{"title":"Geoeconomic fragmentation: What is at stake for energy transition in the Global North? Empirical evidence from panel-quantile-type estimation methods","authors":"Godwin Olasehinde-Williams , Cihat Köksal","doi":"10.1016/j.igd.2025.100227","DOIUrl":"10.1016/j.igd.2025.100227","url":null,"abstract":"<div><div>This paper explores the impact of geoeconomic fragmentation on the energy transition in the Global North, a region historically responsible for high greenhouse gas emissions yet crucial in addressing climate change. Recent policy shifts away from economic integration have raised concerns about the risks of geoeconomic fragmentation in climate policy discussions. Using panel quantile methods, the study analyzes how trade restrictions and other factors influence renewable energy consumption across 23 Global North countries from 1990 to 2020. The results show a dual effect: at lower to middle levels of renewable energy consumption, geoeconomic fragmentation positively influences energy transition. However, at higher levels, its impact turns negative, emphasizing the importance of economic integration and reduced trade barriers. These findings suggest that policies should be tailored to specific national conditions to balance geoeconomic shifts with sustainable energy goals. Ultimately, this research highlights the complex relationship between economic fragmentation and energy transition.</div></div>","PeriodicalId":100674,"journal":{"name":"Innovation and Green Development","volume":"4 2","pages":"Article 100227"},"PeriodicalIF":0.0,"publicationDate":"2025-03-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143697183","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Economic crises and the erosion of sustainability: A global analysis of ESG performance in 100 countries (1990–2019)","authors":"Chun Kai Leung , Jeremy Ko , Xiaoxian Chen","doi":"10.1016/j.igd.2025.100226","DOIUrl":"10.1016/j.igd.2025.100226","url":null,"abstract":"<div><div>This study investigates the relationship between national economic crises and Environmental, Social, and Governance (ESG) performance across 100 countries from 1990 to 2019. While ESG frameworks have gained prominence in assessing sustainability, limited attention has been given to the role of economic instability in shaping national ESG outcomes. By drawing on insights from geography, sociology, and development studies, this research explores how economic disruptions affect the ESG dimensions of sustainability. Using a fixed-effects regression model and multiple robustness checks, the findings indicate that economic crises are associated with significant declines in national ESG performance, with developing countries being more adversely affected than developed ones. The disaggregated analysis reveals that social and environmental dimensions are particularly vulnerable during crises, while governance performance also suffers. Among the different types of crises, sovereign debt and currency crises exert the most severe impacts, reflecting their broader structural consequences on national sustainability efforts. This study highlights the interdependence between economic stability and ESG outcomes, underscoring the need for further research into the mechanisms linking economic disruptions and sustainability metrics. The findings provide policymakers with insights for designing strategies that mitigate the adverse effects of economic crises on sustainability in an increasingly volatile global context.</div></div>","PeriodicalId":100674,"journal":{"name":"Innovation and Green Development","volume":"4 2","pages":"Article 100226"},"PeriodicalIF":0.0,"publicationDate":"2025-03-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143705693","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Review of global sustainable solar energy policies: Significance and impact","authors":"Teegala Srinivasa Kishore , Potnuru Upendra Kumar , Vidyabharati Ippili","doi":"10.1016/j.igd.2025.100224","DOIUrl":"10.1016/j.igd.2025.100224","url":null,"abstract":"<div><div>As efforts worldwide to mitigate climate change strengthen, solar energy has arisen as a critical component of national energy strategies aimed at reducing CO<sub>2</sub> releases. In 2023, worldwide CO<sub>2</sub> releases from energy rose by 1.1 % to a record 37.4 gigatons, largely due to increased coal use and rising energy demand. This paper examines the role of solar energy in curbing emissions by analyzing electricity trends and policies from top solar-producing nations. This review employs a comprehensive methodology, encompassing a literature review (2015–2023), analysis of country-specific solar energy policies, empirical data and case studies, and an evaluation of challenges with future recommendations, to assess global solar energy development. Quantitative data shows that solar energy can significantly reduce emissions, with every megawatt hour of solar electricity reducing approximately 0.5 tons of CO<sub>2</sub>. Case studies from countries like Germany and California demonstrate how robust solar policies contribute to emissions reductions, while examples from India and China highlight the challenges of continued reliance on fossil fuels. The paper emphasizes the importance of widespread strategy frameworks that not only encourage solar adoption but also discusses broader energy system dependencies. This study provides a comprehensive analysis of global solar energy policies and their effectiveness in mitigating climate change. By comparing successful and challenged implementations, it highlights critical factors for policy success and offers actionable recommendations for future solar energy strategies. The research underscores the potential of large-scale solar energy deployment to significantly reduce global CO2 emissions by 2050, thus contributing to a more sustainable and less carbon-intensive future.