Article
Green & Sustainable Science & Technology
Mingwen Chen, RongJia Chen, Shiyong Zheng, Biqing Li
Summary: Environmental reformation and establishment of new pro-ecological businesses through green investment play a key role in the revolution of the Chinese industrial sector. The analysis aims to investigate the impact of green investment and technological progress on green industrial development. The results indicate that increasing R&D expenditures and green finance investment both positively affect industrial structure improvement. Technology is found to significantly contribute to industrial structure development in the long run. Therefore, top-level design is needed to increase green investment and technological development for green industrial development in China.
Article
Green & Sustainable Science & Technology
Junming He, Wasim Iqbal, Fangli Su
Summary: The present study investigates the impact of renewable energy investment on carbon emissions in 24 China provinces from 2005 to 2020, along with other factors such as green finance, income per capita, technical innovations, and industrial structure. The results show a stable long-run association between renewable energy investment and sustainable development. Additionally, renewable energy investment, technical innovations, and green finance significantly contribute to environmental sustainability, while economic development and industrial infrastructure have a negative effect on environmental sustainability.
Article
Environmental Sciences
Gongjin Hu, Wadim Strielkowski, Hui Li, Svetlana Zenchenko, Junwei Xu
Summary: Under the Green Credit Guidelines, the financialization behavior of heavily polluting enterprises has significantly decreased, especially for state-owned enterprises and companies in the eastern regions of China. Credit constraints and corporate innovation partially mediate the effect of green credit policy on corporate financialization, while internal corporate governance and external monitoring contribute to the disincentivizing effect of green credit policy. The findings validate the effectiveness of the Green Credit Guidelines in reducing corporate financialization and promoting sustainability.
FRONTIERS IN ENVIRONMENTAL SCIENCE
(2023)
Article
Economics
Tobias Broer, Karl Harmenberg, Per Krusell, Erik Oberg
Summary: We modify the wage contracting structure proposed in Chari (1983) to fit a dynamic, balanced-growth scenario with recontracting as described in Calvo (1983). This leads to a wage-rigidity framework that dampens income effects in the short run, allowing for significant responses of labor hours to aggregate shocks. The model dynamics closely resemble those in Jaimovich and Rebelo (2009), but with our probability of wage-contract resetting replacing their habit parameter. If wage contracts are reset frequently, labor supply follows the preferences of King, Plosser, and Rebelo (1988), while if they are never reset, the framework resembles that of Greenwood, Hercowitz, and Huffman (1988).
AMERICAN ECONOMIC REVIEW-INSIGHTS
(2023)
Article
Environmental Studies
Kun Chen, Rui Bian
Summary: This research examines the role of green finance and renewable resource efficiency in supporting China's sustainable development goals. The study analyzes the economic and environmental changes from 1988 to 2020, uses a linear regression model to assess the influence of the macroeconomic industry on China's sustainable development, and investigates how green technology investments, renewable energy use, and environmental legislation impact China's sustainable economic trajectory. The findings highlight the importance of green finance and renewable resource efficiency in achieving China's sustainable development goals, emphasizing the need to integrate environmental concerns into economic policies and practices.
Article
Development Studies
Mehmet Balcilar, Ojonugwa Usman, George N. Ike
Summary: This study explores the impact of green energy consumption and investment on economic growth using empirical models and tools. The results indicate that green energy consumption and investment have positive effects on economic growth, but the effects are heterogeneous and stronger in lower quantiles of economic growth. However, the utilization of green energy consumption and investment needs to be improved to achieve the goals of mitigating greenhouse effects and promoting sustainable development.
SUSTAINABLE DEVELOPMENT
(2023)
Article
Environmental Sciences
Yufeng Hu, Youqiang Ding, Jun Liu, Quanzhong Zhang, Zijian Pan
Summary: This study examines the roles of green fiscal policies and corporate green investment in carbon mitigation. It finds that both can independently guide businesses in reducing carbon emissions, and their non-linear impacts have been empirically verified. The results show that green fiscal policies support green innovation in enterprises, leading to carbon mitigation.
ENVIRONMENTAL RESEARCH LETTERS
(2023)
Article
Green & Sustainable Science & Technology
Lihui Li, Huimin Wang
Summary: Promoting green investment and green industry development is necessary for China's transformation to a high-quality and high-efficiency economic model. This study measures the level of sustainable development using the entropy method and examines the direct and spillover effects of green investment on sustainable development in China. The results show that green investment has a significant impact on sustainable development, especially in the eastern regions and highly urbanized areas.
