Integrating Sustainable Development Goals into the Belt and Road Initiative: Would It Be a New Model for Green and Sustainable Investment?

Wei, Yin

doi:10.3390/su11246991

Cited by 42 publications

(51 citation statements)

References 26 publications

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“…Together with managed pollinators, these wild pollinators enhance global crop production by USD 235 billion to 577 billion each year [66]. Transitioning to more sustainable corporate responsibility and investment may be challenging for TNCs, and require support and a suitable framework for reporting and assessment [41][42][43][44][45].…”

Section: Discussionmentioning

confidence: 99%

“…Cumulative emissions by twenty major companies in these markets accounted for nearly 30% of industrial carbon emissions worldwide from 1751 to 2010, and 90 major emitters contributed 63% of total emissions [40]. Such large corporations need to be involved in the transition to sustainability if we are to protect critical Earth systems and the future for humanity [41][42][43][44][45]. However, transitioning to more sustainable corporate responsibility may be challenging for TNCs, and require further research and policy action on incentives for sustainable management, framework for reporting and assessment, and options for sustainable investment [41][42][43][44][45].…”

Section: Key Definitions and Conceptsmentioning

confidence: 99%

“…On the one hand, by utilizing its market power a monopoly can capture excessive rents from depleting the asset as compared to a firm in a competitive market situation. On the other hand, under certain market conditions, the monopoly can extract the natural resource or exploit the environment at a slower rate initially and thus extend the lifetime of the asset well into the future [41][42][43][44]. If it is in the interest of a large corporation with market power to conserve more initially, it can have important spillover effects.…”

Section: Seafoodmentioning

confidence: 99%

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Sustainable Use of the Environment, Planetary Boundaries and Market Power

Barbier

Burgess

2021

Sustainability

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Many of the environment and natural resources that constitute key “safe operating spaces”, as designated by planetary boundaries, are being exploited by a handful of large firms with considerable market share. In this paper, we discuss how the environment and natural resources that occur within a safe operating space can be treated as an exploitable finite stock. We use an optimal depletion model to show how the extraction of these exhaustible assets can be managed optimally, and allow for adjustment in price paths due to technological innovation and environmental externalities. Given the growing market concentration and monopoly power in the key economic sectors that exploit the environment and resources that constitute many safe operating spaces, we then explore how monopoly conditions can alter the extraction and price path of the environmental assets over time compared to that under competitive market conditions. We show that the monopoly may be compatible with more sustainable use, by extending the life of the exploitable, depletable stock, at the expense of firms capturing excessive resource rents from exploitation. This tradeoff means that any policies implemented to tax the excessive monopoly rents need to be designed without compromising the sustainable use of the environment. The tax revenue raised can be channeled into protecting or regenerating natural assets that are essential for global environmental sustainability. If investment in regeneration efforts is sufficiently substantial, or if the wider social and environmental values associated with the exhaustible assets are taken into account, then the safe operating space may be conserved indefinitely. Such policy challenges will become increasingly important as dominant firms exert market power over the planet’s remaining environment and resources that constitute key “safe operating spaces”, as designated by planetary boundaries.

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Section: Discussionmentioning

confidence: 99%

Section: Key Definitions and Conceptsmentioning

confidence: 99%

Section: Seafoodmentioning

confidence: 99%

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Sustainable Use of the Environment, Planetary Boundaries and Market Power

Barbier

Burgess

2021

Sustainability

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“…Infrastructure connectivity, being a "logistics-enabling factor", encompasses establishing an infrastructure web linking several sub-regions in Asia with other Asian parts, Africa and Europe (Ying Wang and Chou, 2020). Also, infrastructure connectivity is the fundamental guarantor for improving the sustainable development level in the Belt and Road region (Yin, 2019). Therefore, one can suggest that policymakers engaged in the BRI should focus on collectively developing smooth, efficient and secured transportation routes, linking main ports along the Belt and Road, while recognising that facilities construction for infrastructure connectivity can boost "logistics networks" (Valderrey et al, 2020;Ying Wang and Chou, 2020).…”

