Enhancing green economic recovery through green bonds financing and energy efficiency investments

Zhao, Linhai; Chau, Ka Yin; Tran, Trung Kien; Sadiq, Muhammad; Phan, Thi Thu Hien

doi:10.1016/j.eap.2022.08.019

Cited by 108 publications

(60 citation statements)

References 51 publications

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“…Based on the study's findings, policy recommendations are made. The literature also supports the relationship between energy and tourism (Dogru et al 2020;Gulistan et al 2020;Zhao et al 2021Zhao et al , 2022.…”

Section: Literature Reviewmentioning

confidence: 70%

The role of economic conditions and sustainable rural development on the sustainability of tourism development: evidence from China

Xue

Ananzeh³

et al. 2022

Environ Sci Pollut Res

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At present, tourism is counted among those industries which have gained global attention due to rapid growth. Hence, a constant diversification in terms of destination is needed in tourism development. The recent trends of industry highlight the demand of alternative tourism types, among which nature-related tourism appears to be an emerging concept. In this regard, the present article investigates the impact of economic conditions and sustainable rural development on the sustainability of tourism development in China. The current research has gathered secondary data from the World Bank from 1981 to 2020. The quartile autoregressive distributed lag model has been applied to test the association between the variables. The results revealed that GDP, inflation, FDI, exchange rate, energy use, gross savings, and sustainable rural development have a significant and positive association with the sustainability of tourism development in China. Findings offer managerial implications recommending the local government to focus on the sustainability of rural development and economic conditions that may lead to the implementation of tourism-related development projects. This study also guides the policymakers in establishing policies related to tourism development using different economic conditions and sustainable rural development.

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Section: Literature Reviewmentioning

confidence: 70%

The role of economic conditions and sustainable rural development on the sustainability of tourism development: evidence from China

Xue

Ananzeh³

et al. 2022

Environ Sci Pollut Res

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“…Environmental regulations and green credit reduce the availability of financing for polluting enterprises, and increase their financing constraints [ 3 , 4 , 5 ]. Green bonds are one of the important financing tools for companies to promote a green economy, but they are limited by local economic, institutional and environmental governance [ 6 , 7 ]. Green finance provides the appropriate funding for sustainable development, but in terms of the effects of the current implementation of the reform, there is no doubt that further improvements are still necessary [ 8 ].…”

Section: Introductionmentioning

confidence: 99%

Green Financial Reform and Corporate ESG Performance in China: Empirical Evidence from the Green Financial Reform and Innovation Pilot Zone

Zhao

et al. 2022

IJERPH

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Does the establishment of pilot zones for green finance reform and innovations in 2017 have an impact on the Environment, Social and Governance (ESG) scores of enterprises? This paper selects data from Chinese A-share listed companies from 2014–2020 and uses the differences-in-differences (DID) model to analyze the impact of green financial reform on the ESG scores of enterprises. The study shows that the establishment of the Green Financial Reform and Innovation Pilot Zone (GFPZ) policy helps enterprises to obtain higher ESG scores through environmental, social and governance mechanisms. When ESG is measured using environmental, social and governance data, our results suggest that the contribution of green finance reforms to ESG scores is primarily driven by social responsibility scores. The adjustment effect analysis shows that for large enterprises in the GFPZ, the above effects have stronger influence, but there is no significant difference between heavily polluting and non-heavily polluting firms in the GFPZ. Expansive analysis shows that the improvement in ESG scores of enterprises in the GFPZ not only contributes to the green performance of enterprises, but also to their financial performance.

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“…When evaluating its genuine condition, a bank is difficult to rationally evaluate its merits and demerits in the areas of products, pricing, allocation, announcement, management, and organizational policy. For this reason, a bank utilizes various methods and tries to find the primarily detailed grouping of financial and non-financial indicators to be utilized in the course of additional evaluation (Sadiq et al, 2022c;Tan et al, 2021;Zhao et al, 2022). The financial institutions or banks have a central position in any economy because it provides financial support to many business organizations and gives them a chance to survive in the market or to compete against and accelerate over the rival businesses.…”

Section: Introductionmentioning

confidence: 99%

Nexus between Green Finance, Creativity, Energy Accounting and Financial Performance: Banks Sustainability Analysis from Developing Country

Banani

Sunarko

2022

IJEEP

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Financial performance of financial institution especially banking sector is the essential element for economic growth and capture the attention of regulators and recent literature. Thus, this paper studies the effect of accessibility to green finance and conventional bank funding. Energy accounting and creativity on the banking sector's fiscal performance of developing countries. For this purpose, data was collected from the financial statements of twenty central banks of developing countries from 2009 to 2020. Generalized method of moments and random model is used to test the study hypotheses. Obtained results indicated that green investment, green credit, energy accounting and creativity are positive correlated with the financial performance of the banking sector in developing countries. This study provides guidelines to the policy-making authorities while developing regulations related to financial performance, green finance availability, and creativity.

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Enhancing green economic recovery through green bonds financing and energy efficiency investments

Cited by 108 publications

References 51 publications

The role of economic conditions and sustainable rural development on the sustainability of tourism development: evidence from China

The role of economic conditions and sustainable rural development on the sustainability of tourism development: evidence from China

Green Financial Reform and Corporate ESG Performance in China: Empirical Evidence from the Green Financial Reform and Innovation Pilot Zone

Nexus between Green Finance, Creativity, Energy Accounting and Financial Performance: Banks Sustainability Analysis from Developing Country

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