scholarly journals Nexus Between Green Finance, Energy Efficiency, and Carbon Emission: Covid-19 Implications From BRICS Countries

2021 ◽  
Vol 9 ◽  
Author(s):  
Xiaoxia Wang ◽  
Jiaoya Huang ◽  
Ziman Xiang ◽  
Jialiang Huang
Keyword(s):  
Energy Consumption ◽  
Financial Services ◽  
Carbon Dioxide Emissions ◽  
Trade Openness ◽  
Cross Sectional ◽  
Brics Countries ◽  
Green Finance ◽  
Negative Effect ◽  
The Government ◽  
Reduce Carbon Dioxide

The threats of climatic change on life, health, and the environment have been regarded by the joint consensus of scholars in the recent decades. With the advancement of global green development, green finance has paved the way for the government to respond to the challenges of climate change by providing mature financial services, appropriate financing, investment, and project funds related to environmental protection. In this context, green finance was proposed, and the relationship between green finance, renewable energy, and carbon emissions in the BRICS countries from 2000 to 2018 was further studied based on the quantile regression model. The presence of cross-sectional dependence in panel results is tested through CD and LM methods. The findings show the negative effect of green finance and non-fossil energy consumption on CO2 emissions. Furthermore, economic growth, trade openness, energy consumption, and foreign direct investment increase the CO2 emissions. Finally, the research results confirm that green finance is the best financial strategy to reduce carbon dioxide emissions.

scholarly journals Trade Openness and Urbanization impact on Renewable and Non-Renewable Energy Consumption in China

2021 ◽  
Author(s):  
Jiabin han ◽  
Muhammad Zeeshan ◽  
Irfan Ullah ◽  
Alam Rehman ◽  
Fakhr E Alam Afridi
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Trade Openness ◽  
Renewable Energy Consumption ◽  
Urbanization Effect ◽  
Energy Inputs ◽  
Negative Effect ◽  
Development Goals ◽  
The Government ◽  
Almost All

Abstract This study investigates the trade openness and urbanization effect on renewable and non-renewable energy consumption in China for the period 1990-2018. We apply the Quantile Regression technique for the analysis, our results show that trade significantly increases the non-renewable energy consumption in all quintiles while partially increases renewable energy consumption. This shows that trade activities in production and export commodities heavily rely on non-renewable energy inputs instead of renewable energy inputs. Urbanization affects non-renewable energy consumption only in three quintiles, while its effect is insignificant in most of the quintiles. Similarly, Urbanization does not affect renewable energy consumption as in almost all quantiles the coefficients are statistically insignificant. This implies that urbanization is one of the determinant of energy consumption in China. The empirical findings of this study suggest some policy recommendations; first, the government needs to implement certain regulations while expanding trade to minimize the negative effect of non-renewable energy consumption; besides government should provide incentives to industrial units and traders for using renewable energy which may help to attain long term sustainable development goals.

scholarly journals An Examination of Green Credit Promoting Carbon Dioxide Emissions Reduction: A Provincial Panel Analysis of China

2021 ◽  
Vol 13 (13) ◽  
pp. 7148
Author(s):  
Wenjie Zhang ◽  
Mingyong Hong ◽  
Juan Li ◽  
Fuhong Li
Keyword(s):  
Carbon Dioxide ◽  
Carbon Emissions ◽  
Carbon Dioxide Emissions ◽  
Industrial Structure ◽  
Emissions Reduction ◽  
Green Finance ◽  
Carbon Emissions Reduction ◽  
Negative Effect ◽  
Emissions Intensity ◽  
The Impact

