMC10867334 DOI: 10.1016/j.heliyon.2024.e25681] [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: 09/26/2023] [Revised: 01/23/2024] [Accepted: 01/31/2024] [Indexed: 02/20/2024] Open
Abstract
African countries have become interested in economic transformation through revamping their manufacturing sectors. However, the environmental effect of industrialization is an issue of great concern, with the need to maintain a sustainable environment in line with sustainable development goals. This study investigates the effect of industrialization on environmental sustainability in Africa, taking in to consideration the moderation effect of renewable energy and non-renewable energy consumption. Data was collected for 46 African countries from the Global Footprint Network, World Development Indicators of the World Bank and the Food and Agricultural Organization from 2000 to 2022. Robust panel fixed effects regression and generalized least squares methods were used to analyze the data. The empirical results showed that value added in manufacturing has a negative and significant effect on environmental sustainability. However, when interacted with renewable energy consumption, manufacturing exerted a positive effect on load capacity factor, indicating that the environment will be sustainable if manufacturing sector activities are powered by renewable energies. This suggests that renewable energy has the ability to propel industrial growth in Africa while sustaining the environment. The moderating effect of non-renewable energy and manufacturing is positive in the fixed effects regression and negative for the generalized least squares estimates. This suggest that fossil fuel consumption, particularly clean fossil fuels or natural gas can still drive African manufacturing without considerably harming the environment but continual use of it in to the long run will make the environment unsustainable. From the above results, this study recommends that for sustainable industrialization to take place, Africa should grow her manufacturing sector by extending the range of manufactured products from light to heavy manufactures while ensuring that renewable energy remains the major source of industrial energy supply.
Collapse
Affiliation(s)
| | - Forbe Hodu Ngangnchi
- Department of Organizational Sciences, HICM, The University of Bamenda, Cameroon
| | - Mukete Emmanuel Mbella
- Department of Management Science, HTTTC Kumba, University of Buea, South West Region, Cameroon
| |
Collapse
|
7
|
Husain S, Sohag K, Wu Y. The responsiveness of renewable energy production to geopolitical risks, oil market instability and economic policy uncertainty: Evidence from United States. JOURNAL OF ENVIRONMENTAL MANAGEMENT 2024; 350:119647. [PMID: 38035507 DOI: 10.1016/j.jenvman.2023.119647] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Subscribe] [Scholar Register] [Received: 06/25/2023] [Revised: 10/04/2023] [Accepted: 11/16/2023] [Indexed: 12/02/2023]
Abstract
This paper aims to investigate the responsiveness of renewable energy production (REP) to fluctuations in geopolitical risks, oil prices and economic policy uncertainty (EPU). It applies a cross-quantilogram framework to examine monthly data of the US economy for the period of 1986-2022. The findings illustrate the asymmetric effect of historical geopolitical risk (GPRH) on REP under long memory. The findings also hold after different subcategories of GPRH, including geopolitical threats and geopolitical acts, are considered. A positive shock in GPRH has the most decisive positive impact on REP when the policies are driven by both energy security and environmental commitments. A positive shock in GPRH can negatively impact REP when policies are driven by energy security causes only. EPU exerts strong negative effects on REP in bearish and bullish states of the market under medium and long memory across different measures of EPU. Dynamic connectedness analysis applying TVP-VAR method between pairwise variables indicates that net REP is a volatility receiver to the changes in GPRH, its subcomponents, oil prices and different measures of EPU.
Collapse
Affiliation(s)
- Shaiara Husain
- Business School, University of Western Australia, Australia
| | - Kazi Sohag
- Graduate School of Economics and Management, Ural Federal University, Russia
| | - Yanrui Wu
- Business School, University of Western Australia, Australia.
| |
Collapse
|
8
|
Shi C, Murshed M, Alam MM, Ghardallou W, Balsalobre-Lorente D, Khudoykulov K. Can minimizing risk exposures help in inhibiting carbon footprints? The environmental repercussions of international trade and clean energy. JOURNAL OF ENVIRONMENTAL MANAGEMENT 2023; 347:119195. [PMID: 37797519 DOI: 10.1016/j.jenvman.2023.119195] [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: 02/12/2023] [Revised: 08/28/2023] [Accepted: 09/29/2023] [Indexed: 10/07/2023]
Abstract
Since bettering environmental conditions has acquired significant interest globally, discovering factors that may facilitate the establishment of environmental sustainability is currently of foremost importance. Hence, this study considers a sample of 33 members of the Organization for Economic Cooperation and Development and checks whether reducing exposure to different forms of country risks, in the presence of international trade and clean energy consumption, can reduce their respective carbon footprint levels. Utilizing annual data from 2000 to 2018 and employing methods that handle problems related to dependence across cross-sectional units and heterogeneity of slope coefficients, the findings endorse that (a) reducing financial and political risks abate carbon footprints, (b) economic risk exposure does not influence carbon footprints, (c) international trade exerts carbon footprint-boosting effects, and (d) undergoing unclean to clean energy transition curbs carbon footprints. Accordingly, the concerned governments should these findings into account while conceptualizing green environmental policies in the future.
Collapse
Affiliation(s)
- Chengqi Shi
- School of Economics and Management, Shaanxi University of Science & Technology, Xi'an, Shaanxi Province, 710021, China.
| | - Muntasir Murshed
- School of Business and Economics, North South University, Dhaka, 1229, Bangladesh; Department of Journalism, Media and Communications, Daffodil International University, Dhaka, Bangladesh.
| | - Mohammad Mahtab Alam
- Department of Basic Medical Sciences, College of Applied Medical Science, King Khalid University, Abha, 61421, Saudi Arabia.
| | - Wafa Ghardallou
- Department of Accounting, College of Business Administration, Princess Nourah bint Abdulrahman University, P.O. Box 84428, Riyadh, 11671, Saudi Arabia.
| | - Daniel Balsalobre-Lorente
- Department of Applied Economics I, University of Castilla-La Mancha, Spain; Department of Management, Faculty of Economics and Management, Czech University of Life Sciences, Prague, 16500, Prague, Czech Republic.
| | | |
Collapse
|
9
|
Ma X, Yu T, Jiang Q. Does geopolitical risk matter in carbon and crude oil markets from a multi-timescale perspective? JOURNAL OF ENVIRONMENTAL MANAGEMENT 2023; 346:119021. [PMID: 37738719 DOI: 10.1016/j.jenvman.2023.119021] [Citation(s) in RCA: 1] [Impact Index Per Article: 1.0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Subscribe] [Scholar Register] [Received: 04/12/2023] [Revised: 08/30/2023] [Accepted: 09/14/2023] [Indexed: 09/24/2023]
Abstract
The ongoing Russia-Ukraine conflict serves as a prime illustration of geopolitical risk, manifesting implications beyond global energy price surges and regional energy deficits; it also resonates within the carbon trading market. This study delves into the non-linear and asymmetric impacts of geopolitical risk on oil-carbon linkages spanning 2013 to 2022. Commencing with an exploration of dynamic correlations within the carbon and crude oil markets, our findings indicate that market movements in carbon or crude oil are subject not only to their respective historical volatility trends but also to reciprocal influences from the alternate market, highlighting the existence of asymmetric spillovers between the carbon and crude oil markets. Subsequently, a threshold vector error correction model (TVECM) sheds light on the long-term transmission dynamics of geopolitical risk to oil-carbon linkages. It is concluded that the oil-carbon linkages have a limited impact on geopolitical risk and are subject to shocks from geopolitical risk. Finally, the maximum overlap discrete wavelet transform (MODWT) method unveils heterogeneity across temporal scales: in the short term, geopolitical risk fluctuations are influenced by oil-carbon linkages, and in the middle and long run it becomes independent. Such insights furnish investors with an enriched comprehension of the interplay between crude oil and carbon markets amid geopolitical disturbances, while also offering policymakers a foundation upon which to sculpt informed responses to geopolitical risk.
Collapse
Affiliation(s)
- Xuejiao Ma
- School of Economics and Management, Dalian University of Technology, 116024, Dalian, China
| | - Ting Yu
- School of Economics and Management, Dalian University of Technology, 116024, Dalian, China
| | - Qichuan Jiang
- School of Finance, Dongbei University of Finance and Economics, Dalian, China.
| |
Collapse
|
10
|
Jiang J, Zhu S, Gao S, Aslam B, Wang W. Impact of energy and industrial structure on environmental quality and urbanization: evidence from a panel of BRICS countries. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:114183-114200. [PMID: 37853223 DOI: 10.1007/s11356-023-30186-4] [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: 05/02/2023] [Accepted: 09/26/2023] [Indexed: 10/20/2023]
Abstract
Global sustainable development demands boosting renewable energy and optimizing industrial structures. This study employs a panel vector autoregressive (PVAR) model to examine the dynamic relationship between energy structure, industrial structure, environmental quality, and urbanization in the BRICS countries from 1990 to 2021. Energy structure, industrial structure, environmental quality, and urbanization cointegrate empirically. Energy mix optimization and industrial structure upgrades can improve environmental quality. Energy enhancements also supported urbanization. Accelerating industrial change could adversely impact urbanization. The impulse response results demonstrate that expanding renewable energy and tertiary industries such as financial and service boost environmental quality and urbanization. The variance decomposition investigation reveals significant "path dependence" in reducing carbon emissions and increasing urbanization. Finally, based on the findings, policy insights for enhancing environmental quality and fostering urbanization are laid out and disputed, with long-term implications for environmental managers and urban planners.
Collapse
Affiliation(s)
- Jikun Jiang
- School of Management Engineering, Qingdao University of Technology, Qingdao, 266520, China
| | - Shenglai Zhu
- School of Management Engineering, Qingdao University of Technology, Qingdao, 266520, China
| | - Shuning Gao
- School of Management Engineering, Qingdao University of Technology, Qingdao, 266520, China.
| | - Bilal Aslam
- School of Business, Qingdao University, Qingdao, 266071, China
| | - Weihao Wang
- School of Management Engineering, Qingdao University of Technology, Qingdao, 266520, China
| |
Collapse
|
11
|
Chen XH, Tee K, Elnahass M, Ahmed R. Assessing the environmental impacts of renewable energy sources: A case study on air pollution and carbon emissions in China. JOURNAL OF ENVIRONMENTAL MANAGEMENT 2023; 345:118525. [PMID: 37421726 DOI: 10.1016/j.jenvman.2023.118525] [Citation(s) in RCA: 19] [Impact Index Per Article: 19.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 04/25/2023] [Revised: 06/23/2023] [Accepted: 06/25/2023] [Indexed: 07/10/2023]
Abstract
This study investigates the impact of renewable and non-renewable energy sources on carbon emissions in the context of China's 14th Five-Year Plan (2021-2025). The plan emphasises a "Dual-control" strategy of simultaneously setting energy consumption limits and reducing energy intensity for GDP (gross domestic product) in order to meet the targets of the five-year plan. Using a comprehensive dataset of Chinese energy and macroeconomic information spanning from 1990 to 2022, we conduct a Granger causality analysis to explore the relationship between energy sources and the level of air pollution. Our findings reveal a unidirectional link, wherein renewable energy contributes to a reduction in air pollution, while non-renewable energy sources lead to an increase. Despite the government's investment in renewable energy, our results show that China's economy remains heavily reliant on traditional energy sources (e.g., fossil fuels). This research is the first systematic examination of the interplay between energy usage and carbon emissions in the Chinese context. Our findings provide valuable insights for policy and market strategies aimed at promoting carbon neutrality and driving technological advancements in both government and industries.