Section: Infrastructure Connectivitymentioning

confidence: 99%

“…"Financial integration" 5. "People-to-people exchange" (CCTV, 2017;Dunford and Liu, 2019;Huang, 2016;Teo et al, 2019;Valderrey et al, 2020;Ying Wang and Chou, 2020;Yin, 2019) D. Economic Corridors 1. "China-Mongolia-Russia Economic Corridor" (CMREC) 2.…”

Section: Introductionmentioning

confidence: 99%

Defining the Building Blocks and the Priority Areas for Cooperation Under the Belt and Road Initiative

2021

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The Belt and Road Initiative (BRI) is a China’s endeavour to globally connect the countries along two major routes. This paper examines the keywords defining the building blocks and priority areas under the BRI and their relationship in order to foster a practical understanding of the BRI for enhancing regional cooperation and connectivity along the routes. The methodology employed was a systematic literature review involving four stages. Firstly, a broad search in the Scopus database (2016-2020) using BRI or similar terms returned n=1,710 articles which were further limited using the keywords: building blocks, priority areas, policy coordination, infrastructure connectivity, unimpeded trade, financial integration and people-to-people exchange. Other keywords considered were community and Silk Road. The articles were then screened and assessed resulting in 155 articles reviewed in this study. The review reveals that while the building blocks are the aim motivating the BRI, hence the spirit behind it, the five priority areas provide practical methods through which China and other countries along the Belt and Road routes will focus their collective development. The relationship between the two aspects owes to the fact that people are involved at all spheres of the initiative bringing about emphasis on the people-to-people exchange which is a core part of social dimension in sustainable development. In contribution, this paper presents a unique perspective for looking at the BRI for a focused discussion of its cooperative framework which could serve as a foundation for further research in various sectors

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Balancing act: Trade‐offs and synergies within Sustainable Development Goals 1st, 10th, and 13th—Poverty, inequality, and climate actions

Khan,

Yuan,

Hussain

2024

Sustainable Development

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While the existing body of research has exhaustively examined several Sustainable Development Goals (SDGs), it fails to adequately reflect the significance of trade‐offs and synergies among the SDGs. This study aims to address the existing gap by doing a complete analysis of the SDGs in developing nations, specifically examining the trade‐off relationship between SDG‐1, pertaining to poverty reduction; SDG‐10, concerning reducing inequality; and SDG‐13, focusing on environmental activities. The analysis encompasses a sample of 40 developing countries. To accomplish this, a Generalized Method of Movement (GMM)‐style Panel‐Vector Autoregressive (PVAR) model is utilized, with carbon emissions (CO2Em) serving as a measure for environmental volatility. The findings confirm the existence of the Environmental Phillips Curve (EPC), which signifies a trade‐off between SDG‐1 (poverty), SDG‐10th (inequality), and SDG‐13th (CO2Em). Additionally, the processes of industrialization, trade, and population expansion have adverse effects on the attainment of SDG‐13. Conversely, industrialization and trade can contribute positively towards SDG‐1. A conventional sys‐GMM model is utilized for the robustness check, supporting the main findings acquired from the GMM‐style PVAR model. Lastly, based on empirical findings, significant policy implications are suggested for the achievement of SGDs.

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Integrating Sustainable Development Goals into the Belt and Road Initiative: Would It Be a New Model for Green and Sustainable Investment?

Cited by 42 publications

References 26 publications

Sustainable Use of the Environment, Planetary Boundaries and Market Power

Sustainable Use of the Environment, Planetary Boundaries and Market Power

Defining the Building Blocks and the Priority Areas for Cooperation Under the Belt and Road Initiative

Balancing act: Trade‐offs and synergies within Sustainable Development Goals 1st, 10th, and 13th—Poverty, inequality, and climate actions

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