scholarly journals The Effect of Technology Innovation on Corporate Sustainability in Chinese Renewable Energy Companies

2021 ◽  
Vol 9 ◽  
Author(s):  
Pei Wang ◽  
Zijin Zhang ◽  
Yeli Zeng ◽  
Shucheng Yang ◽  
Xu Tang

Technology innovation has become the main driving force of China’s economic growth. Sustainable development highlights the harmonious symbiosis of the economy and the ecological environment. Renewable energy companies characterized by technology-intensive and environmental friendliness are playing an increasingly important role in achieving economic development while alleviating environmental pressure. Therefore, this paper selects the A-share renewable energy listed companies in China between 2014 and 2019 as samples, using the fixed-effect model and the logit model to explore the effect of technology innovation on corporate sustainability. We find that technology innovation has a positive effect on both financial sustainability (FS) and social and environmental sustainability (SES). Due to the imbalance of regional social and environmental development and different degrees of emphasis placed on environmental and social responsibility, the positive impact of technology innovation on SES is heterogeneous between the east and the central and west regions. Moreover, as the strategic emerging industry, although the renewable energy industry is granted lots of subsidies from the government, the results show that when government subsidies exceed the threshold, the effect of technology innovation on FS is weakened. Government subsidies have a negative moderating effect on the relationship between innovation and SES. Furthermore, we subdivide government subsidies into government subsidies beforehand (GSB) and government subsidies afterwards (GSA). We reveal that the threshold effect of government subsidies mainly comes from GSA, while the moderating effect of government subsidies is caused by GSA and GSB. This paper is an expansion and enrichment of current studies on sustainable development and also puts forward feasible suggestions for the government to formulate precise and effective subsidy policies to stimulate technology innovation.

2021 ◽  
Vol 9 ◽  
Author(s):  
Xueyin Ou ◽  
Penghao Ye ◽  
Pierre Failler ◽  
Antaya March

Planning for the research and development (R&D) of renewable energy resources (RERs) has not received enough attention. This paper aims to study the planning for the R&D of RERs in order to avoid bottlenecks and ensure sustainable development in developing marine economies. We have established a triple difference model (DDD) model and a wise pig game model between the theoretical government and enterprise. The data on RERs come from the World Bank and International Energy Agency databases. We have three contributions on the basis of distinguishing between mature and immature marine RERs technologies. First, it emphasizes the importance of developing R&D planning for marine RERs immature technology in the future. Second, the DDD model is used to empirically establish whether RERs planning has a significant positive impact on RERs’ output, which explains the importance of existing RERs planning. Third, the wise pig game model is used to analyze the welfare benefits to the government brought by the R&D planning of marine RERs which proves the importance of future RERs R&D planning.


Author(s):  
Nur Farhah Mahadi ◽  
Nor Razinah Mohd. Zain ◽  
Anwar Hasan Abdullah Othman

This study seeks to gain a deeper understanding on the role of zakᾱt in achieving economic empowerment, environmental sustainability, and social re-engineering as promoted in the 12th Malaysia Plan (12 MP) which aligned with Shared Prosperity Vision 2030 (SPV2030) as well as United Nation's Sustainable Development Goals (SDGs) to provide support to fulfil the Maqᾱṣid al-Sharῑ῾ah. This study uses the library study method. Among the reading materials that have been referred include those materials related to the role of zakᾱt, the government five-year development plan, namely 12th Malaysia Plan from 2021 - 2025, the Shared Prosperity Vision 2030 (SPV2030), SDGs, and Maqᾱṣid al-Sharῑ῾ah. Qualitative approach is used in this study to collect information, documents, and data accordingly with regard to the topic discussed. By understanding the importance of zakᾱt in achieving economic empowerment, environmental sustainability, and social re-engineering, we can further enhance the distribution and utilisation of these zakᾱt funds to ensure its positive impact in socio-economic. Eventually, this may also motivate the State Islamic Religious Council (SIRC) to promote the importance of fair and equitable distribution of zakᾱt to aṣnᾱf. The study will provide significant socio-economic impacts as the results will enable new initiatives by industries to develop better management of zakᾱt funds to finally achieve the economic empowerment, environmental sustainability, and social reengineering in the society as promoted in the 12th Malaysia Plan (12 MP) which aligned with Shared Prosperity Vision 2030 (SPV2030) as well as United Nation's Sustainable Development Goals (SDGs) to provide support to fulfil the Maqᾱṣid al-Sharῑ῾ah.


Author(s):  
Tabish Nawab ◽  
Muhammad Azhar Bhatti ◽  
Muhammad Atif Nawaz

Environment degradation is a very important issue in developing nations and a lot of research had done to examine the factors of environmental degradation but these studies were missed some important factors which are covered by this study. By examining the effect of economic growth and energy in the presence of renewable energy consumption and technology innovation on environment degradation for ASEAN nations. Panel ARDL (which is PMG and MG) is used to estimate the model, and the advantage of this model is it gives both the long and short-run estimates of the model which helps to understand the situation in both short as well as long run. The results confirm that economic growth, Population, trade, and renewable energy increase the carbon emission level in ASEAN nations. While technology innovation decreased carbon emission levels which means technology innovation helps to keep the environment healthy and clean. Hence, economic growth helps the nations to improve their energy mode from non-renewable to renewable energy, which meets the energy demand by keeping the environment clean.


