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Article
Publication date: 11 October 2023

Yuhong Wang and Qi Si

This study aims to predict China's carbon emission intensity and put forward a set of policy recommendations for further development of a low-carbon economy in China.

Abstract

Purpose

This study aims to predict China's carbon emission intensity and put forward a set of policy recommendations for further development of a low-carbon economy in China.

Design/methodology/approach

In this paper, the Interaction Effect Grey Power Model of N Variables (IEGPM(1,N)) is developed, and the Dragonfly algorithm (DA) is used to select the best power index for the model. Specific model construction methods and rigorous mathematical proofs are given. In order to verify the applicability and validity, this paper compares the model with the traditional grey model and simulates the carbon emission intensity of China from 2014 to 2021. In addition, the new model is used to predict the carbon emission intensity of China from 2022 to 2025, which can provide a reference for the 14th Five-Year Plan to develop a scientific emission reduction path.

Findings

The results show that if the Chinese government does not take effective policy measures in the future, carbon emission intensity will not achieve the set goals. The IEGPM(1,N) model also provides reliable results and works well in simulation and prediction.

Originality/value

The paper considers the nonlinear and interactive effect of input variables in the system's behavior and proposes an improved grey multivariable model, which fills the gap in previous studies.

Details

Grey Systems: Theory and Application, vol. 14 no. 1
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 11 August 2022

Pengyu Chen

The aim of this study was to investigate the impact of low-carbon city pilots (LCCPs) policy using Chinese city-level data from 2009 to 2018 and examine the mechanisms of LCCP…

Abstract

Purpose

The aim of this study was to investigate the impact of low-carbon city pilots (LCCPs) policy using Chinese city-level data from 2009 to 2018 and examine the mechanisms of LCCP policy using a mediation effect model.

Design/methodology/approach

The authors measured carbon emissions by high-resolution carbon emission data and used difference-in-difference (DID) and propensity matching score-difference-in-difference (PSM-DID) model to investigate the relationship between LCCP policy and urban carbon intensity. The complex relationship between policy and carbon intensity was evaluated through a mediation model.

Findings

The results show that LCCP policy can reduce urban carbon intensity (−0.287), but its effects are different in different sectors. The impact of LCCP policy is greater in the industrial enterprise sector than in the transport sector than in the agricultural sector. Second, the authors find that LCCP policy under market-driven is more effective than government intervention. Third, there is a spillover effect of LCCP policy, which is decreasing with distance. Finally, the authors explore the mechanisms of LCCP policy from multiple perspectives, such as optimizing industrial structure, green areas, promoting public transport travel, population migration and innovation. In addition, the flow of these factors can also explain the spillover effects of LCCP policy.

Practical implications

This study confirms that LCCP policy is an effective tool for achieving urban sustainable development. Government policy-makers should consider the differences in the impacts of LCCP policy in different sectors and the spillover effects of LCCP policy. And, it shows that the effects of LCCP policy are larger by market-driven. These findings imply that the government should take full account of city characteristics and marketisation processes when formulating carbon reduction policies.

Originality/value

This study analyzed the relationship between LCCP policy and urban carbon intensity based on high-resolution carbon emission data. Urban panel data are used to discuss the impacts of LCCP policy under government intervention and market-driven and the mechanisms at play. The study reveals that LCCP policy mainly acts on the industrial enterprise sector, the spillover effects and the market-driven effects.

Article
Publication date: 12 March 2024

Ankita Bedi and Balwinder Singh

This study aims to determine the influence of corporate governance characteristics on carbon emission disclosure in an emerging economy.

Abstract

Purpose

This study aims to determine the influence of corporate governance characteristics on carbon emission disclosure in an emerging economy.

Design/methodology/approach

The study is based on S&P BSE 500 Indian firms for the period of 6 years from 2016–2017 to 2021–2022. The panel data regression models are used to gauge the association between corporate governance and carbon emission disclosure.

Findings

The empirical findings of the study support the positive and significant association between board activity intensity, environment committee and carbon emission disclosure. This evinced that the board activity intensity and presence of the environment committee have a critical role in carbon emission disclosure. On the contrary, findings reveal a significant and negative relationship between board size and carbon emission disclosure.

Practical implications

The present study provides treasured insights to regulators, policymakers, investors and corporate managers, as the study corroborates that various corporate governance characteristics exert significant influence on carbon emission disclosure.