The implementation of green finance is a powerful measure to promote global carbon emissions reduction that has been highly valued by academic circles in recent years. However, the role of green credit in carbon emissions reduction in China is still lacking testing. Using a set of panel data including 30 provinces and cities, this study focused on the impact of green credit on carbon dioxide emissions in China from 2006 to 2016. The empirical results indicated that green credit has a significantly negative effect on carbon dioxide emissions intensity. Furthermore, after the mechanism examination, we found that the promotion impacts of green credit on industrial structure upgrading and technological innovation are two effective channels to help reduce carbon dioxide emissions. Heterogeneity analysis found that there are regional differences in the effect of green credit. In the western and northeastern regions, the effect of green credit is invalid. Quantile regression results implied that the greater the carbon emissions intensity, the better the effect of green credit. Finally, a further discussion revealed there exists a nonlinear correlation between green credit and carbon dioxide emissions intensity. These findings suggest that the core measures to promote carbon emission reduction in China are to continue to expand the scale of green credit, increase the technology R&D investment of enterprises, and to vigorously develop the tertiary industry.

COVID-19 complications and entrepreneurial intention among the entrepreneurs of Pakistan: evidence from the second wave of the pandemic

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Bahadur Ali Soomro
Keyword(s):  
Structural Equation ◽  
Online Survey ◽  
Final Analysis ◽  
Entrepreneurial Intention ◽  
Equation Model ◽  
Cross Sectional ◽  
Content Type ◽  
Negative Effect ◽  
The Government ◽  
Second Wave

Purpose At present, nearly the whole globe is facing a severe threat of COVID-19. This study aims to examine the COVID-19 complications and entrepreneurial intention among the entrepreneurs of Pakistan. Design/methodology/approach The study used a deductive approach. An online survey is conducted to collect cross-sectional data from entrepreneurs of Pakistan. Convenience sampling is applied to target the respondents. In total, 278 usable answers proceed for final analysis. The structural equation model (SEM) is used to infer the results. Findings The findings of the study highlight a significant negative effect of fear of COVID-19 (FO19), perceived susceptibility (PSU) and perceived severity (PSE) on entrepreneurial intention (EI) among the entrepreneurs. Practical implications The study would provide the guidelines for policymakers and planners to combat the barriers of fear, PSU and PSE during a pandemic. The findings of the second wave of COVID-19 may provide a warning to the government to take preventive measures to face the severe effect of the pandemic. Finally, the outcomes of the study may enrich the depth of COVID-19 literature globally. Originality/value This study is the first study highlighting factors such as fear, PSU and PSE toward EI in COVID-19 second wave.

Entrepreneurs’ Competencies and Competitive Advantages: A Study on Malaysian Microenterprises

2019 ◽  
pp. 097215091985493
Author(s):  
Syed Ali Fazal ◽  
Abdullah Al Mamun ◽  
Ghazali Bin Ahmad ◽  
Muhammad Mehedi Masud
Keyword(s):  
Competitive Advantage ◽  
Low Income ◽  
Peninsular Malaysia ◽  
Policy Implications ◽  
Business Success ◽  
Cross Sectional ◽  
Positive Effects ◽  
Negative Effect ◽  
The Government ◽  
Relationship Competency

Considering the significance of relevant competencies towards business success and the dependency of socio-economical vulnerable micro-entrepreneurs on their enterprise income, this study examined the effect of entrepreneurs’ competencies (i.e., opportunity recognizing competency, strategic competency, organizing competency, relationship competency, conceptual competency and commitment competency) on the competitive advantage of microenterprises in Malaysia. This study adopted a cross-sectional research design and collected quantitative data from 300 randomly selected respondents from Peninsular Malaysia. The findings revealed significant positive effects of organizing and commitment competency on the competitive advantage with a significantly negative effect of relationship competency on the competitive advantage. Apart from enriching the current literature, this study offers significant policy implications for the government and socio-developmental organizations in Malaysia for improving the micro-entrepreneurship and uplifting large low-income groups from poverty.

scholarly journals Assessing the Role of Environmental Expenditures and Green Transport in Emissions Released by Transport: An Application of ARDL Approach

2021 ◽  
Vol 9 ◽  
Author(s):  
Zahid Hussain ◽  
Cuifen Miao ◽  
Weitu Zhang ◽  
Muhammad Kaleem Khan ◽  
Zhiqing Xia
Keyword(s):  
Energy Consumption ◽  
Carbon Dioxide Emissions ◽  
Time Series Data ◽  
Oecd Countries ◽  
Joint Effect ◽  
Series Data ◽  
Cross Sectional ◽  
Railway Traffic ◽  
Long Run ◽  
Environmental Expenditures

