How effective has the low-carbon city pilot policy been as an environmental intervention in curbing pollution? Evidence from Chinese industrial enterprises

Yang, Shubo; Jahanger, Atif; Hossain, Mohammad Razib

doi:10.1016/j.eneco.2023.106523

Cited by 162 publications

(32 citation statements)

References 83 publications

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“…Empirical research on environmental issues has been abundant in the past decades (Chishti & Dogan, 2022 ; Chishti, 2023 ; Jahanger et al, 2022 ), yet many studies tend to overlook sector-specific data and rely solely on country-specific (Yang et al, 2023 ; Chishti et al, 2023a ; Jahanger et al, 2023b ) or total carbon dioxide emissions data. The contribution of carbon dioxide emissions from each sector varies based on its unique dynamics.…”

Section: Literature Reviewmentioning

confidence: 99%

Is the environmental Kuznets curve valid for transport sector in Pakistan? New evidence for non-renewable energy and urbanization using the QARDL approach

Koçak

Banday

Awan

2023

Environ Sci Pollut Res

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The transportation industry is a significant contributor to greenhouse gas emissions, particularly carbon dioxide. This study broadens the literature on environmental Kuznets curve (EKC) by assessing Pakistan’s carbon dioxide emissions in the transport sector taking into account the impact of non-renewable energy, urbanization, and economic growth for the period of 1995–2018 using the novel QARDL model. Moreover, the outcomes of the study make a momentous benefaction to the literature by focusing a sector that contributes substantially to pollution in Pakistan. Specifically, the study finds that the EKC curve is confirmed for Pakistan’s transportation sector in moderate to higher quantiles. Urbanization and non-renewable energy are also two other vital ingredients that dramatically aggravate the destruction of the environment. Except for the lowest (0.05th–10th) and highest (90th–95th) quantiles, urbanization affects transport-based carbon pollution positively. The study concludes by proposing some policy interventions for Pakistan.

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Section: Literature Reviewmentioning

confidence: 99%

Is the environmental Kuznets curve valid for transport sector in Pakistan? New evidence for non-renewable energy and urbanization using the QARDL approach

Koçak

Banday

Awan

2023

Environ Sci Pollut Res

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“…China is striving to attain the goal, that is, CO 2 emissions highest by 2030 and carbon neutrality by 2060. The green credit (GC), put forward by the China Banking Regulatory Commission in 2012, is a market‐oriented policy that contributes to China's carbon neutrality and high‐quality economic growth (Chen et al, 2022; Yang et al, 2023). Figure 1 draws the changing trend of the green credit balance of 5 large state‐owned and 12 national joint‐stock commercial banks from 2014 to 2019.…”

Section: Introductionmentioning

confidence: 99%

Can green credit policy reduce corporate carbon emission intensity: Evidence from China's listed firms

Jahanger

et al. 2023

Corp Soc Responsibility Env

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Green credit policy is designed to address the global climate risk. However, few studies have investigated empirically whether green credit policy indeed reduces corporate carbon emission intensity. Based on firm‐level data in China and a difference‐in‐differences model, this study explores how corporate carbon emission intensity evolves following the green credit policy. We find that, on the whole, the green credit can effectively reduce corporate carbon emission intensity, while the dynamic negative effect tends to alleviate after 2017. Specifically, green credit reduces corporate carbon emission intensity mainly through lowering investment carbon intensity and enhancing environmental supervision. However, the signaling mechanism of green credit does not significantly alleviate corporate carbon emission intensity. The green credit has a stronger reduction effect on corporate carbon emission intensity with third‐party certification, non‐state‐owned ownership, and high financing constraint. We thereby suggest that innovations should be made to the standards and processes of green credit to ensure sustainability and stability. Quantitative and standardized corporate environmental information disclosure is essential for the low‐carbon effect on green finance innovation.

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“…Sustainability is a broad notion that includes three pillars: economic, social, and environmental sustainability (IPCC, 2019). Ensuring sustainable economic growth while protecting the environment is a delicate balance that hinges on the crucial factor of electricity consumption (Yang et al, 2023a). Meeting the energy demands of developing economies and providing universal access to electricity are vital for social and economic development.…”

Section: Introductionmentioning

confidence: 99%

“…The United Nations' 2030 Sustainable Development Goals prioritize addressing ecological degradation, highlighting the urgent need for environmental sustainability to achieve global sustainable development (Alam et al, 2022; Bilgili et al, 2021). However, numerous threats such as climate change and resource depletion pose significant challenges to the attainment of these goals (Liao et al, 2019; Liu, Khan, et al, 2022; Magazzino & Mele, 2022; Matar et al, 2023; Yang et al, 2023b; Usman et al, 2022). Sustainability is a broad notion that includes three pillars: economic, social, and environmental sustainability (IPCC, 2019).…”

Section: Introductionmentioning

confidence: 99%

Greening the Brazil, Russia, India, China and South Africa (BRICS) economies: Assessing the impact of electricity consumption, natural resources, and renewable energy on environmental footprint

Jahanger

Awan

Anwar

et al. 2023

Natural Resources Forum

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Electricity consumption is a crucial factor in the environmental pollution process, and therefore, its impact needs to be carefully considered by policymakers. This study investigates the relationship between energy consumption, electricity generation, natural resource utilization, and environmental pollution in BRICS nations, which have a substantial share in global resource consumption. To this end, we employed a novel methodology, namely the Method of Moment Quantile Regression (MMQR), for the time period between 1990 and 2018, within the framework of the Environmental Kuznets Curve (EKC) theory. The study's outcome shows that natural resources and renewable energy are efficacious and significant in curbing environmental degradation among the sample countries. The investigation reveals a positive correlation between electricity consumption and environmental degradation, thereby highlighting this vital resource's role in exacerbating the BRICS nations’ ecological footprint. The findings from this research can provide crucial insights for policymakers to achieve sustainable development and carbon neutrality in these countries.

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How effective has the low-carbon city pilot policy been as an environmental intervention in curbing pollution? Evidence from Chinese industrial enterprises

Cited by 162 publications

References 83 publications

Is the environmental Kuznets curve valid for transport sector in Pakistan? New evidence for non-renewable energy and urbanization using the QARDL approach

Is the environmental Kuznets curve valid for transport sector in Pakistan? New evidence for non-renewable energy and urbanization using the QARDL approach

Can green credit policy reduce corporate carbon emission intensity: Evidence from China's listed firms

Greening the Brazil, Russia, India, China and South Africa (BRICS) economies: Assessing the impact of electricity consumption, natural resources, and renewable energy on environmental footprint

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