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1 – 10 of over 21000Ankita 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.
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Carmelita Wenceslao Amistad and Daryl Ace Cornell
This study aims to determine the effects of lodging infrastructure development (LID) on Cordillera Administrative Region’s (CAR) environmental quality and natural resource…
Abstract
Purpose
This study aims to determine the effects of lodging infrastructure development (LID) on Cordillera Administrative Region’s (CAR) environmental quality and natural resource management and its implication to globally responsible leadership. Specifically, this study sought to determine the contribution of LID to environmental deterioration and natural resource degradation in the CAR. As a result, a mathematical model is developed, which supports sustainability practices to maintain the environmental quality and natural resource management in CAR, Philippines.
Design/methodology/approach
This study used a descriptive research design using a mixed-methods approach. Self-structured interview and survey were used to gather the data. The population of this study involved three groups. There were 6.28% (34) experts in the field for the qualitative data, 70.24% (380) respondents for the quantitative data and 23.47% (127) from the lodging establishments. 120 respondents from the Department of Tourism – CAR (DOT-CAR) accredited hotels. Nonparametric and nonlinear regression analysis was used to process the data.
Findings
The effects of LID on the environmental quality and natural resource management in CAR as measured through carbon emission from liquefied petroleum gas (LPG), electricity and water consumption in the occupied guest rooms revealed a direct correlation between the LID. Findings conclude that the increase in tourist arrival is a trigger factor in the increase in LID in the CAR. The increase in LID implies a rise in carbon emission in the lodging infrastructure. Any increase in tourist arrivals increases lodging room occupancy; the increased lodging room occupancy contributes to carbon emissions. Thus, tourism trends contribute to the deterioration of the environmental quality and degradation of the natural resources in the CAR. A log-log model shows the percentage change in the average growth of tourist arrival and the percentage increase in carbon emissions. Establishments should observe standard room capacity to maintain the carbon emission of occupied lodging rooms at a minimum. Responsible leadership is a factor in the implementation of policy on standard room capacity.
Practical implications
The result of the study has some implications for the lodging businesses, the local government unit (LGU), the Department of Tourism (DOT) and the Department of Environment and Natural Resources (DENR) in the CAR. The study highlights the contribution of the lodging establishments to CO2 emission, which can degrade the quality of the environment, and the implication of responsible leadership in managing natural resources in the CAR. The direct inverse relationship between energy use and CO2 emission in hotels indicates that increased energy consumption leads to environmental degradation (Ahmad et al., 2018). Therefore, responsible leadership among policymakers in the lodging and government sectors – LGU, DOT and DENR – should abound in the CAR. Benchmarking on the model embarked from this study can help in designing and/or enhancing the policy on room capacity standardization, considering the total area with its maximum capacity to keep the carbon emission at a lower rate. Furthermore, as a responsible leader in the community, one should create programs that regulate the number of tourists visiting the place to decrease the number of overnight stays. Besides, having the political will to implement reduced room occupancy throughout the lodging establishments in CAR can help reduce the carbon emissions from the lodging businesses. After all, one of the aims of the International Environment Protection Organization is to reduce CO2 emissions in the tourism industry. Hence, responsible leadership in environmental quality preservation and sustainable natural resource management must help prevent and avoid greenhouse gas (GHG) emissions.
Originality/value
Most studies about carbon emission in the environment tackle about carbon dioxide emitted by transportation and factories. This study adds to the insights on the existing information about the carbon emission in the environment from the lodging establishments through the use of LPG, electricity and water consumption in the occupied guest rooms. The findings of the study open an avenue for globally responsible leadership in sustaining environmental quality and preservation of natural resources by revisiting and amending the policies on the number of room occupancy, guidelines and standardization, considering the total lodging area with its maximum capacity to keep the carbon emission at a minimum, thus contributing to the lowering of GHG emissions from the lodging industry.
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Shakeel Sajjad, Rubaiyat Ahsan Bhuiyan, Rocky J. Dwyer, Adnan Bashir and Changyong Zhang
This study aims to examine the relationship between financial development (FD), financial risk, green finance and innovation related to carbon emissions in the G7 economies.
Abstract
Purpose
This study aims to examine the relationship between financial development (FD), financial risk, green finance and innovation related to carbon emissions in the G7 economies.