Author(s):  
Suppanunta Romprasert ◽  
Korakot Kataboonyaruk ◽  
Natthacha Tangnititham ◽  
Tanyaluk Suwanthaijaroen ◽  
Maytavee Soonthornwattanachai ◽  
...  

Paper focuses on the renewable energy in Thailand. Objective is to compare risk on renewable energy and transportation consumption on biodiesel. It is using SWOT analysis and sustainable development theory as the tools. Besides, collecting data via questionnaire to investigate behaviors of people in having the ideas relating to biodiesel. The 52 responses from survey launching have returned. According to the results, the current consumption of biodiesel is still low because insufficient is on awareness of the consumers' trusts about biodiesel. Moreover, government's policy is not in good quality control. Biodiesel price has not been confirmed or set up in a clear standard that shows confidence in biodiesel to consumers. Remains adherence to diesel as it has been used for a longer period of time. Therefore, the risk of renewable energy in biodiesel is a relatively high risk. At the same time, in terms of environmental sustainability development, research results show that the use of biodiesel can help reducing air pollution at either PM 2.5 or global warming. Also, it would distribute an income to palm farmers. The results can be implemented for making improvements and suggesting recommendations to the government. A strengthening policy on renewable energy security and implement strategies is for solving various energy problems. With the concept of supporting research and development, it can create a wide range of knowledges, and the production of biodiesel as renewable energy. There should control the price structure, and the well quality practices to be fairly suitable in the nearly future. Keywords: Biodiesel, Consumption, Renewable Energy, Risk, Transportation


2020 ◽  
Vol 1 ◽  
Author(s):  
Rebecca R. Hernandez ◽  
Sarah M. Jordaan ◽  
Ben Kaldunski ◽  
Naresh Kumar

Energy development improves quality of life for humans, but also incurs environmental consequences. A global energy transition from fossil fuels to renewable energy may mitigate climate change but may also undermine the capacity to achieve some or all 17 Sustainable Development Goals (SDGs). In this study, we use an innovation systems approach to construct a comprehensive roadmap for solar and wind energy to anticipate and improve impacts of a transition to a low carbon future in a manner ensuring climate goals and SDGs are mutually reinforcing. Our multidisciplinary approach began with an assessment of public investments in renewable energy followed by a 2-day research prioritization workshop. Fifty-eight expert workshop participants identified six research themes that proactively address the environmental sustainability of renewable energy. Next, we identified linkages between the six research themes and all 17 SDGs. Finally, we conducted a scientiometric analysis to analyze the research maturity of these themes. The results of these efforts elucidated the limits of existing knowledge of renewable energy-SDG interactions, informing the development of a research, development, demonstration, and deployment (RD3) roadmap to a renewable energy future aligned with both climate goals and SDGs. The RD3 roadmap has been designed to systematically develop solutions for diverse actors and organizations. Overall, our findings confer a broad vision for a sustainable transition to renewables to minimize unintended environmental consequences while supporting interoperability among actors particularly poised to influence its magnitude and direction.


2021 ◽  
Vol 9 ◽  
Author(s):  
Kai He ◽  
Muhammad Ramzan ◽  
Abraham Ayobamiji Awosusi ◽  
Zahoor Ahmed ◽  
Mahmood Ahmad ◽  
...  

The association between economic complexity (sophisticated economic structure) and carbon emissions has major implications for environmental sustainability. In addition, globalization can be an important tool for attaining environmental sustainability and it may also moderate the association between economic complexity and carbon emissions. Thus, this research examines the effects of economic complexity, economic growth, renewable energy, and globalization on CO2 emissions in the top 10 energy transition economies where renewable energy and globalization have greatly increased over the last 3 decades. Furthermore, this study also evaluates the joint effect of globalization and economic complexity on carbon emissions. Keeping in view the presence of slope heterogeneity and cross-sectional dependence in the data, this research utilized second-generation unit root tests (CIPS and CADF), Westerlund cointegration approach, and CS-ARDL and CCEMG long-run estimators over the period of 1990–2018. The results affirmed the presence of cointegration among the considered variable. Long-run findings revealed that globalization, renewable energy, and economic complexity decrease carbon emissions. Conversely, economic growth increases carbon emissions. Moreover, the joint impact of economic complexity and globalization stimulates environmental sustainability. Based on these findings, the government of these groups of economies should continue to expand the usage of renewable energy. They should also promote interaction with the rest of the world by adopting the policy of opening up.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Andrew Adewale Alola ◽  
Ulrich Tiamgne Donve

