Commodity dynamism in the COVID-19 crisis: Are gold, oil, and stock commodity prices, symmetrical?

How economic policy uncertainty and geopolitical risk affect environmental pollution: does renewable energy consumption matter?

Climate change traps heat, affecting various species in previously dry areas. Climate change brought on by emissions of greenhouse gases exacerbates problems such as severe storms, earthquakes, epidemics, and food distribution. The group of developed and developing countries, the world's biggest carbon emitters and most significant economies, is expertly planning to lessen its environmental challenges and contribute to achieving Sustainable Development Goals 7 and 13 set by the United Nations. This study uses the novel econometric methodologies of the dynamic ordinary least square (DOLS) estimator, the augmented mean group (AMG) estimator, and the fully modified ordinary least square (FMOLS) estimate to examine the influence of economic policy uncertainty, renewable energy consumption, geopolitical risk, non-renewable energy consumption, and economic growth on ecological footprint from 2000 to 2021. The results reveal that the variables are co-integrated; REC reduces carbon emissions, EPU, geopolitical risk, and economic growth contribute to increasing carbon emissions, while urbanization improves carbon emission. Finally, the results suggest that the developed and developing economies can progress toward SDGs 7 and 13 by using renewable energy, lowering the geopolitical risk, effectively handling policy uncertainty, and reducing urbanization.

Tourism development influence on environmental quality: how renewable energy use and income matter?

Tourism is a significant economic growth and development source, but it relies heavily on the energy sector and contributes to carbon dioxide (CO2) emissions. This study examines how tourism growth, renewable energy, and real GDP affect CO2 emissions in the BRICS countries. The researchers used panel unit root, Pedroni, and Kao methods to test for a long-run equilibrium relationship among the variables. The results reveal that tourism growth harms CO2 emissions in the long run, with a 1% increase in tourism growth leading to a 0.05% decrease in CO2 emissions. Renewable energy usage also harms CO2 emissions, with a 1% increase in renewable energy leading to a 0.15% decrease in CO2 emissions in the long run. CO2 emissions and real GDP show a U-shaped relationship in the long run, supporting the environmental Kuznets curve hypothesis. This hypothesis suggests that CO2 emissions increase with economic growth at low-income levels but decrease with economic growth at high-income levels. Therefore, the study implies that tourism growth can significantly lower CO2 emissions by promoting renewable energy usage and economic development.

Assessing the social sustainability impact on suppliers: the role of global value chains governance strategies

Stakeholder awareness of social sustainability issues is growing, but few recognize what motivates companies to implement social sustainability in their supply chain management or return on investment in developing countries, where cultural norms might vary widely. We address this question by broadening stakeholder and institutional perspectives to investigate how customers, sustainability culture, management, and external stakeholders influence companies' acceptance of social sustainability in their supply chains. We collected information on 356 apparel and footwear manufacturers from 5 South Asian countries that sell to customers in Western Europe and North America. Our findings highlight the interdependence of organizational and institutional structures and define the boundaries of GVC governance mechanisms within a social sustainability framework. Our research shows that the success of examining social sustainability interventions applied by leading firms or the effects of collaboration-based global value chains depend on the supplier's local institutional framework. Social sustainability organizational practices influence supplier perceptions and responses to key corporate needs in the supplier's country. We demonstrate that GVC governance models are most conducive to suppliers' social sustainability implementation when contextualized with the local institutional needs for social sustainability in the supplier's country.

Financial stability influence on climate risk, GHG emission, and green economic recovery of China

This study examines the nexus between financial stability, climate risks, GHG emission mitigation, and green economic recovery of China. Financing efforts to protect against and reduce the hazards associated with climate change need to consider these risks and resources. Study used the Kalman technique of analysis for empirical inference. This research focuses on the carbon risk in China by employing a Kalman estimation approach. Although environmental mitigation was found to be important at 39%, financial strength and carbon hazards were considerable at 34%. Moreover, the report demonstrates the relationship between climatic threats and environmental drift in China, at a rate of 17%, emphasizing the need to address climate change issues. A state's fiscal health guarantees national economic security while pursuing green economic recovery initiatives. Researchers concluded that precise policy suggestions were needed to promote green economic development.

Return connectedness and multiscale spillovers across clean energy indices and grain commodity markets around COVID-19 crisis

The aim of this paper is to examine the return connectedness and multiscale spillovers between the Clean Energy Index and the grain commodity market around COVID-19. Using daily data from January 4, 2017 to July 1, 2022, a time-varying parametric vector autoregressive (TVP-VAR) connectedness approach is first used to reveal connectedness patterns before and during COVID-19. We further used Baruník and Křehlík (2018)'s frequency domain spillover method to assess connectedness in different domain horizons. Our results show spillover effects over time and frequency, with COVID-19 significantly affecting the connectedness of the whole system. Dynamic connectedness peaks significantly after sudden bursts of COVID-19, validating the reported uncertainty. We also documented higher spillover levels in the short term than in the medium and long term. In addition, We find that (i) most clean energy indices are positively affected by the COVID-19 outbreak; (ii) the NASDAQ OMX Bio/Clean Fuels Index and NASDAQ OMX Geothermal Index send spillovers to all grain commodities throughout the sample period, while the WilderHill Clean Energy Index and NASDAQ OMX Wind Energy Index indices are the largest recipients of spillovers from other markets regardless of time horizon; (iii) the OMX Bio/Clean Fuels and OMX Geothermal Energy indices dominate spillover shocks to grain commodity markets. This is the first study to analyse the connectedness and time-frequency dynamics of returns in the green energy index and the grain commodity market. These results provide valuable insights to investors and key policymakers, especially at a time of more significant uncertainty.

