Environmental Economics and Policy Studies最新文献_第3页

Do market-based environmental policies encourage innovation in energy storage? 基于市场的环境政策是否鼓励储能创新？

IF 1.7

Environmental Economics and Policy Studies Pub Date : 2024-02-22 DOI: 10.1007/s10018-024-00394-4

Siyu Feng

引用次数: 0

Assessing the impact of Russian–Ukrainian geopolitical risks on global green finance: a quantile dependency analysis 评估俄罗斯-乌克兰地缘政治风险对全球绿色金融的影响：量化依存分析

IF 1.7

Environmental Economics and Policy Studies Pub Date : 2024-02-21 DOI: 10.1007/s10018-024-00395-3

Faroque Ahmed, Md. Monirul Islam, Shujaat Abbas

{"title":"Assessing the impact of Russian–Ukrainian geopolitical risks on global green finance: a quantile dependency analysis","authors":"Faroque Ahmed, Md. Monirul Islam, Shujaat Abbas","doi":"10.1007/s10018-024-00395-3","DOIUrl":"https://doi.org/10.1007/s10018-024-00395-3","url":null,"abstract":"<p>In the pursuit of sustainable development, the presence of a robust financial sector plays a crucial role in the advancement of the green movement. However, the green bond market faces vulnerability due to the existence of geopolitical threats. This study employs empirical methods to investigate the quantile dependence of geopolitical risks originating from Russia and Ukraine on green finance. Specifically, the cross-quantilogram and partial cross-quantilogram approaches are utilized, analyzing daily data spanning from February 24, 2022, to May 26, 2023. The findings obtained from the cross-quantilogram approach reveal a pronounced negative quantile dependence between the geopolitical risks of both countries and green finance during bearish market conditions (q.10–q.40) in the short-term memory. Conversely, during the initial memory, a strong positive dependence is observed at the bullish (q.70–q.95) market conditions. However, no significant dependence is detected at either bearish or bullish market states concerning long-term memory. Interestingly, when employing the partial cross-quantilogram approach, a slightly negative association is observed at both bearish and bullish market conditions for long-term memory. These empirical findings provide valuable insights into the decision-making process for green investments, taking into account the dynamic nature of market conditions influenced by geopolitical risks stemming from the Russia–Ukraine conflict. Therefore, it is prudent for the governments to establish collaborations with private sectors and international agencies to fund green projects, thereby expediting green investment and mitigating geopolitical risks, with a focus on long-term investment, given the current absence of significant long-term detrimental effects of geopolitical risks on green bonds at the global level.</p>","PeriodicalId":46150,"journal":{"name":"Environmental Economics and Policy Studies","volume":null,"pages":null},"PeriodicalIF":1.7,"publicationDate":"2024-02-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139925772","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The effect of climate pacts on the stock market performance of listed firms in Turkey 气候协议对土耳其上市公司股市表现的影响

IF 1.7

Environmental Economics and Policy Studies Pub Date : 2024-02-21 DOI: 10.1007/s10018-023-00390-0

Dharen Kumar Pandey, S. Ananda, Henchiri Basma, Vineeta Kumari

{"title":"The effect of climate pacts on the stock market performance of listed firms in Turkey","authors":"Dharen Kumar Pandey, S. Ananda, Henchiri Basma, Vineeta Kumari","doi":"10.1007/s10018-023-00390-0","DOIUrl":"https://doi.org/10.1007/s10018-023-00390-0","url":null,"abstract":"<p>This study employs the event study method on the daily closing prices of 385 listed firms in Turkey from December 2020 to December 2022 to examine the market reactions to two significant climate-related events: the Glasgow Climate Pact (GCP) and the Sharm el-Sheikh Implementation Plan (SSIP). The GCP event triggered predominantly adverse market reactions, with significant and negative abnormal returns observed before and after the event and an adverse event day return. Conversely, the SSIP event generated a mixed market response, characterized by significant negative abnormal returns before the event and significant positive abnormal returns after the event. Additionally, the energy sector firms have been vulnerable to the SSIP, given their declining returns, while other sectors experienced significant positive returns. The cross-sectional regression analysis highlights the impact of firm-level characteristics on abnormal returns. For the GCP event, firm leverage, firm size, book-to-market ratio, and past returns exhibit significant associations with abnormal returns during different periods. Similarly, for the SSIP event, firm size, book-to-market ratio, past returns, and past volatility demonstrate significant relationships with abnormal returns. The findings suggest that firms should align their strategies with climate goals and capitalize on emerging clean energy and sustainability opportunities to maintain share prices. Investors must carefully evaluate climate-related events’ impact and consider firm-level characteristics when making investment decisions. This study contributes to understanding market reactions to climate events and provides insights for firms and investors in navigating the evolving landscape of climate change.</p>","PeriodicalId":46150,"journal":{"name":"Environmental Economics and Policy Studies","volume":null,"pages":null},"PeriodicalIF":1.7,"publicationDate":"2024-02-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139925753","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Rural farmers’ perceptions of and adaptations to climate change in Sub-Saharan Africa: Does climate-smart agriculture (CSA) matter in Nigeria and Ethiopia? 撒哈拉以南非洲农村农民对气候变化的认识和适应：尼日利亚和埃塞俄比亚的气候智能型农业（CSA）是否重要？

IF 1.7

Environmental Economics and Policy Studies Pub Date : 2024-02-16 DOI: 10.1007/s10018-023-00388-8

