scholarly journals Financial Leverage, Economic Growth and Environmental Degradation: Evidence from 30 Provinces in China

2020 ◽  
Vol 17 (3) ◽  
pp. 831
Author(s):  
Miyun Zhao ◽  
Rui Yang ◽  
Yi Li
Keyword(s):  
Economic Growth ◽  
Environmental Degradation ◽  
Carbon Emissions ◽  
Bank Loans ◽  
Policy Implications ◽  
Real Economy ◽  
Low Carbon ◽  
Financial Leverage ◽  
Low Carbon Economy ◽  
Generalized Moments

This study seeks to investigate the endogenous relationship between financial leverage, economic growth and environmental degradation in China by employing a the generalized moments method (GMM) panel vector autoregressive (PVAR) approach with a panel of data from China’s 30 provinces over the period 1997–2016. Three key results arise. First, financial leverage can significantly lessen economic growth, while economic growth decreases financial leverage. Second, economic growth provides an important impetus to boost carbon emissions. Finally, carbon emissions have inversely pushed up financial leverage. These results reflect to some extent China’s impressive rate of economic growth, which has been attained via continuously supporting inefficient state-owned enterprises and heavy and polluting industries through bank loans. The results are further supported by the variance decomposition. The findings provide valuable policy implications for deepening financial supply-side structure reform to transform and upgrade China’s real economy. These policy implications are conductive to developing a low-carbon economy.

scholarly journals Symmetric and Asymmetric Impact of Poverty, Income Inequality, and Population on Carbon Emission in Pakistan: New Evidence From ARDL and NARDL Co-Integration

2021 ◽  
Vol 9 ◽  
Author(s):  
Salim Khan ◽  
Wang Yahong
Keyword(s):  
Economic Growth ◽  
Income Inequality ◽  
Environmental Degradation ◽  
Carbon Emissions ◽  
Carbon Emission ◽  
Policy Implications ◽  
Gdp Per Capita ◽  
Long Run ◽  
Asymmetric Impact ◽  
Per Capita

Several researchers have studied the relationship between poverty and environmental degradation, as these concerns are remained at top priority in achieving Sustainable Development Goals (SDGs). However, the symmetric and asymmetric impact of poverty and income inequality along with population and economic growth on carbon emissions (CO2e) has not been studied in the case of Pakistan. For this purpose, the short and long-run impact of poverty, income inequality, population, and GDP per capita on CO2e investigated by applying the Autoregressive Distributive Lag (ARDL) along with Non-linear Autoregressive Distributive Lag (NARDL) co-integration approach in the context of Pakistan for period 1971–2015. The symmetric results of the current study show poverty and population density along with GDP per capita increase carbon emissions in both the short and long-run, while income inequality has no impact on carbon emissions in the short-run. While in the long-run the symmetric results show that income inequality weakens environmental degradation in terms of carbon emissions. The analysis of NARDL also supports the results obtained from ARDL and suggests a positive effect of poverty, population, and economic growth on carbon emission in Pakistan. The empirical findings of the current study provide policy implications in light of the United Nation's SDGs for the development of Pakistan.

An Empirical Study on China's Energy Consumption, Carbon Emissions and Economic Growth

2013 ◽  
Vol 869-870 ◽  
pp. 377-380
Author(s):  
Meng Hui Liu ◽  
Kun Kun Xue
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Carbon Emissions ◽  
Empirical Investigation ◽  
Var Model ◽  
Low Carbon ◽  
Low Carbon Economy ◽  
Negative Effect ◽  
The Relationship ◽  
Carbon Economy

With the development of low-carbon economy, it is necessary to explore the relationship between energy consumption, carbon emissions and the economic growth correctly. In this paper, the VAR model was proposed with analyzing the relationship between the three factories through pulse response graph. Through the empirical investigation, the result shows: increasing energy consumption can promote economic growth, while the increasing consumption will also raise emissions of carbon. However, the emissions of carbon have negative effect on economic growth. Therefore, we must correctly handle the relationship between the three factories. Thus, it offers the best way to develop the economic in this paper is to develop the low carbon economy.