Collapse
Affiliation(s)
| | | | - Marwa Elnahass
- Newcastle University Business School, Newcastle University, UK.
| | | |
Collapse
|
12
|
Bai T, Qi Y, Li Z, Xu D. Digital economy, industrial transformation and upgrading, and spatial transfer of carbon emissions: The paths for low-carbon transformation of Chinese cities. JOURNAL OF ENVIRONMENTAL MANAGEMENT 2023; 344:118528. [PMID: 37392691 DOI: 10.1016/j.jenvman.2023.118528] [Citation(s) in RCA: 6] [Impact Index Per Article: 6.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 12/31/2022] [Revised: 06/24/2023] [Accepted: 06/25/2023] [Indexed: 07/03/2023]
Abstract
Under the background of increasingly fierce global economic competition and severe climate change, seeking new soft resource input is the key for China to break through the bottleneck of economic transformation. Based on the data from 278 Chinese cities from 2006 to 2019, multi-dimensional empirical tests were conducted to investigate the relationship between digital economy (DE) and spatial transfer of carbon emissions (CE). The results show that DE directly reduced CE. Mechanism analysis shows that DE reduced CE through local industrial transformation and upgrading (ITU). Spatial analysis shows that DE reduced local CE while aggravating neighboring CE. The spatial transfer of CE was attributed to the fact that when DE promoted the local ITU, it induced the transfer of the backward and polluting industries to neighboring regions, resulting in the spatial transfer of CE. Moreover, the spatial transfer effect of CE was maximum at 200 km. However, in recent years, rapid DE development has weakened the spatial transfer effect of CE. The results can provide insights into understanding the carbon refuge effect of industrial transfer in China in the context of DE and facilitate formulating appropriate industrial policies to promote inter-regional carbon reduction synergy. Thus, this study can provide a theoretical reference for achieving the dual-carbon target of China and the green economic recovery of other developing countries.
Collapse
Affiliation(s)
- Tingting Bai
- School of Business Administration, Northeastern University, Shenyang, 110189, China
| | - Yong Qi
- School of Business Administration, Northeastern University, Shenyang, 110189, China.
| | - Zihao Li
- School of Business, Nanjing University of Information Science and Technology, Nanjing, 210044, China
| | - Dong Xu
- State Key Laboratory of Remote Sensing Science, Faculty of Geographical Science, Beijing Normal University, Beijing, 100875, China.
| |
Collapse
|
13
|
Song MJ, Lee HY. How to lead on carbon neutrality through sustainable development: A perspective on renewable energy, Information and Communication Technology (ICT), and logistics networks. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:103776-103787. [PMID: 37695486 DOI: 10.1007/s11356-023-29725-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: 05/02/2023] [Accepted: 09/01/2023] [Indexed: 09/12/2023]
Abstract
In the face of intensifying climate change-induced environmental problems, understanding the causal relationship between carbon dioxide (CO2) emissions and socioeconomic factors is crucial for achieving sustainable development. This study investigates how the causal relationships between renewable energy, information and communication technology (ICT), logistics networks, economic growth, industrialization, and energy intensity impact sustainable development using a panel dataset drawn from 104 countries and covering 2006 to 2019. Methodologically, panel unit root, panel co-integration, and Granger causality tests are employed as robust econometric techniques. The results of the panel unit root and co-integration tests confirm the stationarity of the variables and reveal significant long-term relationships among them throughout the empirical analysis period. Notably, the panel FMOLS and DOLS estimates indicate a positive effect of RE and ICT on reducing CO2 emissions, whereas GDP and energy intensity have a negative impact on CO2 emissions reduction. Moreover, the pairwise Granger causality test findings indicate bidirectional causal relationships between RE and CO2, IND and CO2, ICT and RE, IND and RE, GDP and ICT, as well as IND and ICT. The study recommends providing policy support, including for technological development and innovation, towards establishing a system that fosters sustainable development.
Collapse
Affiliation(s)
- Min-Ju Song
- Department of International Economics and Business, Yeungnam University, 280 Daehak-Ro, Gyeongsan, 38541, Gyeongbuk, Korea
| | - Hee-Yong Lee
- Department of International Economics and Business, Yeungnam University, 280 Daehak-Ro, Gyeongsan, 38541, Gyeongbuk, Korea.
| |
Collapse
|
14
|
Djedaiet A. Does environmental quality react asymmetrically to unemployment and inflation rates? African OPEC countries' perspective. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:102418-102427. [PMID: 37665444 DOI: 10.1007/s11356-023-29621-3] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Subscribe] [Scholar Register] [Received: 05/17/2023] [Accepted: 08/27/2023] [Indexed: 09/05/2023]
Abstract
Environmental degradation, inflation, and unemployment are unquestionably among the current global issues. However, there has not been an in-depth investigation of how unemployment and inflation rates affect environmental quality, particularly when considering the asymmetric scenario in oil-producing countries. This gap in the literature motivated this study to investigate how the environment (proxied by CO2 emissions) reacts to asymmetric shocks in inflation and unemployment rates using the panel NARDL model methodology. This study also examines whether the environmental Phillips curve (EPC) hypothesis holds true in the context of African OPEC countries over the period 1990 to 2019. The study presents three interesting findings. First, CO2 emissions are adversely associated with unemployment and inflation rates, meaning that protecting a healthy environment would have to come at the expense of two undesirable outcomes: losing employment and a decline in purchasing power. Second, the asymmetry analysis demonstrates that both negative unemployment and positive inflation shocks have a larger effect on CO2 emissions than the opposite scenario. Finally, long-term evidence exists to support the presence of the EPC in these countries.
Collapse
Affiliation(s)
- Aissa Djedaiet
- Department of Economics, Djilali Bounaama University, Khemis Miliana, Algeria.
| |
Collapse
|
15
|
Arvas MA, Demirtas C, Yildirim ES, Ilikkan Ozgur M. Does Economic Policy Uncertainty Cause Environmental Pollution? Fresh Evidence From Developed Countries. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:107921-107937. [PMID: 37743449 DOI: 10.1007/s11356-023-29715-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: 05/03/2023] [Accepted: 08/31/2023] [Indexed: 09/26/2023]
Abstract
The industrial revolution has dramatically altered the environment and ecosystem. So many scholars have empirically attempted to reveal the most influential anthropogenic factors on environmental degradation. For this purpose, this study examines the leading determinants of CO2 emissions in the context of economic policy uncertainty (EPU) for 14 developed countries within the framework of the extended stochastic impacts by regression on population, affluence and technology (STIRPAT) environmental model from 1997-2018. For empirical modeling, CO2 emission is treated as the dependent variable, which is a strong proxy for environmental degradation. In addition to the GDP per capita, population density, and energy intensity (a proxy for technology), the basic model is extended to include variables such as EPU, renewable energy, trade openness, globalization, and information and communications technology (ICT) index. While the estimation results by the dynamic conditional correlation (DCC) estimator, which are also supported by robustness analysis, suggest that GDP per capita and energy intensity are the main contributors to emission levels, population density has no significant impact on CO2. Furthermore, while renewable energy (in model 2), trade openness (in model 4), and globalization (in model 6) have negative impacts on CO2 emission, technology (in models 5 and 6) and EPU (in model 6) make marginal contributions to CO2.
Collapse
Affiliation(s)
| | - Cuma Demirtas
- Aksaray Vocational School of Social Sciences, Aksaray University, Aksaray, Turkey.
| | - Esra Soyu Yildirim
- Aksaray Vocational School of Social Sciences, Aksaray University, Aksaray, Turkey
| | - Munise Ilikkan Ozgur
- Faculty of Economics and Administrative Sciences, Aksaray University, Aksaray, Turkey
| |
Collapse
|
16
|
Yusuf MS, Musibau HO, Dirie KA, Shittu WO. Role of trade liberalization, industrialisation and energy use on carbon dioxide emissions in Australia: 1990 to 2018. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023:10.1007/s11356-023-27825-1. [PMID: 37286841 DOI: 10.1007/s11356-023-27825-1] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Subscribe] [Scholar Register] [Received: 08/25/2022] [Accepted: 05/18/2023] [Indexed: 06/09/2023]
Abstract
Australia is one of the largest nations in the globe in terms of land area and is home to numerous animals alongside unique and unusual climates and immense forests and oceans. Despite having a very tiny population, the nation is an extremely valuable ecological territory. Unfortunately, due to several changes in land use, habitat loss and deterioration-particularly in light of the recent severe bush fires exacerbated by climate change-the environmental issues in Australia have got the attention of many academics. Therefore, this paper seeks to assess the association between Australia's energy use, [Formula: see text] emission, trade liberalization, industrialization and economic growth from 1990 to 2018. An autoregressive distributed lag and a vector error correction model (VECM) are employed to take care of possible endogeneity and the long-run association. Our results demonstrated that economic growth and energy use have positive and statistically significant effects on emissions of [Formula: see text], but trade liberalization has a significantly adverse influence on emissions of [Formula: see text] both in the long and short term. Granger test in VECM uncovered single-direction Granger interrelationships among trade liberalization and industrialization, as well as among industrialization and carbon dioxide. When attempting to implement effective energy policies, Australian policymakers should first take into account the prominent role played by energy usage and trade liberalization in promoting economic development and impeding environmental health.
Collapse
Affiliation(s)
- Mohamud Said Yusuf
- School of Islamic Business Studies, Universiti Utara Malaysia, Changlun, Malaysia
| | - Hammed Oluwaseyi Musibau
- Department of Economics, University of Tasmania, Tasmania, Australia.
- University of Economics, Ho Chi Minh City, Vietnam.
| | - Khadar Ahmed Dirie
- School of Islamic Business Studies, Universiti Utara Malaysia, Changlun, Malaysia
| | - Waliu Olawale Shittu
- School of Accounting, Finance and Economics (SAFE), The University of Waikato, Hamilton, New Zealand
| |
Collapse
|
17
|
Dong Q, Huo D, Wang K. Risk measurement and application of the international carbon market in the era of global conflict: A data-driven study using FCM. JOURNAL OF ENVIRONMENTAL MANAGEMENT 2023; 342:118251. [PMID: 37295151 DOI: 10.1016/j.jenvman.2023.118251] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Subscribe] [Scholar Register] [Received: 03/26/2023] [Revised: 05/21/2023] [Accepted: 05/22/2023] [Indexed: 06/12/2023]
Abstract
The accurate measurement and effective estimation of carbon market risk are crucial for practitioners and policymakers to mobilize resources toward the transition to a climate-resilient economy, particularly in a new era of global conflict. However, existing studies that have explored factors contributing to carbon market risk primarily relied on experience or subjective judgment in selecting risk-related factors. Such approaches undermine the estimation accuracy while making it difficult to ascertain causal inferences related to the risk spillover. To fill the gap, we adopted a data-driven factor analysis strategy by introducing the Fuzzy Cognitive Maps (FCM) model to establish a carbon market network and identify risk-related factors. We then evaluate the carbon market's risk level and spillover effects using combined econometric methods and explore their application in portfolio management. We report three main findings. First, based on our sample of 3217 observations between 2008 and 2022, five factors influencing carbon market risk emerged from the FCM, including OIL, COAL, SP500ENERGY, SPCLEANENERGY, and GPR. Second, we find a notable rise in risk spillover from GPR to EUA during the Russia-Ukraine conflict and an escalation of total cross-market spillover during extreme events. Third, our study presents new evidence on the hedging effect for EUA of the SP500ENERGY before the Russia-Ukraine conflict and of the SPCLEANENERGY during the conflict. Finally, implications are discussed for policymakers and investors.
