scholarly journals Conditions Driving Low-Carbon Innovation in a Medium-Sized European Country That Is Catching Up–Case Study of Poland

Energies ◽  
2021 ◽  
Vol 14 (7) ◽  
pp. 1997
Author(s):  
Arkadiusz Świadek ◽  
Jadwiga Gorączkowska ◽  
Karolina Godzisz
Keyword(s):  
Institutional Environment ◽  
Developed Countries ◽  
Low Carbon ◽  
Low Carbon Economy ◽  
Technological Gap ◽  
Catching Up ◽  
The Government ◽  
Systemic Nature ◽  
Low Carbon Technologies ◽  
The Impact

Studies on the determinants of low-carbon innovations in developed countries already exist. We test here the institutional environment in Poland (science–government–enterprise) as supporters of the technological change in industry towards a low-carbon economy. We will examine as well whether conclusions for well-developed countries are relevant for those catching up. The aim of the article is to assess the systemic nature and durability of the impact of internal and external conditions on the implementation of low-carbon technologies in Polish industry. In order to achieve the goal, two surveys were carried out for the periods 2007–2012 and 2013–2018, on sample sizes of 11,493 enterprises. To verify the hypotheses, a statistical multi–factor logit modelling was used to determine the chances of low-carbon innovations under the influence of various parallel circumstances. The results of this research point to other, often abrupt (unstable) phenomena occurring in the catching-up economy, which are the consequence of a long-term technological gap. The case of Poland shows the lack of cooperation between science, enterprises and the government in stimulating the development of low-carbon technologies, although enterprises do try to implement such technologies on their own in the absence of any external cooperation. Without Research and Development (R&D) support and government subsidies, the attempt to implement low-carbon technology fails. Thus, the institutional framework should distinguish between catching-up and developed countries due to the gaps in technological knowledge, cooperation and institutional barriers.

Stock Market Reaction on Green-Bond Issue: Evidence from Indian Green-Bond Issuers

2021 ◽  
pp. 097226292110225
Author(s):  
Rakesh Kumar Verma ◽  
Rohit Bansal
Keyword(s):  
Stock Returns ◽  
Financial Institutions ◽  
Stock Price ◽  
Stock Exchange ◽  
Abnormal Returns ◽  
Developed Countries ◽  
Low Carbon ◽  
Bond Issue ◽  
The Government ◽  
The Impact

Purpose: A green bond is a financial instrument issued by governments, financial institutions and corporations to fund green projects, such as those involving renewable energy, green buildings, low carbon transport, etc. This study analyses the effect of green-bond issue announcement on the issuer’s stock price movement. It shows the reaction of the stock price after the issue of green bonds. Methodology: This study is based on secondary data. Green-bond issue dates have been collected from newspaper articles from different online sources, such as Business Standard, The Economic Times, Moneycontrol, etc. The closing prices of stocks have been taken from the NSE (National Stock Exchange of India Limited) website. An event window of 21 days has been fixed for the study, including the 10 days before and after the issue date. Data analysis is carried out through the event study method using the R software. Calculation of abnormal returns is done using three models: mean-adjusted returns model, market-adjusted returns model and risk-adjusted returns model. Findings: The results show that the issue of green bonds has a significant positive effect on the stock price. Returns increase after the green-bond issue announcement. Although the announcement day shows a negative return for all the samples taken for the study, the 10-day cumulative abnormal return (CAR) is positive. Thus, green-bond issues lead to positive sentiments among investors. Research implications: This research article will help the government issue more green bonds so that the proceeds can be utilized for green projects. The government should motivate corporations and financial institutions to issue more green bonds to help the economy grow. In India, very few organizations have issued a green bond. It will be beneficial if these players issue green bonds, as it will increase the firms’ value and boost returns to the investors. Originality/value: The effect of green-bond issue on stock returns has been analysed in some studies in developed countries. This is the first study to examine the impact of green-bond issue on stock returns in the Indian context, to the best of our knowledge.