</div></div>","PeriodicalId":100674,"journal":{"name":"Innovation and Green Development","volume":"4 2","pages":"Article 100224"},"PeriodicalIF":0.0,"publicationDate":"2025-03-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143679732","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Dynamic effects of uncertainty, risks, R&D, and innovation on global economic growth","authors":"Hasibul Islam","doi":"10.1016/j.igd.2025.100225","DOIUrl":"10.1016/j.igd.2025.100225","url":null,"abstract":"<div><div>For the first time, this study investigates the impact of uncertainty (Monetary Policy), risks (Climate and Geopolitical), research and development, and Innovation on economic growth. Using a dataset covering a global perspective from 1985 to 2022, this study employs dynamic time series data techniques to analyze these relationships empirically. This study reveals that monetary policy uncertainty significantly affects economic growth positively in the long run but shows no significant impact in the short run. On the other hand, geopolitical risk exhibits a significant negative relationship with economic growth over the long term, while its short-term effects are negligible. Research and development expenditures positively impact economic growth in the long run but negatively influence economic growth in the short term. Reflecting innovation outputs, patents contribute positively to economic growth consistently across different time horizons. Furthermore, climate-related risks present complex dynamics: the Transition Risk Index shows a significant negative impact on long-term economic growth while exhibiting a positive influence in the short term. Conversely, the Physical Risk Index positively impacts economic growth in the long term but negatively affects growth in the short term. These findings underscore the critical role of economic policies, Innovation, and environmental risks in shaping global economic dynamics.</div></div>","PeriodicalId":100674,"journal":{"name":"Innovation and Green Development","volume":"4 2","pages":"Article 100225"},"PeriodicalIF":0.0,"publicationDate":"2025-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143679730","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Adnan Ali , Faisal Faisal , Aliya Zhakanova Isiksal , Iman Sulaiman Amur AL Maktoumi
{"title":"Do green finance and health expenditures lessen the ecological footprint to ensure sustainable development?","authors":"Adnan Ali , Faisal Faisal , Aliya Zhakanova Isiksal , Iman Sulaiman Amur AL Maktoumi","doi":"10.1016/j.igd.2025.100223","DOIUrl":"10.1016/j.igd.2025.100223","url":null,"abstract":"<div><div>Green finance influences both health expenditures and environmental quality. Focussing on SDGs 3, 7, and 8, this study investigates the nexus between ecological footprint, green finance, health expenditures, renewable energy consumption, and economic growth using data from 2000 Q<sub>1</sub>-2020 Q<sub>4</sub>. Moreover, this study also explores the interaction effect of green finance and health expenditures in the ecological footprint function by employing the novel Fourier approximation techniques. The series integration order is investigated using the Fourier ADF and Fourier GLS unit root test. The study applies the bounds test and residual augmented least squares cointegration technique (RALS) for investigating the long-run nexus. Both tests provide mutual reinforcement for each other's results. The long-run elasticity is identified using the ARDL model. The findings show a negative and significant impact of green finance, economic growth, and renewable energy consumption on ecological footprint. Further, the interaction between green finance and health expenditures has a negative impact on environmental quality. Moreover, the causal interactions suggest that green finance enhances the quality of the environment, which is one of the objectives in line with both SDGs 3 and 7. This further suggests that adopting green practices can create a clean environment and thus improve environmental quality.</div></div>","PeriodicalId":100674,"journal":{"name":"Innovation and Green Development","volume":"4 2","pages":"Article 100223"},"PeriodicalIF":0.0,"publicationDate":"2025-03-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143641912","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Effects of automation and human investment on skill premium","authors":"Kenichiro Ikeshita","doi":"10.1016/j.igd.2025.100220","DOIUrl":"10.1016/j.igd.2025.100220","url":null,"abstract":"<div><div>Economists and policymakers in many developed countries regard digitalization and robotic automation as drivers of increased productivity and economic growth. However, these innovations increase the wage gap (skill premium) between unskilled and information technology (IT)-skilled workers. This study examines the effects of technological innovations in automation and development of IT-skilled human resources on economic growth and skill premiums. It combines a task-based approach with a simple two-sector growth model to analyze the impact of automation on economic development and skill premiums. The study's dynamic model reproduces the changes in the skill premium and labor share in the United States since the 1970s. In addition, technological innovation in automation promotes task automation not only in the short run but also in the long run, increasing total output and skill premiums. Regarding IT education for human resource, an optimal level of IT education exists that maximizes production and minimizes the skill premium in the steady state.