Collapse
Affiliation(s)
- Qingli Dong
- School of Economics and Management, Dalian University of Technology, Dalian, China
| | - Da Huo
- School of Economics and Management, Dalian University of Technology, Dalian, China.
| | - Kaiyao Wang
- School of Economics and Management, Dalian University of Technology, Dalian, China
| |
Collapse
|
18
|
Simionescu M, Radulescu M, Balsalobre-Lorente D, Cifuentes-Faura J. Pollution, political instabilities and electricity price in the cee countries during the war time. JOURNAL OF ENVIRONMENTAL MANAGEMENT 2023; 343:118206. [PMID: 37229863 DOI: 10.1016/j.jenvman.2023.118206] [Citation(s) in RCA: 3] [Impact Index Per Article: 3.0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Subscribe] [Scholar Register] [Received: 03/09/2023] [Revised: 05/16/2023] [Accepted: 05/17/2023] [Indexed: 05/27/2023]
Abstract
Pollution, war and energy crisis are the CEE countries' most important global actual issues. Therefore, this study aims to investigate the impact of political stability and electricity price in 11 CEE countries in the period 2007-2021 to anticipate the effect of these factors on pollution in times of political and energy crisis. The common results based on DOLS/FMOLS and CCEMG estimations indicate that political stability enhances CO2 emissions, while higher electricity prices for non-household consumers reduce pollution. An inverted-U pattern was observed in the relationship between growth and pollution, while renewable energy consumption is the most powerful tool to reduce CO2 emissions. These results are the starting point for policy recommendations.
Collapse
Affiliation(s)
- Mihaela Simionescu
- Faculty of Business and Administration, University of Bucharest, Institute for Economic Forecasting, Romanian Academy, Romania.
| | | | | | | |
Collapse
|
19
|
Chu LK, Doğan B, Ghosh S, Shahbaz M. The influence of shadow economy, environmental policies and geopolitical risk on renewable energy: A comparison of high- and middle-income countries. JOURNAL OF ENVIRONMENTAL MANAGEMENT 2023; 342:118122. [PMID: 37209647 DOI: 10.1016/j.jenvman.2023.118122] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Subscribe] [Scholar Register] [Received: 03/05/2023] [Revised: 04/29/2023] [Accepted: 05/06/2023] [Indexed: 05/22/2023]
Abstract
Given the alarming rate of climate change and environmental degradation, major countries are seeking ways to curtail environmental damage and attain sustainability in the future. In the quest for a green economy, countries are motivated to adopt renewable energy that can assist in resource conservation and efficiency. Accordingly, this study examines the diverse effects of the underground economy, environmental policy strictness, geopolitical risk, gross domestic product, carbon emissions, population, and oil prices on renewable energy for 30 high- and middle-income countries from 1990 to 2018. The empirical outcomes based on quantile regression document significant variations across two country groups. For instance, for high-income countries, the shadow economy has a detrimental effect across all quantiles but it is statistically significant at the top quantiles. Nonetheless, the effect of the shadow economy on renewable energy is detrimental and significant statistically across all quantiles for middle-income countries. In the context of environmental policy stringency, the effect is positive across both country groups, though there is heterogeneity in outcomes. Geopolitical risk has a positive influence on the deployment of renewable energy for high-income countries but negatively impacts renewables for middle-income countries. As far as policy suggestions are concerned, the policymakers of both high- and middle-income countries need to take steps to constrain the growth of the shadow economy by adopting effective policy strategies. Policies need to be implemented for middle income-countries to reduce the unfavorable effect of geopolitical uncertainty. The findings of this study contribute to a better and more precise understanding of factors shaping the role of renewables whereby the energy crisis would be mitigated.
Collapse
Affiliation(s)
| | | | | | - Muhammad Shahbaz
- Department of International Trade and Finance, School of Management and Economics, Beijing Institute of Technology, Beijing, China; Center for Sustainable Energy and Economic Development, Gulf University for Science and Technology, Hawally, Kuwait; Department of Land Economy, University of Cambridge, Cambridge, CB2 1TN, UK.
| |
Collapse
|
20
|
Acaroğlu H, Kartal HM, García Márquez FP. Testing the environmental Kuznets curve hypothesis in terms of ecological footprint and CO 2 emissions through energy diversification for Turkey. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:63289-63304. [PMID: 36961642 PMCID: PMC10167114 DOI: 10.1007/s11356-023-26278-w] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Subscribe] [Scholar Register] [Received: 10/03/2022] [Accepted: 02/28/2023] [Indexed: 05/10/2023]
Abstract
This research work analyzes the relationship between environmental degradation, economic growth, trade openness, primary energy consumption, coal consumption, and hydroelectricity consumption in Turkey from 1971 to 2015 using the autoregressive distributed lag (ARDL) time series approach through the hypothesis of the environmental Kuznets curve (EKC). Carbon dioxide (CO2) emissions and ecological footprint are both used as indicators of environmental degradation, which employs six different models. According to the results found in this study, while trade openness increases CO2 emissions, it decreases ecological footprint in the long-run. Coal consumption raises both CO2 emissions and ecological footprint. While hydroelectric energy reduces CO2 emissions, it has no effect on the environment. The results demonstrate that the EKC hypothesis is correct for both CO2 emissions and Turkey's ecological footprint. The threshold points are investigated as $18,704, $16,361, and $13,571 in models, where CO2 emissions are the dependent variable. In models where the ecological footprint is the dependent variable, the investigated threshold points of $11,824, $11,821, and $15,476 are higher than the gross domestic product (GDP) per capita during the analysis periods. Furthermore, the findings highlight the importance of renewable energy use in reducing environmental degradation and coal use in increasing environmental degradation. These findings can shed light on the importance of transition to renewable energy sources (i.e., hydroelectricity consumption), from fossil fuels (i.e., coal consumption), related to future planning in energy diversification for Turkey.
Collapse
Affiliation(s)
- Hakan Acaroğlu
- Department of Economics, Faculty of Economics and Administrative Sciences, Eskisehir Osmangazi University, 26480, Eskisehir, Turkey
| | - Hatice Melissa Kartal
- Institute of Social Sciences, Department of Economics, Yildiz Technical University, Istanbul, Turkey
| | | |
Collapse
|
21
|
Dou S, Zhu Y, Xu D, Amuakwa-Mensah F. Ecological challenges in the economic recovery of resource-depleted cities in China. JOURNAL OF ENVIRONMENTAL MANAGEMENT 2023; 333:117406. [PMID: 36764175 DOI: 10.1016/j.jenvman.2023.117406] [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: 09/25/2022] [Revised: 12/21/2022] [Accepted: 01/27/2023] [Indexed: 06/18/2023]
Abstract
The depletion of resource reserves will cause stagnation of socio-economic development in resource-based cities. The formation of new sources of economic growth in resource-depleted cities can profoundly change the structure of human activities and affect the environment. The Chinese government has established a list of resource-depleted cities in three batches since 2008 to support these cities in finding new sources of economic growth. The article analyzes the impact of the regeneration process of resource-based cities on ecosystem quality. The paper constructs an inter-city panel dataset covering 281 cities from 2003 to 2018. The article valued the habitat quality of Chinese cities. Habitat quality index and normalized vegetation index were used to measure the long-term and short-term ecological impacts of economic recovery in resource-based cities. Using a difference-in-difference technique, the results show that the central government's economic support for resource-based cities significantly improves the condition of urban ecosystems. However, the long-term ecological effects are still smaller than the short-term changes in ecosystems. The transmission path of support policies affecting the ecological quality of cities depends on the shift in industrial structure and economic scale at the provincial level. In addition, urban-rural differences, regional distribution, and resource endowment also significantly affect the ecological effects of supportive policies.
Collapse
Affiliation(s)
- Shiquan Dou
- School of Economics and Management, China University of Geosciences, Wuhan, 430074, People's Republic of China
| | - Yongguang Zhu
- School of Economics and Management, China University of Geosciences, Wuhan, 430074, People's Republic of China
| | - Deyi Xu
- School of Economics and Management, China University of Geosciences, Wuhan, 430074, People's Republic of China.
| | - Franklin Amuakwa-Mensah
- Environment for Development Initiative, University of Gothenburg, Box 645, Gothenburg, SE, 405 30, Sweden; Department of Social Sciences, Technology and Arts, Luleå University of Technology, Luleå, 971 87, Sweden
| |
Collapse
|
22
|
Nguyen CP, Nguyen ND, Wongchoti J. A look beyond climate risk exposure: the impact of incapacity to cope with natural hazards on financial development. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:58058-58076. [PMID: 36976467 DOI: 10.1007/s11356-023-26621-1] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Grants] [Track Full Text] [Subscribe] [Scholar Register] [Received: 02/01/2023] [Accepted: 03/20/2023] [Indexed: 05/10/2023]
Abstract
We provide a comprehensive cross-country analysis on the impact of national incapacity to cope with natural hazards (i.e., social shocks, political stability, health care, infrastructure, and material security needed to reduce the harmful effects of natural disasters) on financial development. The panel quantile regression analyses on a global sample of 130 countries generally confirm that the financial development of countries with lower capacity to cope is indeed significantly hampered compared to their peers, especially in countries with low financial development levels. Seemingly unrelated regression (SUR) analyses, which acknowledge the dynamic co-existence between both financial institutions and financial market sectors in a given economy simultaneously, offer notable finer details. For example, the handicapping effect on both sectors tends to apply to only countries with higher climate risks. Lack of coping capacity also exert negative effects on the development of financial institutions in countries of all levels of income but only affect financial markets of high-income group. The more detailed look into different dimensions (financial efficiency, financial access, and financial depth) of financial development is also given in our study. Overall, our findings highlight the vital and complex role of "coping capacity" aspect of climate risk on the sustainable development of financial sectors.
Collapse
Affiliation(s)
- Canh Phuc Nguyen
- School of Public Finance, College of Economics, Law and Government, University of Economics Ho Chi Minh City, 59C Nguyen Dinh Chieu, District 3, Ho Chi Minh City, 700000, Vietnam.