Design/methodology/approach
This quantitative study examines the roles that financial development [FD: Domestic credit to private sector by banks as percentage of gross domestic product (GDP)], economic growth (GDP: Constant US$ 2015), financial risk index (FRI), green finance (GFIN: Renewable energy public research development and demonstration (RD&D) budget as percentage of total RD&D budget), development of environment-related technologies (DERTI: percentage of all technologies) and human capital (HCI: index) have on the environmental quality of developed economies. Based on panel data, the study uses a novel approach method of moments quantile regression as a main method to tackle the issue of cross-sectional dependency, slope heterogeneity and nonnormality of the data.
Findings
The study confirms that increasing economic development increases emissions and negatively impacts the environment. However, efficient resource allocation, improved financial systems, and green innovation are likely to contribute to emission mitigation and the overall development of a sustainable viable economy. Furthermore, the study highlights the importance of risk management in financial systems for future emissions prevention.
Practical implications
The study uses a reliable estimation procedure, which extends the discussion on climate policy from a COP-27 perspective and offers practical implications for policymakers in developing more effective emission mitigation strategies.
Social implications
The study offers policy suggestions for a sustainable economy, focusing on both COP-27 and the G7 countries. Recommendations include implementing carbon pricing, developing carbon capture and storage technologies, investing in renewables and energy efficiency and introducing financial instruments for emission mitigation. From a COP-27 standpoint, the G7 should prioritize transitioning to low-carbon economies and supporting developing nations in their sustainability efforts to address the pressing challenges of climate change and global warming.
Originality/value
In comparison to the literature, this study examines the importance of financial risk for G7 economies in promoting a sustainable environment. More specifically, in the context of FD and national income with carbon emissions, previous researchers have disregarded the importance of green innovation and human capital, so the current study fills the gap in the literature related to G7 economies by exploring the link between the identified variables related to carbon emissions.
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Monica Singhania and Neha Saini
The paper attempts to revisit the nexus between economic growth, carbon emissions, trade openness, financial effectiveness and FDI for a sample of seven developed and developing…
Abstract
Purpose
The paper attempts to revisit the nexus between economic growth, carbon emissions, trade openness, financial effectiveness and FDI for a sample of seven developed and developing countries using curvilinear relationship as per environmental Kuznets curve (EKC) hypothesis over long term.
Design/methodology/approach
The authors determine the unit root properties of variables (using Clemente–Montañés–Reyes unit root test with double mean shifts and AO model and augmented Dickey–Fuller test) for structural breaks at different levels. Autoregressive distributed lag (ARDL) and error correction model (ECM) methodology was used to estimate long- and short-run parameters among the selected variables in sample countries from 1965 to 2016. Vector error correction (VEC) and Granger causality approach was used to determine the direction of causality.
Findings
The authors confirmed long-run relationship among the variables and highlighted high economic growth and energy consumption as the main causes of environmental degradation. While in India financial development and FDI inflows depict a negative association with environmental sustainability, however, such relationship was positive in the United Kingdom (UK), which is often considered as a benchmark for policymakers. The authors’ findings were in agreement with existing research insights in reporting FDI and financial development as the major contributors towards (unsustainable) sustainable environment through emissions in case of (developing country like India) developed country like UK. For other sample countries (China, Brazil, Japan, South Africa, United States of America (USA)), the authors’ model failed to capture financial development and FDI as significant contributors of carbon emissions. However, unidirectional causality running from energy to carbon emission was observed leading to the policy adoption of incentivizing alternative energy-based resources to increase energy efficiency across the energy value chain.
Research limitations/implications
Manufacturing with renewable energy, in collaboration with private and foreign players, under an institutional framework is desirable. Policy instruments including mandatory administrative controls, economic incentives and voluntary schemes that promote energy efficiency building blocks need to be established. A sound legal system for implementing technological innovation, financial subsidy incentives, interest-free loan programmes and development of financial sector supports creation and thriving of energy efficient units, often a perquisite for accelerated development.
Originality/value
By undertaking a comparative analysis, the authors address the research gap through revisiting EKC hypothesis with different set of trade policy and financial development framework. To the best of the authors’ knowledge, earlier studies were limited to one-country data analysis and did not consider the comparative data set of developed and developing countries with reference to financial development and FDI components.
