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The Effects of Green Promotion Policies on Green Energy Development and Environmental Management

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A special issue of International Journal of Environmental Research and Public Health (ISSN 1660-4601). This special issue belongs to the section "Environmental Science and Engineering".

Deadline for manuscript submissions: closed (21 November 2023) | Viewed by 28969

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Prof. Dr. Chih-Chun Kung

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School of Economics, Jiangxi University of Finance & Economics, Nanchang 330013, China
Interests: renewable energy; lifecycle analysis
Special Issues, Collections and Topics in MDPI journals

Dr. Shih-Chih Chen

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Department of Information Management, National Kaohsiung University of Science and Technology, Kaohsiung 824005, Taiwan
Interests: social media marketing; acceptance of emerging technologies; e-commerce & e-business; data mining; structural equation model
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Dr. Chengcheng Fei

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Department of Agricultural Economics, Texas A&M University, College Station, TX 77843, USA
Interests: agricultural sector and policy analysis; environmental and resource economics; climate change economics; food-water-energy nexus; mathematical programming
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Dr. Tsung-Ju Lee

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Department of Finance, Feng Chia University, Taichung 407802, Taiwan
Interests: mathematical programming; renewable energy development; machine learning
Special Issues, Collections and Topics in MDPI journals

Dr. Tao Wu

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Guest Editor

School of Economics, Jiangxi University of Finance & Economics, Nanchang 330013, China
Interests: environment economics; industrial organization; applied game theory

Special Issue Information

Dear Colleagues,

The use of fossil fuel is the primary driving force of societal development in the modern era, and it has probably been the most important factor in propelling the economies of developing countries such as Brazil, India, and China over the past two decades. Combined with the energy use in the United States and the European Union, the use of fossil fuels has peaked in the 21st century. Although it has greatly improved the living standard of mankind and technology innovation in almost all fields, resultant greenhouse effects, such as sea-level rise, desertification, melting of glaciers, and increased occurrence of extreme events, have been observed. Substituting fossil fuels with low-carbon energy sources is inevitably a solution for dealing with global climate change and ensuring sustainable development. However, green products are usually more costly than conventional productions, and, thus, certain forms of supportive policies are generally required to encourage the utilization of clean technologies.

Mounting policies and programs have been designed and implemented to achieve green development, but the discussion of what methodology can be used to evaluate the performance of green development is still under debate. For example, the efficiency of green development has come to serve as a criteria index for evaluating the performance of green development, but the definition of green development efficiency is unclear, making a universally applicable standard unachievable. Shuai and Fan (2020) and Wang et al. (2023) point out that the goal of green development should focus more on creating more value with less impact, and based on this argument, efficiency should be characterized by low input, high output, and reduced emissions. However, other studies indicate that efficiency should pay more attention to intergenerational fairness and thus the maintenance of environmental quality should be weighted substantially. Under such a circumstance, a clear definition and analysis of efficient renewable energy development must be set and included in the formulations of green promotion policies.

To gain more insights into the effectiveness of green promotion policies, this Special Issue focuses on (but is not limited to) the following issues:

Constructing a theoretical framework to investigate the environmental effects from various renewable sources and the efficient development approaches;
Demonstrating applicable mathematical or analytical models that explicitly define, estimate, and accommodate technology, climate, or policy variables;
Analysis of the competition among renewable energy technologies under certain renewable policies; competition between renewable energy and other green projects is also welcomed;
Discovering the influences of promotion policies on renewable energy application, technology integration, and green market share.

In this Special Issue, we aim to achieve the following contributions. First, the studies would demonstrate the theoretically valid and empirically applicable approaches to be useful in the green market and renewable energy development. Second, the studies could indicate the optimal production strategies of competing renewable energy technologies. Third, the influences of government promotion policies and market power on technology innovation and integration could be adequately illustrated.

