Environmentalism in the EU-28 context: the impact of governance quality on environmental energy efficiency

Apergis, Nicholas; Garćıa, Claudia

doi:10.1007/s11356-019-06600-1

Cited by 50 publications

(9 citation statements)

References 86 publications

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“…A better quality of regulatory can make a better group of standards related to energy in countries and can solve the barriers to carry out energy efficiency projects leading to a higher energy efficiency level. This finding is in line with Wang et al (2004), Kaller et al (2018), Alam et al (2019) and Apergis and Garcia (2019) who proved the positive impact of regulatory quality on energy efficiency. The issued green bond shows positive impact on energy efficiency index which highlights the significant role of green bonds on enhancement of financing energy efficiency projects in OECD countries.…”

Section: Empirical Estimation Resultssupporting

confidence: 85%

Energy efficiency financing and the role of green bond: policies for post-Covid period

Rasoulinezhad

2021

CFRI

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PurposeOne of the major negative effects of the Coronavirus outbreak worldwide has been reduced investment in green energy projects and energy efficiency. The main purpose of this paper is to study the role of green bond proposed by the World Bank in 2008, as a reliable instrument to enhance the capital flow in energy efficiency financing and to develop green energy resources during and post the current challenging global time.Design/methodology/approachWe model energy efficiency for 37 members of OECD through a panel data framework and quarterly data over 2007Q1–2020Q4.FindingsThe major results reveal the positive impacts of issued green bonds and regulatory quality index on energy efficiency, while any increase in inflation rate and urbanization decelerates the progress of raising energy efficiency.Practical implicationsAs highlighted concluding remarks and policy implications, it can be expressed that the tool of green bond is a potential policy to drive-up energy efficiency financing and enhancing environmental quality during and post-COVID period. It is recommended to follow green bond policy with an efficient regulation framework and urbanization saving energy planning.Originality/valueTo the best of the authors' knowledge, although a few scholars have investigated the impacts of COVID-19 on green financing or examined the energy efficiency financing, the matter of modeling energy efficiency–green bond relationship has not been addressed by any academic study. The contributions of this paper to the existing literature are: (1) it is the first academic study to discover the relationship between energy efficiency and green bond in OECD countries, (2) since our empirical part provides estimation results based on quarterly data covering the year of 2019 and 2020, it may offer some new policy implications to enhance energy efficiency financing in and post-COVID period, (3) furthermore, we consider energy efficiency indicator (mix of industrial, residential, services and transport energy efficiency) as the dependent variable instead of using the simple energy intensity variable as a proxy for energy efficiency.

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Section: Empirical Estimation Resultssupporting

confidence: 85%

Energy efficiency financing and the role of green bond: policies for post-Covid period

Rasoulinezhad

2021

CFRI

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“…Also, when analyzing the literature, one should highlight the fact that in terms of the issue of corporate responsibility for environmental damage, today the subject of attention of the international community is the positive duty of states to provide effective mechanisms for holding business entities liable for such violations, as well as in cases where entities management do not introduce mechanisms for assessing the risks of their activities for the environment, public health, environmental well-being of a particular community, and so on [6,7].…”

Section: Literature Reviewmentioning

confidence: 99%

The Main Threats in the Practice of a Lawyer to Ensure Environmental Safety in the Context of COVID-19

Azzam¹,

Alshunnaq²,

Lesko³

et al. 2022

IJSSE

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The main purpose of the study is to determine the main ways to counter environmental threats, taking into account the impact of COVID-19 in the practice of a modern lawyer. To achieve this goal, we used the methodology of functional modeling and graphical display to represent the key stages and processes of counteracting the negative impact of environmental threats. Among the global problems of our time, one of the central cities occupies the issue of proper environmental protection, taking into account the peculiarities of the whole variety of its components and the impact of COVID-19. Conservation of natural resources, along with environmental well-being, is the determining factor in the comfort of human existence, ensuring the sustainability of social and economic development. The concept of harm to the environment and legal liability for such harm at the scientific level began to be developed relatively recently, which determined the relevance of the chosen issue. As a result of the study, a methodological approach was proposed to reflect the main measures to counter environmental threats on the part of practicing lawyers.

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“…Consequently, political economy variables have a notable impact on understanding the relationship between urbanization and environmental degradation, which, in turn, affects CO 2 emissions and greenhouse gases. Furthermore, Apergis and Garćıa [46] and Ozturk et al [47] point out that governance quality is an important driver of energy efficiency and, hence, of environmental policies. In addition, Cansino et al [48] found robust evidence that both a higher level of institutional quality and a higher level of technological progress in 19 Latin America Countries act as inhibitors of greenhouse gas emissions into the atmosphere.…”

Section: Literature Reviewmentioning

confidence: 99%

Carbon Dioxide and Greenhouse Gas Emissions: The Role of Monetary Policy, Fiscal Policy, and Institutional Quality

et al. 2022

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Environmental control remains a salient aspect of states’ policies in the present decade. To reduce emissions, governments and central banks tend to adopt various strategies. The present research quantifies the nexus between fiscal and monetary policy, institutions’ quality, central bank characteristics, and carbon dioxide and greenhouse gas emissions. Data has been sourced from 95 countries during the period from 1998 to 2019. According to the empirical results, the main determinants of gas emissions in developing countries are economic growth, government expenses, and central bank independence, whereas, in developed countries, they are economic growth, government efficiency, and central bank transparency and independence. Economic growth is a significant deteriorating factor in the state of the environment. By contrast, institutional and bureaucratic quality, measured through government effectiveness and expansionary fiscal policies as well as central bank independence and transparency, are ameliorating factors, as they decrease emissions. To conclude, governments must first reduce control over central banks and target government spending on the energy transition.

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Environmentalism in the EU-28 context: the impact of governance quality on environmental energy efficiency

Cited by 50 publications

References 86 publications

Energy efficiency financing and the role of green bond: policies for post-Covid period

Energy efficiency financing and the role of green bond: policies for post-Covid period

The Main Threats in the Practice of a Lawyer to Ensure Environmental Safety in the Context of COVID-19

Carbon Dioxide and Greenhouse Gas Emissions: The Role of Monetary Policy, Fiscal Policy, and Institutional Quality

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