Search Results (233)

This paper discusses the role of afforestation projects and other climate technologies in the green agenda for Russia and aims to justify the anchoring of jurisdictional carbon pricing in the cost approach to valuation, specifically, with reference to the cost economics for afforestation projects given their centrality to the agenda. Through that, and due to the inchoate state of carbon pricing in the study jurisdiction, this paper aims to advance price discovery for national carbon credits in both compliance and voluntary schemes. The cost approach framework, moderated by international market comparisons, indicates the fair price of carbon in Russian jurisdiction at the level of USD 20–25 per tonne of CO₂-eq, which is close to the global median but is more than double the amount of carbon levies set under the Sakhalin GHG quota experiment. It is argued that unless such a fair price for carbon is set in the country, the national carbon credits market will not achieve viable growth, nor will sustainable development be advanced, and funds for it be adequately collected. This represents a relevant contribution to the literature on the development of the national carbon credit markets. Full article

With carbon emissions continuing to rise, global warming has become a popular research topic. To address climate change, China is taking proactive measures to reduce its carbon emissions. Covering the period between 2009 and 2021, this study utilizes data from 3668 publicly listed companies in China, along with data from their respective cities, to investigate the impact of the carbon emissions trading pilot policy on their environmental, social, and governance (ESG) performance. The conclusions show that the policy has greatly improved corporate ESG performance. However, its impact on the corporate ESG performance has varied over time, across different entities, and among different cities. Furthermore, the companies’ level of green innovation plays a crucial intermediary role. Additionally, a company’s risk-bearing capacity and level of urban green credit support positively moderate the effectiveness of the policy. These findings enrich our understanding of the relationship between the pilot policy and corporate ESG performance. Full article

With increasing concrete production, CO₂ emissions rise, and natural resources deplete, creating a need for new material solutions. This article analyzes the feasibility of using green materials, like recycled aggregate (RA) from construction and demolition waste (CDW) to be incorporated into concrete (RAC). The objective of this paper is to determine that the use of RA ensures receiving sustainable concrete in comparison with NA and LA. The sustainability assessment was conducted based on an analysis of the life cycle in terms of the environmental, economic, and public perception aspects. Additionally, the analysis was extended to include two newly introduced indicators: quality of aggregates and concrete performance. A proprietary scoring method based on ideal aggregate characteristics was used, which was enhanced by innovative multidimensional analysis, with credits assigned based on a literature review conducted using artificial intelligence (AI) statistical tools to partially assist in the selection of items. The results could even show that RA outperformed natural aggregates (NA) and artificial (light) aggregates (LA) in the environmental (over 80% of the results) results as well as the economic (over 65%) and public perception categories (over 80%). However, RA ranked second behind NA in terms of quality aggregates and concrete performance, with LA scoring lowest. The results highlight RAC as a satisfactory sustainable option compared with NAC, supporting the circular economy by reducing waste, emissions, and resource consumption. The best solution would be hybrid concrete containing a partial substitute for natural aggregates in the form of recycled aggregates, enabling the advantages of both types of aggregates to complement each other and offset their limitations. Full article

This study examines the impact of financial development and quality growth on environmental sustainability in European Union (EU) countries, making a significant contribution to the existing literature by introducing a composite index for environmental sustainability and emphasizing quality growth as a more inclusive alternative to traditional economic growth indicators. Unlike conventional studies, which often measure environmental sustainability using single indicators, this research introduces a composite index that includes both environmental damage (e.g., carbon emissions) and protective factors (e.g., forest area, renewable energy consumption). This innovative approach provides a more holistic assessment of environmental sustainability, distinguishing this study from existing research. The results emphasize the role of a robust financial system in promoting environmental sustainability, as each unit increase in financial development is positively correlated with the environmental sustainability ratio, encouraging investments and projects that prioritize environmental goals. In addition, the study shows that quality growth, which takes into account social welfare and resource efficiency in addition to economic expansion, is crucial for promoting sustainability. By focusing on quality growth, this study shifts the paradigm from mere quantitative economic expansion to a more comprehensive understanding of growth that integrates social and environmental dimensions. This nuanced approach contrasts with traditional models that focus on quantitative economic growth, highlighting that both quality growth and financial development are critical to supporting long-term environmental goals. This research provides actionable insights for policymakers by emphasizing the need for financial reforms, such as green bond markets and sustainable credit mechanisms, to support sustainable development. Full article

