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This study aims to explore empirical evidence of the impact of greenhouse gas (GHG) emissions on stock market volatility.
Abstract
Purpose
This study aims to explore empirical evidence of the impact of greenhouse gas (GHG) emissions on stock market volatility.
Design/methodology/approach
Using panel data of 35 Organization for Economic Co-operation and Development countries from 1992 to 2018, we conduct both fixed effects panel model and Prais-Winsten model with panel-corrected standard errors.
Findings
The authors document that there is a significant positive relationship between GHG emissions and stock market volatility. The results remain robust after controlling for potential endogeneity problems.
Originality/value
This study contributes to the literature in that it provides additional empirical evidence for the financial risk posed by climate change.
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Yoksa Salmamza Mshelia, Simon Mang’erere Onywere and Sammy Letema
This paper aims to assess the current and future dynamics of land cover transitions and analyze the vegetation conditions in Abuja city since its establishment as the capital of…
Abstract
Purpose
This paper aims to assess the current and future dynamics of land cover transitions and analyze the vegetation conditions in Abuja city since its establishment as the capital of Nigeria in 1991.
Design/methodology/approach
A random forest classifier embedded in the Google Earth Engine platform was used to classify Landsat imagery for the years 1990, 2001, 2014 and 2020. A post-classification comparison was used to detect the dynamics of land cover transitions. A hybrid simulation model that comprised cellular automata and Markovian was used to model the probable scenario of land cover changes for 2050. The trend of Normalized Difference Vegetation Index was examined using Mann–Kendall and Theil Sen’s from 2014 to 2022. Nighttime band data from the National Oceanic and Atmospheric Administration were obtained to analyze the trend of urbanization from 2014 to 2022.
Findings
The findings show that built-up areas increased by 40%, while vegetation, bare land and agricultural land decreased by 27%, 7% and 8%, respectively. Vegetation had the highest declining rate at 3.15% per annum. Built-up areas are expected to increase by 17.1% between 2020 and 2050 in contrast with other land cover. The proportion of areas with moderate vegetation improvement is estimated to be 15.10%, while the proportion of areas with no significant change was 38.10%. The overall proportion of degraded areas stands at 46.8% due to urbanization.
Originality/value
The findings provide a comprehensive insight into the dynamics of land cover transitions and vegetation variability induced by rapid urbanization in Abuja city, Nigeria. In addition, the findings provide valuable insights for policymakers and urban planners to develop a sustainable land use policy that promotes inclusivity, safety and resilience.
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This study aims to examine the latent capability of alternative-responsible tourism and ecotourism management in sustainable tourism and rural communities' livelihoods in Musina…
Abstract
Purpose
This study aims to examine the latent capability of alternative-responsible tourism and ecotourism management in sustainable tourism and rural communities' livelihoods in Musina Municipality in Limpopo Province, South Africa, and benchmark the capability with other African countries amid climate change and environmental degradation dilemmas. Hence, the aforementioned objective coordinates with various agrarian locations elsewhere abroad.
Design/methodology/approach
Literature reviews, document reviews, interviews, and focus group discussions were employed to gather data, which was enriched by field observation views. To this end, potential climate change-linked environmental degradation, rural tourism, agricultural, and environmental management issues came to the fore.
Findings
Environmental degradation poses a possible threat to natural resource management, as evidenced by the rural development, ecotourism and agricultural activities within the study region. Thereupon, environmental degradation supplements the probability of adverse effects from climate change and precarious incomes. According to the research, responsible tourism and ecotourism are vital to promoting sustainability in rural localities.
Originality/value
The plenteous biodiversity of the municipality offers a better scenario for sustainable ecotourism in tandem with agritourism efforts to address the identified ongoing and liability issues. These issues have therefore symbolized the need for an adequate and allied tourism strategy to boost the local people in Musina Municipality and, conceivably, throughout the continent.
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Muhammad Yazrin Yasin, Muhammad Azmi Bin Mohd Zain and Muhammad Haniff Bin Hassan
This paper discusses the urban management challenges in the Greater Kuala Lumpur area. Before examining Greater Kuala Lumpur's economic and social environment, we will look at the…
Abstract
This paper discusses the urban management challenges in the Greater Kuala Lumpur area. Before examining Greater Kuala Lumpur's economic and social environment, we will look at the factors that make it a competitive and fiscally sound entity. When considering urban development and redevelopment, we consider how proposed and ongoing projects, as well as plans, hierarchical links, and road networks, contributed to the increase. Because there is no urban growth boundary, land use change and rural encroachment, as well as environmental degradation and the impact of national economic projects on urban expansion, are both rapid and linear in the analysis. This paper also considers how to manage linear development that results in the creation of new suburbs. Finally, we propose strategies for achieving sustainable urban expansion and management by balancing the financial and governance capacities of Greater Kuala Lumpur local governments.
