Synergistic Effect of Carbon Trading Scheme on Carbon Dioxide and Atmospheric Pollutants

Li, Zhiguo; Wang, Jie; Che, Shuai

doi:10.3390/su13105403

Cited by 63 publications

(25 citation statements)

References 32 publications

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“…However, the study sample is divided in two types, one with tourism development on the left side of the axis of symmetry of the inverse U-shape and the other with tourism development on the right side. Our findings are consistent with Sun (2016a), (Feng et al 2021;Li et al 2021aLi et al , 2021c that concludes tourism has a positive impact on carbon dioxide emissions. Similarly, our results also show the negative impact of tourism on CO 2 emissions, which is consistent with the second category of literature (Katircioǧlu, 2014;Lee and Brahmasrene, 2013;Paramati et al, 2017).…”

Section: Analysis Of Gns Modelsupporting

confidence: 92%

RETRACTED ARTICLE: The spillover of tourism development on CO2 emissions: a spatial econometric analysis

Jiaqi

Song

Yu³

et al. 2021

Environ Sci Pollut Res

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Climate change and tourism's interaction and vulnerability have been among the most hotly debated topics recently. In this context, the study focuses on how CO 2 emissions, the primary cause of global warming and climate change, respond to changes in tourism development. In order to do so, the impact of tourism development on CO 2 emissions in the most visited countries is investigated. A panel data from 2000 to 2017 for top 70 tourist countries are analysed using a spatial econometric method to investigate the spatial effect of tourism on environmental pollution. The direct, indirect, and overall impact of tourism on CO 2 emissions are estimated using the most appropriate generalized nested spatial econometric (GNS) method. The findings reveal that tourism has a positive direct effect and a negative indirect effect; both are significant at the 1% level. The negative indirect effect of tourism is greater than its direct positive effect, implying an overall significantly negative impact. Further, the outcome of financial development and CO 2 emissions have an inverted U-shaped and U-shaped relationship in direct and indirect impacts. Population density, trade openness, and economic growth significantly influence environmental pollution. In addition, education expenditure and infrastructure play a significant moderating role among tourism and environmental pollution. The results have important policy implications as they establish an inverted-U-shaped relationship among tourism and CO 2 emissions and indicate that while a country's emissions initially rise with the tourism industry's growth, it begins declining after a limit.

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Section: Analysis Of Gns Modelsupporting

confidence: 92%

RETRACTED ARTICLE: The spillover of tourism development on CO2 emissions: a spatial econometric analysis

Jiaqi

Song

Yu³

et al. 2021

Environ Sci Pollut Res

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show abstract

“…The model also combines green finance, ecological benefits, and financial development into one model and draws conclusions that are currently absent from the literature. In contrast to previous studies (Ali et al 2021 ; Cui et al 2020 ; Falcone 2020 ; Li et al 2021 ; Nawaz et al 2021 ), this one considers and compares the BRICS nations.…”

Section: Introductionmentioning

confidence: 96%

RETRACTED ARTICLE: Does green finance mitigate the effects of climate variability: role of renewable energy investment and infrastructure

Mngumi

Sun

Shair

et al. 2022

Environ Sci Pollut Res

143

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Few researches have inspected the task of green finance in reducing CO 2 emissions, while earlier studies have inspected the influence of economic development on carbon emissions. A green finance development index is built using four indicators to fill in this knowledge gap: green credit, green insurance, green securities, and green investing. Using data spanning the years 2005–2019, a panel quantile regression is applied to investigate the links between green finance, renewable energy, and CO 2 emissions. Increases in renewable energy use and advances in the green finance development index have contributed to a reduction in CO 2 emissions from BRICS countries. CO 2 emissions on the other hand slowed the growth of renewable energy use, slowed the flow of investment to green projects, and ultimately hampered the development of green finance. There was also a clear policy-driven influence on renewable energy spending in the countries of the BRICS region. Green finance policies, on the other hand, have consistently failed to have a long-term impact. Therefore, rising the consumption of renewable energy and creating a carbon trading market are all part of this study’s recommendations for green finance policy improvement.

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“…The researchers of the current period suggest that South Asia’s developing economies have three economic effects related to rising oil prices. [ 32 ] highlighted the increasing oil import costs, petroleum-related products’ short-term (flexibility in demand price) is shallow. Secondly, [ 33 ] suggested that international oil prices have not risen for domestic oil consumers, which has pushed up inflation.…”

Section: Introductionmentioning

confidence: 99%

The helix of CO2, household income, and oil pricing under the assumption of Keynesian consumption function: A policy-mix scenario of oil-importing South Asia for SDGs-2030

Chen

Farooq

et al. 2022

PLoS ONE

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The purpose of this study is to explore energy prices and their impact on household consumption under the condition of Keynesian consumption theory in South Asian countries over the 1995–2020 periods. By employing the panel ordinary least square model estimation technique, the study attempted to find the relationship between household income and consumption under the theory of Keynesian consumption function. Furthermore, we investigated the relationship between household consumption and environmental sustainability, policy mix variables, and energy pricing. First of all, this study confirms the existence of Keynesian consumption theory in these economies of South Asia. Furthermore, energy pricing, environmental sustainability, and inflation rate are the factors that inducing toward high household consumption in South Asia. Considering the policy mix factors, inflation rate contribution positively while tax rate inducing this consumer for low household consumption. Based on the empirical analysis, this study suggested some parameters to these Asian economies particularly and other similar economies generally.

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Synergistic Effect of Carbon Trading Scheme on Carbon Dioxide and Atmospheric Pollutants

Cited by 63 publications

References 32 publications

RETRACTED ARTICLE: The spillover of tourism development on CO2 emissions: a spatial econometric analysis

RETRACTED ARTICLE: The spillover of tourism development on CO2 emissions: a spatial econometric analysis

RETRACTED ARTICLE: Does green finance mitigate the effects of climate variability: role of renewable energy investment and infrastructure

The helix of CO2, household income, and oil pricing under the assumption of Keynesian consumption function: A policy-mix scenario of oil-importing South Asia for SDGs-2030

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