Energy saving, GHG abatement and industrial growth in OECD countries: A green productivity approach

Wang, Yun; Sun, Xun; Wang, Baocai; Xiao-ling, Liu

doi:10.1016/j.energy.2019.116833

Cited by 57 publications

(16 citation statements)

References 30 publications

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“…In developed economies, especially, the interdependence of environmental degradation, energy consumption, and economic growth has become a public priority. Results are already being seen from the GHG emissions mitigation and green growth efforts [24]. Additionally, the trend in developed economies is an increase in environmental awareness levels and higher consciousness of climate change.…”

Section: Literature Reviewmentioning

confidence: 99%

Impact of Banking and Financial Systems on Environmental Sustainability: An Overarching Study of Developing, Emerging, and Developed Economies

et al. 2020

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In recent years, the developed, emerging, and developing economies have prioritized environmental sustainability attainment. In an attempt to offer some potential policy choices towards the achievement of sustainable development, this paper shifts emphasis from the popularly discussed economic development and carbon emissions nexus. Instead, we examine the impact of the banking and financial system’s activities on carbon emissions for a sample of 45 countries. These are comprised of developed, emerging, and developing countries between 1990 and 2017. To fill the gap in the literature, the nexus is examined in seven different phases. This study exposes robust and reliable empirical results with the use of Feasible General Least Squares, random effects with regards to the Durbin–Wu–Hausman test, and Difference General Method of Moments panel data estimation models. Our findings indicate that the increase of domestic credit to the private sector and commercial bank lending consistently contributes towards aggravated carbon emissions in all economic types. Additionally, increased deposit rates in developing economies, increased lending rates in developed economies, and increased deposit rates in emerging economies contribute towards the overall reduction of carbon emissions. The decrease in lending to high GHG emitting members of the private sector by financial institutions in all economies is recommended based on the results of this study.

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Section: Literature Reviewmentioning

confidence: 99%

Impact of Banking and Financial Systems on Environmental Sustainability: An Overarching Study of Developing, Emerging, and Developed Economies

et al. 2020

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“…In this line, the research conducted by Ahmed (2020), Martínez-Zarzoso et al (2019), Wang et al (2020aWang et al ( , 2020b, Ouyang et al (2019) resorted to policy instruments for innovation, productivity, technological innovation and green growth.…”

Section: Literature Reviewmentioning

confidence: 99%

The Asymmetric Effect of Environmental Policy Stringency on CO2 Emissions in OECD Countries

2021

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HAL is a multi-disciplinary open access archive for the deposit and dissemination of scientific research documents, whether they are published or not. The documents may come from teaching and research institutions in France or abroad, or from public or private research centers. L'archive ouverte pluridisciplinaire HAL, est destinée au dépôt et à la diffusion de documents scientifiques de niveau recherche, publiés ou non, émanant des établissements d'enseignement et de recherche français ou étrangers, des laboratoires publics ou privés.

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“…It measures the comprehensive level of low-carbon technologies over a certain period of time [ 43 ]. Increasing carbon productivity is an important way to achieve low-carbon transformation of economic modes [ 44 ]. It is estimated that China needs to increase its carbon productivity by a factor of 10 times to achieve the greenhouse gas emission target of IPCC2025 [ 45 ].…”

Section: Literature Reviewmentioning

confidence: 99%

Does Emission Trading Boost Carbon Productivity? Evidence from China’s Pilot Emission Trading Scheme

Zhou

Liang

Zhou

et al. 2020

IJERPH

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As the country with the largest carbon emissions globally, the effective operation of China’s carbon emissions trading scheme (ETS) is of great importance to the global community in terms of mitigating climate change. This paper considers China’s pilot ETS launched in 2013 as a quasi-natural experiment. Exploring provincial industrial-level data that are more in line with the ETS coverage, the difference-in-difference-in-difference (DDD) model is used to evaluate the impact of the ETS on carbon productivity. Considering different pilot regions and industries, we also analyze the heterogeneous effect of ETS. Moreover, the mediating effects of technical progress and capital investment are explored. We find that China’s pilot ETS boosted carbon productivity. Among pilot regions, the best policy effectiveness appeared in Beijing, while the weakest effectiveness appeared in Chongqing. Among the pilot industries, the pilot ETS had better effectiveness in petrochemical and electric power industries and weaker effectiveness in building materials and transportation industries. Additionally, the pilot ETS promoted carbon productivity through both technological progress and capital investment, and the former contributed more. Our findings can provide empirical references and policy implications for nationwide implementation of ETS to further promote low-carbon economic transformation.

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Energy saving, GHG abatement and industrial growth in OECD countries: A green productivity approach

Cited by 57 publications

References 30 publications

Impact of Banking and Financial Systems on Environmental Sustainability: An Overarching Study of Developing, Emerging, and Developed Economies

Impact of Banking and Financial Systems on Environmental Sustainability: An Overarching Study of Developing, Emerging, and Developed Economies

The Asymmetric Effect of Environmental Policy Stringency on CO2 Emissions in OECD Countries

Does Emission Trading Boost Carbon Productivity? Evidence from China’s Pilot Emission Trading Scheme

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