This study investigates the effects of transport and environmental factors on transport carbon dioxide emissions (TCO2). It employs cross-sectional autoregressive distributed lags for the estimation in the short and long runs and examines the panel time-series data from 2000 to 2020 in the OECD countries. This method allows heterogeneity in the dependencies and slope parameters across the countries. The results demonstrate that road and railway traffic movements increase the amount of TCO2 in the short and long runs. In addition, transport energy consumption is the driving factor in releasing TCO2 in the long run. Moreover, the joint effect of locomotives and transport energy consumption significantly reduces TCO2 in the short run. By contrast, the findings support the argument that environmental expenditures and green transport mitigate TCO2 in the long run. The findings also show an inverted u-shaped relationship between TCO2 and transport energy consumption. With the empirical findings as a basis, we suggest that the OECD countries should reduce traffic movements and enhance the environmental expenditures so that they may produce green transport vehicles to combat environmental issues.

scholarly journals FEATURES AND WAYS OF DECARBONIZATION ECONOMY OF KAZAKHSTAN

2020 ◽  
Vol 6 (444) ◽  
pp. 29-32
Author(s):  
B. K. Aliyarov ◽  
◽  
M. Zh. Zhurinov ◽  
◽  
◽  
...  
Keyword(s):  
Carbon Dioxide ◽  
Thermal Energy ◽  
Carbon Dioxide Emissions ◽  
Electric Energy ◽  
Carbon Taxes ◽  
Global Nature ◽  
The Government ◽  
Reduce Carbon Dioxide ◽  
Degree Of Participation ◽  
Short Time

The article emphasizes the inevitability of the formation of CO2 in the production of thermal and electric energy with the combustion of fossil fuel and analyzes the sources of carbon dioxide generation at power facilities in Kazakhstan. Technologies for the production of electrical and thermal energy with reduced generation of carbon dioxide, which are being implemented in a short time, are discussed. A possible method for quantifying the level of CO2 emissions for the conditions of Kazakhstan is shown, through the use of the specific consumption of conventional (carbon) fuels for production as a unit of thermal energy and / or electricity. A number of available and relatively cheap technological solutions are presented, which, when implemented, can significantly reduce carbon dioxide emissions. It is noted that these technologies can be implemented administratively and economically, and the formulations of the required decisions of the Government are given. For each of the proposed technologies, an assessment of possible volumes of reduction of carbon dioxide emissions is given and difficulties that may be encountered during implementation are indicated. A scheme for determining the degree of participation of a particular country in global carbonation is considered and it is shown that, depending on the method of "spreading" the total volume of emissions of a particular country, one and the same country can be both among prosperous countries and among a number of countries to which it is necessary to apply strict "carbon" taxes. It is noted that the determination of the share of a particular country in the form of emissions per unit area of the country's territory seems to be more "fair" taking into account the global nature of pollution.

scholarly journals Is China’s target of a 40-45% reduction in carbon dioxide emission plausible?

2017 ◽  
Vol 5 (1) ◽  
pp. 46-50 ◽  
Author(s):  
Mpho Bosupeng
Keyword(s):  
Economic Growth ◽  
Carbon Dioxide ◽  
Energy Consumption ◽  
Carbon Dioxide Emissions ◽  
Carbon Dioxide Emission ◽  
Environmental Preservation ◽  
Carbon Taxation ◽  
Reduce Emissions ◽  
Potential Damage ◽  
Reduce Carbon Dioxide