Development of Alternative Energy in Russia in the Context of a Low-Carbon Economy Model

2019 ◽  
Vol 2019 (4) ◽  
pp. 122-139
Author(s):  
Olga Kudryavtseva ◽  
Elena Mitenkova ◽  
Olga Malikova ◽  
Maksim Golovin
Keyword(s):  
Renewable Energy ◽  
Alternative Energy ◽  
Institutional Environment ◽  
Renewable Energy Sources ◽  
Government Support ◽  
Low Carbon ◽  
Economy Model ◽  
Low Carbon Economy ◽  
The Government ◽  
Carbon Economy

The article is dedicated to the analysis of the development of alternative energy in Russia as one of the key factors of forming a low-carbon economy model. Authors reviewed the main stages of forming the institutional environment which regulated the process of the transition to a low-carbon economy model and a wider use of alternative energy including renewable energy sources (RES).Authors analyzed the renewable energy industry in Russia. The empirical base of the study consists of auctions results conducted in the framework of the government support of RES during 2013-2018 and the information system “SPARK”. Using the Concentration ratio, the Herfindahl-Hirschman and the Hall-Tideman indices authors revealed a high level of concentration in this industry in the context of each type of RES. In addition, an analysis of the ownership structure of companies has shown that the most successful companies are companies in the form of partnerships between the state, a Russian company and / or a foreign company.

The Effects and Countermeasures of Low-Carbon Economy on China’s International Competitiveness of Industries

2014 ◽  
Vol 989-994 ◽  
pp. 1216-1219
Author(s):  
Jian Bo Hu
Keyword(s):  
World Economy ◽  
International Competitiveness ◽  
Low Carbon ◽  
High Carbon ◽  
Low Carbon Economy ◽  
Strategic Objective ◽  
Core Technology ◽  
Low Carbon Technologies ◽  
The Impact ◽  
Carbon Economy

Contradiction between the environment and economic development have become increasingly prominent, high-carbon development model of the world economy is more difficult to maintain, low-carbon development has becomea strategic objective of all countries. Countries hold low-carbon technologies, the establishment of a green trade barriers, lack of core technology and our industry, lack of international competitiveness of exports facing enormous challenges. For this reason, the paper deeply analyzes the impact of a low-carbon economy on the international competitiveness of the industry and made a reasonable suggestions and strategies from both countries and companies on how to enhance the international competitiveness of industry.

scholarly journals Has Green Finance Facilitated China's Low-Carbon Economic Transition?

2021 ◽  
Author(s):  
Li Wenqi ◽  
Jingjing Fan ◽  
Jiawei Zhao
Keyword(s):  
Economic Transition ◽  
Spillover Effect ◽  
Economic Transformation ◽  
Low Carbon ◽  
Low Carbon Economy ◽  
Green Finance ◽  
Using Data ◽  
Low Carbon Technologies ◽  
The Impact ◽  
Carbon Economy

Abstract The development of green finance helps to promote the transition to a low-carbon economy. Using data from 30 provinces in China from 2001-2019, we empirically examine the impact of green finance on the transition to a low-carbon economy and further explore the mediating role of low-carbon technological innovation in this facilitation process. The study finds that (1) green finance can significantly contribute to the transformation of the low-carbon economy from China as a whole. However, when China is divided into four regions: east, central, west and northeast, the contribution of green finance to the low-carbon economic transition in the west is not significant. (2) After adding low-carbon technologies to the model, green finance still has a significant contribution to the low-carbon economic transition, but this contribution decreases with the intervention of low-carbon technologies. (3) There is a strong spatial dependence between green finance development and low-carbon economic transformation in 30 Chinese provinces. However, the dependence among provinces tends to weaken after 2011. And the overall green financial development in China shows a positive spillover effect on the low-carbon economic transition. Based on the analysis results, several countermeasures are proposed to promote the further development of China's low-carbon economy.

scholarly journals The Impact of Planting Industry Structural Changes on Carbon Emissions in the Three Northeast Provinces of China

2021 ◽  
Vol 18 (2) ◽  
pp. 705
Author(s):  
Hongpeng Guo ◽  
Sidong Xie ◽  
Chulin Pan
Keyword(s):  
Carbon Emissions ◽  
Structural Changes ◽  
Multiple Linear Regression Model ◽  
Industry Structure ◽  
Estimation Methods ◽  
Low Carbon ◽  
Carbon Sinks ◽  
Resource Endowment ◽  
The Government ◽  
The Impact