{"title":"Rural farmers’ perceptions of and adaptations to climate change in Sub-Saharan Africa: Does climate-smart agriculture (CSA) matter in Nigeria and Ethiopia?","authors":"","doi":"10.1007/s10018-023-00388-8","DOIUrl":"https://doi.org/10.1007/s10018-023-00388-8","url":null,"abstract":"<h3>Abstract</h3> <p>The available literature has ignored farmers’ perceptions on the benefits and drawbacks of adopting climate-smart agriculture (CSA) in favor of focusing primarily on profitability and economic constraints. We use the Ethiopian Socioeconomic Survey (ESS) and the General Household Survey from 2018 and 2019 to compare Nigeria and Ethiopia, both of which have sizable rural populations to assess farmers’ climate change perception and their adaptation options in promoting CSA. We first hypothesize that farmers with high tolerance for risk and stable financial resources are more likely to adopt CSA techniques, relying on the adopter perception theory of agricultural innovations and technologies. We address potential selection bias using the Heckman selection model, and estimate our data using multinomial logistic estimator, as well as standard logistic regression for robustness checks. We find that in both Ethiopia and Nigeria, household income and plot size influence farmers’ adaptations to climate change mitigation practices. However, farmers with bigger plots who run the risk of massive production loss tend to adopt measures of coping with climate change. We show that in both Ethiopia and Nigeria, rural farmers’ adaptation decisions are heavily influenced by agricultural extension programs and community social networks. Overall, our work highlights the important role of income, farm size, and climate-related information for investing in climate-smart agricultural methods to curb food insecurity in Sub-Saharan Africa.</p>","PeriodicalId":46150,"journal":{"name":"Environmental Economics and Policy Studies","volume":null,"pages":null},"PeriodicalIF":1.7,"publicationDate":"2024-02-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139773161","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

One Belt One Road Initiative and environmental sustainability: a bibliometric analysis 一带一路倡议与环境可持续性：文献计量分析

IF 1.7

Environmental Economics and Policy Studies Pub Date : 2024-02-15 DOI: 10.1007/s10018-024-00392-6

Youjin Liu, Maxim Kotsemir, Najid Ahmad

引用次数: 0

One Belt One Road Initiative and environmental sustainability: a bibliometric analysis 一带一路倡议与环境可持续性：文献计量分析

IF 1.7

Environmental Economics and Policy Studies Pub Date : 2024-02-15 DOI: 10.1007/s10018-024-00392-6

Youjin Liu, Maxim Kotsemir, Najid Ahmad

引用次数: 0

An employment double dividend and welfare in a North–South model of trade with or without international policy coordination 有无国际政策协调的南北贸易模式中的就业双重红利和福利

IF 1.7

Environmental Economics and Policy Studies Pub Date : 2024-02-12 DOI: 10.1007/s10018-023-00389-7

Hiroyuki Nishiyama, M. Tsuboi

引用次数: 0

An employment double dividend and welfare in a North–South model of trade with or without international policy coordination 有无国际政策协调的南北贸易模式中的就业双重红利和福利

IF 1.7

Environmental Economics and Policy Studies Pub Date : 2024-02-12 DOI: 10.1007/s10018-023-00389-7

Hiroyuki Nishiyama, M. Tsuboi

引用次数: 0

Environmental quality and sustainability: exploring the role of environmental taxes, environment-related technologies, and R&D expenditure 环境质量和可持续性：探讨环境税、环境相关技术和研发支出的作用

IF 1.7

Environmental Economics and Policy Studies Pub Date : 2023-12-28 DOI: 10.1007/s10018-023-00387-9

Mounir Dahmani

{"title":"Environmental quality and sustainability: exploring the role of environmental taxes, environment-related technologies, and R&D expenditure","authors":"Mounir Dahmani","doi":"10.1007/s10018-023-00387-9","DOIUrl":"https://doi.org/10.1007/s10018-023-00387-9","url":null,"abstract":"<p>The surge in economic and human development has led to increasing concerns about environmental degradation, thus necessitating effective strategies to enhance sustainability and environmental quality. Therefore, this study empirically examines the impact of environmental fiscal policies, environmental technologies, and research and development (R&D) expenditures on achieving environmental sustainability in the G7 countries. Using advanced econometric techniques, including the Cross-Sectionally Augmented Autoregressive Distributed Lags (CS-ARDL) model and the Dynamic Common Correlated Effects (DCCE) approach, the study identifies both short-run and long-run correlations between the aforementioned variables and their impact on greenhouse gas (GHG) emissions. Our findings confirm the inverted U-shaped Kuznets Curve relationship and reinforce the previous literature on the complex dynamics between economic growth and GHG emissions specific to developed countries. The research also supports the effectiveness of well-designed environmental taxes in reducing environmental degradation and GHG emissions, consistent with and extending existing studies in this area. In addition, the study provides empirical evidence of the critical role of environmental technologies and targeted R&D expenditures in improving environmental quality. In terms of policy implications, our research underscores the urgency for policymakers in the G7 countries to fine-tune environmental taxation mechanisms and increase investment in sustainable technological solutions. Specific recommendations include the development of more efficient tax systems that adhere to the polluter-pays principle, as well as financial incentives such as tax credits and subsidies aimed at accelerating green technology adoption and innovation. In doing so, the study seeks to contribute to the broader discourse on environmental policy and sustainable development, providing valuable perspectives for both the academic community and policy actors.</p>","PeriodicalId":46150,"journal":{"name":"Environmental Economics and Policy Studies","volume":null,"pages":null},"PeriodicalIF":1.7,"publicationDate":"2023-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139056287","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Modeling and evaluating marginal pumping fees in groundwater commons: do varying scarcity levels matter? 地下水公域边际抽水费的建模与评估：不同的稀缺程度是否重要？

IF 1.7

Environmental Economics and Policy Studies Pub Date : 2023-12-16 DOI: 10.1007/s10018-023-00386-w

引用次数: 0