Analysis of regional carbon allocation and carbon trading based on net primary productivity in China

Wu, Yinyin; Wang, Ping; Liu, Xin; Chen, Jiandong; Song, Malin

doi:10.1016/j.chieco.2019.101401

Cited by 62 publications

(20 citation statements)

References 41 publications

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“…However, the findings also show that in recent years, almost all developed countries have been able to encourage their financial sectors to invest in eco-friendly technologies. However, it is unclear whether developing countries achieve this incentive, and examining those countries (especially China) through time-varying tests on historical data is vital for the global goal of mitigating carbon emissions (Chen et al, 2020b, Wu et al, 2020.…”

Section: Conclusion and Policy Implicationsmentioning

confidence: 99%

Time-varying impact of financial development on carbon emissions in G-7 countries: Evidence from the long history

Shahbaz

Destek

Dong

et al. 2021

Technological Forecasting and Social Change

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Financial development has been widely proved to be a key driver of economic growth; however, its environmental impact is still inconclusive, especially for G-7 countries (i.e. Canada, France, Germany, Italy, Japan, the United Kingdom (UK), and the United State (US)). This paper, therefore, investigates the time-varying impact of financial development on carbon dioxide (CO 2 ) emissions for G-7 countries over a long historical period. The study analyzes historical data from 1870 to 2014 for each country using bootstrap time-varying co-integration (TVC) and bootstrap rolling window estimation approaches. In addition, the polynomial trends of the estimated parameters are obtained to observe the relationship between financial development and carbon emissions. The empirical findings reveal that the impact of financial development on CO 2 emissions over a long history is M-shaped in Canada, Japan, and the US; inverted N-shaped in France, Italy, and the UK; and inverted M-shaped (W-shaped) in Germany. This empirical evidence opens new directions for policy makers to design comprehensive economic policy for using the financial sector as an economic tool to keep environmental quality at sustainable levels.

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Section: Conclusion and Policy Implicationsmentioning

confidence: 99%

Time-varying impact of financial development on carbon emissions in G-7 countries: Evidence from the long history

Shahbaz

Destek

Dong

et al. 2021

Technological Forecasting and Social Change

View full text Add to dashboard Cite

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“…Ecological balance and carbon sink economy receive more and more attention in coping with global warming. Wu et al (2020) estimated the potential benefits of the carbon sink economy. And there is an interaction between forest carbon sinks and climate change (Case et al, 2021).…”

Section: Kyoto Protocol and Forest Carbon Sinksmentioning

confidence: 99%

Does the Kyoto Protocol as an International Environmental Policy Promote Forest Carbon Sinks?

Lin

2021

Journal of Global Information Management

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Under the background of carbon neutrality, the carbon sequestration of forest ecosystems is an important way to mitigate climate change. Forest could not only protect the environment but also an important industry for economic development. As an international climate policy that first recognized the role of forest carbon sinks on climate change, the question becomes, has the Kyoto Protocol promoted the development of forest carbon sinks in contracting parties? To explore this, data of forest can be obtained at the national level. Hence, data of economic, social, polity and climate in 147 countries is also collected. The generalized synthetic control method is adopted. The results show that the policy effect of the Kyoto Protocol was obvious and significant. Moreover, the effect was more significant after the enforcement in 2005. Especially after the first commitment period, the policy effect of the second period is more obvious. Some policy implications are drawn.

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“…While macro studies are existing, there is dearth of studies at firm level that evidence a higher CFP due to a higher CEP. For example, Wu et al (2020), a macro study in China, estimate the potential benefits resulting from carbon trading using Data Envelopment Analysis (DEA) analysis on panel data. In India, Tamil Nadu Newsprint and Papers Ltd.'s bio-methanation project is a registered Clean Development Mechanism (CDM) project attracting carbon credits or certified emission reduction (CER) certificates that can in turn be traded in climate exchanges, boosting the company's revenues.…”

Section: Introductionmentioning

confidence: 99%

Corporate environmental performance–financial performance relationship in India using eco-efficiency metrics

Sudha

2020

MEQ

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PurposeThe purpose of this study is to attempt to empirically examine the impact of disaggregate, eco-efficiency-based measures of corporate environmental performance (CEP) on corporate financial performance (CFP) of Indian companies. Further, recent theories contending a bidirectional causality between them is also explored.Design/methodology/approachSecondary data of 224 Indian S&P 500 companies from 2002 to 2011 are used to run panel data regression models for examining the impact of CEP measures on accounting-based CFP measures.FindingsThe empirical results are statistically significant and provide evidence for a positive association of eco-efficiency-based CEP metrics on CFP metrics, thereby supporting Porter's win–win hypothesis. Further, the results evidence a positive bi-directional causality between CEP and CFP for one period time lag signalling possibility of mutual reinforcement in CEP–CFP relationship.Research limitations/implicationsThe study has used data for the period 2002–2011 and eco-efficiency metrics – energy, water and material efficiencies due to availability.Practical implicationsThe results have implications to both corporate managers as well as policymakers across all industries for emphasizing on eco-efficiency-based (proactive) environmental sustainability initiatives to enhance both financial and environmental bottom lines.Originality/valueThe study contributes to scarce empirical literature analysing the impact of CEP on financial performance. To the best of authors's knowledge, event studies, portfolio studies and perceptual data-based empirical studies exist in India. This study is unique in that it examines long run effect of eco-efficiency-based CEP metrics which is pertinent in a rapidly growing emerging market – India, where, eco-efficiency is considered quintessential for sustainable development.

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Analysis of regional carbon allocation and carbon trading based on net primary productivity in China

Cited by 62 publications

References 41 publications

Time-varying impact of financial development on carbon emissions in G-7 countries: Evidence from the long history

Time-varying impact of financial development on carbon emissions in G-7 countries: Evidence from the long history

Does the Kyoto Protocol as an International Environmental Policy Promote Forest Carbon Sinks?

Corporate environmental performance–financial performance relationship in India using eco-efficiency metrics

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