Analyzing carbon emission transfer network structure among provinces in China: new evidence from social network analysis

et al. 2021

Environ Sci Pollut Res

The study estimates the long-run dynamics of a cleaner environment in promoting the gross domestic product of E7 and G7 countries. The recent study intends to estimate the climate change mitigation factor for a cleaner environment with the GDP of E7 countries and G7 countries from 2010 to 2018. For long-run estimation, second-generation panel data techniques including augmented Dickey-Fuller (ADF), Phillip-Peron technique and fully modified ordinary least square (FMOLS) techniques are applied to draw the long-run inference. The results of the study are robust with VECM technique. The outcomes of the study revealed that climate change mitigation indicators significantly affect the GDP of G7 countries than that of E7 countries. The GDP of both E7 and G7 countries is found depleting due to less clean environment. However, green financing techniques helps to clean the environment and reinforce the confidence of policymakers on the elevation of green economic growth in G7 and E7 countries. Furthermore, study results shown that a 1% rise in green financing index improves the environmental quality by 0.375% in G7 countries, while it purifies 0.3920% environment in E7 countries. There is a need to reduce environmental pollution, shift energy generation sources towards alternative, innovative and green sources.The study also provides different policy implications for the stakeholders guiding to actively promote financial hedging for green financing. So that climate change and envoirnmental pollution reduction could be achieved effectively. The novelty of the study lies in study framework.

Section: Resultsmentioning

confidence: 99%

RETRACTED ARTICLE: Testing role of green financing on climate change mitigation: Evidences from G7 and E7 countries

Sadiq

et al. 2021

Environ Sci Pollut Res

“…OECD member nations consume 55 btoe of energy, with a real gross domestic product considering of $39 trillion, showing the similar state of G7 countries and the OECD region in terms of energy consumption, GDP, and CO 2 emission, which constitutes 75% of the world's real GDP and 42.0% of the world's total energy. An estimate of bmt 13 CO 2 release was estimated for the primary energy extracted from oil and coal in 2010 (Sun et al 2020c, Sun et al 2020a).…”

Section: Resultsmentioning

confidence: 99%

Does the combining effects of energy and consideration of financial development lead to environmental burden: social perspective of energy finance?

Chau

Ady

et al. 2021

Environ Sci Pollut Res

In light of the rapidly growing industrialization in BRICS and G7 regions, thorough energy, financials, and environmental analyses are essential for sustainable financial development in these countries. In this context, this work analyzes the relationship between energy, financial, and environmental sustainability and the regions’ social performance. Data from 2000 to 2017 is analyzed through a data envelopment analysis (DEA) like a composite index. Results show China and Brazil’s better performance in the region, with a sustainability score of 0.96, India was the third, followed by South Africa and Russia. Japan, the UK, and the USA were the most energy-efficient countries for five consecutive years. A 0.18%, 0.27%, 0.22%, 0.09%, 0.31%, and 0.32% reduction in carbon emission is observed with a 1% increase in R&D costs by Canada, France, Germany, Italy, Japan, and the USA, respectively. This work contributes to the existing literature regarding an eco-friendly sustainable policy design for the G7 countries based on multiple indicators.

“…Almost all stock market returns had a negative relationship with COVID-19 cases, indicating that they were near zero during the COVID-19 period. These findings suggest that the markets were facing less volatility during the pandemic period, caused by global COVID-19 outbreak fear (L. Sun et al, 2020b;H. Sun et al, 2020;L.…”

Section: Covid-19 Fear Nexus With Stock Market Volatilitymentioning

confidence: 96%

The nexus between COVID-19 fear and stock market volatility

Economic Research-Ekonomska Istraživanja

Kamran

et al. 2021

Self Cite

142

This study described an empirical link between COVID-19 fear and stock market volatility. Studying COVID-19 fear with stock market volatility is crucial for planning adequate portfolio diversification in international financial markets. The study used AR (1) -GARCH (1,1) to measure stock market volatility associated with the COVID-19 pandemic. Our findings suggest that COVID-19 fear is the ultimate cause driving public attention and stock market volatility. The results demonstrate that stock market performance and GDP growth decreased significantly through average increases during the pandemic. Further, with a 1% increase in COVID-19 cases, the stock return and GDP decreased by 0.8%, 0.56%, respectively. However, GDP growth demonstrated a slight movement with stock exchange. Moreover, public attention to the attitude of buying or selling was highly dependent on the COVID-19 pandemic reported cases index, death index, and global fear index. Consequently, investment in the gold market, rather than in the stock market, is recommended. The study also suggests policy implications for key stakeholders.