Environmental Economics and Policy Studies最新文献

{"title":"The impacts of hydroelectricity generation, financial development, geopolitical risk, income, and foreign direct investment on carbon emissions in Turkey","authors":"Haifa Saadaoui, Mesut Dogan, Emna Omri","doi":"10.1007/s10018-023-00384-y","DOIUrl":"https://doi.org/10.1007/s10018-023-00384-y","url":null,"abstract":"<p>Climate change is considered as one of the greatest existential threats. The fight against polluting emissions such as CO₂ emissions is a necessary tool to combat this phenomenon. Turkey is one of the countries that is trying hard to achieve its goals of environmental sustainability. To this end, this study analyzes the associations between hydroelectric power generation (HPG), geopolitical risk (GPR), income, foreign direct investments (FDI), financial development, and carbon emissions from 1985 to 2021. To estimate the long-run impacts and causality links, the current analysis applies the Autoregressive Distributed Lag (ARDL) approach and the spectral causality for the period 1985–2021. The long-run findings show that GPR, HPG, and FDI reduce carbon emissions. However, income and financial development increase the CO₂ emissions. Moreover, the spectral causal outcomes provide evidence of two-way causality between hydroelectricity and pollutant emissions for the high frequency, and a one-way causality from hydroelectricity to CO₂ both for medium and low frequencies. Furthermore, there is bidirectional causality between FDI and carbon emissions for the low frequency, likewise CO₂ emissions cause FDI for low and medium frequencies. In addition, the main findings reveal the presence of bidirectional causality between pollutant emissions and financial development for high frequency, and a unidirectional causality from financial development to CO₂ emissions for medium frequency. Nevertheless, there is no causality between GPR, income, and CO₂ emissions.</p>","PeriodicalId":46150,"journal":{"name":"Environmental Economics and Policy Studies","volume":null,"pages":null},"PeriodicalIF":1.7,"publicationDate":"2023-11-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138542701","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}

{"title":"Unlocking the effect of corporate environmental practices in driving firms’ financial performance","authors":"Mirza Muhammad Naseer, Ahmed Imran Hunjra, Foued Mattoussi, Mohammad Nurul Amin","doi":"10.1007/s10018-023-00385-x","DOIUrl":"https://doi.org/10.1007/s10018-023-00385-x","url":null,"abstract":"<p>This study examines the relationship between corporate environmental performance (ENP) and financial performance, focusing on US firms from 2001 to 2021. Environmental sustainability has become a pivotal issue facing businesses. However, empirical findings on the ENP–financial performance linkage remain mixed. The sample comprises 2,711 US firms analyzed using ordinary least squares, fixed effects, feasible generalized least squares, generalized method of moments, and quantile regression. Results reveal a significant positive relationship between ENP and firms’ financial performance. These findings are consistent across models, underscoring their robustness. This suggests investments in environmental performance can enhance profitability, valuation, and earnings. This paper contributes the empirical evidence to the academic literature on the corporate sustainability-financial performance nexus. It also offers business and policy insights into the financial merits of corporate environmental responsibility, highlighting ENP’s role in delivering sustainable growth.</p>","PeriodicalId":46150,"journal":{"name":"Environmental Economics and Policy Studies","volume":null,"pages":null},"PeriodicalIF":1.7,"publicationDate":"2023-11-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138516099","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}

{"title":"Assessing the impacts of trophy-hunting restrictions on wildlife conservation in private land conservation areas: a bioeconomic analysis","authors":"Zijin Xie","doi":"10.1007/s10018-023-00383-z","DOIUrl":"https://doi.org/10.1007/s10018-023-00383-z","url":null,"abstract":"","PeriodicalId":46150,"journal":{"name":"Environmental Economics and Policy Studies","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-11-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135042836","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}

{"title":"A lighthouse to enhance the quality of life in the Nile River basin","authors":"Ayman Batisha","doi":"10.1007/s10018-023-00380-2","DOIUrl":"https://doi.org/10.1007/s10018-023-00380-2","url":null,"abstract":"Abstract The future of large rivers is related to regional cooperation programs for the sustainable development of water and related resources in great river basins. The objective of this article is to present how roadmaps can be utilized for both building up sustainable development for the Nile River, and supporting the integration of national and regional development strategies in Egypt and other Nile basin countries. The strategic objective is to highlight a wide range of sustainable freshwater pathways for an inclusive, peaceful, and sustainable future for all. In particular, it focuses on generating innovative water solutions, actions, and practices that enhance water exploitation in large river basins, transboundary shared rivers, and other transboundary shared water resources. The roadmapping approach is adopted and developed widely in the science, technology, and innovation community. The paper concentrates on roadmapping as an important tool that promotes sound planning of sustainability of large rivers, and in particular, transboundary shared rivers. The roadmap analyzes the benefits of planning shared water cooperation that extends to ecological, economic, and political features, and also beyond the river for the benefit of all, and identifies at an early stage the actions needed to manage the associated technology and environmental risk. The roadmap includes the key water resources governance characteristics, geographical scope, climate change (CC), and its impact, member states, organizational structure, decision-making, data information sharing, monitoring, the role of multiple stakeholders, financing, legal basis, dispute resolution, and benefit sharing. Therefore, a roadmap for the Nile River can help raise productivity and support faster growth, if considered as a lighthouse for national development strategies. Roadmap for the Nile River proposes windows of opportunity and is a vital milestone for cooperation, peace, stability, joint investment, and prosperity. With possible benefits exceeding those derived from the river itself, a roadmap for the Nile River can catalyze strengthened cooperation and greater regional ecological, economic, social, and political integration. The paper concludes that the roadmap for the Nile River sustainability (NRS) is a promising model for assuring the sustainability of transboundary shared large rivers.","PeriodicalId":46150,"journal":{"name":"Environmental Economics and Policy Studies","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136232960","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}