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Neha Saini and Monica Sighania
The purpose of this paper is to organize the detailed review of economic growth, carbon emission and foreign capital inflows and its impact on the environment. Another objective…
Abstract
Purpose
The purpose of this paper is to organize the detailed review of economic growth, carbon emission and foreign capital inflows and its impact on the environment. Another objective of the study is to provide the comprehensive bibliography and to analyze the findings and results of the studies undertaken in review.
Design/methodology/approach
This paper examined 111 research papers from a sample of thousands of papers, based on inclusion criteria, in this area of research. These 111 research papers are categorized on the basis of several factors to know the status of research on this topic.
Findings
This study is based on economic development and carbon emission and its impact on the environment. We tried to gather all the available facts based on this topic and found that the topic is gaining high relevance in the present scenario because of the growing pace of development in developing countries. Most of the studies supported the environmental Kuznets curve hypothesis and we also found that significant amount of literature is available which supports cleaner FDI as a measure to mitigate the negative effects of economic growth on the ecological environment.
Originality/value
Based on the literature review from various sources, this study provides the collection, classification and comprehensive bibliography on this topic, which may be helpful for stakeholders such as academicians, researchers and policymakers working particularly in this area of research.
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This study aims to estimate the greenest helicopters and the emission amount based on the helicopter movement within the London Heathrow and London city control zone.
Abstract
Purpose
This study aims to estimate the greenest helicopters and the emission amount based on the helicopter movement within the London Heathrow and London city control zone.
Design/methodology/approach
The helicopter flight data recorded by the UK’s specialist aviation regulator Civil Aviation Authority and the helicopter type with engine emission data from the Federal Office of Civil Aviation (FOCA) were used for calculation. Based on the approach adopted, the greenest and the most environmentally friendly helicopters were identified for a light-duty helicopter with single-engine, a light-duty helicopter with twin-engine and a heavy-duty helicopter with twin-engine.
Findings
Comparing a flight consisting of landing and take-off cycle, and 1-h phase based on helicopters emissions in the FOCA database, B06 with DDA250-C20R single-engine in the light utility, A109 with PT6B-37 twin-engine in the light utility, and the A139 helicopter with the PT6C-67C twin-engine in the high utility has been identified as the most environmentally friendly helicopter.
Practical implications
This study provides the opportunity to compare between the best and the worst helicopter with engine type according to the emission values released to the environment.
Originality/value
This study raises awareness of the emission levels caused by helicopter in urban air transport in developed countries in terms of environmental and human health. It also provides justification for the authorities to encourage the development and use of green engines and technologies.
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Andriy Mishchenko, Alper Dalkıran, Iryna Novakovska, Liliia Skrypnyk and Nataliia Ishchenko
The world society as a whole and Ukraine are realizing that climate change and decarbonization are critical issues. This study aims to determine whether the aviation and…
Abstract
Purpose
The world society as a whole and Ukraine are realizing that climate change and decarbonization are critical issues. This study aims to determine whether the aviation and transportation industries in Ukraine have rearranged their priorities as a result of this investigation. The process of decarbonization and adaptation begins with a legislative point of view and then moves on to technology, improvements, infrastructure, energy and emissions stages to meet the primary goals.
Design/methodology/approach
An analysis of the content of the literature about decarbonization and the legislation and application processes for airport de-carbonization in Ukraine. The study focuses on the landing and take-off cycle of the airports. The statistics on the transportation of the Ukrainian territory have been looked at over time to determine whether or not there have been any shifts.
Findings
There are significant reduction figures found in the Poltava region. Double-figure emissions reductions in four years of series are 5.9%, 41.0% and 19.3%, in the respective years of 2018, 2019 and 2020, which is a 55.3% reduction compared with 2020 to 2017.
Practical implications
Because the transportation industry and aviation generate a significant amount of carbon dioxide, steps must be taken to cut emissions. The decarbonization process ought to proceed in the form of a series of actions to achieve carbon reduction goals with a broader range of participants. In addition, an aviation subsidy for biofuels may be required to initiate the shift by having the taxation change.
Originality/value
As far as the literature surveys, to the best of the authors’ knowledge, this is the first comprehensive Ukrainian decarbonization analysis that considers legislation, technology, improvements, infrastructure, energy and emissions in addition to just those four categories.
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Awais Ur Rehman, Arsalan Haneef Malik, Abu Hassan bin Md Isa and Mohamad bin Jais
The study aims to investigate the impact of financial inclusion (FI) on environmental quality and the mediating role of industrialization (IZ). In addition, these relationships…
Abstract
Purpose
The study aims to investigate the impact of financial inclusion (FI) on environmental quality and the mediating role of industrialization (IZ). In addition, these relationships among the counties with different levels of income and carbon emissions were also analyzed.