The moderating role of leadership on the relationship between green supply chain management, technological advancement, and knowledge management in sustainable performance

The escalation of regulatory obligations in order to reshape and implement eco-friendly operations make it essential for firms to execute the related strategies and enhance their position in a competitive market. Scholars and practitioners, thereby, have aligned their search in the area of sustainability to get to know regarding activities that might improve the outcomes of business practices. To contribute in a particular area, the study attempts to explore the critical role of knowledge management, technological advancement, and green supply chain (SC) management on SBP in the presence of a moderator-leadership. China is used as a study sample, and the study model was evaluated through structural equation modelling. Statistical findings indicate that knowledge management, technological advancement, and green SC management have a positive influence on SBP in China. The findings reveal that leadership support significantly moderates knowledge management, technological advancement, green SC management, and SBP in China. These outcomes guide regulators in making regulations related to sustainable performance using the best practice of SC, technology advancement, and knowledge management.

Does governance play any role in energy transition? Novel evidence from BRICS economies

Indubitably, energy transition, which is responsible for enhancing renewables in the energy mix, is considered one of the finest strategies for reducing non-renewable utilization and thus helping economies achieve sustainable development goals (SDGs). In this regard, technological innovation and good governance are not only helpful in stimulating green energy supply but also enhance the efficiency of resources to reach the goals. Along with it, diligent long-term policies are required to inculcate some progression in the achievement of SDGs for climate safety. Thereby, factors such as good governance, technological innovation, trade openness, and economic growth can be addressed in a single framework. To achieve the objective of the study, we employ second-generation panel estimation techniques that are robust to cross-sectional dependence and slope heterogeneity. Specifically, we apply the cross-sectional autoregressive distributed lag (CS-ARDL) model for short- and long-run parameter estimation. The main findings are that governance and technological innovation both positively and significantly influence energy transition in the long run and short run. Economic growth affects energy transition positively, but trade openness affects energy transition negatively, while CO2 emissions have no significant impact on energy transition. Robustness checks, the common correlated effect mean group (CCEMG), and the augmented mean group (AMG) all validated these findings. Based on the findings, government officials are recommended to strengthen institutions, control corruption, and improve the quality of regulations in order to enhance the contributions of institutions to the transition to renewable energy.

The impact of environmental knowledge and green supply chain practices in improving sustainable energy production: the moderating role of green behavior and green leadership

Global warming and the dreadful climate condition in China demands the sustainable energy transition and production that must be far away from coal-based energy production. The present article, thereby, intends to assess the effectiveness of environmental knowledge and green supply chain practices on sustainable energy production. The study also introduces green behavior and green leadership as a moderator to evaluate the proposed relationship. Primary data has been collected and assessed by PLS-SEM. The findings reveal that environmental knowledge, green purchases, and internal environmental management (IEM) have a positive association with sustainable energy production (SEP) in China. The outcomes also indicate that green behavior significantly moderates among environmental knowledge, green purchases, and SEP, and green leadership significantly moderates among IEM and SEP in China. The research guides the policymakers in establishing policies related to SEP using green behavior, GSC practices, and environmental knowledge.

The moderating impact of government support on the relationship between tourism development and growth, natural resources depletion, sociocultural degradation, economic environment, and pollution reduction: case of Indonesian economy

Tourism development is being treated as an essential element of national establishment as it has the potential of promoting cultural diversity and increase economic growth of country. However, it is also viewed as a culprit due to depletion of natural resources. In this respect, it is quite thoughtful to probe the government support and its moderating impact on association of tourism development with sociocultural degradation, national resource depletion, economic environment, and pollution reduction in Indonesian context, as Indonesia is known to be rich in terms of natural resources and recognized as the multicultural country. By using PLS methodology, the association among outlined construct and model significance has been probed in the sample of tourism management authorities. Findings disclose that government support and policy intervention significantly moderates tourism development and growth and depletion of natural resources in Indonesia. Insights from the findings finally help in proposing some unique implications that are beneficial for policymakers and practitioners.