- Health and Agricultural Policy Research Institute, College of Economics, Law and Government, University of Economics Ho Chi Minh City, Ho Chi Minh City, 700000, Vietnam.
| | - Nguyen Duc Nguyen
- UEH-International School of Business, University of Economics Ho Chi Minh City, Ho Chi Minh City, Vietnam
| | - Jeff Wongchoti
- School of Economics and Finance, Massey University, Palmerston North, New Zealand
| |
Collapse
|
23
|
Luo L, Ma Y, Zhou Q. The impact and transmission mechanism of green credit policy on energy efficiency: new evidence from China. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:56879-56892. [PMID: 36929255 DOI: 10.1007/s11356-023-26376-9] [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: 12/13/2022] [Accepted: 03/07/2023] [Indexed: 06/18/2023]
Abstract
Green credit policy is the primary means for financial institutions to fulfill their environmental responsibilities. It is an issue worthy of attention whether green credit policy can achieve the effect of energy conservation, efficiency improvement, pollution reduction, and carbon reduction. This study uses the difference-in-difference method to test the impact of green credit policy on energy efficiency. The results show that green credit policy led to a significant decrease in energy intensity of green credit-restricted sectors while impeding the advancement of green total factor energy efficiency. The heterogeneity results show that the energy efficiency of large-scale, light textile manufacturing, resource processing industries, and clean industries are more significantly affected. Green credit policy can achieve energy conservation and has a linkage effect on pollution and carbon reduction. Although the constraint effect of green credit policy has effectively suppressed energy intensity, it also leads some industries to face a vicious cycle of "enhanced financing constraints-weakened innovation impetus," which in turn makes it challenging to improve green total factor energy efficiency. The above findings confirm the effectiveness of green credit policy in energy conservation and emission reduction. Also, they indicate the necessity of further improvement of the green financial policy system.
Collapse
Affiliation(s)
- Liangwen Luo
- School of Economics, Zhongnan University of Economics and Law, Wuhan, Hubei, China
| | - Yanqin Ma
- School of Economics, Zhongnan University of Economics and Law, Wuhan, Hubei, China.
| | - Qian Zhou
- School of Economics, Zhongnan University of Economics and Law, Wuhan, Hubei, China
| |
Collapse
|
24
|
Zhang J, Cheng C, Feng Y. The heterogeneous drivers of CO 2 emissions in China's two major economic belts: new evidence from spatio-temporal analysis. ENVIRONMENT, DEVELOPMENT AND SUSTAINABILITY 2023:1-27. [PMID: 37363018 PMCID: PMC10043523 DOI: 10.1007/s10668-023-03169-1] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Grants] [Track Full Text] [Figures] [Subscribe] [Scholar Register] [Received: 05/10/2022] [Accepted: 03/14/2023] [Indexed: 06/28/2023]
Abstract
CO2 emissions have become increasingly prominent in China, and the primary emitters are economic belts that are spread throughout China. Two major economic belts, i.e., the Yangtze River Economic Belt (YTREB) and the Yellow River Economic Belt (YREB). Combined with stochastic impacts by regression on population, affluence and technology model, the spatial Durbin model under the space-and-time fixed effect and the Geographical and Time-Weighted Regression are employed to explore the spatio-temporal distribution characteristics and heterogeneous drivers of CO2 emissions in the two economic belts. The results are as follows. First, CO2 emissions exhibit obvious spatial correlation features in the YREB, but no such obvious spatial correlation is found in the YRETB. Second, in the YREB, the magnitude of the total influencing factors on CO2 emissions follows an order where affluence (A) is the biggest driver, followed by energy intensity (EI), technology (TEC) and openness (OP), while the biggest driver in the YRETB is industrial structure supererogation (ISS), followed by population (P), energy intensity (EI), and affluence (A). Both direct and spatial spillover effects of the drivers are observed in the two economic belts. Third, the CO2 emissions show a notable temporal lag effect in the YREB, but not in the YRETB. Fourth, the effects of the CO2 emission drivers illustrate significant spatio-temporal heterogeneity in the two economic belts.
Collapse
Affiliation(s)
- Jingxue Zhang
- Business School, Zhengzhou University, No. 100 Kexue Avenue, High-Tech Development District, Zhengzhou City, 450001 Henan Province People’s Republic of China
| | - Chuan Cheng
- Business School, Zhengzhou University, No. 100 Kexue Avenue, High-Tech Development District, Zhengzhou City, 450001 Henan Province People’s Republic of China
| | - Yanchao Feng
- Business School, Zhengzhou University, No. 100 Kexue Avenue, High-Tech Development District, Zhengzhou City, 450001 Henan Province People’s Republic of China
| |
Collapse
|
25
|
Saleem H, Khan MB, Mahdavian SM. The role of economic growth, information technologies, and globalization in achieving environmental quality: a novel framework for selected Asian countries. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:39907-39931. [PMID: 36602742 DOI: 10.1007/s11356-022-24700-3] [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: 06/15/2022] [Accepted: 12/06/2022] [Indexed: 06/17/2023]
Abstract
This study examines the impact of information and communication technologies (ICT), GDP growth, population, and globalization on the environmental quality of 31 Asian economies (i.e., categorized as lower middle-income, upper middle-income, and high-income groups Asian economies). This analysis employed the time series data from 1990 to 2018. The robust second-generation econometric technologies are used in this analysis. This study applied the Environmental Kuznets curve (EKC) premises under the extended "STIRPAT model" to add population and GDP (per capita) and information technologies (ICTs) by employing ecological footprint. To estimate, the estimators of this study used the CS-ARDL estimates, and for robustness check, this study used the augmented mean group (AMG) test. The co-integration test found the long-run association between ecological footprint and its main determinants. The results of CS-ARDL have confirmed the imperative role of information technologies in mitigating the ecological footprint in the higher, upper-middle, and lower-middle-income economies of Asian economies. The statistical findings of this study are robust to diagnostic tests and alternative estimation proxies and techniques. Moreover, policymakers need to identify the direction of the information technology-ecological footprint nexus through cooperation in combating climate change with financial assistance in the ICT sector.
Collapse
Affiliation(s)
- Hummera Saleem
- Department of Economics, National University of Modern Languages (NUML), Islamabad, Pakistan.
| | - Muhammad Bilal Khan
- Kohat University of Science and Technology (KUST) Kohat, Kohat, KPK, Pakistan
| | | |
Collapse
|
26
|
Ul-Durar S, Awan U, Varma A, Memon S, Mention AL. Integrating knowledge management and orientation dynamics for organization transition from eco-innovation to circular economy. JOURNAL OF KNOWLEDGE MANAGEMENT 2023. [DOI: 10.1108/jkm-05-2022-0424] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 02/17/2023]
Abstract
Purpose
This study focuses on establishing relations with some important but underestimated elements of knowledge dynamics and firm orientations to characterize organizational circular economy activities through eco-innovation (EIN). The advent of the circular economy (CE) in this post-pandemic era has brought unpredictable sustainable challenges for the manufacturing industries. This research paper aims to bring more clarity to the extant literature on the relationship between environmental innovation (EI) and CE.
Design/methodology/approach
In this study, a systematic literature review methodology was used to research the determinants of EI in the knowledge environment that drives the implementation of a CE.
Findings
This paper proposes a framework that articulates organizational learning and orientation dynamics and offers a new set of internal knowledge resources for a corporate CE. It is found that change toward CE requires connection with EI. However, successful CE growth largely depends on leveraging knowledge resources and orientation dynamics (stakeholder orientation, sustainability orientation, organization learning orientation and entrepreneurial orientation). CE techniques are still in their early phases of adoption and their implementation is still in its development. Circular knowledge economy (CKE) has the potential to be a useful alternative to achieving thriving CE to achieve sustainability in local and global businesses operations.
Practical implications
This study helps companies to understand the organizational learning and different orientation dynamics for achieving CE principles. The research findings imply that EI is critical in establishing a sustainable transition toward CE through organizational learning and orientation dynamics and has garnered significant attention from academics, public policymakers and practitioners. The proposed framework can guide managers to develop sustainable policies related to the CE. This research recognizes that firm-level CKE is important in shaping how knowledge resources relate to CE within transition management literature.
Originality/value
This paper abridges the knowledge gap in identifying key drivers and presents the current eminence, challenges and prognostications of sustainable EI parameters in the changing climate of CE. This study builds a framework that combines insights from different viewpoints and disciplines and extends one’s understanding of the relationship between EI and CE. From a theoretical perspective, this study explains the knowledge management complexity links between EI and CE. It builds a theoretical bridge between EI and CE to illustrate how firms transition toward CE following the recommendations. Thus, researchers should continue to support their research with appropriate theories that have the potential to explain EI and CE relationship phenomena, with a particular emphasis on some promising but underutilized theories such as organizational learning, dynamic capabilities and stakeholder theories.
Collapse
|
27
|
Ahmed M, Song H, Ali H, Shuai C, Abbas K, Ahmed M. Investigating global surface temperature from the perspectives of environmental, demographic, and economic indicators: current status and future temperature trend. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:22787-22807. [PMID: 36307566 DOI: 10.1007/s11356-022-23590-9] [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: 05/09/2022] [Accepted: 10/08/2022] [Indexed: 06/16/2023]
Abstract
Anthropogenic activities have increased atmospheric concentrations of greenhouse gas emissions, which have observably increased global temperature. Recognizing it as one of the most critical issues caused by human activities, this study investigates the effects of environmental, demographic, and economic indicators on global and regional temperature. For this purpose, advanced and powerful machine learning techniques, such as ANN, CNN, SVM, and LSTM, are employed using the data from 1980 to 2018 of the aforementioned regions to predict and forecast global and regional temperatures in Africa, Asia, Europe, North America, and South America. First, the predicted results were found very close to the actual surface temperature, confirming that environmental, economic, and demographic indicators are critical drivers of climate change. Second, this study forecasted global temperature from 2023 to 2050 and regional temperature from 2022 to 2050. The results also predicted a considerable increase in global temperature and regional temperature in the forthcoming years. Particularly, Asia and Africa may experience extreme weather in the future with an increase of more than 1.6 °C. Based on the findings of this study, the major implications have been that maintaining greenhouse gas emissions, balancing economic development, urbanization, and environmental quality while reducing fossil fuel energy consumption will ensure climate mitigation. The findings demand an alteration in human behavior regarding fossil fuel energy consumption to control greenhouse gas emissions, which is the most significant contributor to climate change.