Design/methodology/approach
This paper used the International Monetary Fund database for indicators of FI. The environmental indicators were obtained from the World Bank database for a panel of worldwide countries from 2004 to 2019. Separate indices of environmental sustainability (ES) and environmental degradation (ED) were created by using principal component analysis . The generalized method of moments regression was applied to examine the relationship between variables.
Findings
The study found full mediation of IZ between FI and ES, whereas partial mediation between FI and environmental degradation. The results were found robust against alternative measures of carbon emissions. Furthermore, the study also bifurcated the sample according to the level of income and carbon emission. It was found that FI plays a positive role in the betterment of environmental quality for high-income countries, while a negative role in upper-middle-income, lower-middle-income and low-income countries. Besides, FI has a negative role in the ES of the countries having higher or lower carbon emission levels.
Originality/value
Empirically this study contributes by creating two different novel measures of ES and environmental degradation, in contrast to other studies that solely relied on carbon emission. Contrary to previous studies, this study suggests that FI is not solely responsible for environmental damages, and IZ is the key channel by which FI shifts its impact on ES. Moreover, for environmental degradation, there are some other channels involved that need to be investigated further. This study has also noted that the relationship between FI and ES is context-dependent. Theoretically, this paper contributes to the literature by using ecological modernization theory in the nexus of FI, IZ and environmental quality.
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Azadeh Sagheb, Esra’a Alrashydah and Ehsan Vafaeihosseini
With increased populations and movement of people worldwide, traffic emissions will lead to an increase in carbon dioxide emissions, which is one of the greenhouse gases. This…
Abstract
Purpose
With increased populations and movement of people worldwide, traffic emissions will lead to an increase in carbon dioxide emissions, which is one of the greenhouse gases. This will increase outdoor air pollution and other environmental risks that will impact people's health and livelihood, crops, as well as the built environment such as architecture, buildings and other structures. Few studies have been devoted to addressing the effect of air pollution on historic buildings. However, there is no specific study on the impact of traffic-related emissions.
Design/methodology/approach
A thorough analysis has been conducted in selecting eight historic districts (HDs) among all of 31 located within the city of San Antonio. Motor Vehicle Emission Simulator (MOVES) software has been utilized to process the data collected from the average annual daily traffic (AADT) and vehicle operational speeds and evaluate the amounts of emissions for each HD.
Findings
MOVES outcomes showed that HDs are under the threat of deterioration caused by traffic emissions. Therefore, transportation and environmental planners need to implement sustainable solutions to reduce the impact of CO2 emissions on HDs and, ultimately, historic buildings.
Originality/value
This study will help policymakers plan a better course of action for the future conditions associated with the increased traffic volumes. It is also beneficial for the developers, preservationists, architects and all other stakeholders willing to preserve the history of a country.
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Attaining higher economic growth and development is among the topmost agenda for many countries. However, the process to attain such growth and development involves higher level…
Abstract
Purpose
Attaining higher economic growth and development is among the topmost agenda for many countries. However, the process to attain such growth and development involves higher level of energy consumption and that may not spare the quality of the environment. A similar concern has been raised for Ghana as it aims to attain an upper middle-income status in the near future. The country's energy sector has however not been robust in meeting the electricity demand, leading to a recurrent power crisis. The study seeks to analyze the effect of income growth, electricity consumption and power crisis on Ghana's carbon dioxide (CO2) emissions.
Design/methodology/approach
The paper relies on annual time series data from the World Bank (2020) and employs the autoregressive distributed lag (ARDL) and fully modified ordinary least square (FMOLS) estimation techniques for regression analysis.
Findings
The results showed that the environmental Kuznets curve (EKC) hypothesis is valid for Ghana in the case of carbon emissions. Also, while electricity consumption has an insignificant effect on carbon emissions, electricity power crisis exerts a positive effect on emission of CO2. It was also noted that industrialization and financial development increase CO2 emissions.
Research limitations/implications
Policy implications from the study include the EKC hypothesis can be a sound basis for environmental policy in Ghana. Other recommendations and areas for future research have been provided.
Originality/value
The study empirically estimates the effect of electricity crisis on CO2 emissions.
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