</div></div>","PeriodicalId":100674,"journal":{"name":"Innovation and Green Development","volume":"4 2","pages":"Article 100220"},"PeriodicalIF":0.0,"publicationDate":"2025-03-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143644966","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"An integrated analysis of greenhush","authors":"Joshua Hilton","doi":"10.1016/j.igd.2025.100222","DOIUrl":"10.1016/j.igd.2025.100222","url":null,"abstract":"<div><div>Greenhushing, the strategic under-reporting of sustainability initiatives by corporations, is a recent phenomenon that challenges traditional assumptions about corporate sustainability communication. Through a systematic analysis of existing literature and the application of institutional theory, this paper develops an integrated theoretical framework to explain the causes of greenhush. Drawing on a combination of qualitative case studies and empirical evidence from multiple industries, the research reveals that greenhush emerges as a strategic response to institutional complexity, particularly when firms face competing stakeholder demands and regulatory uncertainty. The paper makes three key contributions: First, it surveys the recent literature and explore the implications of greenhush for corporate sustainability progress, stakeholder relations, and policy development. Second, it develops a multi-level theoretical framework integrating insights from institutional theory, stakeholder theory, and behavioral economics to explain why and how firms greenhush. Third, it provides suggestions for managers and stakeholders about how to avoid or reverse this decoupling, and align communication with action. These findings have important implications for understanding how organizations navigate institutional pressures while maintaining legitimacy in complex institutional environments.</div></div>","PeriodicalId":100674,"journal":{"name":"Innovation and Green Development","volume":"4 2","pages":"Article 100222"},"PeriodicalIF":0.0,"publicationDate":"2025-03-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143580645","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Financial inclusion and energy access: Evidence from Kenya","authors":"Michael Mbate , El Hadji Fall","doi":"10.1016/j.igd.2025.100219","DOIUrl":"10.1016/j.igd.2025.100219","url":null,"abstract":"<div><div>This paper examines the relationship between financial inclusion and energy access, leveraging micro-level survey data from Kenya (2016–2018) and employing propensity score matching to establish causal linkages. The analysis reveals that financial inclusion significantly enhances energy access, with distinct variations across financial institutions and energy types. Financial inclusion operates through three critical mechanisms: increasing households’ willingness to pay for energy, alleviating upfront connection costs via flexible payment schemes, and enabling seamless energy-related transactions through digital platforms. These findings underscore the importance of inclusive financial policies and the role of formal and informal financial institutions as intermediaries in addressing energy poverty.</div></div>","PeriodicalId":100674,"journal":{"name":"Innovation and Green Development","volume":"4 2","pages":"Article 100219"},"PeriodicalIF":0.0,"publicationDate":"2025-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143510291","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Ajaz Akbar Mir , Aijaz Ahmad Bhat , Ahmad Samed Al-Adwan , Summaira Farooq , Dima Jamali , Irshad Ahmad Malik
{"title":"Green banking practices and customer satisfaction-way to green sustainability","authors":"Ajaz Akbar Mir , Aijaz Ahmad Bhat , Ahmad Samed Al-Adwan , Summaira Farooq , Dima Jamali , Irshad Ahmad Malik","doi":"10.1016/j.igd.2025.100221","DOIUrl":"10.1016/j.igd.2025.100221","url":null,"abstract":"<div><div>The global environmental concerns have driven sustainable practices in several industries, including banking. Therefore, this paper is an endeavour to examine the relationship between green banking and customer satisfaction. The study identified four pivotal variables and examined how digital banking, green infrastructure, green loans and services affect consumer satisfaction in select public and private sector banks. The study used cluster sampling technique and sample was taken systematically from each cluster selected using a comprehensive research framework. The data show that digital banking, green services, and green loans positively and significantly affect customer satisfaction, while green infrastructure does not. The study found that privacy does not mediate green infrastructure and green loan relationships with consumer satisfaction. The study’s results have significant ramifications for both the banking sector and government, underscoring the crucial role of green banking in enhancing consumer happiness. As environmental consciousness continues to increase, this might potentially result in heightened customer satisfaction and eventually contribute to improved customer retention for banks. The present study also endorses India’s digital agenda by promoting digital and sustainable banking practices.</div></div>","PeriodicalId":100674,"journal":{"name":"Innovation and Green Development","volume":"4 2","pages":"Article 100221"},"PeriodicalIF":0.0,"publicationDate":"2025-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143510292","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Non-cooperative and cooperative environmental R&D risk choices under environmental corporate social responsibility guidelines","authors":"Mingqing Xing , Sang-Ho Lee","doi":"10.1016/j.igd.2025.100208","DOIUrl":"10.1016/j.igd.2025.100208","url":null,"abstract":"<div><div>This study investigates environmental R&D (ER&D) risk choice by polluting duopoly firms under environmental corporate social responsibility (ECSR) guideline. We show that the ER&D risk level under cooperative ER&D is always higher than under non-cooperative ER&D, resulting in a higher expected consumer surplus and lower expected environmental damage. We also demonstrate that the firm's expected profit depends on the level of ECSR while a firm's expected value under cooperative ER&D is higher than that under non-cooperative ER&D, which creates a conflict of interest between the shareholders' expected private value and the stakeholders' expected public value. Our analysis suggests that the government should appropriately align ECSR guideline in accordance with emission tax rate, by considering firms' coordination of cooperative or non-cooperative ER&D activities on their risk choices.</div></div>","PeriodicalId":100674,"journal":{"name":"Innovation and Green Development","volume":"4 2","pages":"Article 100208"},"PeriodicalIF":0.0,"publicationDate":"2025-02-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143508515","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}