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Ephias Mugari, Hillary Masundire, Maitseo Bolaane and Mark New
Between 2006 and 2016, local communities in semi-arid Bobirwa sub-district in the Limpopo Basin part of Botswana had endured notable fluctuations in the delivery of critical…
Abstract
Purpose
Between 2006 and 2016, local communities in semi-arid Bobirwa sub-district in the Limpopo Basin part of Botswana had endured notable fluctuations in the delivery of critical ecosystem services. These changes have been coupled with adverse effects on local people’s livelihood options and well-being. However, a few such studies have focussed on the semi-arid to arid landscapes. This study therefore aims to provide recent knowledge and evidence of consequences of environmental change on semi-arid arid landscapes and communities.
Methodology
To examine these recent changes in key ecosystem services, the authors conducted six participatory mapping processes, eight key informant interviews and several rapid scoping appraisals in three study villages. The analyses were centred on changes in seasonal quantities, seasonality, condition of ecosystem service sites, distance to ecosystem service sites and total area providing these services. Drivers of change in the delivery of key ecosystem services and the associated adverse impacts on human well-being of these recent changes in bundles of ecosystem services delivered were also analyzed.
Findings
Results show that adverse weather conditions, drought frequency, changes in land-use and/or land-cover together with unsustainable harvesting because of human influx on local resources have intensified in the past decade. There was circumstantial evidence that these drivers have resulted in adverse changes in quantities and seasonality of key ecosystem services such as edible Mopane caterpillars, natural pastures, wild fruits and cultivated crops. Similarly, distance to, condition and total area of sites providing some of the key ecosystem services such as firewood and natural pastures changed adversely. These adverse changes in the key ecosystem services were shown to increasingly threaten local livelihoods and human well-being.
Research limitations/implications
This paper discusses the importance of engaging rural communities in semi-arid areas in a participatory manner and how such information can provide baseline information for further research. The paper also shows the utility of such processes and information toward integrating community values and knowledge into decisions regarding the management and utilization of local ecosystem services under a changing climate in data-poor regions such as the Bobirwa sub-district of Botswana. However, the extent to which this is possible depends on the decision makers’ willingness to support local initiatives through existing government structures and programmes.
Originality/value
This study shows the importance of engaging communities in a participatory manner to understand changes in local ecosystem services considering their unique connection with the natural environment. This is a critical step for decision makers toward integrating community values in the management and utilization of ecosystem services under a changing climate as well as informing more sustainable adaptive responses in semi-arid areas. However, the extent to which decision makers can integrate such findings to inform more sustainable responses to declining capacity of local ecosystems in semi-arid areas depends on how they value the bottom-up approach of gaining local knowledge as well as their willingness to support local initiatives through existing government structures and programmes.
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Alhassan Musah and Ibrahim Nandom Yakubu
This paper seeks to provide empirical insight into how industrialization and technology affect environmental quality in Ghana.
Abstract
Purpose
This paper seeks to provide empirical insight into how industrialization and technology affect environmental quality in Ghana.
Design/methodology/approach
Using Ecological Footprint (ECF) as a measure of environmental degradation, the authors employ annual data from World Development Indicators of the World Bank and the Global Footprint Network spanning from 1970 to 2017 and apply the fully modified least squares (FMOLS) technique.
Findings
The results reveal that industrialization has a negative significant influence on ECF, suggesting that industrialization contributes to environmental sustainability in Ghana. The authors find that technology is harmful to the environment as it has a positive significant effect on ECF. The study also documents that while education and financial development improve environmental sustainability, fossil fuel consumption exacerbates environmental degradation in Ghana.
Originality/value
The environmental impact of industrialization is still being debated, with very scanty empirical evidence in the African context. Based on a detailed review of the literature, this paper provides an initial attempt to investigate the industrialization–environmental sustainability nexus in Ghana. Besides, whereas most extant studies have employed CO2 emission as a proxy of environmental degradation, the authors use ECF to gauge the level of environmental degradation which is regarded as a more inclusive metric.
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Daaki Sadat Ssekibaala, Muhammad Irwan Ariffin and Jarita Duasa
This study investigates the relationship between economic growth, international trade, and environmental degradation in Sub-Saharan Africa (SSA), focusing on the validity of the…
Abstract
Purpose
This study investigates the relationship between economic growth, international trade, and environmental degradation in Sub-Saharan Africa (SSA), focusing on the validity of the environmental Kuznets hypothesis (EKC), the pollution havens hypothesis (PHH), and the factor endowment hypothesis (FEH).
Design/methodology/approach
The study uses annual data for 41 SSA countries between 1990 and 2017 and employs the bias-corrected least square dummy variable (LSDVC) estimation techniques. Environmental degradation is indicated by carbon dioxide (CO2), delicate particulate matter (PM2.5) emissions, and deforestation.
