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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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Harshal Pandurang Gund and Jay Daniel
The purpose of this study is to systematically review available state-of-the-art literature on comparative studies on Quick Commerce (Q-commerce) and E-commerce and their…
Abstract
Purpose
The purpose of this study is to systematically review available state-of-the-art literature on comparative studies on Quick Commerce (Q-commerce) and E-commerce and their greenhouse gas (GHG) emissions.
Design/methodology/approach
The literature survey methodology is based on the funneling approach of Kitchenham (2004), where results are obtained according to inclusion and exclusion criteria. The literature review methodology used for this study covers the period from 2016 to 2022. The areas considered for the survey are operations, logistics and supply chain network design for the distribution of goods in e-business. After deciding on the criteria, a total of 140 articles were extracted from 9 journal articles that study e-commerce and environmental emissions.
Findings
The result of this study reveals that GHG emissions from both modes of shopping depend on various parameters such as speed of delivery, last-mile depot locations, logistics and vehicle efficiency, customers’ order patterns and average basket size. Furthermore, the findings also highlight the difference between Q-commerce and E-commerce supply chain networks.
Research limitations/implications
This study only accounts for GHG emissions from logistics activities, but there are other sources of GHG emissions in the overall supply chain that are not taken into consideration. Supply chain/business analysts in Q-commerce companies might refer the findings from this study to measure GHG emissions from their operations.
Originality/value
This is the first study in the Q-commerce field that uses a structured approach to find relevant literature from the years 2016 to 2022 and focuses on GHG emission measurement.
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Zhirun Li, Yinsheng Yang, Namho So and Jong-In Lee
During the planting process, agricultural products produce large amounts of greenhouse gas (GHG) emissions. This has placed tremendous pressure on sustainable global development…
Abstract
Purpose
During the planting process, agricultural products produce large amounts of greenhouse gas (GHG) emissions. This has placed tremendous pressure on sustainable global development. Many countries and regions in the world have adopted intensive subsistence cultivation methods when planting maize; however, limited studies exist on these methods. The main purpose of this research is to show the impact of climate change on maize yields and carbon footprint (CF) in South Korea over 10 years, find the proper operating method and promote the advanced combination of inputs for the sustainable development of maize farmers.
Design/methodology/approach
This study used survey data from the South Korea Rural Development Administration of 2010, 2014 and 2019 to estimate the CF of maize planting under intensive subsistence cultivation. Life-cycle assessment was used to determine the CF. Farmers were grouped according to significant differences in yield and GHG emissions. Linear regression was used to measure the dependence of the main contributors on the CF production and carbon efficiency.
Findings
In South Korean maize planting, N in chemical fertiliser was the most significant contributor to the CF and organic fertiliser was the most significant input. The use of chemical and organic fertilisers significantly affects the production of the CF and carbon efficiency. Households in the high-yield and low-GHG emission groups are more sustainable because they generate the least GHG when producing and earning through maize cultivation. Globally, maize production in South Korea has a relatively low CF and maize production produces fewer GHG.
Originality/value
This study provides information for policymakers to determine key operational options for reducing GHG emissions using intensive subsistence cultivation of maize production in South Korea and other countries.
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Marcello Braglia, Francesco Di Paco, Roberto Gabbrielli and Leonardo Marrazzini
This paper presents a new and well-structured framework that aims to assess the current environmental impact from a Greenhouse Gas (GHG) emissions perspective. This tool includes…
Abstract
Purpose
This paper presents a new and well-structured framework that aims to assess the current environmental impact from a Greenhouse Gas (GHG) emissions perspective. This tool includes a new set of Lean Key Performance Indicators (KPIs), which translates the well-known logic of Overall Equipment Effectiveness in the field of GHG emissions, that can progressively detect industrial losses that cause GHG emissions and support decision-making for implementing improvements.
Design/methodology/approach
The new metrics are presented with reference to two different perspectives: (1) to highlight the deviation of the current value of emissions from the target; (2) to adopt a diagnostic orientation not only to provide an assessment of current performance but also to search for the main causes of inefficiencies and to direct improvement implementations.
Findings
The proposed framework was applied to a major company operating in the plywood production sector. It identified emission-related losses at each stage of the production process, providing an overall performance evaluation of 53.1%. The industrial application shows how the indicators work in practice, and the framework as a whole, to assess GHG emissions related to industrial losses and to proper address improvement actions.
Originality/value
This paper scrutinizes a new set of Lean KPIs to assess the industrial losses causing GHG emissions and identifies some significant drawbacks. Then it proposes a new structure of losses and KPIs that not only quantify efficiency but also allow to identify viable countermeasures.