This paper focuses on the impact of changes in planting industry structure on carbon emissions. Based on the statistical data of the planting industry in three provinces in Northeast China from 1999 to 2018, the study calculated the carbon emissions, carbon absorptions and net carbon sinks of the planting industry by using crop parameter estimation and carbon emissions inventory estimation methods. In addition, the multiple linear regression model and panel data model were used to analyze and test the carbon emissions and net carbon sinks of the planting industry. The results show that: (1). The increase of the planting area of rice, corn, and peanuts in the three northeastern provinces of China will promote carbon emissions, while the increase of the planting area of wheat, sorghum, soybeans, and vegetables will reduce carbon emissions; (2). Fertilizer application, technological progress, and planting structure factors have a significant positive effect on net carbon sinks, among which the changes in the planting industry structure have the greatest impact on net carbon sinks. Based on the comprehensive analysis, it is suggested that, under the guidance of the government, resource endowment and location advantages should be given full play to, and the internal planting structure of crops should be reasonably adjusted so as to promote the development of low-carbon agriculture and accelerate the development process of agricultural modernization.

scholarly journals Application of Multi-Actor Multi-Criteria Analysis for Transition Management in Energy Communities

2021 ◽  
Vol 13 (4) ◽  
pp. 1783
Author(s):  
Maria Luisa Lode ◽  
Geert te Boveldt ◽  
Cathy Macharis ◽  
Thierry Coosemans
Keyword(s):  
Social Representation ◽  
Added Value ◽  
Final Decision ◽  
Transition Management ◽  
Low Carbon ◽  
Current Application ◽  
Low Carbon Economy ◽  
Multi Criteria Analysis ◽  
Multi Stakeholder ◽  
The Impact

Energy communities (ECs) play a role in the transition towards a low-carbon economy by 2050 and receive increasing attention from stakeholders within the energy sector. To foster ECs, transition management (TM) is a promising managerial approach to steer and guide the transition towards more sustainable practices. However, TM lacks a consistent methodology that addresses the criticism of the current application. To investigate what a structured and replicable TM approach for ECs can look like, this paper applies the multi-actor multi-criteria analysis (MAMCA), a participative multi-criteria decision method, to a case study EC in the Netherlands involving various stakeholders. The impact of the application on power relations, the political sphere, sustainability conceptualization, guidance of transitions, and representation was analyzed. MAMCA was found useful for multi-stakeholder settings seen in potential ECs, offering a unifying methodology for the practical application of TM. In the EC setting, the added value of MAMCA within TM lies more in the social representation, insight into stakeholder viewpoints, and communication rather than in final decision-making.

“Air pollution arrested not imprisoned”: The impact of laws invoked on Covid-19 city lockdowns

2021 ◽  
Vol 2 (4) ◽  
Author(s):  
Emmanuel Mensah Aboagye ◽  
◽  
Nana Osei Owusu ◽  
Keyword(s):  
Air Pollution ◽  
Environmental Problem ◽  
World Health Organisation ◽  
Developed Countries ◽  
World Health ◽  
Economic Activities ◽  
Global Pandemic ◽  
Depth Study ◽  
The Government ◽  
The Impact

Air pollution continues to be an environmental problem that poses a lot of health risks to the young and aged. Developed countries have invested heavily to curb this environmental problem, causing severe threats to human lives, yet the results do not look convincing. In developing countries, the situation is difficult than they can imagine, resulting in governments borrowing to fight what looks like a lost battle [1-3]. The in-depth study of this environmental menace - air pollution, suggests that the government enacts stringent measures to help fight this battle. This is because air pollution has natural (volcanic eruption) and anthropogenic (human activities) causes. In December 2019, the deadly Coronavirus (Covid-19) outbreak was soon declared as a global pandemic by the World Health Organisation (WHO) [4]. Majority of countries have had their share of the impact of this outbreak. Many countries resorted to city lockdown to strictly control the movement of people and economic activities as recommended by WHO.

scholarly journals Impact of Organizational Commitment on Intention to Quit Among Psychaitric Nurses: Evidence from Pakistan

