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The multidimensional relationship between renewable energy deployment and carbon dioxide emissions in high-income nations

Cross-national research has found that the decarbonization effect of renewable energy development is relatively weak in high-income nations. It is crucial to identify effective points of intervention to enhance renewables’ decarbonization effect. Using a multidimensional analytical framework, this study examines whether certain structural components of high-income nations’ CO2 emissions are particularly susceptible to barriers to decarbonization and therefore are less effectively mitigated by renewable energy development. Analyzing a panel dataset covering 33 high-income nations from 1996 to 2019, I identify a pattern of uneven decarbonization. Renewable energy development has mitigated production-based emissions with increasing effectiveness over time; however, the mitigation effect has been largely confined to emissions from domestic-oriented supply chain activities. Meanwhile, renewables’ inability to mitigate emissions embodied in exports and direct end-user emissions has largely persisted over time. Additionally, developing renewable energy has not spurred growth in emissions in imports, indicating that it has not intensified carbon leakage.

Bank lending and environmental quality in Gulf Cooperation Council countries

To achieve economies with net-zero carbon emissions, it is essential to develop a robust green financial intermediary channel. This study seeks empirical evidence on how domestic bank lending to sovereign and private sectors in Gulf Cooperation Council (GCC) countries impacts carbon dioxide and greenhouse gas emissions. We employ PMG-ARDL model to panel data comprising six countries in GCC over twenty years for carbon dioxide emissions and nineteen years for greenhouse gas emissions. Our findings reveal a long-term positive impact of both bank lending variables on carbon dioxide and greenhouse gas emissions. In addition, lending to the government shows a negative short-term effect on greenhouse gas emissions. The cross-country results demonstrate the presence of a long-run effect of explanatory variables on both types of emissions, except for greenhouse gas in Saudi Arabia. The sort-term impact of the explanatory variables on carbon dioxide and greenhouse gas emissions is quite diverse. Not only do these effects differ across countries, but some variables have opposing effects on the two types of emissions within a single country. The findings of this study present a new perspective for GCC economies: neglecting total greenhouse gas emissions and concentrating solely on carbon dioxide emissions means missing critical information for devising effective strategies to combat threats of environmental degradation and achieve net-zero goals.

Exploring corporate social responsibility practices in the telecommunications, broadcasting and courier sectors: a comparative industry analysis

This study aims to dissect and understand the Corporate Social Responsibility (CSR) endeavours of organisations within Malaysia’s telecommunications, broadcasting, postal and courier services sectors, particularly those holding licenses from the Malaysian Communications and Multimedia Commission (MCMC). These sectors were chosen for this study due to their crucial role in Malaysia’s economy and society, their notable environmental influence, the regulatory and public attention they receive as well as the distinct challenges and opportunities they face in implementing CSR. Employing a qualitative methodology, the study utilises a semi-structured interview protocol to gather rich, detailed insights from top management across eight listed and non-listed companies. This approach ensures a comprehensive exploration of CSR types, practices and their implementation within the target sectors. Purposive sampling was adopted to select informants with specific expertise, ensuring that the data collected was relevant and insightful. The findings of this study underscore that while telecommunications firms actively participate in Corporate Social Responsibility (CSR) initiatives, their efforts predominantly benefit the broader society, with less emphasis placed on shareholders. Additionally, it was observed that environmental issues receive relatively minimal attention from these organisations. This diversity highlights the necessity for a more equitable CSR approach that caters equally to the needs of all stakeholders, including the environment. Such a strategy is crucial for cultivating a sustainable and ethically sound business environment. The implications of this research are manifold. For companies, it emphasises the critical nature of adopting an all-encompassing CSR strategy that fosters competitive advantage while promoting sustainable development. The study advocates for a paradigm shift towards CSR practices that are not only philanthropic but also prioritise environmental stewardship and value creation.

Impact of green bonds on CO2 emissions and disaggregated level renewable electricity in China and the United States of America

Green financial products have emerged that can benefit economic actors in financing green initiatives to promote renewable energy and enable carbon neutrality. Against this backdrop, the study examines the impact of green bonds (GBs) on carbon dioxide (CO2) emissions and renewable electricity generation (EG) in China and the USA, the leading countries in terms of GB issuance and CO2 emissions. To this end, the study conducts a disaggregated-level analysis by applying novel nonlinear quantile methods between January 2, 2019, and July 31, 2023. The results demonstrate that at higher quantiles; (i) GBs mainly have a dampening impact on CO2 emissions from the transportation sector in China and the USA; (ii) GBs have a stimulating impact on solar and wind EG in China; (iii) GBs have a diminishing impact on all types of EGs in the USA. Thus, GBs have an impact on carbon neutrality and renewable energy, which differs by quantiles, sectors, and EG sources. Accordingly, various policy implications are discussed in terms of further contributions of GBs to carbon neutrality and renewable energy in China and the USA.

Delivering sustainable climate action: reframing the sustainable development goals

Globally, climate change represents the most significant threat to the environment and socio-economic development, endangering lives and livelihoods. Within the UN’s current 17 Sustainable Development Goals (SDGs), climate action is explicitly covered under Goal 13, “to take urgent action to combat climate change and its impacts”. This perspective considers how to re-frame the SDGs and their successor towards mainstreaming climate action within the targets and indicators of all the development goals.

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