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Kamil Abdullah and Abdullahi Mohammed Usman
The purpose of the study is to consolidate a set of indicators for assessing design and construction phase strategies for reducing operational greenhouse gas (GHG) emission. They…
Abstract
Purpose
The purpose of the study is to consolidate a set of indicators for assessing design and construction phase strategies for reducing operational greenhouse gas (GHG) emission. They will also estimate the quantity of operational GHG emission and its associated reduction over assessment period.
Design/methodology/approach
Five steps framework adopted include defining the purpose of the indicators and selection of candidate indicators. Others are defining the criteria for indicator selection, selecting and defining the proposed indicators. Relevancy, measurability, prevalence, preference, feasibility and adaptability of the indicator were the criteria used for selecting the indicators.
Findings
The study consolidated public transport accessibility, sustainable parking space, green vehicle priority, proximity to amenities and alternative modes as indicators for design and construction phase strategies. Transportation accounting and carbon footprint (CFP) and their associated reduction are indicators for operational GHG emission while plan and policy is an indicator for policymakers and stakeholders.
Practical implications
The study shows that providing correct indicators for assessing direct and indirect GHG emission with easy to obtain data is essential for assessment of built environment. Stakeholder can use the indicators in developing new rating systems and researchers as an additional knowledge. Policy makers and stakeholders can use the study in monitoring and rewarding the sustainability and activities of building related industries and organisations.
Originality/value
The study was conducted at the Center for Energy and Industrial Environmental Studies (CEIES) Universiti Tun Hussein Onn Malaysia and utilises existing rating systems and tools, Intergovernmental Panel on Climate Change (IPCC) and GHG protocol reports and guides and several other standards, which are open for research.
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Amanuel Berhe, Solomon Abera Bariagabre and Mulubrhan Balehegn
Different livestock production systems contribute to globally Greenhouse gas emission (GHG) emission differently. The aim of this paper is to understand variation in emission in…
Abstract
Purpose
Different livestock production systems contribute to globally Greenhouse gas emission (GHG) emission differently. The aim of this paper is to understand variation in emission in different production systems and it is also important for developing mitigation interventions that work for a specific production system.
Design/methodology/approach
In this study, the authors used the Global Livestock Environmental Assessment interactive model (GLEAM-i) to estimate the GHG emission and emission intensity and tested the effectiveness of mitigation strategies from 180 farms under three production systems in northern Ethiopia, namely, pastoral, mixed and urban production systems.
Findings
Production systems varied in terms of herd composition, livestock productivity, livestock reproductive parameters and manure management systems, which resulted in difference in total GHG emission. Methane (82.77%) was the largest contributor followed by carbon dioxide (13.40%) and nitrous oxide (3.83%). While both total carbon dioxide and methane were significantly higher (p < 0.05) in urban production system than the other systems emission intensities of cow’s milk and goat and sheep’s meat were lower in urban systems. Improvement in feed, manure management and herd parameters resulted in reduction of total GHG emission by 30, 29 and 21% in pastoral, mixed and urban production systems, respectively.
Originality/value
This study is a first time comparison of the GHG emission production by various production systems in northern Ethiopia. Moreover, it uses the GLEAM-i program for the first time in the ex ante settings for measuring and comparing emissions as well as for developing mitigation scenarios. By doing so, it provides information on the various livestock production system properties that contribute to the increase or decrease in GHG emission and helps in developing guidelines for low emission livestock production systems.
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Stefanie Hölbling, Gottfried Kirchengast and Julia Danzer
This study aims to investigate patterns in international travel behavior of scientific staff depending on the categories of gender, scientific field and scientific seniority…
Abstract
Purpose
This study aims to investigate patterns in international travel behavior of scientific staff depending on the categories of gender, scientific field and scientific seniority level. The learning from salient differences possibly revealed may inform measures for reducing travel greenhouse gas (GHG) emissions, especially for high-emitting staff groups, and help strengthen the equality between scientists of different categories concerning their travel behavior.
Design/methodology/approach
The study collected and used novel empirical data on travel GHG emissions from University of Graz scientific staff for five consecutive years (2015–2019) and used statistical analysis and inference to test and answer three distinct research questions on patterns of travel behavior.
Findings
The travel footprint of scientific staff, in terms of annual GHG emissions per scientist, exhibits various highly significant differences across scientific fields, seniority and gender, such as male senior natural scientists showing ten times higher per-person emissions than female junior social scientists.