{"title":"Willingness to pay for improved water services: evidence from Peru","authors":"Francisco B. Galarza Arellano, Max Carbajal, Julio Aguirre","doi":"10.1007/s10018-023-00381-1","DOIUrl":"https://doi.org/10.1007/s10018-023-00381-1","url":null,"abstract":"","PeriodicalId":46150,"journal":{"name":"Environmental Economics and Policy Studies","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135616942","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}

{"title":"The German Environmental Tax Reform: a difference-in-differences analysis of its impacts in European comparison","authors":"Daniel Kühnhenrich","doi":"10.1007/s10018-023-00375-z","DOIUrl":"https://doi.org/10.1007/s10018-023-00375-z","url":null,"abstract":"Abstract In 1998, the red-green Schröder government implemented the Environmental Tax Reform (ETR), raising taxes on petrol, diesel, natural gas and heating oil and introducing a new duty on electricity in Germany. At the same time, it cut non-wage labour costs by reducing public pension contributions. The goal was to achieve Germany’s Kyoto Protocol emissions targets and to reduce a level of unemployment unprecedented since World War II while avoiding the burden on the public budget through revenue recycling. Employing microdata from household budget surveys of 1998 and 2003, this article analyses whether increased duties on motor fuels and electricity lead to a substantial reduction in households’ consumption of these goods. Considering the ETR as a natural experiment, it uses the difference-in-differences approach in a European context with Germany as the treatment group and Italy, Spain and the UK as the control group. Ordinary least square regressions reveal that motor fuel demand is price inelastic, while electricity consumption increased despite the substantial rise in prices. Quartile regressions show that the effect of the motor fuel tax is slightly higher at the bottom than at the upper tail of the distribution supporting the notion that low-level consumers are more likely to find alternative substitutes.","PeriodicalId":46150,"journal":{"name":"Environmental Economics and Policy Studies","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136032948","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}

{"title":"Virtual tourism as a substitute for physical tourism during COVID-19 pandemic","authors":"Adelina Zeqiri","doi":"10.1007/s10018-023-00382-0","DOIUrl":"https://doi.org/10.1007/s10018-023-00382-0","url":null,"abstract":"","PeriodicalId":46150,"journal":{"name":"Environmental Economics and Policy Studies","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135804769","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}

{"title":"Formation of climate coalitions and preferential free trade: the case for participation linkage","authors":"Thomas Kuhn, Radomir Pestow, Anja Zenker","doi":"10.1007/s10018-023-00379-9","DOIUrl":"https://doi.org/10.1007/s10018-023-00379-9","url":null,"abstract":"Abstract We study the endogenous formation of climate coalitions linked to a preferential free trade arrangement. In a multi-stage, micro founded strategic trade and participation game, coalition and fringe countries dispose of a discriminatory tariff on dirty imports as well as emission permits imposed on domestic producers. Permits are traded on a common permit market inside the coalition and on local markets outside, respectively. We provide an analytical solution for the general equilibrium and the policy game, in the three country case, while the participation game is solved by Monte Carlo simulation. Moreover, conditional probabilities are computed for the transition to coalitions of various sizes induced by free trade. Under various regimes analyzed, we find that preferential free trade can create strong incentives for building effective climate coalitions in terms of depth and breadth. This result even holds if fringe countries are given the option of trade cooperation as a retaliation devise and is driven by a favorable shift in the coalition’s terms of trade. As a policy implication, negotiations on international climate treaties and free trade arrangements should be interlinked.","PeriodicalId":46150,"journal":{"name":"Environmental Economics and Policy Studies","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135918220","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}

{"title":"Testing the convergent validity of approaches for valuing national park visitation","authors":"Leslie Richardson, Matthew Flyr","doi":"10.1007/s10018-023-00378-w","DOIUrl":"https://doi.org/10.1007/s10018-023-00378-w","url":null,"abstract":"","PeriodicalId":46150,"journal":{"name":"Environmental Economics and Policy Studies","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135589965","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}

{"title":"Do renewable energy and total factor productivity eliminate CO2 emissions in Turkey?","authors":"Shahriyar Mukhtarov","doi":"10.1007/s10018-023-00377-x","DOIUrl":"https://doi.org/10.1007/s10018-023-00377-x","url":null,"abstract":"Abstract This paper analyzes the impact of renewable energy consumption, total factor productivity (TFP), income, imports, and exports on consumption-based CO 2 emissions in Turkey from 1990 to 2019, utilizing the Autoregressive Distributed Lagged (ARDL) method. The findings indicated that the use of renewable energy, total factor productivity and exports negatively influence CO 2 emissions. On the other hand, the positive impact of income and imports on CO 2 emissions was found. The negative impact of renewable energy consumption and total factor productivity highlights the importance of implementing environmentally friendly measures in the energy sector (particularly raising the proportion of renewable energy in overall energy consumption) and technological innovation.","PeriodicalId":46150,"journal":{"name":"Environmental Economics and Policy Studies","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135536720","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}