AbstractIn the early days of industrialisation, economists believed that the ramifications of economic growth will far outweigh the potential damage to the environment. Today the concern is the rising magnitude of emissions. Many economies are under immense pressure to reduce carbon dioxide emissions. Carbon taxation and absorption technologies seem to be the main mechanisms controlling emissions in different nations. China proposed her target of reducing carbon dioxide emissions by 40-45% by 2025. The purpose of this study is to determine if China’s ambition of reducing its carbon dioxide emissions is feasible. This investigation also examines the potential effects of China's emissions on the economic growth of other countries. The study demonstrates that China’s target may not only reduce her output, but may also adversely affect the economic growth of others. This article further reveals that unemployment in China is likely to soar during the reduction in emissions and energy consumption. Additionally, this paper evaluates the effects of green taxation on carbon dioxide emissions. In conclusion, there is a possibility that China may reach her emissions target by 2025. However, the country faces a dilemma between economic growth and environmental preservation. It is recommended that China should explore techniques which will reduce emissions but not impinge negatively on economic growth.

THE DRIVERS OF ENVIRONMENTAL DEGRADATION IN ASEAN+China: DO FINANCIAL DEVELOPMENT AND URBANIZATION HAVE ANY MODERATING EFFECT?

2020 ◽  
pp. 2050024 ◽  
Author(s):  
KIZITO UYI EHIGIAMUSOE
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Financial Development ◽  
Environmental Degradation ◽  
Trade Openness ◽  
High Carbon ◽  
Cross Sectional ◽  
Cross Sectional Dependence ◽  
Growth Energy ◽  
The Impact

This study examines the drivers of environmental degradation in [Formula: see text]. It focusses on three unresolved questions: (i) Does the inclusion of China in ASEAN panel aggravate environmental degradation, given that China is a high carbon emissions country? (ii) Does financial development moderate the impact of energy consumption on environmental degradation in ASEAN? (iii) Does urbanization moderate the impact of energy consumption on environmental degradation in ASEAN? It employs empirical strategies that account for heterogeneity, endogeneity and cross-sectional dependence. The results show that economic growth, energy consumption and non-renewable energy aggravate environmental degradation, whereas renewable energy, foreign direct investment and trade openness mitigate it. The inclusion of China in ASEAN panel weakens the EKC hypothesis. Financial development favorably moderates the effect of energy consumption on environmental degradation in ASEAN, but adversely moderates the effect in [Formula: see text]. Urbanization adversely moderates the impact of energy consumption on environmental degradation in both panels. Hence, efforts to address environmental degradation should consider these different drivers.

scholarly journals Carbon Dioxide Emissions, Energy Consumption and Economic Growth: A Comparative Empirical Study of Selected Developed and Developing Countries. “The Role of Exergy”

Energies ◽  
2018 ◽  
Vol 11 (10) ◽  
pp. 2668 ◽  
Author(s):  
Raúl Arango-Miranda ◽  
Robert Hausler ◽  
Rabindranarth Romero-Lopez ◽  
Mathias Glaus ◽  
Sara Ibarra-Zavaleta
Keyword(s):  
Economic Growth ◽  
Carbon Dioxide ◽  
Energy Consumption ◽  
Empirical Study ◽  
Carbon Dioxide Emissions ◽  
Energy Intensity ◽  
Trade Openness ◽  
Control Variable ◽  
Future Research

Diverse factors may have an impact in carbon dioxide (CO2) emissions; thus, three main contributors, energy consumption, gross domestic product (GDP) and an exergy indicator are examined in this work. This study explores the relationship between economic growth and energy consumption by means of the hypothesis postulated for the Environmental Kuznets Curve (EKC). Panel data for ten countries, from 1971 to 2014 have been studied. Despite a wide gamma of research on the EKC, the role of an exergy variable has not been tested to find the EKC; for this reason, exergy analysis is proposed. Exergy analyses were performed to propose an exergetic indicator as a control variable and a comparative empirical study is developed to study a multivariable framework with the aim to detect correlations between them. High correlation between CO2, GDP, energy consumption, energy intensity and trade openness are observed, on the other hand not statistically significant values for trade openness and energy intensity. The results do not support the EKC hypothesis, however exergy intensity opens the door for future research once it proves to be a useful control variable. Exergy provides opportunities to analyze and implement energy and environmental policies in these countries, with the possibility to link exergy efficiencies and the use of renewables.

Sign in / Sign up

Export Citation Format

Share Document