Decoupling Analysis of Economic Growth and Carbon Emissions in Henan Province

2014 ◽  
Vol 1073-1076 ◽  
pp. 2545-2548 ◽  
Author(s):  
Shun Lei Peng ◽  
Hui Xie ◽  
Gan Qing Zhao
Keyword(s):  
Economic Growth ◽  
Carbon Emissions ◽  
High Energy ◽  
Henan Province ◽  
Low Carbon ◽  
The Sustainable Development ◽  
Low Carbon Economy ◽  
Long Time ◽  
Energy Consuming ◽  
The Relationship

The relationship between economic growth and carbon emissions is a hot issue of the sustainable development. We selected data of decoupling indicators from 1985 to 2010 of Henan Province to analysis the relationship between economic growth and carbon emissions. The results showed that the relationship between economic growth and carbon emission was weak decoupling for a long time, which indicated that economic rapid growth depended on increasing carbon emissions in Henan Province. This study suggested that Henan province should reduce the proportion of high energy-consuming industries, such as steel making, cement production, mining, etc, coordinate the relationship of economic growth and carbon emissions, and advocate low-carbon economy.

scholarly journals Determinants of Consumption-Based Carbon Emissions in Chile: Application of Non-Linear ARDL

2021 ◽  
Author(s):  
Tomiwa Sunday Adebayo ◽  
Edmund Ntom Udemba ◽  
Zahoor Ahmed ◽  
Dervis Kirikkaleli
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Technological Innovation ◽  
Environmental Degradation ◽  
Carbon Emissions ◽  
Policy Implications ◽  
The Novel ◽  
Long Run ◽  
Non Linear

Abstract In recent years, a growing number of scholars have employed various proxies of environmental degradation to understand the reasons behind rising environmental degradation. However, very few studies consider consumption-based carbon emissions even though a clear understanding of the impact of consumption patterns is essential to redirecting the pattern to more sustainable consumption. Thus, this study takes a step forward by using consumption-based carbon emissions (CCO2) as a proxy of environmental degradation using the novel non-linear ARDL. To the understanding of the investigators, no prior studies have investigated the drivers of consumption-based carbon emissions utilizing non-linear ARDL. The study employed ADF and KSS (non-linear) tests to check the stationary level of the data series. Additionally, the symmetric and asymmetric ARDL approaches are utilized to explore cointegration and long-run linkages. The results could not find symmetric cointegration among variables; however, the empirical estimates divulge the long-run asymmetric connection of indicators with the CCO2 emissions. The novel results from the asymmetric ARDL unfold that negative and positive changes in economic growth deteriorate the quality of the environment. Interestingly, a reduction in economic growth has a more dominant contribution to environmental degradation. Moreover, positive changes in renewable energy usage improve the quality of the environment in Chile inferring that Chile can achieve a reduction in environmental degradation by boosting renewable energy consumption. Surprisingly, the study found the ineffectiveness of technological innovation in reducing consumption-based carbon emissions which implies that technological innovation in Chile is not directed towards manufacturing green technology. Finally, the policy implications are discussed to reduce consumption-based carbon emissions.

scholarly journals Sustainable Energy-Related Infrastructure Development in the Mekong Subregion: Key Drivers and Policy Implications

2021 ◽  
Vol 13 (10) ◽  
pp. 5720
Author(s):  
Han Phoumin ◽  
Sopheak Meas ◽  
Hatda Pich An
Keyword(s):  
Carbon Dioxide Emissions ◽  
Energy Demand ◽  
Power Plants ◽  
Policy Implications ◽  
Infrastructure Investment ◽  
Infrastructure Development ◽  
Low Carbon ◽  
Energy Access ◽  
Low Carbon Economy ◽  
The One

Many players have supported infrastructure development in the Mekong Subregion, bridging the missing links in Southeast Asia. While the influx of energy-related infrastructure development investments to the region has improved the livelihoods of millions of people on the one hand, it has brought about a myriad of challenges to the wider region in guiding investments for quality infrastructure and for promoting a low-carbon economy, and energy access and affordability, on the other hand. Besides reviewing key regional initiatives for infrastructure investment and development, this paper examines energy demand and supply, and forecasts energy consumption in the subregion during 2017–2050 using energy modeling scenario analysis. The study found that to satisfy growing energy demand in the subregion, huge power generation infrastructure investment, estimated at around USD 190 billion–220 billion, is necessary between 2017 and 2050 and that such an investment will need to be guided by appropriate policy. We argue that without redesigning energy policy towards high-quality energy infrastructure, it is very likely that the increasing use of coal upon which the region greatly depends will lead to the widespread construction of coal-fired power plants, which could result in increased greenhouse gas and carbon dioxide emissions.

