Green finance in circular economy: a literature review

Kumar, Bhavesh; Kumar, Love; Kumar, Avinash; Kumari, Ramna; Tagar, Uroosa; Sassanelli, Claudio

doi:10.1007/s10668-023-03361-3

Cited by 36 publications

(2 citation statements)

References 203 publications

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“…Kumar et al [11], who explore in their study the field of green finance and the circular economy through the analysis of specialized literature, find that green finance supports sustainable development, and prevents and limits the effect of climate change, through investments in the circular economy. Kumar et al [12] show in their study that for the comprehensive approach to global problems such as global warming or the depletion of natural resources, which demand the transition to sustainable development, the large-scale use of green finance is mandatory.…”

Section: Introductionmentioning

confidence: 99%

A Panel Analysis Regarding the Influence of Sustainable Development Indicators on Green Taxes

Sabău-Popa,

Bele,

Bucurean

et al. 2024

Sustainability

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Green taxes are taxes collected to protect the environment by controlling the negative effects of certain activities and products on the environment. They are also an instrument of environmental policy and can therefore contribute to several sustainable development goals. According to the studies carried out, the green economy aims to ensure sustainable development. The main objective of this paper is to identify the existing relationships between green taxes and sustainable economic development through a dynamic panel analysis. A dynamic panel analysis was therefore carried out on the existing links between environmental taxes and charges at the European level and the indicators of the circular economy. The results of the two dynamic regressions for the two dependent variables, namely total green taxes and energy taxes, show a positive and significant correlation with the variation of GDP and with primary energy consumption, confirming the hypothesis that environmental taxes and energy taxes are closely linked to these two important indicators of sustainable development. Thus, as GDP changes, the taxes on energy production and the energy products used in both transport and stationary applications increase. As a result of the analysis, we can note that the increase in primary energy consumption and the consumption of raw materials leads to an increase in environmental and energy taxes. Energy taxes are a possible solution to reduce CO2 emissions in third world countries and may even stimulate climate action. In contrast, we found no significant correlation between green taxes and the following variables: Human Development Index, net greenhouse gas emissions, private investment and gross value added related to circular economy sectors, the consumption of raw materials, waste generated, waste treatment, the supply, transformation, and consumption of renewable energy, public expenditure on environmental protection, and climate-related economic losses.

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Section: Introductionmentioning

confidence: 99%

A Panel Analysis Regarding the Influence of Sustainable Development Indicators on Green Taxes

Sabău-Popa,

Bele,

Bucurean

et al. 2024

Sustainability

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“…Green finance aims to utilize green financial tools to solve the economic and ecological problems faced in forestry development, improve the forestry carbon model (Qin et al, 2023), continue to promote the innovation of forestry financial products (Zhang, 2023), improve the ecological environment of forestry, form a benign cycle of environmental protection and green development, and promote the green and sustainable development of forestry economy. Internationally, green finance and green trading tools aim at promoting environmental protection and sustainable development (Smol, 2022), but green finance involves a broader scope, uses more diversified tools, provides more comprehensive services, can provide sufficient financial support and risk protection for green development, can effectively couple with the development of the circular economy, and is conducive to realizing the developing countries' zero-carbon goal of developing countries (Kumar, 2023).…”

Section: Introductionmentioning

confidence: 99%

Study on the impact of green finance on green total factor productivity in forestry—evidence from China

Gong,

Wang

2024

Front. Environ. Sci.

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China's forestry industry's ecological, economic, and social benefits have improved significantly. However, practical problems remain, such as irrational industrial structure, serious resource consumption, and low environmental transformation efficiency. The green total factor productivity is an important index to measure the transformation of economic development mode, and improving the green total factor productivity in forestry is of great significance in guiding the transformation of forestry economy, improving the structure of agricultural economy, and realizing the green development of forestry economy. Based on the panel data of 30 provinces and cities in China from 2006 to 2021, this article adopts the entropy value method and the Global Malmquist–Luenberger index based on the SBM directional distance function to construct the index system of green finance and forestry green total factor productivity and empirically analyzes the impact and mechanism of green finance on forestry green total factor productivity. It was found that 1) green finance can improve local forestry green total factor productivity and influence the neighboring regions to improve forestry green total factor productivity through economic spillover effect, and the coefficient of spatial spillover effect was 0.1041. 2) There were regional differences in the impact of green finance on forestry green total factor productivity, which was explicitly presented as a gradual decrease from east to west “ladder-like”. 3) There was a 30.46% intermediary effect of forestry industry structure in the influence of green finance on forestry green total factor productivity. 4) There was a double-threshold effect of human capital in the influence of green finance on forestry green total factor productivity, and there was a non-linear effect of marginal increment in the influence of green finance on forestry green total factor productivity after the threshold of 5.87 human capital. Based on China's ecological and economic development background, it was significant to utilize green finance to solve forestry economic development problems and promote China's green and sustainable development, and therefore put forward policy recommendations.

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Understanding the Theoretical Context of Green Finance

Bagh,

Iftikhar

2024

Palgrave Studies in Impact Finance

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Green finance in circular economy: a literature review

Cited by 36 publications

References 203 publications

A Panel Analysis Regarding the Influence of Sustainable Development Indicators on Green Taxes

A Panel Analysis Regarding the Influence of Sustainable Development Indicators on Green Taxes

Study on the impact of green finance on green total factor productivity in forestry—evidence from China

Understanding the Theoretical Context of Green Finance

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