2015 ◽  
Vol 5 (4) ◽  
Author(s):  
Kashifa Yasmin ◽  
Prof. Dr. Najib Ahmad Marzuki
Keyword(s):  
Organizational Commitment ◽  
Structural Equation ◽  
Turnover Intentions ◽  
Psychiatric Hospitals ◽  
Developed Countries ◽  
Intention To Quit ◽  
Equation Modeling ◽  
Cross Sectional ◽  
The Government ◽  
The Impact

<p><em>Shortage of the nurses is an important issue in the developing and developed countries. The aim of this paper is to determine the impact of organizational commitment on intention to quit among psychiatric nurses. Based on the model of casual turnover this study assessed the direct effect of organizational commitment on nurse’s intention to quit. The cross sectional data was collected from three hundred five nurses of psychiatric hospitals in Punjab, Pakistan. Structural equation modeling was applied to achieve the objectives. The results revealed that affective commitment and normative commitment have significant impact while continuous commitment has not significant effect on nurse’s intention to quit.  So, the commitment of nurse to hospital goals, missions, and values is not enough to predict her intention to quit from job in the hospital. This study recommends that, the government and policy makers should look beyond forces in their internal and external environment, when considering how to reduce employee’s turnover intentions. This study recommends that future researchers should examine the impact of work environment on intention to quit though burnout as a unit variable. This study contributes socially and economically.</em></p><p><em> </em></p>

Catching-up and Leapfrogging in Key Manufacturing Sectors

2021 ◽  
pp. 136-155
Author(s):  
Keun Lee
Keyword(s):  
Mobile Phones ◽  
Explicit Knowledge ◽  
Developed Countries ◽  
Cycle Times ◽  
Catching Up ◽  
Manufacturing Sectors ◽  
Market Regimes ◽  
Catch Up ◽  
The Government ◽  
High Degree

Chapter 6 assesses China’s catching-up and leapfrogging in key manufacturing sectors compared with the Korean experience. It explains the varying records of market catch-up by referring to diverse aspects of technological and market regimes, such as modularity, degrees of embodied technical change, tacitness of knowledge, knowledge accessibility, and frequency of innovations. Easy access to foreign technologies from developed countries (mobile phones vs. semiconductors), high degree of modularity (mobile phones vs. automobiles and semiconductors), and frequent changes in the generations of technologies or short cycle times of technologies (mobile phones and telecommunications systems vs. automobiles) generally help latecomers catch up. More importantly, sectors with a high degree of tacit knowledge (e.g., automobiles) tend to show a slower speed of catch-up than the manufacturers of telecommunications equipment with a high degree of explicit knowledge. Whether markets feature segmentation (or the existence of low-end niche segments for Chinese latecomers) seems to play an important role in the market regimes. Chinese firms manage to achieve initial success from a low-end market in segmented market conditions (e.g., telecommunications equipment and mobile phones) or markets protected by the government (e.g., telecommunications equipment). Conversely, they face high entry barriers in markets with no such segmentation (e.g., memory chips), which is one of the reasons for their slow progress in the memory chip sector (see also Chapter 4). These cases also suggest that technological regimes are not the only paramount determining factor; the outcomes are affected by the roles of actors, including firms and governments.

scholarly journals Bringing the Low-Carbon Agenda to China: A Study in Transnational Policy Diffusion

2013 ◽  
Vol 42 (1) ◽  
pp. 199-215 ◽  
Author(s):  
Andreas Hofem ◽  
Sebastian Heilmann
Keyword(s):  
Opinion Leaders ◽  
Policy Agenda ◽  
Low Carbon ◽  
Low Carbon Economy ◽  
Research Institutes ◽  
Transnational Actors ◽  
Government Bureaucracy ◽  
The Government ◽  
Level Analysis ◽  
Carbon Economy

This study traces the transnational interactions that contributed to introducing the low-carbon economy agenda into Chinese policymaking. A microprocessual two-level analysis (outside-in as well as inside-access) is employed to analyse transnational and domestic exchanges. The study provides evidence that low-carbon agenda-setting – introduced by transnational actors, backed by foreign funding, promoted by policy entrepreneurs from domestic research institutes, propelled by top-level attention, but only gradually and cautiously adopted by the government bureaucracy – can be considered a case of effective transnational diffusion based on converging perceptions of novel policy challenges and options. Opinion leaders and policy-brokers from the government-linked scientific community functioned as effective access points to the Chinese government's policy agenda.

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