Findings
The results confirm the validity of the EKC hypothesis for PM2.5 emissions and deforestation but not for CO2 emissions. The results also indicate that international trade reduces deforestation and that both the PHH and FEH are valid for CO2 emission but not for PM2.5 emissions and deforestation.
Practical implications
In this paper, the authors are able to illustrate that both economic growth and international trade can harm the environment if unchecked. Therefore, the conclusion of this study offers policy options through which SSA countries can achieve desired economic growth goals without affecting environmental quality. The study can be a benchmark for environmental policy in the region.
Originality/value
The authors provide an in-depth discussion of the growth-trade-environmental degradation nexus in SSA. The EKC, PHH, and FEH’s validity confirm that economic growth remains a threat to the local natural environment in SSA. Hence, the need for a trade-off between economic growth needs and environmental degradation and understanding where to compromise to achieve SSA's economic development priorities.
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Enoch Bessah, Abdullahi Bala, Sampson Kweku Agodzo, Appollonia Aimiosino Okhimamhe, Emmanuel Amoah Boakye and Saratu Usman Ibrahim
This paper aims to assess the rate and land category contributing to the changes in seven land-uses in the Kintampo North Municipality of Ghana and the effect of the decisions of…
Abstract
Purpose
This paper aims to assess the rate and land category contributing to the changes in seven land-uses in the Kintampo North Municipality of Ghana and the effect of the decisions of land users on future landscapes.
Design/methodology/approach
LANDSAT images were classified to generate land use/cover maps to detect changes that had occurred between 1986 and 2014. In total, 120 farmers were also interviewed to determine their perceptions on land use changes. Interval, category and transition levels of changes were determined. Savanna woodland, settlement and forest were mostly converted to farmland in both intervals (1986-2001 and 2001-2014).
Findings
Results showed that rock outcrop, plantation, cropland and savanna woodland increased at an annual rate of 13.86, 1.57, 0.82 and 0.33 per cent, respectively, whilst forest, settlement and water body decreased at 4.90, 1.84 and 1.17 per cent annual rate of change, respectively. Approximately, 74 per cent of farmers will not change land use in the future, while 84.2 per cent plan to increase farm sizes.
Research limitations/implications
The study shows that more land cover will be targeted for conversion as farmers expand their farmlands. There is the need for strict implementation of appropriate land use/cover policies to sustain food production in the region in this era of changing climate and population increase.
Originality/value
This research assessed the land use changes in the Kintampo North Municipality and its impacts on agriculture and carbon stocks release via land use changes. It identified how the decisions of the local farmers on land management will affect future landscape.
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Shunsuke Managi, Jingyu Wang and Lulu Zhang
The purpose of this paper is to provide the extensive review on dynamic monitoring of forestry area in China.
Abstract
Purpose
The purpose of this paper is to provide the extensive review on dynamic monitoring of forestry area in China.
Design/methodology/approach
Countermeasure and suggestions were proposed for three aspects including the establishment of data sets with unified standards, top-level design of monitoring and assessment and analysis models, and establishment of the decision support platform with multiple scenario simulation.
Findings
Finally, the authors proposed key research area in this field, i.e., improving the systematic and optimal forest management through integrating and improving the data, models and simulation platforms and coupling the data integration system, assessment system and decision support system.
Originality/value
The authors explored the limitation of dynamic monitoring and state of the art research on data accumulation, professional model development and the analytical platform.
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Purpose – The purpose of this research is to to determine the value of land erodibility in Krueng Seulimum watershed.Design/Methodology/Approach – This research apply survey…
Abstract
Purpose – The purpose of this research is to to determine the value of land erodibility in Krueng Seulimum watershed.
Design/Methodology/Approach – This research apply survey method and field measurement that begins with making land unit map.
Findings – The results showed that Krueng Seulimum watershed consisted of 22 units of land (LU). The value of land erodibility in secondary forest land use is low, i.e., 0.13–0.19 (LU 13 and 22), the value of land erodibility in grazing lands land use is medium, i.e., 0.31–0.32 (LU 9 and 11 ), the value of land erodibility in scrub lands land use is rather high, i.e., 0.33–0.35 (LU 2, 6, 12, 15, and 19) and the value of land erodibility in dry land agriculture land use is medium – rather high, i.e., 0.28–0.35 (LU 3, 7, 10, and 16).
Research Limitations/Implications – The land use directions for scrub lands is for cocoa-based mixed crops, such as cocoa monoculture, cocoa + areca nut, and cocoa +banana.
Practical Implications – The use of dry land agriculture is maintained for land use coupled with agrotechnology action that is guludan terrace plus mulsa application.
Originality/Value – Most of the soil in the Krueng Seulimum watershed has very low soil fertility level that affects nutrient availability plant. These characteristics should be considered in the direction of land use in the Krueng Seulimum watershed.
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