Prof. Dr. Chih-Chun Kung
Dr. Shih-Chih Chen
Dr. Chengcheng Fei
Dr. Tsung-Ju Lee
Dr. Tao Wu
Guest Editors

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Keywords

climate change
dynamic optimization
green development
simulation

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Published Papers (12 papers)

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Research

24 pages, 6657 KiB

Open AccessArticle

Socio-Economic Vulnerability to Climate Change in Rural Areas in the Context of Green Energy Development—A Study of the Great Masurian Lakes Mesoregion

by Katarzyna Kocur-Bera and Szymon Czyża

Int. J. Environ. Res. Public Health 2023, 20(3), 2689; https://doi.org/10.3390/ijerph20032689 - 2 Feb 2023

Cited by 3 | Viewed by 2141

Abstract

Green energy production has become a common and recognized method of electricity generation. Giving up reliance on non-renewable energy sources is an important trend in the economies of many countries. The paper presents an analysis of the impact of indicators like increased green energy production on the level of vulnerability to climate change. The model of the Climate Change Vulnerability Index (VCC) recommended by the Intergovernmental Panel on Climate Change (considering three aspects: exposure, vulnerability, and adaptive capacity of the studied spatial unit/society) was applied. Sensitivity analysis, spatial heterogeneity, and temporal dynamics of indicators characterizing changes in electricity consumption, renewable energy production, greenhouse gas emissions, and variability of financial losses due to extreme weather events and their number were implemented. Several findings arose. First, the vulnerability to climate change (the level of the VCC index), does not decrease after the implementation of a single action, like the development of green energy production. The level of index of vulnerability to climate change (VCC1) from the reference year (2017) relative to VCC2 (2021) has changed slightly, despite the development of RES. The variation does not exceed a 1% reduction in the value of the VCC1 index. Second, the decrease in the level of the vulnerability requires global, coordinated action. The value of the VCC3 index, reflecting, including changes in green energy production (X15), electricity consumption/inhabitant (X38), and green-house gas emissions (X14), exhibited more favorably the impact of these indicators on vulnerability to climate change, compared to the VCC1 reference value. In eleven poviats, the VCC3 index decreased between 1 and 4%. In seven of these poviats, green energy production increased, resulting in an average 10% decrease in the X15 indicator, the X14 indicator representing green-house gas emissions decreased by an average of 7%, while the X38 indicator describing electricity consumption/per capita decreased by an average of 16%. Third, harmonized and inclusive action by the population holds the potential to be the clue to reducing vulnerability to climate change Full article

(This article belongs to the Special Issue The Effects of Green Promotion Policies on Green Energy Development and Environmental Management)

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19 pages, 632 KiB

Open AccessArticle

Environmental Governance Goals of Local Governments and Technological Innovation of Enterprises under Green Performance Assessment

by Xingshuai Wang, Ehsan Elahi, Zainab Khalid and Mohammad Ilyas Abro

Int. J. Environ. Res. Public Health 2023, 20(3), 1996; https://doi.org/10.3390/ijerph20031996 - 21 Jan 2023

Cited by 1 | Viewed by 2042

Abstract

The current study empirically estimates the impact of local government environmental governance on enterprise technological innovation from the perspective of a green political performance assessment of local governments with Chinese characteristics. Fourteen years of data (from 2006 to 2019) on pollutant emissions, and the patents of A-share listed companies were collected from 230 cities in China. A fixed effect model and tool variable method were applied to empirically analyze the objectives of the study. The results show that the environmental governance formulated by the local government has regional differences, which are shown as lower governance indicators for underdeveloped areas and higher governance indicators for developed areas. Environmental governance has a greater promotion effect on technological innovation in enterprises in developed regions, as well as in large and private enterprises. Moreover, mechanism analysis showed that the local governments preferred the path of financial subsidies to promote the level of technological innovation in enterprises. This study provides a foundation for attaining the “win–win” scenario of local government environmental stewardship and high-quality green economic growth. Full article

(This article belongs to the Special Issue The Effects of Green Promotion Policies on Green Energy Development and Environmental Management)

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35 pages, 9256 KiB

Open AccessArticle

Knowledge Ecology and Policy Governance of Green Finance in China—Evidence from 2469 Studies

by Junjie Li, Bei Zhang, Xin Dai, Meng Qi and Bangfan Liu

Int. J. Environ. Res. Public Health 2023, 20(1), 202; https://doi.org/10.3390/ijerph20010202 - 23 Dec 2022