Originality/value

The current research work provides novel insights into corporate governance and climate change literature that good corporate governance significantly boosts the carbon emission disclosure of firms. Previous studies examining the impact of corporate governance on carbon emission disclosure ignored emerging economies. Thus, the current work explores the role of governance mechanisms on carbon emission disclosure in an emerging context. Further, to the best of the author’s knowledge, the current study is the first of its kind to investigate the role of corporate governance on carbon emission disclosure in the Indian context.

Details

International Journal of Law and Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1754-243X

Keywords

Article
Publication date: 2 February 2024

Jinhua Xu, Feisan Ye and Xiaoxia Li

This paper aims to empirically investigate the impact of the carbon intensity constraint policy (CICP) on green innovation.

Abstract

Purpose

This paper aims to empirically investigate the impact of the carbon intensity constraint policy (CICP) on green innovation.

Design/methodology/approach

This study takes the implementation of the CICP as a quasi-natural experiment and uses a quasi–difference-in-difference method to investigate the impact of the CICP on firm green innovation from a microeconomic perspective.

Findings

The CICP significantly limits the quality of firms’ green innovation. Among the range of green patents, the CICP distorts only patents related to CO2 emissions. The inhibitory effect is more pronounced in non-state-owned enterprises and heavily polluting firms. R&D investment and green investor are identified as the main mechanism.

Practical implications

These findings provide evidence for the influence of the CICP on firm green innovation, which can guide policymakers in China and other emerging economies that prioritize carbon intensity constraint targets and the improvement of relevant auxiliary measures.

Social implications

Governments and firms should have a comprehensive understanding of environmental policies and corporate behavior and need to mitigate the negative impact through a combination of measures.

Originality/value

This study contributes to the literature by providing additional empirical evidence regarding the two opposing sides of the ongoing debate on the positive or negative effects of CICP. It also provides new evidence on the policy effect of the CICP on firm green innovation, together with its mechanisms and heterogeneous influences.

Details

Sustainability Accounting, Management and Policy Journal, vol. 15 no. 3
Type: Research Article
ISSN: 2040-8021

Keywords

Article
Publication date: 27 December 2022

Alireza Rohani, Mirna Jabbour and Sulaiman Aliyu

With the growing attention around carbon emissions disclosure, the demand for external carbon assurance on emissions reports has been increasing by stakeholders as it provides…

Abstract

Purpose

With the growing attention around carbon emissions disclosure, the demand for external carbon assurance on emissions reports has been increasing by stakeholders as it provides additional credibility and confidence. This study investigates the association between the higher level of external carbon assurance and improvement in a firm's carbon emissions. It provides an understanding of corporate incentives for obtaining a higher level of carbon assurance, particularly in relation to carbon performance enhancements.

Design/methodology/approach

Data are collected from 170 US companies for the period 2012–2017 and are analysed using a change analysis. Generalised method of moment (GMM) is used to address endogeneity.

Findings

Following the rationales taken by legitimacy and “outside-in” management views, the findings reveal that a higher level of carbon assurance (i.e. reasonable assurance) marginally improves firms' carbon performance (i.e. reported carbon emissions). This is consistent with “outside-in” management view suggesting that a higher level of assurance could be utilised as a tool for accessing more information about stakeholders' needs and concerns, which can be useful in enhancing carbon performance.

Research limitations/implications

The findings are generalisable to US firms and may not extend to other contexts.

Practical implications

The implication of this study for companies is that a high level of sustainability assurance is a useful tool to access detailed information about stakeholder concerns, of which internalisation can help to marginally improve carbon performance. For policymakers, the insights into and enhanced understanding of the incentives for obtaining carbon assurance can help policymakers to develop effective policies and initiatives for carbon assurance. Considering the possible improvements in carbon performance when obtaining a high level of sustainability verification, governments need to consider mandating carbon assurance.

Originality/value

This study extends the existing studies of assurance in sustainability context as well as in carbon context by explaining why companies voluntarily get expensive external verification (i.e. higher level of assurance) of their carbon emissions disclosure. This study responds to calls in the literature for empirical research investigating the association between environmental performance and external assurance with a focus on level of assurance.

