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

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.

Firm- and country-level determinants of green investments: an empirical analysis

PurposeThis study aims to examine the determinants of corporate green investments (GI) by using a series of both firm- and country-level factors.Design/methodology/approachThe authors collect information on environmental expenditures of 763 firms from 40 countries and use random effects regressions to identify the determinants of GI.FindingsThe authors find that larger firms tend to invest more in green projects, whereas firms that are highly valued or more profitable are less likely to go green. In terms of country-level determinants, we find that the gross domestic product (GDP) per capita and population are positively related with GI, while GDP growth and surface area are negatively associated with GI. Additionally, firms in common-law countries and English-speaking countries make fewer GI than firms in other countries.Social implicationsThe findings of this research not only contribute to the academic literature in these areas, but also have important implications for both regulators and policymakers in countries that exhibit sub-par GI or who otherwise aim to increase GI by firms operating in their country.Originality/valueThe authors identify and explore the key determinants of GI from both a firm- and country-level perspective.

Environmental Effects of Credit Allocation Structure and Environmental Expenditures: Evidence from China

This article studies how the allocation structure of bank credit capital between state-owned and private enterprises and government environmental expenditures affect environmental pollution in China. The present literature argues that credit allocation and government environmental expenditures may play an important role in environmental quality improvement. However, these studies rarely consider the credit allocation structure between State-owned enterprises (SOEs) and private enterprises; in addition, they overlook the interaction effects of credit allocation and government environmental expenditures. Based on these, we put forward three hypotheses. Moreover, the study applies relevant spatial data for 2011–2017 from 31 provinces in China to a spatial econometric model, and the results indicate that (1) environmental pollution among provincial regions shows a significant positive spatial autocorrelation. (2) Environmental expenditures and environmental pollution display an inverse U-shaped relationship, which supports the numerical simulation results. (3) The interaction effect of credit allocation structure and environmental expenditures on environmental pollution is significantly positive, which means that the allocation of more credit capital to private enterprises will restrain the effect of government environmental expenditures. With the increasing significance of environmental protection in China, it is necessary to strengthen the supervision of private enterprises’ environmental pollution behavior, expand government expenditures on ecological protection, and promote regional collaborative environmental governance to improve environmental quality.

Environmental Disclosure: Study on Efficiency and Alignment with Environmental Priorities of Spanish Ports

The purpose of this article is to analyze, in a three-stage research project and from an economic an operational perspective, the relationships between environmental expenses, the improvements achieved in five environmental variables analyzed and efficiency. To achieve these objectives, we analyze sustainability reports and economic data from 24 Spanish ports. The three aforementioned stages of this research are the following: first, the analysis of the sustainability reports to determine the level of information; second, the analysis of the economic and operational efficiency; and, third, the analysis of the alignment with the environmental priorities of the Eco Ports-ESPO (European Sea Ports Organization). The results reveal that (1) the type of traffic does not affect environmental actions; (2) environmental performance (improvements) depends on environmental expenditures; (3) environmental spending and efficiency in port operations are correlated; and (4) environmental spending and port economic efficiency are correlated. The research can contribute to the decision-making process of port managers by revealing that the alignment with the EcoPorts priorities can be important to direct the environmental performance of the ports towards the global interests revealed in this indicator. It also reveals that environmental expenditures and investments may be related to environmental performance and economic and operational efficiency. However, it also reveals that it is important to improve the extent of environmental disclosure to better explain the qualitative and monetary characteristics of each piece of information provided about environmental performance.

Environmental Disclosure: Study on Efficiency and Alignment with Environmental Priorities of Spanish Ports

The purpose of this article is to analyze, in a three-stage research, the relationships between environmental expenses, the improvements achieved in 5 environmental variables analyzed and efficiency, from an economic and operational perspective. The stages of this research are analyzing the sustainability reports to determine the level of information, analyzing the economic and operational efficiency, and analyzing the alignment with the environmental priorities of the Eco Ports-ESPO (European Sea Ports Organization). The results reveal that (1) the type of traffic does not condition environmental actions; (2) environmental performance (improvements) depends on environmental expenditures; (3) environmental spending and efficiency in port operations are correlated; and (4) environmental spending and port economic efficiency are correlated.

State Environmental Expenditures in New England and Their Relationship to Other Programmatic and Political Metrics

State environmental agencies have developed into one of the primary mechanisms by which public health and quality of life is managed and protected within the United States. This analysis attempts to provide some understanding of what economic and political factors may be influencing funding for state environmental agencies in six New England states: Connecticut, Maine, Massachusetts, New Hampshire, and Vermont. The demographic makeup of New England, an area that is relatively well-off, highly educated, socially liberal, and diverse, make it the ideal place to test the relationships between state environmental agency spending and other key economic and political metrics.Financial data sets evaluated as part of this study include state spending on 11 common programmatic areas. Non-financial data sets in this analysis include the percentage of voters casting ballots by political party for Democratic presidential candidates, U.S. Senators, U.S Representatives, and Governors, as well as the composition by political party of the upper and lower houses of state legislatures. A Pearson’s product moment correlation coefficient was used to compare each state’s environmental expenditures with the 17 independent variable data sets.Natural Resource spending was positively correlated with Education spending in five states. Total (state) Expenditures also correlate positively with Natural Resource spending. General Revenues, similar to Total Expenditures, positively correlate with Natural Resource spending in five states, suggesting that state environmental agencies are effective bureaucratically in lobbying for and obtaining needed funding. State environmental agencies funding correlated positively with the percent of the electorate voting for the Democratic Presidential candidate in Connecticut, Maine, Massachusetts, New Hampshire, and Rhode Island. This correlation is similar to those noted by other researchers, but the remaining state-level political data sets were less useful in establishing potential relationships.

THE IMPACT OF PUBLIC CONSORTIUM IN ENVIRONMENTAL SPENDING FROM MUNICIPALITIES IN SOUTHERN BRAZIL

Environmental preservation is a State responsibility, and the State use public resources. Control and understand how and what impact the environmental spending is important to check the performance and concerns of public managers with the environment. This study aims to determine the influence of the participation of environmental public consortium located in the south of Brazil in environmental expenditures of the municipalities between 2012 and 2016. The research method is based on a multivariate model with pooled data, applying Pooled Ordinary Least Squares. The results show that in this region there twenty consortium, made up of 308 municipalities. It was found that the consortium have positive and statistically significant influence on environmental spending.