On the role of financial inclusion in terms of promoting a sustainable environment, very limited number of studies are available in the existing literature. These studies do not directly address or link financial inclusion with carbon dioxide emissions.Therefore, this study aims to specifically investigate the effects of financial inclusion on carbon dioxide emissions along with the role of globalization and renewable electricity generation for the case of the emerging seven economies over the [2004][2005][2006][2007][2008][2009][2010][2011][2012][2013][2014][2015][2016] period. This study uses panel quantile regression analysis for estimations, which takes into account the non-normality issue of the data. The long-run relationships among carbon dioxide emissions, financial inclusion, renewable electricity generation, globalization, and economic growth are confirmed by Kao and Johansen panel cointegration tests. Besides, the results from quantile regression analysis confirmed that financial inclusion is linked with carbon dioxide emission reductions at the 25th and 50th quantiles; however, it cannot explain the variations in the carbon dioxide emission levels at the 75th and 95th quantiles. Moreover, globalization and renewable energy electricity are found to curb carbon dioxide emissions at all quantiles.Further, the results confirmed the EKC hypothesis for E7 countries at all the quantiles. In line with these findings, this study recommends enhancing financial inclusivity, promoting globalization, elevating renewable electricity generation capacities, and ensuring greener economic growth to lower down the carbon dioxide emission levels across the E7 countries.

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Reducing the use of traditional fossil energy and optimizing the energy consumption structure is an important starting point for China to balance sustainable and stable economic development, dual carbon goals and energy security. Green finance can help improve the energy consumption structure through providing financial support for green development. Based on this, taking the proportions of coal consumption as the index of energy consumption structure, this paper uses panel data for 30 provinces in China from 2009 to 2019, and analyzes the impact of green finance on energy consumption structure and its mechanism. The results show that the development of green finance in China has significantly improved the energy consumption structure, when considering the endogenous and robustness, the conclusion is still valid. In the mid-western region, green finance plays a greater role in improving the energy consumption structure. With the help of the quantile regression model, it is found that the higher the proportion of coal consumption, the greater the improvement effect of green finance on energy consumption structure. With the help of the threshold model, it is found that when exceeding the threshold value, the improvement effect of green finance on energy consumption structure will decline. Both the market and the government can enhance the role of green finance in optimizing the energy consumption structure. According to the research conclusion, the suggestions for improving the energy consumption structure of green finance are given from the aspects of developing green finance, formulating differentiated green finance development strategies, and encouraging green innovation.

The concept of value co-creation brings about changes in tourists’ roles from value receivers to producers. Most existing studies take value co-creation behavior as a single dimension, ignoring the role switching of tourists. Starting from the precise constitution of value co-creation behavior, this paper, utilizing the method of structural equation modeling (SEM), discusses the mechanism of the effects of tourist participation behavior and citizenship behavior on destination loyalty through each sub-dimension of perceived value. The results showed the following: (1) The participation behavior (in-role) and citizenship behavior (extra-role) of tourists affect different value dimensions. (2) The value co-created by tourists presents a hierarchical state from the primary to the higher level. Among the types of value, novelty and social value belong to the primary level while quality, economic, knowledge, and emotional value belong to the higher level. (3) Destination loyalty is driven not only by tourist behavior (in-role) but also by citizenship behavior (extra-role). Based on the perspective of role switching, this paper establishes the theoretical framework of role switching in the era of value co-creation and proposes some strategic suggestions for marketing transformation.