Highlights

  1. A higher level of carbon assurance Marginally improves firms' carbon performance.

  2. Corporate incentives to obtain higher level of carbon assurance is beyond seeking legitimacy.

  3. Higher level of assurance is a useful tool for accessing more information about stakeholders' concerns.

  4. Consistent with “ouside-in”management view, companies internalise stakeholders' concerns to marginally improve performance.

A higher level of carbon assurance Marginally improves firms' carbon performance.

Corporate incentives to obtain higher level of carbon assurance is beyond seeking legitimacy.

Higher level of assurance is a useful tool for accessing more information about stakeholders' concerns.

Consistent with “ouside-in”management view, companies internalise stakeholders' concerns to marginally improve performance.

Details

Journal of Applied Accounting Research, vol. 24 no. 4
Type: Research Article
ISSN: 0967-5426

Keywords

Article
Publication date: 24 October 2023

Lijuan Zhao, Yan Liu and Junhong Shi

In the context of carbon peaking and neutrality, effectively controlling agricultural carbon emissions has gained academic attention. As an essential form of agricultural service…

Abstract

Purpose

In the context of carbon peaking and neutrality, effectively controlling agricultural carbon emissions has gained academic attention. As an essential form of agricultural service scale management, this study investigates whether and how trusteeship affects the carbon emission behavior in planting production.

Design/methodology/approach

The authors established a theoretical framework to analyze the impact of agricultural production trusteeship on carbon emissions from planting. China's provincial panel data in the 2012–2021 period were selected to test the impact, mechanisms and heterogeneity of agricultural production trusteeship on carbon emissions from planting using the bidirectional fixed effect model and the panel correction standard error regression model.

Findings

The findings indicate that agricultural production trusteeship significantly inhibits carbon emissions from planting, especially in the dimensions of fertilizer input, pesticide application, agricultural film use and mechanical fuel. Agricultural production trusteeship primarily affects the intensity of these carbon emissions through contiguous farmland management and planting structure adjustment. Further examinations revealed that the influence of agricultural production trusteeship on carbon emissions from planting was heterogeneous with respect to geographical location, proportion of non-farming income and scale of agricultural production.

Originality/value

This study is the first to systematically evaluate the impact of agricultural production trusteeship on carbon emissions from planting.

Details

China Agricultural Economic Review, vol. 15 no. 4
Type: Research Article
ISSN: 1756-137X

Keywords

Article
Publication date: 30 August 2023

Ayman Issa and Mohammad In'airat

The purpose of this study is to analyze the correlation between a company’s efforts to reduce carbon emissions and its actual carbon performance. Additionally, the study…

Abstract

Purpose

The purpose of this study is to analyze the correlation between a company’s efforts to reduce carbon emissions and its actual carbon performance. Additionally, the study investigates how female decision-makers may influence this relationship as moderators.

Design/methodology/approach

This study uses a data set consisting of 1,258 observations from companies listed on the STOXX Europe 600 index between 2009 and 2021. The study applies the ordinary least squares technique to investigate the connection between carbon reduction initiatives and actual carbon performance, taking into account the potential impact of board and executive gender diversity. To ensure the reliability of the findings, subsample analysis and a two-step generalized method of moments technique were used.

Findings

The results show a significant negative association between a firm’s commitment to environmental initiatives and its carbon emission intensity. Furthermore, the study explores the moderating effect of board and executive gender diversity on this relationship and finds that gender diversity has a significant negative impact on the relationship between emissions reduction initiatives and carbon emissions.

Practical implications

The study has practical implications for corporate sustainability efforts. It highlights the importance of implementing carbon reduction initiatives to effectively mitigate carbon emissions. This emphasizes the need for sustainable business strategies that prioritize environmental initiatives. Additionally, the study underscores the positive impact of gender diversity in leadership positions on carbon reduction efforts. Policymakers and organizations can leverage these findings to promote gender diversity and enhance sustainability practices.

Social implications

It provides evidence-based insights for policymakers to develop specific policies and action plans in priority areas such as climate change and emissions reduction. It also highlights the positive influence of gender diversity in corporate leadership on environmental initiatives, promoting inclusivity and equality in sustainability practices.

Originality/value

This study brings originality by investigating the direct impact of a company’s carbon reduction initiatives on its carbon performance. It also explores the moderating effect of board and executive gender diversity on this relationship. The study provides evidence-based insights for policymakers and applies neo-institutional theory to analyze the interplay between carbon reduction initiatives, carbon emissions and gender diversity in executive and board positions.