Water-based nutrient injection technology, widely used in sectors like viticulture, hydroponics, and intensive animal systems, has previously seen limited application in livestock production. Early mechanical dispensers for nutrients, such as non-protein nitrogen (NPN) and phosphorus (P), were prone to malfunction, leading to inconsistent dosing and potential livestock health risks. This contributed to skepticism and slow adoption among producers. However, recent technological advancements have renewed interest in water-based supplementation for grazing animals. This case study assessed the use of water injection technology to deliver nutrients and a methane-reducing compound to cattle on a commercial cattle station under extensive grazing conditions. A total of 120 steers [initial liveweight (LW) 322.5 ± 28.3 kg] were assigned to three groups: water only (Control), a water supplement containing nutrients such as nitrogen and phosphorus, known as uPRO GREEN^® (Green), and uPRO GREEN^® combined with Agolin Ruminant L^® (Blue). The experiment lasted 90 days, during which LW was continuously monitored via a walk-over weighing system, and water disappearance was measured at the mob level. Methane emissions were forecasted using dry matter intake estimates based on observed animal growth rates. Additionally, 24 steers were equipped with on-animal sensors with GPS to monitor behavioral changes. The results indicate that despite the potential reduction in water intake (Control and Green: 948.1 and 973.5 L/d, respectively, versus 547.5 L/d for Blue), there were no negative effects on growth (mean average daily gain of 1.32 kg/d) or animal behaviors. The predicted methane emission of 209.04 g CH₄/head/day could potentially be reduced by 10–15% with the compound used in the current trial. These findings suggest that water-based supplementation can be used to optimize nutrient delivery and a methane-reducing compound without compromising cattle productivity in extensive grazing environments. In addition, the potential enteric methane mitigation presents an opportunity for livestock producers to generate additional revenue through carbon credits or to create new markets for beef with low greenhouse gas emissions when cattle consume methane-reducing compounds. Full article

This paper examines the influence of green innovation on the sustainable development performance of Chinese companies listed on the Shanghai and Shenzhen A-shares market between 2010 and 2021. Utilizing manually collected green innovation patent data from the National Intellectual Property Administration, this paper finds that green innovation can enhance corporate sustainable development performance by improving the corporation’s reputation and increasing resource utilization efficiency within metropolitan areas. Heterogeneity analyses show that the impact of green innovation on sustainable development performance is more pronounced when the urban commercial credit environment is better, following the enactment of the new Environmental Protection Law, and during the implementation of digital transformation processes in cities. This paper enriches the research related to the economic consequences of green innovation and the influencing factors of sustainable development performance, offering theoretical support for policy refinement by regulatory authorities and the optimization of investment decisions by investors. Full article

As environmental pollution intensifies, China has begun to implement green credit policies to reduce credit allocation to highly polluting enterprises. This research examines the influence of green credit on the cash flow of heavily polluting enterprises, based on the implementation of the “Green Credit Guidelines”. The policy creates a quasi-natural experimental setting by giving businesses access to an exogenous occurrence. Consequently, this paper uses data from 494 A-share listed companies in China over a fifteen-year period from 2007 to 2021 and employs a Difference-in-Differences (DID) model to assess the net effect of the policy, positing that green credit scheme will prevent highly polluting businesses from making money. The empirical findings show that the green credit policy significantly reduces the cash flow of businesses that emit a lot of pollutants, especially when it comes to operational cash flow. Heterogeneity analysis reveals that the cash flow of high-emission regions and non-state-owned heavily polluting enterprises is affected even more significantly. Previous research has often overlooked cash flow as a metric; however, cash flow is a critical indicator of an enterprise’s operational status. From this angle, this study adds to our knowledge of how green credit schemes affect highly polluting businesses. Additionally, it contributes to the ongoing discussion regarding the relationship between financial constraints and cash flow. China’s government ought to keep encouraging the creation of green credit regulations, enhance supervision of state-owned heavily polluting enterprises, and pay attention to low-emission regions by establishing dynamic regulatory indicators to promote ecological civilization construction and the transformation and upgrading of lagging industries. Full article

