Innocent devils: The varying impacts of trade, renewable energy and financial development on environmental damage: Nonlinearly exploring the disparity between developed and developing nations

Kumari, Sonia; Tajeddini, Kayhan; Bajaj, Namarta Kumari; Ali, Rajib

doi:10.1016/j.jclepro.2022.135729

Cited by 56 publications

(12 citation statements)

References 48 publications

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“…Human activities, especially carbon dioxide emissions, account for 77% of total greenhouse gas emissions [ 2 ], which have made significant contributions to environmental degradation, leading to catastrophic events worldwide. In this regard, Sikandar’s [ 3 ] study explored the different impacts of trade, renewable energy, and financial development on environmental damage, and non-linear explored the differences between developed and developing countries. This study highlights the significant differences in trade, renewable energy utilization, and financial development between developed and developing countries, as well as how these factors interact with environmental destruction.…”

Section: Introductionmentioning

confidence: 99%

The gender and culture effect on the CO2 emission empirical analysis

Zhang,

Chen,

Zou

2024

PLoS ONE

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In recent years, the world has been facing severe challenges from climate change and environmental issues, with carbon dioxide emissions being considered one of the main driving factors. Many studies have proven that activities in various industries and fields have a significant impact on carbon dioxide emissions. However, few studies have explored the impact of gender on carbon dioxide emissions. This study aims to explore the potential impact of gender diversity on carbon dioxide emissions in the boards of directors of developed and emerging market enterprises. In addition, we also analyzed how board cultural diversity affects carbon dioxide emissions. We searched two European indices provided by Morgan Stanley Capital International (MSCI) from the Bloomberg database and conducted empirical analysis. We selected the MSCI index and MSCI emerging market index from 2010 to 2019 as samples and thoroughly cleaned up the data by removing any observations containing missing information on any variables. Statistical methods such as t-test, ordinary least squares, panel data analysis, regression analysis, and robustness testing were used for statistical analysis. At the same time, differential testing was conducted on sensitive and non-sensitive sectors, and the average representation of female boards in sensitive industries was low. The research results show that the proportion of female members on a company’s board of directors is negatively correlated with carbon dioxide emissions. This discovery is consistent with the legitimacy theory advocating for gender equality and environmental sustainability, emphasizing the importance of gender diversity in reducing greenhouse gas emissions. However, agency theory suggests that diversity may lead to internal conflicts within a company, leading to agency costs and information asymmetry. The research results show a negative correlation between board cultural diversity and carbon dioxide emissions, indicating the potential challenge of board cultural diversity. This study provides important insights for decision-makers and managers, not only inspiring corporate social responsibility and environmental policy formulation, but also of great significance for academic research in the field of climate change. Our research findings help deepen our understanding of the factors that affect carbon dioxide emissions in different sectors and countries, while also expanding the research field between gender diversity, cultural diversity, and environmental sustainability. Although this study still needs to be further expanded and deepened, it provides useful insights into the relationship between board gender and cultural diversity and carbon dioxide emissions.

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Section: Introductionmentioning

confidence: 99%

The gender and culture effect on the CO2 emission empirical analysis

Zhang,

Chen,

Zou

2024

PLoS ONE

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“…Similarly, improved employment rates resulting from CCUS initiatives can spur investment in CCUS projects [28]. Additionally, factors such as trade volume and foreign direct investment can influence a nation's industrial activity and emissions, thereby shaping the prioritization of carbon reduction technologies, including CCUS [29]. Moreover, the relationship between energy factors, such as consumption and prices, and CCUS adoption is complex.…”

Section: Literature Reviewmentioning

confidence: 99%

CCUS Technology and Carbon Emissions: Evidence from the United States

Mon,

Tansuchat,

Yamaka

2024

Energies

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Carbon Capture, Utilization, and Storage (CCUS) represents a vital technology for addressing pressing global challenges such as climate change and carbon emissions. This research aims to explore the relationship between the CCUS capability and carbon emissions in the United States considering thirteen predictors of CCUS and carbon emissions. Incorporating these predictors, we aim to offer policymakers insights to enhance CCUS capabilities and reduce carbon emissions. We utilize diverse econometric techniques: OLS, Lasso, Ridge, Elastic Net, Generalized Method of Moments, and Seemingly Unrelated Regression. Elastic Net outperforms the other models in explaining CCUS, while OLS is effective for carbon emissions. We observe positive impacts of the number of projects and foreign direct investment on the CCUS capacity, but limited influence from the CCUS technology level. However, the relationship between the CCUS capacity and carbon emissions remains limited. Our study highlights the importance of incentivizing projects to increase CCUS capabilities and recognizes the critical role of legal and regulatory frameworks in facilitating effective CCUS implementation in the US. Moreover, we emphasize that achieving decarbonization goals necessitates the development of affordable green alternatives. It is essential to view CCUS as a complementary, rather than a sole, solution for emission reduction as we work towards achieving net-zero emission targets.

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“…The developed financial sector augments the consumption of energy and other economic activities that further boost the emissions of CO 2 and thus hamper the environmental quality. Recently, Qalati, et al, (2023) investigated the empirical nexus between energy consumption, trade, FD, and environmental damages. They found that the environmental damages were more apparent in the countries that have developed the financial sector.…”

Section: Review Of Literature and Hypotheses Developmentmentioning

confidence: 99%

The Nexus between tourism-energy-environmental degradation: Does financial development matter in GCC countries?

et al. 2023

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Environmental sustainability, energy consumption, and tourism are the most discussed topics in the literature. However, limited studies have catered to the relationship among these variables. From this perspective: the current study aims to find the nexus between tourism, energy alternatives, financial development, and pollution emissions by targeting the Gulf Cooperation Council (GCC) economies. We employ the data of six GCC economies for the years 2000–2019 and adopt fully modified ordinary least square and generalized least square approaches to establish the regression. The findings reveal a positive impact on the number of tourist arrivals (ITAs) while a negative impact on tourism receipts on pollution emissions. Similarly, fossil fuel energy (FFE) shows a positive while renewable energy depicts a negative relationship with CO2 emissions. This positive impact of tourist arrivals and fossil fuel energy was moderated by financial development. In addition to individual analysis, the developed financial sector can help to reduce the negative externalities of ITA and FFE. The empirical analysis further documents the positive impact of all control variables including foreign investment, economic growth, and gross capital formation on CO2 emissions. Based on empirical results, it is recommended to bring financial development into the picture to reduce the negative impact of ITA and FFE on environmental quality. This study put forward the literature by adding innovative thoughts regarding the moderating role of financial development in the nexus between tourism, energy alternatives, and CO2 emissions.

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Innocent devils: The varying impacts of trade, renewable energy and financial development on environmental damage: Nonlinearly exploring the disparity between developed and developing nations

Cited by 56 publications

References 48 publications

The gender and culture effect on the CO2 emission empirical analysis

The gender and culture effect on the CO2 emission empirical analysis

CCUS Technology and Carbon Emissions: Evidence from the United States

The Nexus between tourism-energy-environmental degradation: Does financial development matter in GCC countries?

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