PurposeIn spite of the drive toward environmental sustainability and the attainment of sustainable development goals (SDGs), coal, oil and natural gas energy utilization has remained the Turkey's largest energy mix. In view of this concern, this study examined the role of coal and oil energy utilization in environmental sustainability drive of Turkey from the framework of sustainable development vis-à-vis income expansion over an extended period of 1965–2017.Design/methodology/approachIn this regard, the authors employ carbon emission as an environmental and dependent variable while the Gross Domestic Product per capita (GDPC), coal and oil energy consumption are the explanatory variables employed in the study.FindingsThe study found that both energy mixes (coal and oil) have a detrimental impact on the environment in both the short and long run, but oil consumption exerts a less severe impact as compared to coal energy. In addition, sustainable development via income growth is not feasible because the income–environmental degradation relationship follows a U-shaped pattern (invalidating the Environmental Kuznets curve, EKC hypothesis) especially when coal and oil remained the major source of lubrication to the economy. At least the EKC hypothesis is unattainable in Turkey as long as the country's major energy mix or primary energy (coal and oil) is in use, thus the application of other socioeconomic, macroeconomic policies might be essential.Research limitations/implicationsConsidering the lingering energy challenge associated with Turkey, this novel insight further presented useful policy perspectives to the government and stakeholders in the country's energy sector.Originality/valueThis evidence (the U-shaped relationship) is further ascertained when the aggregate primary energy is employed. Thus, this study provides a novel insight that attaining a sustainable economic growth in Turkey remained a herculean task as long as a more aggressive energy transition approach is not encouraged.


2016 ◽  
Vol 9 (3) ◽  
pp. 56 ◽  
Author(s):  
Mohammed Ebrahim Hussien ◽  
Chamhuri Siwar ◽  
Rashidah Zainal Alam ◽  
Abdul Hamid Jafar ◽  
Norasikin Ahmad Ludin

<p>Since conventional energy resources are major source of CO<sub>2</sub> emission, over reliance on fossil fuels has raised questions on environmental sustainability. On way to address these multi-faceted issues of conventional energy sources, the sustainability of energy and environment is through the green economy approach. As such, this paper aims to discuss the concept of green economy in relation with renewable energy. The interdependence of green economy and environmental quality as well as the compatibility of green economy approach with the notion of sustainable development are demonstrated in the paper. Green economy approach fulfils the methodological gaps that exist in the growth models. It is believed that the best economic tool to attain sustainable development goals is by integrating social, economic and environmental elements. Furthermore, energy is believed to be a significant player in determining the greenness of the economy and sustainability as it has economic and environmental value. In addition, this study illustrates the significance of biomass energy resource and CO<sub>2</sub> emissions from fossil fuel combustion. The illustration framework justifies that biomass is the determinant renewable energy source to be a proxy for renewable energy resources. Similarly, it justifies that CO<sub>2</sub> emission of energy sector is considerably significant to represent the CO<sub>2</sub> emissions of the atmosphere.</p>


2018 ◽  
Vol 10 (11) ◽  
pp. 4187 ◽  
Author(s):  
Zacharoula Andreopoulou ◽  
Christiana Koliouska

Sustainability constitutes a broad discipline that focuses on the social, economic and environmental impact of human activities. Many policies and strategies have been developed for the pursuit of environmental sustainability and the guidance to a green society. Many enterprises have taken meaningful steps to improve their own environmental performance through corporate sustainability and environmental management. Environmental management contributes to significant improvements to environmental performance of the enterprises. This paper aims to evaluate the Renewable Energy Enterprises performance in the Internet in Thessaloniki Prefecture regarding the characteristics of sustainability using Multi-criteria Decision Analysis. TOPSIS method was used to provide a ranking of the Renewable Energy Enterprises according to their sustainability and finally conclude to a benchmark. According to the results of the research, the Renewable Energy Enterprises achieve a good level of sustainability but not the optimum. However, the entrepreneurs should adopt modern environmental policy, sustainable marketing, green network framework and certified environmental management system in order to consider their enterprise sustainable.


2020 ◽  
Vol 12 (3) ◽  
pp. 275-292
Author(s):  
Pauline Milwood

Purpose The purpose of this paper is to better understand how Caribbean tourism micro, small and medium-sized enterprises (MSMEs) perceive their corporate sustainability and social responsibility (CSSR) practices during design and implementation of new innovations. This knowledge helps our understanding of how the uniquely tourist-dependent region of the Caribbean can, through the social innovation practices of MSMEs, maximize its contribution to attainment of the 2030 sustainable development goals. Design/methodology/approach This study uses a responsibility–sustainability framework premised on seven core subjects of the International Guidance (ISO 26000) for Social Responsibility and goals from the 2030 Agenda to analyze interview data from tour operators in five Caribbean Community (CARICOM) territories: Antigua, Barbados, Grenada, Jamaica and St. Lucia. Findings The results reveal that when designing new products and services, Caribbean tour operators contribute to sustainable development through social and economic change, responsible business model design, fair labor and operating practices, environmental sustainability and health and safety education. These behaviors do vary and are not consistent across the tour operators. Research limitations/implications Social and business planners and policymakers should create deliberate and purposeful mechanisms designed for Caribbean tourism MSMEs to have a fulsome understanding of how they might maximize contributions to the 2030 Agenda. Originality/value This work represents the first instance of use of the ISO 26000 Guidance in a Caribbean tourism context and provides insight into tour operators’ views toward corporate sustainability and CSSR.


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