Impact of government governance and environmental taxes on sustainable energy transition in China: fresh evidence using a novel QARDL approach

Although economies have experienced immense growth in recent times, however, it also comes with environmental and social consequences which question the current practices and threaten the well-being of current as well as the future generation. This realization, thus, pushes institutions to bring change in existing energy-related policies in order to incorporate social and environmental concerns. Clean energy transition, in this regard, is gaining attraction all over the world as it shifts away economies from non-renewable resources. The study, thereby, intends to explore the role of governance and environmental taxes in the energy transition in China economy over the period 1999-2019. The roles of industrialization and economic growth in the transition of energy are taken into consideration. The recently introduced legit quantile autoregressive distributed lag (QARDL) model and Granger causality in quantiles are applied to quarterly data spanning 1999Q1 to 2019Q4 for empirical quantile analysis. Results echoed that governance has a positive impact and environmental resources have a negative impact on energy transition across all quantiles. However, economic growth influences clean energy transition only at extremely higher quantiles (0.60-0.95), and industrialization does not have any effect on energy transition over the entire quantile range. The findings of the Granger causality analysis reveal the presence of a bidirectional causal association between clean energy transition and all the variables. Worthy policies are recommended on the basis of the findings.

Moderating role of green knowledge sharing and employee green behavior among the relationship of green supply chain management, green entrepreneurship, and sustainable development goal: evidence from Vietnam textile sector

Green knowledge sharing and behaviors are vital for organizations to implement green supply chain management and promote green entrepreneurship. These solutions support firms to understand market and customer needs through which they are able to carry out the practices which strengthen their sustainability. By realizing the significance, the research develops a model which integrates the concept of green supply chain management, green entrepreneurship, and sustainable development goals. The framework also builds to evaluate the moderating role of green knowledge sharing and employee green behavior. Proposed hypotheses are tested in the sample Vietnamese textile managers, and PLS-SEM methodology was employed to evaluate the model reliability, validity, and association among constructs. Generated results reveal the positive impact of green supply chain and green entrepreneurship on sustainable environment, and results also reveal that green knowledge sharing and employee green behavior both have the potential of being a moderator which enhances the relationship among outlined constructs. The revelation provides important insights for organizations to look into these parameters in order to achieve sustainability in a longer run.

Natural resource volatility and financial development during Covid-19: Implications for economic recovery

Demand for natural resources is constant, while the prices of natural resources increase day-by-day, which has a significant impact on financial development and economic activity. Thus, the study intends to test the association of natural resource volatility and financial development, in order to recommend policies for economic recovery. The study acquires and analyses data for the N11 economies. The findings reveal that natural resource volatility is linked to global economic growth and governmental governance in pre-pandemic era as well as during pandemic. Results exposed that natural resource volatility has a large detrimental impact on global economic growth and plays a prominent part in economic recovery. The findings are robust and reveal that natural gas, oil, and the quality of public administration all contribute to N11 financial development. The study suggests that policymakers address the challenges raised through the solutions discussed.

Energy transition in Southeast Asian countries: is there a role for governance at country level?

Effective governance is crucial for building environmental policies in order to discourage non-renewable energy use and replace it by renewable resources. Given the significant proportion of fossil fuels in the existing energy mix of ASEAN countries, the transition to renewable energy is critical for emissions to be reduced in this region. As a pioneering one, the present study focuses on the role of governance indicators and economic growth in energy transition in Southeast Asian (ASEAN) countries over the period 2000-2020. For the purpose of empirical investigation, the study applies the recently introduced methods of movement quantile regression (MMQR) with FE-OLS, DOLS, and FMOLS estimation techniques. The findings of indicate that economic growth significantly promotes energy transition in ASEAN countries. Among the governance indicators, political stability, rule of law, and regulatory quality significantly and positively affect energy transition, whereas government effectiveness and control of corruption play negative roles in energy transition. Voice and accountability have no significant effect on energy transition. Political stability and rule of law play significant roles in energy transition at all quantiles, but political stability has a significant effect on energy transition only at higher quantiles (0.60-0.90). Similarly, government effectiveness and control of corruption negatively impact energy transition at medium to higher (0.50-0.90) and at higher quantiles (0.80-0.90), respectively. Policies are recommended on the basis of the findings.

Impact of green finance and environmental protection on green economic recovery in South Asian economies: mediating role of FinTech

Green finance and digital finance are cornerstones of sustainable growth. Given the significant investment and funding challenges that South Asia's new energy development faces, the potential role of digital finance in this situation is uncertain. Applying panel regression analysis and using a two-step generalized method of moments (GMM) to eliminate endogeneity, this study examines the connections between green finance, financial technology (FinTech), and high-quality economic development using data from three South Asian economies between 2000 and 2018. The study demonstrates that India, Bangladesh, and Pakistan use multiple green financing initiatives, resulting in a considerable decrease in commercial CO2 across the review period, which extends environmental protection and confirms the green economic recovery. FinTech development also helps reduce CO2 emissions, making a favorable contribution. Selected South Asian countries are on track to become world leaders in green finance strategy implementation, and authorities must speed up the development of green recovery and services and strengthen banking institutions' ability to provide green loans. FinTech and green finance, it turns out, have a significant impact on green economic development. The study also has policy implications for the associated stakeholders.