Research on Countermeasures Used in Low-Carbon Economy to Promote the Sustainable Development in Fujian Province of China

2011 ◽  
Vol 347-353 ◽  
pp. 2811-2814
Author(s):  
Nan Zhu ◽  
Bao Ming Li
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Legal System ◽  
Low Carbon ◽  
Fujian Province ◽  
Conservation Of Energy ◽  
The Sustainable Development ◽  
Low Carbon Economy ◽  
Develop Economy ◽  
Carbon Economy

Low-carbon economy is a new path which our country is taking to develop economy. As one of the provinces in the southeast coast of China, Fujian develop a low-carbon economy directly relating to the transformation of its economic growth, conservation of energy, improvement of productivity, innovation of technology and so on. We can say that the development of low-carbon economy directly affects the sustainable development of economy and society in Fujian province of China. Therefore, firstly, we believe that government and enterprise should optimize the allocation of resource and improve the utilization of resource. Secondly, the tax policies are supposed to adjust to stimulate the development of environmental protection industry. Thirdly, government should accelerate the construction of infrastructures. Fourthly, the legal system needs to be built and perfected so as to promote the development of low-carbon economy. At last, the investment of techniques is supposed to increase to a certain degree, and the ability of innovation and management of enterprises should be promoted to adapt the development of low-carbon economy of Fujian province.

Carbon Efficient Supply Chain Management: Literature Review with Extensions

2013 ◽  
Vol 291-294 ◽  
pp. 1407-1412 ◽  
Author(s):  
Liang Jie Xia ◽  
Dao Zhi Zhao ◽  
Bai Yun Yuan
Keyword(s):  
Supply Chain ◽  
Carbon Emissions ◽  
Optimization Theory ◽  
Production Optimization ◽  
Low Carbon ◽  
Low Carbon Economy ◽  
Chain Operation ◽  
Market Economy System ◽  
Supply Chain Operation ◽  
Carbon Economy

In low carbon economy, carbon emissions permit has become a kind of resource; in the market economy system, new economic relations between enterprises have appeared, these characteristics make enterprise operation cost structure and profiting pattern changed. The paper reviews the previous literature on carbon footprint, production optimization theory individual enterprise and supply chain operation management with carbon emissions constraints. Then the paper put forward four worth further research directions: Carbon emission cost distribution and scientific measurement in supply chain; supply chain operation based on consumer behavior in Low Carbon Economy Era; optimizing the allocation of carbon emissions permit in supply chain; Dynamic Multi-period operation optimization of carbon efficient supply chain.

Alternative scenarios for the future of the Canadian boreal zone1

2019 ◽  
Vol 27 (2) ◽  
pp. 185-199 ◽  
Author(s):  
James W.N. Steenberg ◽  
Peter N. Duinker ◽  
Irena F. Creed ◽  
Jacqueline N. Serran ◽  
Camille Ouellet Dallaire
Keyword(s):  
Climate Change ◽  
Ecosystem Services ◽  
Adaptive Capacity ◽  
Fossil Fuels ◽  
Global Climate ◽  
Policy Implications ◽  
Low Carbon ◽  
Boreal Zone ◽  
Low Carbon Economy ◽  
Carbon Economy

In response to global climate change, Canada is transitioning towards a low-carbon economy and the need for policy approaches that are effective, equitable, coordinated, and both administratively and politically feasible is high. One point is clear; the transition is intimately tied to the vast supply of ecosystem services in the boreal zone of Canada. This paper describes four contrasting futures for the boreal zone using scenario analysis, which is a transdisciplinary, participatory approach that considers alternative futures and policy implications under conditions of high uncertainty and complexity. The two critical forces shaping the four scenarios are the global economy’s energy and society’s capacity to adapt. The six drivers of change are atmospheric change, the demand for provisioning ecosystem services, the demand for nonprovisioning ecosystem services, demographics, and social values, governance and geopolitics, and industrial innovation and infrastructure. The four scenarios include: (i) the Green Path, where a low-carbon economy is coupled with high adaptive capacity; (ii) the Uphill Climb, where a low-carbon economy is instead coupled with low adaptive capacity; (iii) the Carpool Lane, where society has a strong capacity to adapt but a reliance on fossil fuels; and (iv) the Slippery Slope, where there is both a high-carbon economy and a society with low adaptive capacity. The scenarios illustrate the importance of transitioning to a low-carbon economy and the role of society’s adaptive capacity in doing so. However, they also emphasize themes like social inequality and adverse environmental outcomes arising from the push towards climate change mitigation.

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