Cited by 5 | Viewed by 2539

Abstract

CiteSpace was used to visualize the knowledge ecology of the green finance research literature in CNKI and WOS, and NVivo software was used to root the code analysis of the current green finance policies in China. From the analysis of the research hotspots, both in China and internationally, great importance is attached to the research on green finance, and the research on green financialization has broad prospects. The core group of authors on green finance research in China has taken shape, whereas the core group of authors of green finance research in the rest of the world has not yet taken shape. There is a lack of close cooperation and a relatively low level of communication among important domestic green finance research institutions, and a certain scale of cooperation network has been formed among influential international institutions. The major countries for influential international green finance research are Singapore, France, Switzerland, Canada and Saudi Arabia, and the international influence of China’s green finance needs to be improved. Both domestic and foreign countries attach great importance to the balance between economic growth and the low-carbon green transition. China attaches more importance to macroeconomic development and strategic transition, but internationally, the trend is toward microcorporate green performance, policy optimization and market innovation. The research focus of green finance has achieved in three stages of evolution, namely, green industry in the early stage, green services in the middle stage and green strategy in the near future. International green finance research focuses on climate change, market players, government performance, social responsibility sharing, etc. In particular, reducing the cost of green development is the focus of international green finance. The domestic focus is on climate risk, carbon neutrality, carbon peak, low-carbon transition, carbon reduction, and green transition themes. Internationally, the focus is on financial performance, decisions, green finance, credit, drivers, quality, socially responsible investment and other topics. Considering the practical implementation of green finance in China, the governance logic of China’s green finance policy consists of five main categories: policy belief, policy objective, policy tool, policy feedback and policy cycle. In the future, the development and improvement of China’s green finance policy should achieve breakthroughs in the following aspects: first, guiding the main body of green finance policy to firmly establish policy beliefs; second, improving the clarity of green finance policy objectives; third, enhancing the overall effectiveness of the governance of green financial policy instruments; fourth, strengthening the green finance incentive policy feedback system construction; and fifth, improving the quality of green finance policy cycles. Full article

(This article belongs to the Special Issue The Effects of Green Promotion Policies on Green Energy Development and Environmental Management)

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17 pages, 995 KiB

Open AccessArticle

The Sustainability Narrative: A Multi Study Using Event Studies to Analyse the American Energy Companies Shareholder’s Reaction to Sustainability News

by Alberto Barroso Del Toro, Laura Vivas Crisol and Xavier Tort-Martorell

Int. J. Environ. Res. Public Health 2022, 19(23), 15489; https://doi.org/10.3390/ijerph192315489 - 22 Nov 2022

Cited by 1 | Viewed by 2097

Abstract

This study investigates how shareholders of leading US energy companies value sustainability narratives. Leveraging the Global Database of Events (GDELT) from 2017 to 2019, 207,386 news items were extracted, 4101 event studies were performed, 3393 cumulative average abnormal returns (CAAR) were analysed, and 708 Abnormal volatilities (AV) were analysed. The magnitude of the analysis and further segmentation of the viral news by tone, type of energy, and environmental consequence help us to understand shareholders’ investment decisions and narrative. We proved that the sustainability narrative has a significant impact on shareholder value. There is a clear negative bias on sustainability news, impacting negatively on the market. More importantly, we’ve identified positive news about fossil fuels impacting the market more than positive renewable energy news. These results provide empirical evidence for the case of greenwashing in businesses. There must be a common shareholder’s narrative to penalise and reduce incentives for highly polluting investments to push forward an effective ecological transition. These results provide an objective for regulators to develop further regulations and incentives to fight against false sustainability news. Full article

(This article belongs to the Special Issue The Effects of Green Promotion Policies on Green Energy Development and Environmental Management)

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15 pages, 778 KiB

Open AccessArticle

Do Green Finance Policies Foster Environmental, Social, and Governance Performance of Corporate?

by Xingshuai Wang, Ehsan Elahi and Zainab Khalid

Int. J. Environ. Res. Public Health 2022, 19(22), 14920; https://doi.org/10.3390/ijerph192214920 - 13 Nov 2022