Details

Social Responsibility Journal, vol. 20 no. 3
Type: Research Article
ISSN: 1747-1117

Keywords

Article
Publication date: 28 November 2022

Jiekuan Zhang and Yan Zhang

Although extensive studies have examined the link between tourism and carbon emissions, the impact of tourism on carbon emissions remains controversial. In contrast to prior…

Abstract

Purpose

Although extensive studies have examined the link between tourism and carbon emissions, the impact of tourism on carbon emissions remains controversial. In contrast to prior studies, this study aims to investigate the effects of tourism on carbon emissions at the city level and the underlying moderating mechanism.

Design/methodology/approach

This study designs an econometric model drawing on panel data for 313 city-level regions in China from 2001 to 2019. This study also performs rigorous robustness tests to support the regression results. In addition, the temporal and spatial heterogeneity is analyzed based on which this study discusses the moderators of the effects of tourism on carbon emissions.

Findings

The results show that both tourist arrivals and tourism revenue significantly impact carbon emissions. Also, there exists a significant temporal and spatial heterogeneity of these effects. Economic development significantly enhances while green technology and tertiary industry development suppress the positive relationship between tourism and carbon emissions. Moreover, regarding the impact on carbon emissions, an explicit substitution exists between tourism and tertiary industry development.

Originality/value

For the first time, this study quantitatively estimates the moderators of tourism’s impact on carbon emissions and concludes the moderating effects of economic growth, technological progress and industrial structure, thus furthering the theoretical understanding of the heterogeneity of tourism’s association with carbon emissions. The study also fills a technical gap in previous studies by demonstrating the reliability of the findings through various robustness tests. This is also the first empirical study to systematically examine the relationship between tourism and carbon emissions in China.

目的

尽管已经有大量的研究考察了旅游和碳排放之间的联系, 但旅游对碳排放的影响仍有争议。与之前的研究相比, 本研究旨在研究城市层面上旅游业对碳排放的影响以及潜在的调节机制。

设计/方法/途径

本研究基于2001-2019年中国313个城市层面的面板数据, 设计了一个计量经济学模型。本研究还进行了各种严格的稳健性检验以支持基准回归结果。本研究还分析了时空异质性, 并在此基础上讨论了旅游对碳排放影响的调节因素。

发现

研究结果显示, 旅游者人次和旅游收入都对碳排放有明显影响。同时, 这些影响存在明显的时间和空间异质性。经济发展明显增强但是绿色技术和第三产业发展抑制了旅游业与碳排放之间的正向关系。此外, 旅游业和第三产业发展在对碳排放的影响方面存在显著的替代关系。

原创性/价值

本研究首次定量估计了旅游业对碳排放影响的调节因素, 并总结出经济增长、技术进步和产业结构的调节作用, 从而进一步推动了对旅游业与碳排放关联的异质性的理论认识。文章还填补了以往研究的技术空白, 通过各种稳健性检验证明了研究结果的可靠性。本研究还是第一个系统地研究中国旅游业与碳排放关系的实证研究。

Diseño/metodología/enfoque

Este estudio diseña un modelo econométrico basado en datos de panel para 313 regiones a nivel de ciudad en China desde 2001 hasta 2019. Este estudio también aplica rigurosas pruebas de robustez para apoyar los resultados de la regresión. Además, se analiza la heterogeneidad temporal y espacial en base a la cual este estudio discute los moderadores efectos del turismo en las emisiones de carbono.

Objetivo

Aunque numerosos estudios han examinado la relación entre el turismo y las emisiones de carbono, su impacto sigue siendo controvertido. A diferencia de los estudios anteriores, este estudio pretende investigar los efectos del turismo en las emisiones de carbono a nivel de ciudad y el mecanismo moderador subyacente.

Conclusiones

Los resultados muestran que tanto las llegadas de turistas como los ingresos por turismo influyen significativamente en las emisiones de carbono. Además, existe una importante heterogeneidad temporal y espacial de estos efectos. El desarrollo económico aumenta significativamente, mientras que la tecnología verde y el desarrollo de la industria terciaria suprimen la relación positiva entre el turismo y las emisiones de carbono. Además, en lo que respecta al impacto sobre las emisiones de carbono, existe una sustitución explícita entre el turismo y el desarrollo de la industria terciaria.