Article
Environmental Sciences
Kylie Goodwin, Cameron Allen, Soo Huey Teh, Mengyu Li, Jacob Fry, Manfred Lenzen, Serena Farrelly, Constanza Leon, Sophie Lewis, Guangwu Chen, Heinz Schandl, Thomas Wiedmann
Summary: In 2019, the Australian Capital Territory (ACT) government aimed to prioritize the reduction of Scope 3 greenhouse gas emissions that had not been fully quantified before. This study assessed the total carbon footprint of ACT in 2018, including Scope 1, 2, and 3 emissions, and modeled scenarios to achieve a 1.5°C target approach. The analysis utilized a nested and trade-adjusted global multi-region input-output model, providing insights into the global origins and destinations of emissions.
ENVIRONMENTAL SCIENCE & POLICY
(2023)
Article
Environmental Sciences
Jasmine E. Livingston, Markku Rummukainen
Summary: This paper examines the review process of the Summary for Policymakers of the Special Report on Global Warming of 1.5 Degrees (SR15) published in 2018. It finds that knowledge selection and conflicts over policy-relevant knowledge on climate change shape the knowledge through discussions on scope, communication, framing, and IPCC procedures and evidence. The analysis demonstrates how credibility, salience, and legitimacy interact in shaping policy-relevant knowledge.
ENVIRONMENTAL SCIENCE & POLICY
(2023)
Article
Business, Finance
Ahmed Imran Hunjra, Muhammad Azam, Maria Giuseppina Bruna, Peter Verhoeven, Mamdouh Abdulaziz Saleh Al-Faryan
Summary: This study examines the impact of political risk, macroeconomic policy uncertainty, and social risk on sustainable development in developing countries. The empirical results demonstrate significant negative effects of these risk and uncertainty factors on sustainable development.
INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS
(2022)
Article
Economics
Pravakar Sahoo, Ashwani Bishnoi
Summary: India's investment slowdown has negatively affected its growth trajectory, particularly in the construction, mining, and service sectors. The impact of firm-specific variables, such as size and leverage, on investment drivers has been asymmetric. Higher leverage rates have a positive impact on investment, but this effect is offset during a tight monetary phase.
ECONOMIC MODELLING
(2023)
Article
Multidisciplinary Sciences
Qian Zhong, Xuemeng Ding, Xiaoke Sun, Hairui Zhao
Summary: This study uses the Difference-in-Differences method to examine the effects of the Green Credit Guidelines on market expansion strategies of Chinese listed companies. The findings show that the promulgation of Green Credit Guidelines significantly hindered the market expansion of high pollution enterprises, mainly through increased financing costs and promotion of green R&D. Heterogeneity analysis reveals that non-state-owned enterprises and those without equity incentive are more significantly impacted. Furthermore, the Green Credit Guidelines negatively affect the corporate image and profitability of high polluting enterprises, without increasing their risk.
Article
Environmental Studies
Yang Chen, Oleksii Lyulyov, Tetyana Pimonenko, Aleksy Kwilinski
Summary: The intensification of ecological issues prompts a shift towards green economic development that balances economic growth and environmental conservation. This study examines the impact of macroeconomic stability on green development in European Union countries from 2000 to 2020, demonstrating that harmonizing macroeconomic stability contributes to achieving synergistic effects for green economic development.
ENERGY & ENVIRONMENT
(2023)
Article
Economics
Lena Schreiner, Reinhard Madlener
Summary: This paper evaluates the macroeconomic impact of planned investments in power grid infrastructure in Germany, revealing that while net multiplier effects on outputs are positive, other effects are negative, including a decrease in value added, fiscal income, and employment. Further research is needed to determine the relative merits of flexibility options for accommodating renewables and the overall economic net benefits of sustainable energy transitions.
Article
Multidisciplinary Sciences
Jahel Mielke, Hannah Vermassen, Saskia Ellenbeck
PROCEEDINGS OF THE NATIONAL ACADEMY OF SCIENCES OF THE UNITED STATES OF AMERICA
(2017)
Article
Ecology
Jahel Mielke, Gesine A. Steudle
ECOLOGICAL ECONOMICS
(2018)
Article
Business, Finance
Jahel Mielke
JOURNAL OF SUSTAINABLE FINANCE & INVESTMENT
(2019)
Review
Environmental Studies
Jahel Mielke, Hannah Vermassen, Saskia Ellenbeck, Blanca Fernandez Milan, Carlo Jaeger
ENERGY RESEARCH & SOCIAL SCIENCE
(2016)