Economic Impacts of Climate Change

A special issue of Economies (ISSN 2227-7099). This special issue belongs to the section "Economic Development".

Deadline for manuscript submissions: closed (31 August 2023) | Viewed by 7543

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Guest Editor
Department of Economics, University of Thessaly, Nea Ionia, 38445 Volos, Greece
Interests: energy economies and policies; applied statistics and econometrics; simulations of economic modeling natural resource and environmental economics; applied micro-economics with emphasis in welfare economics; air pollution; game theory; mathematical models (non-linear programming)
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Special Issue Information

Dear Colleagues,

Climatic changes can have an impact on both natural and human systems since they can lead not only to floods, droughts and sea-level rise, but they can also negatively impact human lives and human health, economies and societies, services and infrastructure. Changes in Earth’s average temperatures, sea-level rise, ocean acidification and other shifts in many climate aspects are interacting with other environmental changes, such as biodiversity loss or modification of biogeochemical cycles, leading to negative impacts on ecosystems and human lives. Thus, climate change is considered to be not only one of the greatest environmental challenges of our century but one of the greatest social challenges as well. As many places in the world have faced or facing the impacts of climate change every day, this makes the situation an actual problem that is not theoretically discussed. Therefore, urgent action for climate change is required, including addressing its causes and reducing GHG emissions (mitigation), as well as addressing its consequences and investing in climate resilience (adaptation).

The papers submitted will try to explore the problem and help researchers, academicians and policymakers act in a sustainable way in protecting the environment.

Prof. Dr. George Halkos
Guest Editor

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Keywords

  • climate change
  • risks
  • vulnerabilities
  • adaptation
  • mitigation
  • economic growth
  • sustainability

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Published Papers (2 papers)

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Research

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23 pages, 479 KiB  
Article
Tourism, Economic Growth, and Environmental Pollution in APEC Economies, 1995–2020: An Econometric Analysis of the Kuznets Hypothesis
by César Lenin Navarro-Chávez, Francisco Javier Ayvar-Campos and Celeste Camacho-Cortez
Economies 2023, 11(10), 264; https://doi.org/10.3390/economies11100264 - 23 Oct 2023
Cited by 3 | Viewed by 2168
Abstract
Tourism plays an important role in fostering economic growth within the Asia-Pacific Economic Cooperation (APEC) forum member countries. Nevertheless, the development of this sector has resulted in significant depletion of natural resources and pollution. This research aims to determine the relationship between tourism, [...] Read more.
Tourism plays an important role in fostering economic growth within the Asia-Pacific Economic Cooperation (APEC) forum member countries. Nevertheless, the development of this sector has resulted in significant depletion of natural resources and pollution. This research aims to determine the relationship between tourism, economic growth, and environmental pollution in both developing and developed APEC economies from 1995 to 2020. By adopting the Environmental Kuznets Curve (EKC) framework, two dynamic panel data models are estimated employing Dynamic Ordinary Least Squares (DOLS), and causal relationships are established using the Dumitrescu–Hurlin test. The results indicate that tourism and economic growth have had a positive influence on the rise of environmental pollution in both groups of economies during the specified period. This research offers new insights by analyzing twelve developing and nine developed APEC economies over a span of 25 years, estimating two DOLS models, conducting Dumitrescu–Hurlin causality tests, and presenting evidence of EKC for both types of economies. Consequently, the implementation of policies that foster the preservation of natural areas, the utilization of renewable energies, and the promotion of sustainable tourism practices is recommended. Full article
(This article belongs to the Special Issue Economic Impacts of Climate Change)

Review

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21 pages, 1914 KiB  
Review
Revisiting the Impact of Corporate Carbon Management Strategies on Corporate Financial Performance: A Systematic Literature Review
by Maruli Sitompul, Arif Imam Suroso, Ujang Sumarwan and Nimmi Zulbainarni
Economies 2023, 11(6), 171; https://doi.org/10.3390/economies11060171 - 20 Jun 2023
Cited by 5 | Viewed by 4631
Abstract
The objective of this research is to examine the relationship between carbon management strategies in corporations and their impact on financial performance. We employ a systematic literature review to analyze 223 articles retrieved from reputable journals indexed in Scopus. A total of 22 [...] Read more.
The objective of this research is to examine the relationship between carbon management strategies in corporations and their impact on financial performance. We employ a systematic literature review to analyze 223 articles retrieved from reputable journals indexed in Scopus. A total of 22 empirical studies covering various industry sectors and countries were selected and included in our analysis. The result indicates that 59% of the articles demonstrate positive findings. Among these, 50% show a significant positive impact, while 9% exhibit mixed results with both positive and negative outcomes in the short and long-term perspectives. These findings suggest that adopting carbon management strategies predominantly has a positive influence on corporate financial performance. In this study, we also provide a summary of the dependent, independent, and control variables, as well as commonly used indicators in this research topic, to help guide future quantitative research. Lastly, we offer a summary of the motivations, drivers, and barriers that corporations experience when implementing carbon management strategies. These insights will be valuable for business managers and policymakers, aiding them in successfully embarking on the journey to achieve net-zero emissions. Full article
(This article belongs to the Special Issue Economic Impacts of Climate Change)
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