Originalidad/valor

Por primera vez, este estudio estima cuantitativamente los moderadores del impacto del turismo en las emisiones de carbono y concluye los efectos moderadores del crecimiento económico, el progreso tecnológico y la estructura industrial, lo que permite avanzar en la comprensión teórica de la heterogeneidad de la asociación del turismo con las emisiones de carbono. El artículo también resuelve una carencia técnica de los estudios anteriores al demostrar la fiabilidad de las conclusiones mediante diversas pruebas de solidez. Este es también el primer estudio empírico que examina sistemáticamente la relación entre el turismo y las emisiones de carbono en China.

Article
Publication date: 5 October 2023

Ghassan H. Mardini and Fathia Elleuch Lahyani

The purpose of this study is to examine the impact of carbon performance on carbon disclosure among nonfinancial French-listed firms, while also considering the corporate board’s…

Abstract

Purpose

The purpose of this study is to examine the impact of carbon performance on carbon disclosure among nonfinancial French-listed firms, while also considering the corporate board’s characteristics as a secondary objective.

Design/methodology/approach

This study uses a sample of Société des Bourses Françaises 120 Index (SBF-120) French-listed firms to investigate the effect of multiple carbon performance proxies on carbon disclosure based on random effects models for the period 2010–2021. Generalized method of moments regressions are used to encounter endogeneity problems.

Findings

Drawing on stakeholder theory, this paper finds that greater carbon performance leads to greater carbon disclosure. Given the growing societal awareness about climate-change issues, carbon-responsible firms are likely to disseminate relevant carbon-related information through disclosures to respond to the information demands of a varied stakeholder group. Coherent with signaling theory, large firms that undertake carbon-reduction initiatives tend to disclose more information about their enhanced carbon performance to equity participants to distinguish themselves and highlight their decarbonization efforts.

Originality/value

This study offers significant insights given that SBF-120 firms are involved in climate-change activities as a response to the growing institutional and societal pressure to perform better and disclose reliable environmental information in their sustainability reports.

Details

Studies in Economics and Finance, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1086-7376

Keywords

Open Access
Article
Publication date: 6 December 2023

Md. Mahadi Hasan and A.T.M. Adnan

Growing food insecurity is a leading cause of fatalities, particularly in developing nations like Sub-Saharan Africa and Southeast Asia. However, the rising energy consumption and…

Abstract

Purpose

Growing food insecurity is a leading cause of fatalities, particularly in developing nations like Sub-Saharan Africa and Southeast Asia. However, the rising energy consumption and carbon dioxide (CO2) emissions are mostly associated with food production. Balancing the trade-offs between energy intensity and food security remains a top priority for environmentalists. Despite the critical role of the environment in food security, there is a scarcity of substantial studies that explore the statistical connections among food security, CO2 emissions, energy intensity, foreign direct investment (FDI) and per capita income. Therefore, this study aims to provide more precise and consistent estimates of per capita CO2 emissions by considering the interplay of food security and energy intensity within the context of emerging economies.

Design/methodology/approach

To examine the long-term relationships between CO2 emissions, food security, energy efficiency, FDI and economic development in emerging economies, this study employs correlated panel-corrected standard error, regression with Newey–West standard error and regression with Driscoll–Kraay standard error models (XTSCC). The analysis utilizes data spanning from 1980 to 2018 and encompasses 32 emerging economies.

Findings

The study reveals that increasing food security in a developing economy has a substantial positive impact on both CO2 emissions and energy intensity. Each model, on average, demonstrates that a 1 percent improvement in food security results in a 32% increase in CO2 levels. Moreover, the data align with the Environmental Kuznets Curve (EKC) theory, as it indicates a positive correlation between gross domestic product (GDP) in developing nations and CO2 emissions. Finally, all experiments consistently demonstrate a robust correlation between the Food Security Index (FSI), energy intensity level (EIL) and exchange rate (EXR) in developing markets and CO2 emissions. This suggests that these factors significantly contribute to environmental performance in these countries.

Originality/value

This study introduces novelty by employing diverse techniques to uncover the mixed findings regarding the relationship between CO2 emissions and economic expansion. Additionally, it integrates energy intensity and food security into a new model. Moreover, the study contributes to the literature by advocating for a sustainable development goal (SDG)-oriented policy framework that considers all variables influencing economic growth.

Details

Journal of Business and Socio-economic Development, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2635-1374

Keywords

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