Originality/value
The five-year travel GHG emissions data set across all fields from natural sciences via social sciences to humanities at a large university (Uni Graz, Austria, about 2,000 scientific staff) and across seniority levels from predocs to professors, both for female and male scientists, enabled a robust empirical study revealing distinct differences in travel GHG footprints of academic staff. In this way, the study adds valuable insights for higher research institutions toward effective GHG reduction policies.
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This paper aims to focus on scrutinizing the economics of greenhouse gas (GHG) emissions in Vietnam's rice production sector.
Abstract
Purpose
This paper aims to focus on scrutinizing the economics of greenhouse gas (GHG) emissions in Vietnam's rice production sector.
Design/methodology/approach
Using surveyed data from household rice producers, the smallest available production scale, the author delves into the economics of GHG emissions, constructs a data-driven bottom-up marginal abatement cost curve for Vietnam’s rice production, and evaluates the impacts of carbon pricing on production outputs and GHG emissions.
Findings
The author’s estimates reveal that the average profit earned per tonne of GHG emissions is $240/tCO2. Notably, the profit earning per tonne of GHG emissions varies substantially across producers, indicating significant opportunities for improvement among low-efficiency producers. The analysis suggests that a reasonable carbon price would yield a modest impact on the national rice output. The quantitative analysis also reaffirms that the primary driver of GHG emissions in Vietnam’s rice production stems from non-energy inputs and industrial processes rather than the utilisation of energy inputs, emphasizing the importance of improving cultivation techniques.
Originality/value
This research is original.
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Liantao Hou, Yinsheng Yang, Xiaoyi Zhang and Chunming Jiang
The relationship between farm size and greenhouse gas (GHG) emissions has not been clearly defined. This paper aims to assess and compare the impact of farm size on greenhouse gas…
Abstract
Purpose
The relationship between farm size and greenhouse gas (GHG) emissions has not been clearly defined. This paper aims to assess and compare the impact of farm size on greenhouse gas (GHG) emissions derived from wheat and maize production in the North China Plain (NCP), one of the most important agricultural regions in China.
Design/methodology/approach
A field survey through face-to-face interviews was conducted to collect the primary data, and life cycle assessment method, a worldwide comparable framework, was then adopted to characterize the farm-size effect on greenhouse gas (GHG) wheat and maize production in NCP.
Findings
It was confirmed that GHG emissions from N fertilizer production and use were the primary contributor to total carbon footprint (CF). As farm size increased, maize yield increased but wheat yield barely changed, while area-scaled and yield-scaled CF declined for both crops. These results were supposed to relate to utilize the inputs more efficiently resulting from increased application of modern agriculture methods on larger operations. It was also found maize not only had higher grain yields, but possessed much smaller CFs. More notably, the reduction of CF with farm size seemed to be more sensitive for maize as compared to wheat. To further mitigate GHG emissions, farm size should better be larger for wheat than for maize.
Originality/value
This study provides useful information guide for Chinese agriculture in increasing crop production, raising farm income and relieving environmental burdens caused by the misuse of agricultural resources.
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Douglas Warner, John Tzilivakis, Andrew Green and Kathleen Lewis
This paper aims to assess agri-environment (AE) scheme options on cultivated agricultural land in England for their impact on agricultural greenhouse gas (GHG) emissions. It…
Abstract
Purpose
This paper aims to assess agri-environment (AE) scheme options on cultivated agricultural land in England for their impact on agricultural greenhouse gas (GHG) emissions. It considers both absolute emissions reduction and reduction incorporating yield decrease and potential production displacement. Similarities with Ecological Focus Areas (EFAs) introduced in 2015 as part of the post-2014 Common Agricultural Policy reform, and their potential impact, are considered.
Design/methodology/approach
A life-cycle analysis approach derives GHG emissions for 18 key representative options. Meta-modelling is used to account for spatial environmental variables (annual precipitation, soil type and erosion risk), supplementing the Intergovernmental Panel on Climate Change methodology.
Findings
Most options achieve an absolute reduction in GHG emissions compared to an existing arable crop baseline but at the expense of removing land from production, risking production displacement. Soil and water protection options designed to reduce soil erosion and nitrate leaching decrease GHG emissions without loss of crop yield. Undersown spring cereals support decreased inputs and emissions per unit of crop yield. The most valuable AE options identified are included in the proposed EFAs, although lower priority is afforded to some.
Practical implications
Recommendations are made where applicable to modify option management prescriptions and to further reduce GHG emissions.
Originality/value
This research is relevant and of value to land managers and policy makers. A dichotomous key summarises AE option prioritisation and supports GHG mitigation on cultivated land in England. The results are also applicable to other European countries.
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