Assessing stakeholder engagement in public spending, green finance and sustainable economic recovery in the highest emitting economies

Liu, Zhen; Hatab, Assem Abu

doi:10.1007/s10644-022-09414-3

Cited by 4 publications

(2 citation statements)

References 72 publications

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“…Ensuring relevant parties, particularly the enterprises directly impacted in the specified sectors (e.g., energy sector), possess a comprehensive understanding of their duties and accountabilities will enable them to proactively strategize and make appropriate preparations in anticipation of the adoption of an emissions trading scheme (Liu and Abu Hatab, 2022). Therefore, it is imperative for the government to prioritize early, frequent, and extensive discussions with all pertinent stakeholders.…”

Section: Discussionmentioning

confidence: 99%

The road to carbon trading in Malaysia: Unpacking knowledge and experience through scoping review and in-depth interviews

Alias,

Saarani,

Amran

et al. 2023

J. Infras. Policy. Dev.

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The emission trading scheme (ETS) is arguably one of the most effective approaches for encouraging industries to transition to a low-carbon economy and, as a result, assisting nations in meeting their goals under the United Nations Framework Convention on Climate Change to mitigate the challenge of climate change. ETS is gaining popularity as more governments throughout the world contemplate implementing it, particularly in developing countries. Much of the existing research has concentrated on debates concerning ETS operations in developed nations. This study is to give a discourse of the success criteria for ETS implementation that have been identified in the literature and then cross-referenced in the context of Malaysia. For this, the research used an integrated approach of scoping review of existing literature and in-depth interviews with Malaysian stakeholders. Using Narassimhan et al. (2018)’s ETS assessment framework, the scoping review identified five major attributes that lead to successful ETS implementation in a global context that are environmental effectiveness, economic efficiency, market management, stakeholder engagement, and revenue management. In-depth interviews with several groups of discovered stakeholder engagement as an essential attribute that would play a critical role in advancing ETS implementation in Malaysia. The study concludes by proposing a complete strategy based on empirical information and first-hand narratives, providing useful insights for politicians, industry players, and environmental activists. The recommendation is especially important as Malaysia strives to improve its commitment to sustainable and responsible development in light of the challenges posed by climate change.

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Section: Discussionmentioning

confidence: 99%

The road to carbon trading in Malaysia: Unpacking knowledge and experience through scoping review and in-depth interviews

Alias,

Saarani,

Amran

et al. 2023

J. Infras. Policy. Dev.

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“…Public engagement and participation (GEF43) The significance of public engagement and participation in the switch to a GE is discussed in this sub-factor. It entails involving the public and stakeholders in the creation and execution of transition-related policies and programs [56].…”

Section: Governance Factors (Gef4)mentioning

confidence: 99%

Fostering a Sustainable Energy Future to Combat Climate Change: EESG Impacts of Green Economy Transitions

Tang

Solangi

2023

Processes

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The transition to a green economy for any country is crucial for the sustainability development of the economy, environment, society, and governance (EESG). A green economy is a sustainable approach to combating climate change and promoting sustainable development through the adoption of sustainable energy. This research utilizes the Delphi and fuzzy analytical hierarchy process (AHP) methodologies to assess and rank the EESG criteria and policy options for transitions to a green economy. The factors and policy choices are identified using the Delphi approach for further analysis. These factors and policy alternatives for switching to a green economy for sustainable development are determined using the fuzzy AHP technique. According to the fuzzy AHP approach, environmental, social, and economic factors are best suited for green economy transitions. The findings also show that the most crucial policy options for the switch to a green economy are research and development, carbon pricing, and renewable energy targets. The findings are useful to guide the creation of policies and the selection of options for the implementation of a green economy. Finally, the conclusion can guide actions to combat climate change and develop a sustainable energy future.

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Navigating green horizons: An empirical exploration of business practices aligned with environmental goals in the era of sustainable economy

Peng

2024

Manage Decis Econ

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In modern business operations, ensuring that business strategies are in harmony with environmental goals has emerged as a pivotal consideration. More and more companies are realizing the significance of integrating environmentally friendly methods into their activities. This boosts their performance and adds value for stakeholders in an economy focused on sustainability. This quantitative research explores the alignment of business practices with environmental goals in the context of green finance (GF) and corporate strategy for enhanced performance and stakeholder value within a sustainable economy. Utilizing a structured online questionnaire, data was collected from 420 entrepreneurs through a stratified random sampling method, ensuring diverse representation. The subsequent analysis using SPSS software yielded robust statistical insights into the intricate relationships between variables. The findings support six hypotheses, indicating that strategic integration of GF positively influences financial performance, enhances resilience, positively affects stakeholder satisfaction, fosters innovation, leads to cost efficiency, and facilitates long‐term sustainable growth. Investigating how GF‐driven practices lead to cost efficiency and enhance operational effectiveness brings forth practical implications for organizations seeking financial savings through sustainable practices. This aspect introduces a novel perspective on the financial benefits of green initiatives. These results contribute as empirical evidence to the field of GF, offering practical insights for businesses, policymakers, and researchers seeking to align strategies with environmental goals for sustainable and responsible corporate practices.

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Assessing stakeholder engagement in public spending, green finance and sustainable economic recovery in the highest emitting economies

Cited by 4 publications

References 72 publications

The road to carbon trading in Malaysia: Unpacking knowledge and experience through scoping review and in-depth interviews

The road to carbon trading in Malaysia: Unpacking knowledge and experience through scoping review and in-depth interviews

Fostering a Sustainable Energy Future to Combat Climate Change: EESG Impacts of Green Economy Transitions

Navigating green horizons: An empirical exploration of business practices aligned with environmental goals in the era of sustainable economy

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