Collapse
Affiliation(s)
- Mansoor Ahmed
- School of Economics and Management, China University of Geosciences, Wuhan, China
| | - Huiling Song
- College of Distance Learning and Continuing Education, China University of Geosciences, Wuhan, China
| | - Hussain Ali
- School of Economics and Management, China University of Geosciences, Wuhan, China
| | - Chuanmin Shuai
- School of Economics and Management, China University of Geosciences, Wuhan, China.
| | - Khizar Abbas
- School of Economics and Management, China University of Geosciences, Wuhan, China
| | - Maqsood Ahmed
- School of Geography and Information Engineering, China University of Geosciences, Wuhan, China
| |
Collapse
|
28
|
Zhang D, Chen XH, Lau CKM, Cai Y. The causal relationship between green finance and geopolitical risk: Implications for environmental management. JOURNAL OF ENVIRONMENTAL MANAGEMENT 2023; 327:116949. [PMID: 36509015 DOI: 10.1016/j.jenvman.2022.116949] [Citation(s) in RCA: 23] [Impact Index Per Article: 23.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 11/08/2022] [Revised: 11/27/2022] [Accepted: 11/28/2022] [Indexed: 06/17/2023]
Abstract
This study investigates the time-varying causal relationship between geopolitical risk and green finance during the period of 1 March 2012-February 16, 2022. By using the novel time-varying causality testing framework, our findings shed light on the nexus between geopolitical risk and green finance in informing environmental management decisions. First, we find that time heterogeneity does exist in the causal relations between geopolitical risk and green finance. Second, geopolitical risk has a more prolonged impact on the volatility of green bonds and renewable energy than the return. Yet, geopolitical risk tends to influence the return of clean energy more persistently than volatility. Third, we observe that geopolitical risk has a more sustained impact on the return and volatility of renewable energy than clean energy. This might be due to the distinct nature of the production of clean energy and renewable energy, thereby providing implications for effective environmental management. Lastly, this paper demonstrates that the impact of geopolitical risk on the return of European clean energy has diminished since the onset of 2015. The volatility of the European clean energy sector is not affected by global geopolitical risk, underscoring the necessity of promoting the development of this sector to reduce the dependence on fossil fuels and enhance energy independence.
Collapse
Affiliation(s)
- Dongna Zhang
- Department of Accounting and Financial Management, Newcastle Business School, Northumbria University, Newcastle Upon Tyne, UK.
| | - Xihui Haviour Chen
- Corresponding Author. Edinburgh Business School, The Centre for Social and Economic Data Analytics (CSEDA), Heriot-Watt University, Edinburgh, UK.
| | - Chi Keung Marco Lau
- Department of Economics and Finance, The Hang Seng University of Hong Kong, Hong Kong, China.
| | - Yifei Cai
- Teesside University International Business School, Teesside University, Middlesbrough, UK.
| |
Collapse
|
29
|
Wang Q, Zhang F, Li R. Revisiting the environmental kuznets curve hypothesis in 208 counties: The roles of trade openness, human capital, renewable energy and natural resource rent. ENVIRONMENTAL RESEARCH 2023; 216:114637. [PMID: 36283438 DOI: 10.1016/j.envres.2022.114637] [Citation(s) in RCA: 69] [Impact Index Per Article: 69.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 08/16/2022] [Revised: 10/13/2022] [Accepted: 10/20/2022] [Indexed: 06/16/2023]
Abstract
Achieving carbon neutral requires a comprehensive understanding of the effect of different key factors on carbon emissions. To this end, this study investigates the effect of trade openness, human capital, renewable energy and natural resource rent on carbon emissions within the framework of the environmental Kuznets curve (EKC) hypothesis. Second-generation econometric tests, Generalized Method of Moments and Fully Modified Ordinary Least Squares estimator were developed based on the aggregated dataset of 208 countries from 1990 to 2018. The results show that (i) the EKC hypothesis is validated when the effects of trade openness, human capital, renewable energy consumption, and natural resource rents are considered. The relationship between income level and carbon emissions shows an "inverted U-shaped" curve at the global level. Besides, the real GDP per capita corresponding to the EKC turning point is 19,203$. (ii) Renewable energy consumption and human capital have heterogeneous effects on carbon emissions in before- and after-EKC turning points. Specifically, renewable energy consumption has a better emission reduction effect for countries before the EKC turning point, with effects of -0.4334 and -0.1598, respectively; human capital has a better emission reduction effect for countries after the EKC turning point, with effects of -0.6311 and -0.3398, respectively.(iii) the mitigation effect of trade openness on carbon emissions is only effective in countries with weak decoupling after EKC turning points, with a mitigating effect of -0.0615. However, natural resource rents increase carbon emissions in most countries.
Collapse
Affiliation(s)
- Qiang Wang
- School of Economics and Management, Xinjiang University, Wulumuqi, Xinjiang, 830046, China; School of Economics and Management, China University of Petroleum (East China), Qingdao, 266580, China.
| | - Fuyu Zhang
- School of Economics and Management, China University of Petroleum (East China), Qingdao, 266580, China
| | - Rongrong Li
- School of Economics and Management, Xinjiang University, Wulumuqi, Xinjiang, 830046, China; School of Economics and Management, China University of Petroleum (East China), Qingdao, 266580, China.
| |
Collapse
|
30
|
Siddique HMA. Industrialization, energy consumption, and environmental pollution: evidence from South Asia. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:4094-4102. [PMID: 35963967 DOI: 10.1007/s11356-022-22317-0] [Citation(s) in RCA: 4] [Impact Index Per Article: 4.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 12/16/2021] [Accepted: 07/27/2022] [Indexed: 06/15/2023]
Abstract
This study has been carried out to analyze the contribution of industrialization and energy consumption by keeping the role of urbanization on environmental pollution for South Asia. The study used Augmented Mean Group (AMG), Common Correlated Effects Mean Group (CCEMG) analysis, Westerlund co-integration test, and Dumitrescu-Hurlin causality test for the panel of South Asia covering the period 1984-2016. To measure the status of environmental pollution, CO2 is taken as a proxy indicator, and industrialization is measured by the industrial value-added. The results of AMG demonstrate that industrialization and energy consumption are significant indicators of environmental pollution and these empirical findings are also confirmed by the CCEMG model. The long-run co-integration between industrialization, energy use, urbanization, capital, and environmental pollution is also confirmed by the Westerlund co-integration test. The findings of the Dumitrescu-Hurlin causality test also confirmed the bidirectional causality between industrialization and pollution. A unidirectional causality is observed from energy consumption to pollution. The study suggests formulating policies for energy-efficient technologies in the industrial sector and the high-speed pattern of urbanization.
Collapse
|
31
|
Yin T. The diversity of energy consumption structure, energy efficiency and carbon emissions: Evidence from Shaanxi, China. PLoS One 2023; 18:e0285738. [PMID: 37195982 DOI: 10.1371/journal.pone.0285738] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Track Full Text] [Journal Information] [Subscribe] [Scholar Register] [Received: 08/22/2022] [Accepted: 05/02/2023] [Indexed: 05/19/2023] Open
Abstract
As a major energy sources province in China, Shaanxi Province ranks top three in terms of raw coal production in China and undertakes the important task of ensuring national energy supply and security. Affected by the endowment of energy resources, fossil energy accounts for a large proportion of the energy consumption structure in Shaanxi Province, and it will face huge challenges under the severe carbon emission situation in future. In order to analyze the relationship between energy consumption structure, energy efficiency and carbon emissions, the paper introduces the concept of biodiversity into the energy industry. Taking Shaanxi Province as an example, the paper calculates the energy consumption structure diversity index and analyzes the impact of energy consumption structure diversity on energy efficiency and carbon emissions in Shaanxi Province. The results shows that the diversity index and equilibrium index of energy consumption structure in Shaanxi exhibits a slow upward trend in general. In most years, energy consumption structure diversity index in Shaanxi is higher than 0.8, and the equilibrium index is higher than 0.6. The carbon emissions of energy consumption in Shaanxi generally show increasing trend, and the carbon emissions have increased from 5,064.6 tons to 21899.67 tons from 2000 to 2020. The paper also shows that Shaanxi H index is negatively correlated with total factor energy utilization efficiency in Shaanxi, and positively correlated with carbon emissions in Shaanxi. The main reason is the internal substitution of fossil energy, and the proportion of primary electricity and other energy sources is still relatively low, which leads to a higher level of carbon emissions.
Collapse
Affiliation(s)
- Tengfei Yin
- School of Management, Xi'an University of Finance and Economics, Xi'an, China
| |
Collapse
|
32
|
Liu M, Ma H. Untangling the effects of the Belt and Road Initiative on carbon dioxide emissions. JOURNAL OF ENVIRONMENTAL MANAGEMENT 2023; 325:116628. [PMID: 36323125 DOI: 10.1016/j.jenvman.2022.116628] [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: 06/22/2022] [Revised: 10/12/2022] [Accepted: 10/23/2022] [Indexed: 06/16/2023]
Abstract
The Belt and Road Initiative (BRI), which was first put forward by China in late 2013, has made a significant contribution to international economic activities and inevitably reshaped the pattern of carbon dioxide (CO2) emissions. Considering the spatial spillover effects of CO2 emissions among countries, this paper employs spatial difference-in-differences models in order to investigate the BRI's effects on total CO2 emissions (TCE), per capita CO2 emissions (PCE), and CO2 emissions intensity (CEI), respectively. The results of global Moran's I index prove the existence of spatial correlations of CO2 emissions. The BRI's effect on TCE is significantly positive, while the effects on PCE and CEI are significantly negative, suggesting the BRI has aggravated the amount of CO2 emissions in the partner countries, but has promoted green development by decreasing PCE and CEI. Besides, the spatial effects of control variables on CO2 emissions are also evaluated. Some tests, including placebo test and employing alternative weight matrices, are further conducted to verify the robustness of the model. The findings indicate the BRI has facilitated green economic growth, by eventually achieving emission reduction targets in the partner countries.
Collapse
Affiliation(s)
- Menghang Liu
- Key Laboratory of Regional Sustainable Development Modeling, Institute of Geographic Sciences and Natural Resources Research, Chinese Academy of Sciences, Beijing 100101, China; University of Chinese Academy of Sciences, Beijing, 100049, China.
| | - Haitao Ma
- Key Laboratory of Regional Sustainable Development Modeling, Institute of Geographic Sciences and Natural Resources Research, Chinese Academy of Sciences, Beijing 100101, China; University of Chinese Academy of Sciences, Beijing, 100049, China.
| |
Collapse
|
33
|
Akan T. Investigating renewable energy-climate change nexus by aggregate or sectoral renewable energy use? ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:2042-2060. [PMID: 35925465 DOI: 10.1007/s11356-022-22201-x] [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: 04/04/2022] [Accepted: 07/21/2022] [Indexed: 06/15/2023]
Abstract
Investigating the effect of renewable energy on the drivers of climate change correctly is significant as it is the basic source of climate change mitigation. In the extant literature, its effect on climate change has been estimated predominantly by regressing aggregate rather than sectoral renewable energy use either on aggregate greenhouse gas emissions or the components of greenhouse gases (GHGs) like carbon dioxide emissions. Against this backdrop, the paper investigates if we should estimate the nexus (i) by the causal effects running from aggregate or sectoral renewable energy use to GHG emissions and (ii) by the causal effects running from renewable energy consumption to aggregate GHG emissions or to its components like carbon dioxide (CO2) emissions. To this end, the paper introduces negative and positive (functional) complementarity between sectoral renewable energy consumptions in reducing or increasing GHG emissions, takes 20 OECD countries from 1990 to 2019, and uses augmented and non-augmented auto-regressive distributed lag approach and vector error correction mechanism. The study finds substantial differences among the results coming out of (i) regressing aggregate and sectoral renewable energy consumption on GHG emissions and (ii) regressing renewable energy consumption on aggregate GHG emissions and on CO2 emissions. The paper suggests regressing sectoral rather than aggregate renewable energy consumption on the components of aggregate GHG emissions like CO2 emissions rather than on aggregate GHG emissions to produce workable, specific, and conclusive policy alternatives.
