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Article
Publication date: 6 August 2020

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.

Details

International Journal of Productivity and Performance Management, vol. 69 no. 8
Type: Research Article
ISSN: 1741-0401

Keywords

Article
Publication date: 23 May 2019

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…

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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.

Details

Qualitative Research in Financial Markets, vol. 11 no. 1
Type: Research Article
ISSN: 1755-4179

Keywords

Article
Publication date: 26 July 2021

Ilkay Orhan

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.

Details

Aircraft Engineering and Aerospace Technology, vol. 93 no. 8
Type: Research Article
ISSN: 1748-8842

Keywords

Article
Publication date: 4 November 2022

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.

Details

Aircraft Engineering and Aerospace Technology, vol. 95 no. 3
Type: Research Article
ISSN: 1748-8842

Keywords

Article
Publication date: 9 June 2022

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.

Details

Social Responsibility Journal, vol. 19 no. 5
Type: Research Article
ISSN: 1747-1117

Keywords

Article
Publication date: 22 October 2021

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…

178

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.

Details

Journal of Cultural Heritage Management and Sustainable Development, vol. 13 no. 4
Type: Research Article
ISSN: 2044-1266

Keywords

Article
Publication date: 30 March 2021

Paul Adjei Kwakwa

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.

Details

Management of Environmental Quality: An International Journal, vol. 32 no. 3
Type: Research Article
ISSN: 1477-7835

Keywords

Article
Publication date: 13 September 2011

Buying Wen, Zhongbin Bai and Fushuan Wen

The efficiency of the emission trading system (ETS) may help to control the total emission amount. The purpose of this paper is to investigate the generating cost issue in…

502

Abstract

Purpose

The efficiency of the emission trading system (ETS) may help to control the total emission amount. The purpose of this paper is to investigate the generating cost issue in environmental/economic power dispatch, under the premise that the ETS has already been established.

Design/methodology/approach

The emission benefit and price level factors are introduced for transforming the bi‐objective optimization problem with the fuel cost and emission cost minimization into a single objective. In the developed mathematical model, both the total emission amount from all units and the permitted emission amount from each generating unit are taken into account. The successive linear programming method is employed to solve the optimization problem.

Findings

Simulation results of the IEEE 30‐bus test system show that a proper trading mechanism of emission permits is very important for generation companies to control the total emission amount and to reduce the overall generation cost.

Research limitations/implications

Further research is needed to find out the impact on the generating cost caused by trading price fluctuation and the coping strategies.

Originality/value

The results can help to meet the requirements of current generating optimal dispatch.

Details

International Journal of Energy Sector Management, vol. 5 no. 3
Type: Research Article
ISSN: 1750-6220

Keywords

Article
Publication date: 22 July 2021

Muhammad Tahir, Arshad Hayat and Umar Burki

Environmental degradation is recognized as a serious problem globally, and hence, Saudi Arabia is no exception. This paper aims to focus on the economy of Saudi Arabia to identify…

Abstract

Purpose

Environmental degradation is recognized as a serious problem globally, and hence, Saudi Arabia is no exception. This paper aims to focus on the economy of Saudi Arabia to identify the determinants of environmental degradation.

Design/methodology/approach

Time series data spanning from 1971 to 2014 is used and analyzed using the recently developed autoregressive distributed lag modeling approach.

Findings

The obtained results reflected that natural resources, per person income and urbanization, have impacted environmental degradation both positively and significantly in the long run. Similarly, an insignificant negative relationship is established between trade openness and environmental degradation. Moreover, energy consumption has positively but insignificantly affected environmental degradation. In the short run, only per capita income has positively influenced environmental degradation while the rest of the variables have lost either significance levels or their direction of relationship has reversed.

Originality/value

As this is a pioneering study on the economy of Saudi Arabia, therefore, the authors assume that policymakers will find the findings of the current study very useful while formulating and implementing policies to control environmental degradation.

Details

International Journal of Energy Sector Management, vol. 16 no. 1
Type: Research Article
ISSN: 1750-6220

Keywords

Article
Publication date: 4 December 2017

Gokhan Egilmez, N. Muhammad Aslaam Mohamed Abdul Ghani and Ridvan Gedik

Carbon footprint assessment requires a holistic approach, where all possible lifecycle stages of products from raw material extraction to the end of life are considered. The…

Abstract

Purpose

Carbon footprint assessment requires a holistic approach, where all possible lifecycle stages of products from raw material extraction to the end of life are considered. The purpose of this paper is to develop an analytical sustainability assessment framework to assess the carbon footprint of US economic supply chains from two perspectives: supply chain layers (tiers) and carbon footprint sources.

Design/methodology/approach

The methodology consists of two phases. In the first phase, the data were collected from EORA input output and environmental impact assessment database. In the second phase, 48 input-output-based lifecycle assessment models were developed (seven CO2 sources and total CO2 impact, and six supply chain tiers). In the third phase, the results are analyzed by using data visualization, data analytics, and statistical approaches in order to identify the heavy carbon emitter industries and their percentage shares in the supply chains by each layer and the CO2 source.

Findings

Vast majority of carbon footprint was found to be attributed to the power generation, petroleum refineries, used and secondhand goods, natural gas distribution, scrap, and truck transportation. These industries dominated the entire supply chain structure and found to be the top drivers in all six layers.

Practical implications

This study decomposes the sources of the total carbon footprint of US economic supply chains into six layers and assesses the percentage contribution of each sector in each layer. Thus, it paves the way for quantifying the carbon footprint of each layer in today’s complex supply chain structure and highlights the importance of handling CO2 source in each layer separately while maintaining a holistic focus on the overall carbon footprint impacts in the big picture. In practice, one size fits all type of policy making may not be as effective as it could be expected.

Originality/value

This paper provides a two-dimensional viewpoint for tracing/analyzing carbon footprint across a national economy. In the first dimension, the national economic system is divided into six layers. In the second dimension, carbon footprint analysis is performed considering specific CO2 sources, including energy production, solvent, cement and minerals, agricultural burning, natural decay, and waste. Thus, this paper contributes to the state-of-art sustainability assessment by providing a comprehensive overview of CO2 sources in the US economic supply chains.

Details

Industrial Management & Data Systems, vol. 117 no. 10
Type: Research Article
ISSN: 0263-5577

Keywords

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