Cited by 18 | Viewed by 3004

Abstract

The green finance policy is crucial for enterprises to participate in environmental governance actively. Taking the “Green Credit Guidelines” issued by China in 2012 as a quasi-natural experiment, this study investigated the impact of green finance policies on corporate environmental, social, and governance (ESG) performance by using a continuous Difference-in-Differences (DID) model based on the data of listed companies from 2006 to 2020. The conclusions are: (1) The green finance policy significantly improves corporate ESG, but the effects vary across enterprises. (2) The policy has encouraged enterprises to develop and adopt green products and technologies. Still, it has not had a positive effect on the treatment of enterprise pollutant emissions because the implementation of the policy makes enterprises pay more attention to front-end risk control than pollution treatment after production. (3) Research results have heterogeneity. The impact of green finance policies on enterprises at different levels of environmental regulation is different. Enterprises in areas with high intensity of environmental regulation are more vulnerable to green credit. The conclusion of this paper helps improve the green finance policy system, enhance the awareness and level of corporate ESG, and strengthen the collaborative governance of policies and enterprises on environmental issues in combination with the mandatory environmental regulations and incentive mechanisms to promote the green development of enterprises and realize the goal of carbon neutrality. Full article

(This article belongs to the Special Issue The Effects of Green Promotion Policies on Green Energy Development and Environmental Management)

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19 pages, 1428 KiB

Open AccessArticle

Ecological Effect Assessment of Low-Carbon City Construction in China

by Juan Yin and Jin Guo

Int. J. Environ. Res. Public Health 2022, 19(21), 14467; https://doi.org/10.3390/ijerph192114467 - 4 Nov 2022

Cited by 4 | Viewed by 1950

Abstract

This paper takes the second batch of low-carbon pilot cities in China as the research object and selects the Urban Health Ecological Index to measure the green development level of cities, aiming to explore and evaluate the theoretical mechanism and policy effect of low-carbon pilot projects to promote the coordinated development of urban economy, society and the environment. The research conclusions show that: ① The low-carbon city pilot project is conducive to support the pilot cities to build a low-carbon industrial system, advocate a low-carbon lifestyle, establish a low-carbon evaluation system, and then play a positive role in promoting the green development level of the city; ② By applying the Propensity Score Matching–Difference in Differences (PSM-DID) model, the empirical analysis finds that after the implementation of the pilot policy, the green development level of low-carbon pilot cities has been significantly improved, and this conclusion is still stable in the parallel trend test, counterfactual test and sample expansion test; ③ In terms of regional heterogeneity, the low-carbon pilot projects have a more significant policy effect on promoting the green development of provincial capitals and eastern cities. Strict administrative supervision in provincial capitals and good economic foundations in eastern cities have had a positive moderating effect on the policy effect of low-carbon pilot projects. Finally, this paper discusses how to realize the ecological effects of low-carbon city pilot projects and put forward some relevant policy suggestions. Full article

(This article belongs to the Special Issue The Effects of Green Promotion Policies on Green Energy Development and Environmental Management)

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15 pages, 716 KiB

Open AccessArticle

Does Environmental Credit Rating Promote Green Innovation in Enterprises? Evidence from Heavy Polluting Listed Companies in China

by Minxin Zuo and Tao Wu

Int. J. Environ. Res. Public Health 2022, 19(20), 13617; https://doi.org/10.3390/ijerph192013617 - 20 Oct 2022

Cited by 6 | Viewed by 2128

Abstract

Environmental credit rating (ECR) is a novel environmental governance tool proposed by China, but its implementation effect is still unknown. This study analyzed whether it achieves the goal of encouraging green innovation in enterprises. Based on the green patent data of listed companies in heavy polluting industries in China from 2010 to 2018, we constructed a heterogeneous timing difference-in-differences model to empirically study the impact of the ECR policy on green innovation. We find that the policy has significantly promoted heavy polluting enterprises’ green innovation. Moreover, the results passed a series of robustness tests. Importantly, we find that the policy has a positive effect on enterprises’ green innovation through the reputation mechanism and financing mechanism. Furthermore, the incentive effect of the policy varies with enterprise characteristics and regional characteristics: the green innovation effect of the policy is more obvious in large-sized and state-owned companies and companies in regions with low fiscal pressure and a high level of financial development are more likely to induce firms’ green innovation. Our research will be of practical value to China’s environmental management, as well as global value to other countries. Full article