With the increasing global concern for environmental protection and sustainable development, the low-carbon transformation of the manufacturing industries has become a top priority. The rapid development of green digital technology (GDT) provides new opportunities and a strong impetus for the low-carbon transformation of the manufacturing industries. Meanwhile, green credit, as an important financial tool to promote the development of the green economy, plays a key role in guiding resource allocation. In order to respond to the urgent global demand for environmental protection and sustainable development and to accelerate the pace of the low-carbon transformation of manufacturing industries, based on evolutionary game theory, this paper constructs a three-party evolutionary game model of commercial banks (CBs), digital businesses (DBs) and manufacturing industries (MIs); further subdivides the MIs into two categories of non-polluting MIs and polluting Mis; and performs a numerical simulation using Python to analyze the influence of the main parameters on the evolutionary stabilization strategy. The results of the study are as follows: (1) Changes in the interest rate of the green credit have a greater impact on the strategic evolution process of polluting MIs than non-polluting MIs. The green credit model contributes to the introduction of GDT for the low-carbon transformation by non-polluting MIs, although for polluting MIs, the model hinders, to some extent, their introduction of GDT for the low-carbon transformation. (2) Polluting MIs are more sensitive to the investment cost of introducing GDT than non-polluting MIs. When the support benefits of GDT are too low, polluting MIs are more inclined to choose independent innovation to realize the low-carbon transition. (3) Government subsidies to DBs in terms of GDT innovation are crucial to the DBs’ strategy choices. High subsidies can significantly accelerate the cooperation process between DBs and Mis. The findings reveal the challenges and opportunities faced by both non-polluting and polluting manufacturing industries in the process of the low-carbon transformation. In addition, the study provides theoretical references for the behavioral decisions of commercial banks, digital businesses, and manufacturing industries, and proposes corresponding management suggestions to promote the sustainable development of the manufacturing industries. Full article

The key to sustainable agricultural development is the transition to an environmentally friendly economic growth model. The development of agricultural credit (AC) plays an important role in promoting the shift of agricultural economic growth toward a green and low-carbon direction. In this context, a key question that needs to be addressed is the theoretical basis for how AC development affects agricultural green total factor productivity (AGTFP), and whether this relationship can be empirically tested. This article analyzes the impact mechanism of China’s AC development on AGTFP and conducts empirical testing using provincial panel data from 2009 to 2019. The results show that AC development significantly contributes to improving AGTFP. In terms of the underlying mechanism, AC development primarily fosters agricultural green technology innovation, thereby enhancing AGTFP. Full article

Green credits are one of the alternative bank loans to the traditional sector. In addition, this green credit supports sustainability and environmental issues. This paper analyzes the influence of green credits on bank profits and stability in Indonesia. This study analyzed banks in Indonesia that provided green credits. Of 140 banks, only 35 banks disbursed green credits starting in 2019. Our study examined all banks providing green credit from 2019 to 2022 using annual data. The results of the study showed that green credits have a positive effect on profits, but green credits have no effect on bank stability. Small banks benefit from green credits in encouraging profitability. In addition, the profitability and stability of banks in Indonesia are greatly influenced by strong bank fundamentals such as capital and efficiency. This study has important implications in both theoretical and practical aspects. Because green credit supports profitability, the bank must diversify the loans in both the traditional sector as well as new sectors that are related to environmental issues and development sustainability following the theory of loan diversification. For practical implication, the Indonesian Financial Service Authority as a policymaker requires each bank to provide financing related to green credits. Full article

Biochar, produced through the pyrolysis of biomass and green waste, offers significant potential as a soil amendment to enhance soil health and sustainability in agriculture. However, the current Measurement, Reporting, and Verification (MRV) systems for biochar predominantly focus on carbon credits/offsets, neglecting crucial aspects related to its usability and suitability as a soil amendment on agricultural fields. Through an examination of recent findings, this perspective explores the integration of geochemical tracers, functional group (hydroxyl, carboxyl, phenolic, lactonic, etc.) analysis, and nutrient dynamics into MRV procedures/systems to create a more comprehensive framework. By examining the applicability of these indicators, this paper identifies key gaps and proposes a more robust MRV approach. Such a system would not only facilitate better assessment of biochar’s agronomic benefits but also guide its optimal use in various soil types and agricultural practices. Full article

In Latin America, the energy crisis has worsened due to the dependence on energy services and fossil fuel imports from highly industrialized countries at prices established by the international market; this is particularly relevant to the construction industry, which presents a significant deficit in optimal energy consumption. Hence, some governments have established public policies to maximize the efficiency of these services and, at the same time, minimize the carbon footprint. In this research study, we reviewed the public policies, strategies, and incentives for energy efficiency (EE) implementation in the residential sector established by the Mexican government. A scoping review methodology was chosen and implemented in the following steps: 1. Research inquiry identification. 2. Determination of the relevant literature and studies. 3. The literature selection. 4. Data graphing. 5. Results collection, overview, and submission. In this systematic review, we identified five mandatory standards (NOM-008-ENER-2001, NOM-009-ENER-2014, NOM-018-ENER-2011, NOM-020-ENER-2011, and NOM-024-ENER-2012), six optional standards, four strategies (Green Mortgage, Integral Sustainable Improvement in Existing Housing, ECOCASA, and NAMA), and three kinds of incentives (green bonds, credit and interest rates (Green Mortgage, FIDE, and Ecocasa), and taxes (Income Tax Reduction)). As a result of the implementation of the above, as of December 2020, NAMA financed 5106 developers of 38 projects in 15 states; contributed to a reduction of 126,779 tons of CO₂; and aided 19,913 people. From 2013 to December 2023, EcoCasa subsidized 71,440 households for a total of 224 projects in 25 states; contributed to a reduction of 2.6 million tons of CO₂; aided 285,760 Mexicans; and issued EcoCasa certificates for 3,473,556 m². The results of the EE indicators in residential buildings showed an increase in the housing unit number as well as an increase in household appliances, with those based on power consumption prevailing. The residential sector ranks third in power consumption in Mexico, consuming an estimated 790 pj, of which 76% corresponds to thermal energy and 24% to electric power. Among countries in Latin America and the Caribbean, Mexico has achieved an Energy Transition Index of 62%. Full article