Collapse
Affiliation(s)
- Taner Akan
- Department of Economics, Faculty of Economics, Istanbul University, Beyazıt, Istanbul, 34452, Turkey.
| |
Collapse
|
34
|
Amin N, Song H, Farrukh MU. Does sectoral modernization promote CO 2 emissions? Dynamic panel analysis of selected Asian countries. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2022; 29:83612-83623. [PMID: 35767171 DOI: 10.1007/s11356-022-21618-8] [Citation(s) in RCA: 1] [Impact Index Per Article: 0.5] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 01/28/2022] [Accepted: 06/18/2022] [Indexed: 06/15/2023]
Abstract
Modernization refers to the general process of progress within human societies. As a result of carbon dioxide emissions, global warming poses a significant threat to human sustainability. Therefore, the scientific community must thoroughly research the impact of modernization on CO2 emissions. Surprisingly, just a few pieces of research have previously examined this subject. Asian economies are regarded as laggards in achieving the Sustainable Development Goals (SDGs), with environmental degradation being one of the key issues confronting these countries. This study used panel data regression to investigate the association between sectoral modernization and CO2 emissions in South Asia. None of the existing studies has observed the sectoral modernization and CO2 emission nexus in the region of South Asia. Therefore, this study bridges the research gap in the current literature. This study found that social sector transformation, energy sector, and services sector modernization have negative associations with CO2 emissions in South Asia. However, both the agricultural sector and industrial sector modernization are positively associated with CO2 emissions in South Asia. The empirical results from several models suggest that sectorial modernization has a significant and strong association with environmental sustainability. Access to a green and eco-friendly economy can increase modernization among different sectors of the economy to produce pro-environment products and society. Also, we found that FDI and trade policies influence the economies to follow environment-friendly economic practices.
Collapse
Affiliation(s)
- Nabila Amin
- School of Economics and Management, Nanjing University of Science and Technology, Nanjing, 210094, People's Republic of China.
| | - Huaming Song
- School of Economics and Management, Nanjing University of Science and Technology, Nanjing, 210094, People's Republic of China
| | | |
Collapse
|
35
|
Esily RR, Ibrahiem DM, Sameh R, Houssam N. Assessing environmental concern and its association with carbon trade balances in N11 Do financial development and urban growth matter? JOURNAL OF ENVIRONMENTAL MANAGEMENT 2022; 320:115869. [PMID: 35961142 DOI: 10.1016/j.jenvman.2022.115869] [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: 04/23/2022] [Revised: 06/29/2022] [Accepted: 07/23/2022] [Indexed: 06/15/2023]
Abstract
Expanding of complex global supply chains enhances the role of global trade in the deterioration of the environment by production redeployment across nations, which is tightly connected to emission transmission or the carbon trade balance. Although much earlier studies have assessed the link between emissions of carbon dioxide (CO2) and their influenced variables in the past few years, no substantial attention is available in the literature review concerning the influence of carbon trade balance on the environment in N11 economies. Therefore, via economic progress, renewable/fossil energies consumption, financial development, and urbanization growth as control variables, the influence of the carbon trade balance on emissions of CO2 in N11 countries is explored from 1990 to 2020. The Co-integration and causality relationships using Panel PMG ARDL and Granger causality techniques are investigated to reach our goal. All of the variables investigated degrade the environment in the long run, whereas renewables alleviate CO2. As a result, carbon emission countries' regulators should step up their efforts to support green energy subsidies and carbon taxes, as well as, when supply chains outsource emission-intensive production units to partner nations, they should encourage positive externalities of innovative green technologies.
Collapse
Affiliation(s)
- Rehab R Esily
- Faculty of Commerce, Damietta University, Damietta, 22052, Egypt; School of Economics and Management, Beijing University of Technology, Beijing, 100022, China.
| | - Dalia M Ibrahiem
- Faculty of Economics and Political Science, Cairo University, Giza, 12613, Egypt.
| | - Rasha Sameh
- Faculty of Economics and Political Science, Cairo University, Giza, 12613, Egypt.
| | - Nourhane Houssam
- Faculty of Economics and Political Science, Cairo University, Giza, 12613, Egypt; National Center for Social and Criminological Research, Giza, 11561, Egypt.
| |
Collapse
|
36
|
Cunha JEF, Bravo JVM. Effects of environmental protection policies on fragile areas of a watershed occupied by agriculture in the Brazilian Cerrado. JOURNAL OF ENVIRONMENTAL MANAGEMENT 2022; 319:115695. [PMID: 35863302 DOI: 10.1016/j.jenvman.2022.115695] [Citation(s) in RCA: 1] [Impact Index Per Article: 0.5] [Reference Citation Analysis] [Abstract] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 11/23/2021] [Revised: 07/04/2022] [Accepted: 07/05/2022] [Indexed: 06/15/2023]
Abstract
Brazil has become an antagonist in natural resource conservation policies in recent years. The Brazilian Cerrado is one of the biomes most affected by this setback due to the occupation of areas of economic interest in agriculture. Interestingly, there are projects throughout the biome that aim to encourage the preservation of natural resources, but there is uncertainty about whether these incentives have provided conservation. That is the case of the Feio River hydrographic basin, located in the Cerrado, near the city of Patrocínio, state of Minas Gerais. Indeed, the Feio River watershed has projects incentivizing the Cerrado's conservation. Thus, in this article, we aimed to explain how the advance of agriculture in fragile areas of the Feio river watershed occurs, their causes and whether protection strategies have produced satisfactory results. We used an old Environmental Fragility proposal methodwith our contributions to estimate the variations regarding nature conservation in the basin. Our findings show considerable heterogeneity in the potential fragility of the Feio's river basin. We observe that less fragile sites are used for coffee cultivation (74 and 72% of the two places), while more fragile sites are occupied by reserves (around 50% of the area) and high-impact activities such as traditional monoculture and cattle ranching (25 and 44% for the two sites). Temporally, we observed little change in use and occupation, with a slight increase in no-till farming to replace coffee and conventional cultivation. The permanent preservation areas in the basin have improved vegetation quality, while the reserve areas composed of fields show a degradation process. Considering the importance of the Feio's river basin, different incentives and inspection strategies are needed to guarantee the site's preservation and environmental restoration.
Collapse
Affiliation(s)
| | - João Vitor M Bravo
- Institute of Geography, Postgraduate Program in Agriculture and Geospatial Information, Federal University of Uberlândia, Brazil
| |
Collapse
|
37
|
Guo L, Kuang H, Ni Z. A step towards green economic policy framework: role of renewable energy and climate risk for green economic recovery. ECONOMIC CHANGE AND RESTRUCTURING 2022. [PMCID: PMC9463659 DOI: 10.1007/s10644-022-09437-w] [Citation(s) in RCA: 1] [Impact Index Per Article: 0.5] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Subscribe] [Scholar Register] [Received: 06/04/2022] [Accepted: 08/16/2022] [Indexed: 09/30/2023]
Abstract
According to the World Bank, energy efficiency is a critical facilitator of most Sustainable Development Goals. Its contribution to CO2 emission reduction is astounding. Environmentalists have recently emphasized the essential need to determine energy efficiency causes. This research broadens the debate's horizons by proposing additional possible energy efficiency factors using data from the Chinese economy. From 1990 to 2020, we examined the influence of investment in renewable energy resources, financial inclusion, industrial production, and trade openness on China's energy efficiency and climate risk. Additionally, this study is added to the literature by examining the causal relationships between variables while considering the temporal dimension. The findings indicate that industrial production, financial inclusion, public R&D on renewable energy, and trade openness contribute significantly to China's energy efficiency and climate risk. All other factors, except industrial production, are positively associated with energy efficiency. The path of causality is established from energy efficiency and climate risk to financial inclusion, industrial production, renewable energy, public research and development budgets, and trade openness. According to the findings, changes in energy performance have frequency-changing impacts on all variables. Policymakers believe that the financial system must be strengthened since this will significantly influence renewable energy.
Collapse
Affiliation(s)
- Lifang Guo
- School of Finance, Fujian Jiangxia University, Fuzhou, 350108 Fujian China
| | - Hewu Kuang
- School of Insurance, Guangdong University of Finance, Guangzhou, 510521 China
- School of Economics & Management, South China Normal University, Guangzhou, 510631 China
- College of Economis & Management, South China Agricultural University, Guangzhou, 510642 China
| | - Zehua Ni
- Institute of Management and Economics, Beijing Institute of Technology, Haidian, Beijing, 100081 China
| |
Collapse
|
38
|
Anochiwa LI, Agbanike TF, Ikpe M, Ojike RO, Obidike PC. Assessing the distributional effects of financial development on consumption-based carbon emissions in Sub-Saharan Africa: a quantile-based analysis. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2022; 29:49870-49883. [PMID: 35220518 DOI: 10.1007/s11356-022-18671-8] [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: 08/25/2021] [Accepted: 01/11/2022] [Indexed: 06/14/2023]
Abstract
This study assessed the role of financial development (FD) and its distributional effects in explaining consumption-based carbon (ConCO2) emissions, in a framework that also examined the environmental Kuznets curve (EKC) hypothesis, in the context of 19 Sub-Saharan African countries. A composite index was used as measure of FD in a set of data spanning over the period 1995-2017, while controlling for population size (PS), energy intensity (EI) and natural resource rents (Nrr). Given that the variables deviate from expected normal distribution as adjudged by results of pre-estimation tests, the method of moments quantile regression (MM-QR) estimation technique was used to account for distributional effects of FD on ConCO2. Results of the fixed-effect regression based on Driscoll-Kray standard errors (FE-DK) which was validated by three other estimators (fully modified ordinary least squares (FMOLS), dynamic ordinary least squares (DOLS), canonical cointegration regression (CCR)) statistically provided support for FD, PS and EI as drivers of ConCO2. Distributional effects of this show that FD exerts significant positive effect on ConCO2 among countries in the higher quantiles, but insignificant positive effect among those at the lower quantiles. The model provided no support for the EKC hypothesis for SSA; policy implications of these results were presented.