(This article belongs to the Special Issue The Effects of Green Promotion Policies on Green Energy Development and Environmental Management)

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18 pages, 3165 KiB

Open AccessArticle

The Dynamic Relationship among Bank Credit, House Prices and Carbon Dioxide Emissions in China

by Guangyang Chen, Kai Dong, Shaonan Wang, Xiuli Du, Ronghua Zhou and Zhongwei Yang

Int. J. Environ. Res. Public Health 2022, 19(16), 10428; https://doi.org/10.3390/ijerph191610428 - 21 Aug 2022

Cited by 4 | Viewed by 2134

Abstract

This paper explores the dynamic relationship among bank credit, house prices and carbon dioxide emissions in China by systematically analyzing related data from January 2000 to December 2019 with the help of the time-varying parameter vector autoregression with stochastic volatility (TVP-SV-VAR) model and the Bayesian DCC-GARCH model. Empirical results show the expansion of bank credit significantly drives up house prices and increases carbon dioxide emissions in mosttimes. The rise in house prices inhibits the expansion of bank credit but increases carbon dioxide emissions and aggravates environment pollution, and that the increase in carbon dioxide is helpful to stimulate bank credit expansion and house price rise. In addition, bank credit and house prices are most relevant, followed by bank credit and carbon dioxide emissions, then by house prices and carbon dioxide emissions. Therefore, we believe that in order to stabilize skyrocketing house prices, restrain carbon dioxide emissions, and secure a stable and healthy macro-economy, the government should strengthen management of bank credit, and effectively control its total volume. Full article

(This article belongs to the Special Issue The Effects of Green Promotion Policies on Green Energy Development and Environmental Management)

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17 pages, 554 KiB

Open AccessArticle

Exploring the Role of Green Finance and Energy Development towards High-Quality Economic Development: Application of Spatial Durbin Model and Intermediary Effect Model

by Rong Wang and Fayuan Wang

Int. J. Environ. Res. Public Health 2022, 19(14), 8875; https://doi.org/10.3390/ijerph19148875 - 21 Jul 2022

Cited by 27 | Viewed by 3031

Abstract

Finance is the blood of the economy, and energy is the foundation and source of power for economic and social development. It is crucial to the prosperity and development of the country, the improvement of people’s lives and the long-term stability of society. It is a booster for the implementation of the concept of green development and the realization of high-quality economic development (HQED). Based on the panel data of 11 provinces and cities in the Yangtze River Economic Belt from 2007 to 2019, this paper selects green investment and carbon emission intensity as green financial values and calculates energy development indicators from the three dimensions of energy supply, energy consumption and energy efficiency. The three dimensions of development capability, high-quality development structure and high-quality development benefit are used to construct an indicator system for high-quality economic development, and the spatial Durbin model is selected to study the spatial effects of green finance and energy development on high-quality economic development. At the same time, the mediation effect model is used to test whether there is a mediation effect in the development of green finance on high-quality economic development. The results show that: green finance has a significant positive impact on high-quality economic development, and the spatial spillover effect is not significant; energy development has a significant positive impact on high-quality economic development, and the spatial spillover effect is significantly negative; the interaction term between green finance and energy development has a significant negative impact on high-quality economic development, and the spatial spillover effect is not significant and green finance plays a partial intermediary role in the process of energy development promoting high-quality economic development. Existing research considers less of the impact of green finance on high-quality development. On the one hand, the research in this paper can theoretically supplement and improve existing research and expand the research field; on the other hand, it can provide a policy basis for the realization of high-quality development in the region, which has important practical significance for the realization of sustainable development goals in the region. Full article

(This article belongs to the Special Issue The Effects of Green Promotion Policies on Green Energy Development and Environmental Management)

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22 pages, 2121 KiB

Open AccessArticle

Is a Pleasant Policy Environment Conducive to Green Growth of Central China?

by Jianqing Zhang, Enze Gong, Fangheng Tong and Shuting Li

Int. J. Environ. Res. Public Health 2022, 19(13), 7647; https://doi.org/10.3390/ijerph19137647 - 22 Jun 2022

