Role of green finance in renewable energy development in the tourism sector

Shang, Yunfeng; Zhu, Lingrou; Qian, Fangbin; Xie, Yani

doi:10.1016/j.renene.2023.02.124

Cited by 110 publications

(20 citation statements)

References 32 publications

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“…Yet, there are accusations that renewable energy enterprises in China suffer particular financial challenges. Firms must create a market-oriented expenditure and finance framework when funding renewable energy projects (Shang et al 2023 ).…”

Section: Literature Reviewmentioning

confidence: 99%

RETRACTED ARTICLE: Banking sectors and carbon neutrality goals: mediating concern of financial inclusion

Sun

Zhang

2023

Environ Sci Pollut Res

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Since industrialization, GHGs have steadily grown, and climate change threatens human civilization. The Chinese government actively engages in the administration of the global environment and has suggested that carbon neutrality be attained by 2060. Regional communities must understand their current carbon neutrality status and objectively design a course to attain carbon neutrality due to significant regional development disparities. This research uses a GMM model in order to investigate the effect of the banking sector and financial inclusion on carbon neutrality for 30 provinces in China for the period of 2000–2020. The following are the key conclusions: (1) clean and efficient energy use, primarily reflected by carbon emissions intensity, carbon dioxide emissions per capita, and coal expenditure per capita, had the most significant influence on attaining carbon neutrality. (2) In terms of energy, economics, and environmental considerations, water consumption per capita, the volume of technology distribution, and carbon pollution intensity were the elements that had the most significant impact on carbon neutrality. (3) The provinces might be categorized into three groups depending on their ability to become carbon neutrality, with developed economies having an easier time doing so than resource-dependent provinces. Financial inclusion should also be increased in order to achieve long-term sustainability of the environment. The findings stand up well to both immediate and long-term policy consequences. The sustainable development goals (SDGs) of the United Nations (UN) are supported by this research.

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Section: Literature Reviewmentioning

confidence: 99%

RETRACTED ARTICLE: Banking sectors and carbon neutrality goals: mediating concern of financial inclusion

Sun

Zhang

2023

Environ Sci Pollut Res

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“…In another study, Zhang and Dilancheiv ( 2022 ) focused on China's green recovery context and found that resource efficiency accelerates the implementation of green recovery targets. Using sample data from China, Shang et al ( 2023c ) found that the most important success factors for electronic exhibitions to achieve a green economy recovery are international cooperation, green culture, and visitor attitudes. Goenka et al ( 2021 ) employed a dynamic general equilibrium model (DSGE) to find the relationship between green recovery and the COVID-19 pandemic.…”

Section: Literature Reviewmentioning

confidence: 99%

Ways to promote intra-regional trade and investment in Central Asia to boost the green recovery

Wu¹,

Pai³

2023

Econ Change Restruct

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The economic recession caused by the restrictions on the spread of the Coronavirus disrupted the economic life of many countries. The primary purpose of the paper is to measure the impacts of intra-regional trade and investment on the green recovery of five Central Asian economies over 2010–2021 through employing annual data and the panel co-integration approach. The results confirmed that the degree of green trade openness positively and significantly affects the green recovery. The estimated coefficient of direct foreign investment is negative. The patent coefficient is not statistically significant, and the official exchange rate has a positive effect. Financial development has a positive and significant coefficient. The paper has several policy implications, such as enhancing green FDI (Foreign Direct Investment), supporting green innovation, and promoting green trade liberalism for scholars and policymakers.

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“…The fact that the tourism industry is related to environmental concerns drives the international community's efforts to accomplish sustainable development goals [28]. Hence, it is important to test the EKC based on a comprehensive tourism analysis that improves the sector's productivity potential toward green growth achievements within a sustainable environment [8].…”

Section: Tourism-induced Environmental Kuznets Curve (T-ekc)mentioning

confidence: 99%

Can Business and Leisure Tourism Spending Lead to Lower Environmental Degradation Levels? Research on the Eurozone Economic Space

Halkos

Ekonomou

2023

Sustainability

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This study aims to investigate the impacts and identify the causal links between tourism expansion and the environment among countries of the Eurozone from 1996 to 2019 in the context of the environmental Kuznets curve (EKC). To achieve this end, we used a new set of untested tourism proxies when elaborating the EKC. We disaggregated the tourism phenomenon and highlighted its heterogenous nature by including specific and high-impact market segments such as business and leisure tourism spending as well as capital investment spending. The research findings indicate the pivotal role that tourism proxies have on environmental degradation in terms of greenhouse gas emissions (GHGs). Specifically, the identified reciprocal causalities between leisure and investment spending and environmental degradation suggest some complementarities between these variables. In the case of business tourism spending, an increase (decrease) in this variable leads to an increase (decrease) in environmental degradation. The last two feedback hypotheses indicate that the primary and final energy consumption Granger cause GHGs and vice versa. Such a result offers evidence for incorporating the concept of energy efficiency in tourism. Practical implications should motivate supply and demand dimensions within the tourism system to improve efficiency in tourism flow management. The supply side should transfer the environmental message to visitors to spend wisely and consume smarter, whereas the demand side should perform pro-environmental behavior by spending wisely and acting responsibly at destinations.

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Role of green finance in renewable energy development in the tourism sector

Cited by 110 publications

References 32 publications

RETRACTED ARTICLE: Banking sectors and carbon neutrality goals: mediating concern of financial inclusion

RETRACTED ARTICLE: Banking sectors and carbon neutrality goals: mediating concern of financial inclusion

Ways to promote intra-regional trade and investment in Central Asia to boost the green recovery

Can Business and Leisure Tourism Spending Lead to Lower Environmental Degradation Levels? Research on the Eurozone Economic Space

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