Collapse
Affiliation(s)
- Lasbrey I Anochiwa
- Department of Economics and Development Studies, Alex Ekwueme Federal University, Ebonyi State, Ndufu-Alike, Nigeria.
| | - Tobechi F Agbanike
- Department of Economics and Development Studies, Alex Ekwueme Federal University, Ebonyi State, Ndufu-Alike, Nigeria
| | - Marius Ikpe
- Department of Economics and Development Studies, Alex Ekwueme Federal University, Ebonyi State, Ndufu-Alike, Nigeria
| | - Richard O Ojike
- Department of Economics and Development Studies, Alex Ekwueme Federal University, Ebonyi State, Ndufu-Alike, Nigeria
| | - Paul C Obidike
- Department of Accountancy/Banking and Finance, Alex Ekwueme Federal University, Ebonyi State, Ndufu-Alike, Nigeria
| |
Collapse
|
39
|
Zhong R, Ren X, Akbar MW, Zia Z, Sroufe R. Striving towards sustainable development: how environmental degradation and energy efficiency interact with health expenditures in SAARC countries. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2022; 29:46898-46915. [PMID: 35171428 PMCID: PMC8853387 DOI: 10.1007/s11356-022-18819-6] [Citation(s) in RCA: 5] [Impact Index Per Article: 2.5] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 10/04/2021] [Accepted: 01/19/2022] [Indexed: 05/25/2023]
Abstract
The previous studies focused on environmental issues, identifying their root causes, urging prompt action to reduce environmental degradation. In this context, the current article extends the literature by incorporating the ecological impacts on the health sector and the role of sustainable development. The present study adds to the body of knowledge by examining the relationship between CO2 emissions, sustainable development, energy efficiency, energy intensity, and health expenditures for SAARC countries from 2000 to 2020. Fully modified OLS (FMOLS) and dynamic OLS (DOLS) are used and diagnostic tests to check the association between the variables. The empirical analysis validated the long-run impact of the examined factors on health expenditures. The results show that energy efficiency and sustainable development have a statistically significant negative effect on health expenditures, vice-versa for CO2 emission. Energy efficiency, energy intensity, and CO2 emissions have been shown to have a one-way causative relationship with health expenditures, but sustainable development and economic growth have a two-way causation relationship. The better health status of the SAARC economies necessitates the establishment of long-term development strategies, environmental sustainability, and an examination of the energy sector. This work's conceptual and empirical advances have significant policy ramifications for this part of the globe and its efforts to improve sustainability.
Collapse
Affiliation(s)
- Ruoyu Zhong
- China Center for Special Economic Zone Research, Shenzhen University, Guangdong, 518060, China
| | - Xuedi Ren
- China Center for Special Economic Zone Research, Shenzhen University, Guangdong, 518060, China
| | - Muhammad Waqas Akbar
- China Center for Special Economic Zone Research, Shenzhen University, Guangdong, 518060, China.
| | - Zeenat Zia
- Shanxi University of Finance and Economics, Taiyuan, Shanxi, China
| | | |
Collapse
|
40
|
An Asymmetric Nexus between Urbanization and Technological Innovation and Environmental Sustainability in Ethiopia and Egypt: What Is the Role of Renewable Energy? SUSTAINABILITY 2022. [DOI: 10.3390/su14137639] [Citation(s) in RCA: 6] [Impact Index Per Article: 3.0] [Reference Citation Analysis] [Abstract] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 11/21/2022]
Abstract
The present study investigates the nexus between urbanization, technological innovation, renewable energy consumption, and environmental quality in Egypt and Ethiopia from 1980 to 2020 by employing symmetric and asymmetric frameworks. Referring to symmetric assessment, the coefficient of renewable energy consumption and technological innovation revealed a negative and statistically significant tie with environmental sustainability, valid for both proxies. Study findings suggest that clean energy integration and technological innovations in the economy decrease environmental adversity by reducing carbon emissions and ecological blames. Although the elasticity of urbanization has documented a positive and statistically significant connection with environmental sustainability, the conclusion is valid for both models. Second, in the long run, the asymmetric shocks of renewable energy consumption and technological innovation have exposed a negative and statistically significant tie to environmental sustainability, whereas in the case of urbanization, the asymmetric shocks unveiled a positive and statistically significant association to environmental sustainability. Third, the study revealed that the feedback hypothesis explains the relationship between technological innovation and environmental sustainability [TI←→EF] in Egypt and ecological footprint and urbanization in Egypt and Ethiopia. Moreover, unidirectional causality runs from ecological footprint to renewable energy consumption in Egypt and Ethiopia.
Collapse
|
41
|
Mehmood U. Environmental degradation and financial development: do institutional quality and human capital make a difference in G11 nations? ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2022; 29:38017-38025. [PMID: 35072878 DOI: 10.1007/s11356-022-18825-8] [Citation(s) in RCA: 22] [Impact Index Per Article: 11.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 12/07/2021] [Accepted: 01/20/2022] [Indexed: 05/22/2023]
Abstract
Developing nations are rushing towards economic developments; however, this development is increasing the ecological footprints. In this regard, it has become important to identify the factors of environmental degradation. For sound economic growth, countries are enhancing their human resources with sound financial institutions. Therefore, this work examines the effects of human capital (HC), financial development (FD), and institutional quality (IQ) on ecological footprints (EF) in the group of 11 countries. This work also checks the interactional effect of FD, human capital, and IQ on ecological footprints. This work employs the annual data of 1984-2017 and utilizes the cross-sectional autoregressive distributed lag approach for panel data analysis (CS-ARDL). The findings show that FD is degrading the environmental quality by 0.04%. Furthermore, IQ and HC are improving environmental quality by 0.07% and 0.01%. The findings also reveal that FD is lowering ecological footprints through the channel of HC and IQ. Based on the findings, these countries need to extend human capital with an efficient institutional network for environmental sustainability. These countries need to allocate funds to the health and education sector to develop human capital. Moreover, human resource management tools should be strengthened to cope with the challenges of environmental problems.
Collapse
Affiliation(s)
- Usman Mehmood
- Department of Political Science, University of Management and Technology, Lahore, Pakistan.
| |
Collapse
|
42
|
Akan T, Gündüz Hİ, Vanlı T, Zeren AB, Işık AH, Mashadihasanli T. Why are some countries cleaner than others? New evidence from macroeconomic governance. ENVIRONMENT, DEVELOPMENT AND SUSTAINABILITY 2022; 25:6167-6223. [PMID: 35431619 PMCID: PMC9000004 DOI: 10.1007/s10668-022-02298-3] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Figures] [Subscribe] [Scholar Register] [Received: 08/30/2021] [Accepted: 03/14/2022] [Indexed: 06/07/2023]
Abstract
This study aims to investigate why some countries are cleaner than the others with reference to macroeconomic governance (MEG) in order to explain how major macroeconomic aggregates should be governed to mitigate environmental pollution at the level of economic systems. Using per capita carbon dioxide emissions (CPC) as the proxy for air pollution, and macro-non-financial governance (MNFG) and macro-financial governance (MFG) as the proxies for MEG, the study introduces the systemic and fragmented governance of green complementarities (GCMs) and dirty complementarities (DCMs) as analytic concepts to compare the MEG models for managing pollution in 13 high-income countries (HICs), 10 upper-middle-income countries (UMICs), and nine lower-middle-income countries (LMICs) for the period 1994-2014. The paper concludes that (i) HICs reduced their CPC levels thanks to adopting green systemic governance by creating GCMs between both MNFG and MFG variables in the long run; (ii) UMICs experienced a remarkable increase in their CPC levels due to adopting dirty systemic governance by creating DCMs between the MNFG variables, but prevented pollution from being higher through creating GCMs between the MFG variables; and (iii) LMICs experienced the highest comparative increase in CPC due to adopting a fragmented governance in managing both MNFG-pollution and MFG-pollution nexus.
Collapse
Affiliation(s)
- Taner Akan
- Faculty of Economics, Department of Economics, Istanbul University, Beyazıt, 34452 Istanbul, Turkey
| | - Halil İbrahim Gündüz
- Present Address: Faculty of Economics, Department of Econometrics, Istanbul University, Beyazıt, 34452, Istanbul, Turkey
| | - Tara Vanlı
- Faculty of Economics, Department of Economics, Istanbul University, Beyazıt, 34452 Istanbul, Turkey
| | - Ahmet Baran Zeren
- Faculty of Economics, Department of Economics, Istanbul University, Beyazıt, 34452 Istanbul, Turkey
| | - Ali Haydar Işık
- Faculty of Economics, Department of Economics, Istanbul University, Beyazıt, 34452 Istanbul, Turkey
- Faculty of Political Science, Department of Economics, Çanakkale Onsekiz Mart University, Çanakkale, Turkey
| | - Tamerlan Mashadihasanli
- Faculty of Economics, Department of Economics, Istanbul University, Beyazıt, 34452 Istanbul, Turkey
| |
Collapse
|
43
|
Miao L, Zhuo Y, Wang H, Lyu B. Non-Financial Enterprise Financialization, Product Market Competition, and Total Factor Productivity of Enterprises. SAGE OPEN 2022; 12:215824402210899. [DOI: https:/doi.org/10.1177/21582440221089956] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 10/16/2023]
Abstract
At present, two big challenges have struck China’s economic development: economic containment “from the real to the virtual” and accomplishment in the goal of high-quality economic development. Taking China’s A-share public manufacturing enterprises from 2007 to 2020 as samples, this paper empirically analyzes the relationships among product market competition, non-financial enterprise financialization, and total factor productivity of enterprises. It is found that non-financial enterprise financialization significantly lowers down the total factor productivity of enterprises, that is, the total factor productivity of enterprises will drop by 1.7% as the non-financial enterprise financialization rises by 1 SD every time. After external regulation effects of product market competition are further taken into account, the furious product market competition, on the whole, mitigates the negative influences of non-financial enterprise financialization on total factor productivity of enterprises by strengthening the role of non-financial enterprise financialization as a “reservoir” and abating the “crowding-out” effect. Therefore, competition promotion policies combined with funds moving “from the virtual to the real” could more effectively elevate the enterprise productivity.
Collapse
Affiliation(s)
- Long Miao
- School of Economic,Hunan University of Finance and Economics,Changsha, China
| | - Yue Zhuo
- Business School, Xiangtan University, Xiangtan, China
| | - Haojun Wang
- School of Business Administration, South China University of Technology, Guangzhou, China
| | - Bei Lyu
- School of Economics and Management, Huaibei Normal University, Huaibei, China
- Chinese Graduate School, Panyapiwat Institute of Management, Nonthaburi, Thailand
- Leeds University Business School, University of Leeds, Leeds, UK
| |
Collapse
|
44
|
Tripathy P, Khatua M, Behera P, Satpathyy LD, Jena PK, Mishra BR. Dynamic link between bilateral FDI, the quality of environment and institutions: evidence from G20 countries. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2022; 29:27150-27171. [PMID: 34981393 DOI: 10.1007/s11356-021-18368-4] [Citation(s) in RCA: 3] [Impact Index Per Article: 1.5] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 09/28/2021] [Accepted: 12/23/2021] [Indexed: 06/14/2023]
Abstract
The sustenance of a clean, natural, and relatively less tampered environment is one of the most important apprehensions of contemporary households, firms, and governments in the globalized world. Both developing and developed countries rely heavily on foreign direct investments (FDI) and institutional arrangements for economic prosperity and have feedback repercussions about environmental quality. Thus, the current paper attempts to explore such a triplex integrated linkage among bilateral FDI, institutional quality, and environmental quality proxied by CO2 emissions intensity on each other for 19 selected G20 countries during 2009-2017. The empirical estimation of this paper takes into account three equations that jointly address the endogeneity problem by employing both static (such as seemingly unrelated regression and three-stage least square) and dynamic simultaneous econometric techniques (such as the system generalized method of moments) with a panel dataset considering host and source countries with 342-panel pairs for the selected sample time. The empirical results confirm that bilateral FDI reduces CO2 emission intensity and strengthens the institutional quality of G20. It also supports the idea that institutional quality has a favorable and considerable impact on bilateral FDI. This paper confirms a positive and considerable feedback between environmental and institutional quality. Further, this study establishes a triplex relationship between these three factors. This study argues that governments should use incentives like tax cuts and additional subsidies to promote greener FDI in G20 nations. This is because it facilitates the employment of more modern technology and clean energy-efficient technologies to minimize emissions and spur economic growth.