Cited by 2 | Viewed by 1526

Abstract

Improving the pleasantness of the policy environment in Central China stimulates economic growth, but it also contains higher risks of pollution. Based on the data of 80 cities in Central China from 2006 to 2018, the entropy method was used to estimate the pleasantness of policy environment in the region. How the policy environment has changed and whether the pleasant policy environment in the region is conducive to green growth were empirically studied. The results show the following: (1) The current attempts to improve the pleasantness of the policy environment in Central China is not conducive to green growth of the region. (2) Improving the pleasantness of the policy environment has indirect negative impacts on green growth through widening the development gap between prefecture-level cities and provincial capitals, as well as encouraging foreign trade; meanwhile, it also has an indirect positive impact through stimulating industrial diversification. The policy environment does not indirectly affect green growth through affecting technological innovation. (3) The policy environment in Central China will have a heterogeneous effect on the green growth of cities from the perspective of spatial heterogeneity and heterogeneity of city characteristics. In this paper, policy implications are proposed. Full article

(This article belongs to the Special Issue The Effects of Green Promotion Policies on Green Energy Development and Environmental Management)

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14 pages, 1285 KiB

Open AccessArticle

Does Non-Food Cultivation of Cropland Increase Farmers’ Income?

by Wencai Yang, Caiyao Xu and Fanbin Kong

Int. J. Environ. Res. Public Health 2022, 19(12), 7329; https://doi.org/10.3390/ijerph19127329 - 15 Jun 2022

Cited by 8 | Viewed by 2108

Abstract

The production of cash crops is often regarded as an effective way to increase farmers’ income. This study evaluates the impact of non-food cultivation of cropland on farmers’ income by using the least-squares (OLS) model in Zhejiang Province, eastern China. Farmers are further divided into different groups according to their income levels to analyze the different impacts of non-food cultivation on their household income. The result shows that non-food cultivation has a significant negative effect on farmers’ income, with a more pronounced effect on farmers with a relatively low income. Accordingly, the increase in the proportion of cash crops that are grown does not increase the income of farmers in Zhejiang; instead, this harms their income. Therefore, farmers in Zhejiang should not rely on the cultivation of cash crops for their prosperity but must focus on participating in non-farm employment to increase their household income. Full article

(This article belongs to the Special Issue The Effects of Green Promotion Policies on Green Energy Development and Environmental Management)

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19 pages, 1173 KiB

Open AccessArticle

Green Credit and Total Factor Carbon Emission Performance—Evidence from Moderation-Based Mediating Effect Test

by Lingling Cao and Huawei Niu

Int. J. Environ. Res. Public Health 2022, 19(11), 6821; https://doi.org/10.3390/ijerph19116821 - 2 Jun 2022

Cited by 8 | Viewed by 2344

Abstract

To achieve China’s new development pattern and the “dual carbon” goals, it is necessary to boost emission reduction and high-quality economic development simultaneously. Green credit (GC), consisting of environmental regulation and economic leverage, has a profound impact on improving total factor carbon emission performance (TFCEP). By selecting the panel data of 30 provinces and municipalities in China from 2001 to 2020, this paper constructs a series of panel models to analyze the transmission path of GC to TFCEP. The results indicate that the relationship between GC and TFCEP showed an “inverted-U-shaped” relationship. This is mainly because “energy-saving and emission reduction” first appeared in the government planning outline in 2006, and transition-friendly enterprises successfully transformed with low-interest green credit, thereby effectively improving their TFCEP. However, as environmental regulations continue to increase and the scale of green credit continues to expand, the efficiency of green credit allocation and internal conflicts with other environmental regulation policies are also emerging. At the same time, the advancement of industrial structure and green technology innovation had a significant mediating effect between GC and TFCEP; government quality has a strong moderating effect on the second stage of the mediating process. When GC reaches a certain scale, it tends to restrain TFCEP more in central and western China than in eastern China. Therefore, it is of great significance to continuously increase the scale of GC, promote the advancement of clean energy industrial structure, and improve green technology innovation. Full article

(This article belongs to the Special Issue The Effects of Green Promotion Policies on Green Energy Development and Environmental Management)

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