Low-carbon fuels, feedstocks, and energy sources can play a vital role in the decarbonization of clinker production in cement manufacturing. Fuel switching with renewable natural gas, green hydrogen, and biomass can provide a low-carbon energy source for the high-temperature process heat during the pyroprocessing steps of clinker production. However, up to 60% of CO₂ emissions from clinker production are attributable to process-related CO₂ emissions, which will need the simultaneous implementation of other decarbonization technologies, such as carbon capture. To evaluate the potential of fuel switching and carbon capture technologies in decarbonizing the cement industry, a study of the facility-level CO₂ emissions is necessary. This study evaluates the potential for using a single low-carbon fuel as an energy source in clinker production for cement manufacturing compared to conventional clinker production (which uses a range of fuel mixes). In addition, conventional carbon capture (operated with natural gas-based steam for solvent regeneration) and electrified carbon capture configurations were designed and assessed for net-zero emission targets. Carbon emissions reductions with and without biogenic emissions credits were analyzed to ascertain their impact on the overall carbon accounting. Results show that carbon emissions intensity of cement can vary from 571 to 784 kgCO₂eq/metric ton of cement without carbon capture and from 166.33 to 438.66 kgCO₂eq/metric ton of cement with carbon capture. We find that when biogenic carbon credits are considered, cement production with a sustainably grown biomass as fuel source coupled with conventional carbon capture can lead to a net-negative emission cement (−271 kgCO₂eq/metric ton of cement), outperforming an electrified capture design (35 kgCO₂eq/metric ton of cement). The carbon accounting for the Scope 1, 2, and biogenic emissions conducted in this study is aimed at helping researchers and industry partners in the cement and concrete sector make an informed decision on the choice of fuel and decarbonization strategy to adopt. Full article

Improving industrial energy efficiency (IEE) is crucial for reducing CO₂ emissions. Green finance (GF) provides an essential economic instrument for investment in IEE improvement. However, previous studies have not reached a consensus on whether GF can promote energy efficiency. In addition, more research is needed in the industrial sector. Therefore, this study focused on the industrial level to investigate GF’s impact on IEE and its heterogeneity using a two-way fixed effects model. The moderating effect, threshold effect, and spatial lag models were used to test the various effects of GF on IEE. In addition, the spatial clustering characteristics of IEE were analyzed. The results indicate the following: GF can significantly promote IEE, positively improves IEE in the central and eastern areas, and has a negative impact in the western area; the marketization level (ML) is an important channel through which GF can further improve IEE; GF’s impact on IEE exhibits a single threshold effect of the level of economic development (EDL) and green credit (GCL); GF promotes local IEE improvement but prevents neighboring IEE improvement; and IEE shows four types of clusters, but only in about one-third of the provinces. Based on these results, several recommendations are provided. Full article

This study investigates the crucial role of green finance in addressing the imperative of reducing industrial carbon emissions for a sustainable global economy. Encompassing facets, such as green credit, insurance, investment, and governmental help for growth in green businesses. Our research on the strength of a comprehensive dataset covering China’s 30 provinces between 2010 and 2019 employs a fixed-effects regression and heterogeneity assessment, revealing an inverse association between green finance and industrial carbon emissions. This verifies the notion that green finance serves as a deterrent to carbon emissions from the industrial sector. According to the results of this study, green financing can significantly lower the CO₂ emissions from industries, which in turn can lead to an enhancement in environmental quality. Notably, our findings revealed substantial regional variations in this relationship. By proposing actionable recommendations, we advocate strategies to address regional disparities, standardize measurement protocols for green finance, optimize the environment for technological innovation, and realize industrial structures. By acknowledging these nuanced dynamics, our study not only contributes to the understanding of the impact of green finance but also offers targeted solutions to foster high-quality sustainable development in China, ensuring a more effective and comprehensive approach to mitigating carbon emissions in the industrial sector. Full article