Collapse
Affiliation(s)
- Prajukta Tripathy
- Department of Humanities and Social Sciences, National Institute of Technology Rourkela, Odisha, India
| | - Monalisa Khatua
- Department of Humanities and Social Sciences, National Institute of Technology Rourkela, Odisha, India
| | - Pragyanrani Behera
- Department of Humanities and Social Sciences, National Institute of Technology Rourkela, Odisha, India
| | - Lopamudra D Satpathyy
- Department of Economics, Sushilavati Government Women's College, Rourkela, Sundargarh, Odisha, India
| | - Pabitra Kumar Jena
- School of Economics, Shri Mata Vaishno Devi University, Katra, Union Territory of Jammu & Kashmir, India
| | - Bikash Ranjan Mishra
- Department of Humanities and Social Sciences, National Institute of Technology Rourkela, Odisha, India.
| |
Collapse
|
45
|
Conflict Analysis of Physical Industrial Land Development Policy Using Game Theory and Graph Model for Conflict Resolution in Markazi Province. LAND 2022. [DOI: 10.3390/land11040501] [Citation(s) in RCA: 1] [Impact Index Per Article: 0.5] [Reference Citation Analysis] [Abstract] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 12/10/2022]
Abstract
Industrial growth and development are among the integral components of economic development in developing countries such as Iran. Markazi province in the central part of Iran is one of the most prone areas for industrial progress due to its geopolitical location, proximity to the capital and major cities, and access via Iran’s western corridor. Over the last few decades, the concentration of major industries in combination with a lack of environmental safeguards have led to major environmental concerns, such that the province’s industrial development faces serious challenges going forward. This paper analyzes how to resolve these challenges through strategic analysis of stakeholder interactions using a Graph Model for Conflict Resolution, i.e., a non-cooperative model of game theory. Results indicate that, from a strategic point of view, the main cause of the conflict is over physical industrial land development in Markazi province by way of rationality and organizational benefits from stakeholders. It was shown that the insistence from the Industry and Mining Organization on industrial development and the Department of Environment on the preservation of natural resources and the environment, on the one hand, and the prevention of their further destruction, on the other, have made it difficult to find a cooperative solution. The findings further unveiled that in a non-cooperative scenario (i.e., the current situation), the equilibrium point of the conflict is status 16 (i.e., among the 18 situations) and no unilateral progression from either party can be detected. Via the equilibrium point, if the current preferences of the parties cannot be resolved, the conflict will remain at a deadlock leaving the environment at risk of further degradation.
Collapse
|
46
|
Burki U, Tahir M. Determinants of environmental degradation: Evidenced-based insights from ASEAN economies. JOURNAL OF ENVIRONMENTAL MANAGEMENT 2022; 306:114506. [PMID: 35051821 DOI: 10.1016/j.jenvman.2022.114506] [Citation(s) in RCA: 2] [Impact Index Per Article: 1.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 08/22/2021] [Revised: 01/01/2022] [Accepted: 01/12/2022] [Indexed: 06/14/2023]
Abstract
This paper examines the effect of per capita income, trade openness, energy consumption, and financial development on the ASEAN region's environmental degradation. We obtained data from the World Development Indicators (WDI) during the years 2001-2020 to test our research model. For analysis, we applied panel data techniques such as pooled least squares, fixed effects, generalized least squares (GLS), and two stages least squares (2SLS). We also conducted the causality analysis to determine the direction of the relationship among the models' variables. Our models' results show the validity of the environmental Kuznets curve (EKC) hypothesis in the ASEAN region as per capita income and its square term possess positive and negative coefficients. The results also show the presence of an N-shaped EKC in ASEAN region a deviation from the conventional literature. Moreover, the results illustrate that increasing energy consumption, trade openness, and financial development positively contribute to environmental degradation in ASEAN economies. The causality analysis shows a two-way causality between trade openness and financial development, and environmental degradation and trade openness. We observed oneway causality, running a) from energy consumption and per capita income towards financial development, b) from per capita income towards trade openness, and c) from financial development towards environmental degradation. The study's results contribute to the environmental degradation literature and provide a better understanding of environmental degradation for policymakers in ASEAN economies.
Collapse
Affiliation(s)
- Umar Burki
- USN School of Business, The University of South-Eastern Norway and New Oslo University College, Norway; Department of Economics and Administration, New Oslo University College, Oslo, Norway.
| | - Muhammad Tahir
- Department of Management Sciences, COMSATS University Islamabad, Abbottabad Campus, Pakistan.
| |
Collapse
|
47
|
Isiksal AZ. The decline in carbon intensity: the role of financial expansion and hydro-energy. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2022; 29:16460-16471. [PMID: 34651271 DOI: 10.1007/s11356-021-16117-1] [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: 05/10/2021] [Accepted: 08/19/2021] [Indexed: 06/13/2023]
Abstract
The effect of a broad financial index (FD), hydro-energy output, and expansion of the economy on the intensity of carbon were investigated by incorporating the effect of financial expansion through the channel of hydro-energy. The cross-sectional autoregressive distributed lag (CS-ARDL), Mean Group (MG), Augmented Mean Group (AMG), and vector error correction mechanism causality approaches were employed to study panel data for the period from 1980 to 2017 for the top four hydro-energy producing states. The outcomes revealed that FD raises the intensity of carbon in both the short and long term. In contrast, hydro-energy output (HYP) is stated to be a significant factor for attaining a low carbon intensity in the short and long term. The outcomes also indicated that the expansion of the economy augments the intensity of carbon. However, FD lowers the intensity of carbon via the channel of hydro-energy. The causality test outcomes revealed a short-run causality moving from the intensity of carbon to hydro-energy as well as a short-term causality moving from GDP to the intensity of carbon. It was also observed that there is a long-term causality running from all the variables to the intensity of carbon. Important policy implications are suggested at the end of the research.
Collapse
|
48
|
Burki U, Tahir M. Determinants of environmental degradation: Evidenced-based insights from ASEAN economies. JOURNAL OF ENVIRONMENTAL MANAGEMENT 2022; 306:114506. [DOI: https:/doi.org/10.1016/j.jenvman.2022.114506] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 06/15/2023]
|
49
|
Nguyen CP, Schinckus C, Su TD, Chong FHL. The energy consumption: the global contributions from financial development and institutions. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2022; 29:18721-18740. [PMID: 34697709 DOI: 10.1007/s11356-021-17134-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: 06/06/2021] [Accepted: 10/17/2021] [Indexed: 06/13/2023]
Abstract
In a context of climate change and global warming, the literature paid more and more attention to the determinants of energy consumption. This article aims at examining the influences of the financial development and the institutional quality on the energy consumption in a global sample of 112 countries between 2002 and 2014. Our analysis is based on dynamic two-step system GMM estimations for three different energy consumption indicators-our findings are interesting. First, the financial development induces a higher energy consumption per capita; a higher energy consumption per output, and a lower renewable energy consumption. Second, the institutions have an insignificant positive influence on the energy use per capita and the energy use per output. Third, and this is our major contribution, the institutional quality can actually reverse the effect of the financial development. In other words, the effect of financial development on the energy use per capita is positive in weak institutional environment but it is negative when the latter is well developed. This article discusses these finding and their implications.
Collapse
Affiliation(s)
- Canh Phuc Nguyen
- School of Public Finance, University of Economics Ho Chi Minh City, 59C Nguyen Dinh Chieu, District 3, Ho Chi Minh, 700000, Vietnam.
| | - Christophe Schinckus
- The Business School, University of the Fraser Valley, 33844 King Road, Abbotsford, BC, Canada
| | - Thanh Dinh Su
- School of Public Finance, University of Economics Ho Chi Minh City, 59C Nguyen Dinh Chieu, District 3, Ho Chi Minh, 700000, Vietnam
| | | |
Collapse
|
50
|
Li J, Yuan W, Qin X, Qi X, Meng L. Coupling coordination degree for urban green growth between public demand and government supply in urban agglomeration: A case study from China. JOURNAL OF ENVIRONMENTAL MANAGEMENT 2022; 304:114209. [PMID: 34871872 DOI: 10.1016/j.jenvman.2021.114209] [Citation(s) in RCA: 3] [Impact Index Per Article: 1.5] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 03/04/2021] [Revised: 11/11/2021] [Accepted: 11/28/2021] [Indexed: 06/13/2023]
Abstract
The public demand for urban green growth (UGG) varies greatly due to climate conditions, resource endowments, geographical location; thus, understanding the coupling relationship between public demand and government supply is important to optimize government investment. This paper aims to evaluate the coupling coordination of UGG between public demand and government supply. An index system consisting of six aspects, including environment, society, economy, population, production and life, was used to evaluate the government supply. Meanwhile, citizens' demand was measured by the satisfaction for the six aspects. The coupling coordination degree model (CCDM) was established to analyze the government supply and public demand for UGG, and it was tested in the case of Shandong Peninsula urban agglomeration in China. The results indicated that citizens of Shandong Peninsula are basically satisfied, and the satisfaction for the environment, population and life is higher than the average value. From 2015 to 2019, the government supply level shows a trend of rising first and then declining, of which environment has been always at a high level for the five years. The coupling coordination degree of UGG shows the supply and demand in different cities of urban agglomerations is unbalanced, and the overall value of the eastern coast is higher than that of the western inland area. Moreover, the concept of relative satisfaction was put forwards, which is of great significance for regional policy. To improve UGG for a city, determining optimization objectives base on their evaluation results of coupling coordination degree and relative satisfaction is important, as well as the possible external reasons for the low coupling coordination degree.
Collapse
Affiliation(s)
- Jianchun Li
- Business School, Shandong Normal University, Jinan, China; College of Geography and Environment, Shandong Normal University, Jinan, China
| | - Wenhua Yuan
- Business School, Shandong Normal University, Jinan, China; College of Geography and Environment, Shandong Normal University, Jinan, China
| | - Xiaonan Qin
- Business School, Shandong Normal University, Jinan, China; College of Geography and Environment, Shandong Normal University, Jinan, China
| | - Xiaoxing Qi
- Center for Chinese Public Administration Research, School of Government, Sun Yat-sen University, Guangzhou, China
| | - Li Meng
- School of Economics and Management, Tongji University, Shanghai, China.
| |
Collapse
|