The role of biomass energy consumption and economic complexity on environmental sustainability in G7 economies

Shahzad, Umer; Elheddad, Mohamed; Swart, Julia; Ghosh, Sudeshna; Doğan, Buhari

doi:10.1002/bse.3175

Cited by 43 publications

(17 citation statements)

References 60 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…However, high greenhouse gas emissions can negatively impact biomass energy firms' investment efficiency, though the effect is insignificant. The reason may be due to a controversial topic that biomass consumption may lead to more CO 2 emissions, and thus, caution needs to be taken by using biomass energy (Shahzad et al, 2022). To cope with the rising CO 2 emissions, decision‐makers may lose confidence in investing in biomass energy and reduce biomass energy investment, which will augment the quality of the environment in the long run.…”

Section: Resultsmentioning

confidence: 99%

Section: Results Of Baseline Modelsmentioning

confidence: 99%

See 1 more Smart Citation

How does climate change affect firms' investment efficiency? Evidence from China's listed renewable energy firms

Zheng

2022

Bus Strat Env

View full text Add to dashboard Cite

Improving the investment efficiency of renewable energy (RE) firms is one of the critical measures for energy low‐carbon transformation and mitigating climate change. To investigate the impact of climate change (greenhouse gas emissions, extreme temperatures, and extreme weather events) on the investment efficiency of RE firms, the present study applied a fixed effect regression model by using the panel data of China's 205 listed non‐hydro RE firms during 2008–2019. The influencing mechanism and the heterogeneity among RE firms are also explored. The results show that (1) CO2 emissions and extreme weather events significantly improve the investment efficiency of RE firms, whereas extreme temperatures' effect is significantly negative. (2) CO2 emissions can promote the investment efficiency of wind and solar firms with environmental responsibility through reducing agency problems and information asymmetry. (3) RE policies play an active role between climate change and investment efficiency of wind and solar energy firms, but the promotion effect is not significant for biomass energy firms. (4) The joint effect of climate change and RE policies on investment efficiency are more prominent for wind and solar energy firms in a low‐marketized environment and state‐owned firms. These results suggest that wind and solar firms should seize market investment opportunities when facing climate change. Besides, policymakers should strengthen market‐oriented construction and improve the completeness of RE policies in low‐marketization areas.

show abstract

Section: Resultsmentioning

confidence: 99%

Section: Results Of Baseline Modelsmentioning

confidence: 99%

How does climate change affect firms' investment efficiency? Evidence from China's listed renewable energy firms

Zheng

2022

Bus Strat Env

View full text Add to dashboard Cite

show abstract

“…The latter was measured in kilograms in terms of GDP based on the 2010 constant price. In prior research, the KOF globalization index was taken as the proxy variable to measure globalization in the United States ( 43 ), China ( 44 ), India ( 45 ), and a panel study ( 46 ). On the other hand, CO 2 emissions were taken as the proxy variable to measure the environment in prior studies ( 47 , 48 ).…”

Section: Methodsmentioning

confidence: 99%

Impact of globalization on the environment in major CO2-emitting countries: Evidence using bootstrap ARDL with a Fourier function

Chang

et al. 2022

Front. Public Health

View full text Add to dashboard Cite

Alongside sustainable development as a major global aim, the contribution made by globalization to environmental issues has become crucial in recent decades. Prior studies have focused on how trade in globalization influences the environment. However, multiple economic, social, and political factors are also important, the integration of which needs to be considered in sustainable development. Sharp and smooth breaks in time series models are the consequence of real-world structures. Using the bootstrap autoregressive-distributed lag test with a Fourier function, the present study reexamined the nexus between globalization and the environment in China, the United States, and India. The empirical results indicate that in the United States, the nexus between globalization and the environment is cointegrated in the long-term. In the short term, globalization is improving the environment in the United States and India. However, in China, globalization is resulting in environmental degradation. This research will assist policymakers in developing comprehensive strategies for sustainable development.

show abstract

“…In contrast, Shahzad et al ( 2023 ) also investigated the relationship between biomass energy consumption and economic complexity on the environment. They debate that economic complexity is an unfavorable factor for the environment.…”

Section: Literature Reviewmentioning

confidence: 99%

Effects of transport–carbon intensity, transportation, and economic complexity on environmental and health expenditures

Hussain,

Marcel,

Majeed

et al. 2023

Environ Dev Sustain

View full text Add to dashboard Cite

Health and the environment are complex components of the countries, influenced by several factors, especially transport, and economics. Thus, this paper assesses the role of transportation and economic complexity in the environment and public health for the Organization for Economic Co-operation Development (OECD) countries from 2001 to 2020. This study also focuses on the relationship between transport and economic complexity with environmental and healthcare expenditures. Precisely, transport and economic activities stimulate healthcare expenditures through multiple channels. The current study employs the STIRPAT model to investigate the association with transportation, economic complexity, transport–carbon intensity, and healthcare expenditure. Besides, the current research confirms the plausible cross-sectional dependency across countries, and it adopts a second-generation technique. Analytical findings suggest that transportation-carbon intensity is positively and significantly associated with healthcare expenditures. Healthcare and transport–household expenditures increase transport–carbon intensity (TCI) by 75% and 45%, respectively, in the long run. In the contrast, TCI and transport–household expenditures have also a remarkable impact on healthcare expenditures and are estimated approximately 95% in the long run. Moreover, economic growth also upsurges TCI and healthcare expenditures through multiple economic activities. Besides, transport–household expenditures (THE) drastically impact transport–carbon intensity and healthcare expenditures (HEX) through passenger traffic (PTF). Diagnostic upshots unveil that the joint effect of THE and PTF increases TCI and HEX by 4 and 3%, respectively. Finally, findings recommend some policy implications and future research directions for the countries based on empirical outcomes. Countries should regulate economic activities to reduce transport carbon emissions.

show abstract

The role of biomass energy consumption and economic complexity on environmental sustainability in G7 economies

Cited by 43 publications

References 60 publications

How does climate change affect firms' investment efficiency? Evidence from China's listed renewable energy firms

How does climate change affect firms' investment efficiency? Evidence from China's listed renewable energy firms

Impact of globalization on the environment in major CO2-emitting countries: Evidence using bootstrap ARDL with a Fourier function

Effects of transport–carbon intensity, transportation, and economic complexity on environmental and health expenditures

Contact Info

Product

Resources

About