scholarly journals UK's net-zero carbon emissions target: Investigating the potential role of economic growth, financial development, and R&D expenditures based on historical data (1870–2017)

2020 ◽  
Vol 161 ◽  
pp. 120255 ◽  
Author(s):  
Muhammad Shahbaz ◽  
Muhammad Ali Nasir ◽  
Erik Hille ◽  
Mantu Kumar Mahalik
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Carbon Emissions ◽  
Potential Role ◽  
Historical Data ◽  
Net Zero ◽  
Zero Carbon

scholarly journals Sustainability of the Moderating Role of Financial Development in the Determinants of Environmental Degradation: Evidence from Turkey

2021 ◽  
Vol 13 (4) ◽  
pp. 1844 ◽  
Author(s):  
Husam Rjoub ◽  
Jamiu Adetola Odugbesan ◽  
Tomiwa Sunday Adebayo ◽  
Wing-Keung Wong
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Environmental Degradation ◽  
Carbon Emissions ◽  
Capital Formation ◽  
Least Square ◽  
Long Run ◽  
Dynamic Ols ◽  
Moderating Role

One of the questions that remain unanswered in the literature on determinants of carbon emissions is the moderating effect of “financial development”. This becomes imperative, owing to the connection of carbon emissions to environmental degradation, which is considered to be one of the main challenges to sustainable development. Thus, this study investigated the moderating role of financial development in the determinants of carbon emissions for Turkey during the period of 1960 to 2016. Zivot–Andrew and Lee–Strazicich “unit root tests” were utilized to investigate the stationarity properties of the series. The cointegration among the variables employed was examined by utilizing the ARDL bounds test and Bayer–Hanck cointegration test. In contrast, the long-run causal relationship of the variables with carbon emissions was examined by using fully modified ordinary least square (FMOLS), dynamic OLS (DOLS), and Canonical Cointegrating Regression (CCR). The empirical findings reveal the significance of “economic growth”, “capital formation”, “energy consumption”, “urbanization”, and “financial development” as determinants of environmental degradation in Turkey. The study also found the significant moderating role of “financial development” in the relationship between “economic growth” and carbon emissions, capital formation and carbon emissions, and urbanization and carbon emissions. The environmental–financial related policies were suggested for the policymakers in Turkey to aid the reduction of carbon emission with the view of improving environmental quality.

The Role of the Faculty System in Achieving Net-Zero Carbon Emissions by 2030

2021 ◽  
Vol 23 (1) ◽  
pp. 50-66
Author(s):  
Jacqueline Humphreys
Keyword(s):  
Carbon Emissions ◽  
Church Of England ◽  
Status Quo ◽  
Present System ◽  
Net Zero ◽  
The Status ◽  
Zero Carbon ◽  
The Church ◽  
Church Buildings

The Church of England has committed itself to achieving net-zero carbon emissions by 2030. An important element required for success in this aim will be to amend the legislation around the management of church buildings and in particular the operation of the faculty jurisdiction. While aspects of the present system can and do facilitate some necessary change, to achieve the swift and widespread changes required within the timescale envisaged a more radical overhaul is required because the present faculty system favours the status quo, however bad that is from a carbon emissions perspective.

scholarly journals Financial development and economic growth nexus in SSA economies: The moderating role of telecommunication development

2021 ◽  
Vol 9 (1) ◽  
pp. 1862395
Author(s):  
Mac Junior Abeka ◽  
Eric Andoh ◽  
John Gartchie Gatsi ◽  
Seyram Kawor
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Moderating Role

A qualitative assessment of the impact of smart homes and environmentally beneficial technologies on the UK 2050 net-zero carbon emission target

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ghasson Shabha ◽  
Francesca Barber ◽  
Paul Laycock
Keyword(s):  
Climate Change ◽  
Carbon Emissions ◽  
Smart Home ◽  
Smart Homes ◽  
Content Type ◽  
Net Zero ◽  
Zero Carbon ◽  
The Uk ◽  
Home Technology ◽  
Smart Home Technology

PurposeThere are 29 million homes in the UK, accounting for 14% of the UK's energy consumption. This is given that UK has one of the highest water and energy demands in Europe which needs to be addressed according to the Committee on Climate Change (CCC). Smart homes technology holds a current perception that it is principally used by “tech-savvy” users with larger budgets. However, smart home technology can be used to control water, heat and energy in the entire house. This paper investigates how smart home technology could be effectively utilised to aid the UK government in meeting climate change targets and to mitigate the environmental impact of a home in use towards reducing carbon emissions.Design/methodology/approachBoth primary and secondary data were sought to gain insight into the research problem. An epistemological approach to this research is to use interpretivism to analyse data gathered via a semi-structured survey. Two groups of participants were approached: (1) professionals who are deemed knowledgeable about smart home development and implementation and (2) users of smart home technology. A variety of open-ended questions were formulated, allowing participants to elaborate by exploring issues and providing detailed qualitative responses based on their experience in this area which were interpreted quantitatively for clearer analysis.FindingsWith fossil fuel reserves depleting, there is an urgency for renewable, low carbon energy sources to reduce the 5 tonnes annual carbon emissions from a UK household. This requires a multi-faceted and a multimethod approach, relying on the involvement of both the general public and the government in order to be effective. By advancing energy grids to make them more efficient and reliable, concomitant necessitates a drastic change in the way of life and philosophy of homeowners when contemplating a reduction of carbon emissions. If both parties are able to do so, the UK is more likely to reach its 2050 net-zero carbon goal. The presence of a smart meter within the household is equally pivotal. It has a positive effect of reducing the amount of carbon emissions and hence more need to be installed.Research limitations/implicationsFurther research is needed using a larger study sample to achieve more accurate and acceptable generalisations about any future course of action. Further investigation on the specifics of smart technology within the UK household is also needed to reduce the energy consumption in order to meet net-zero carbon 2050 targets due to failures of legislation.Practical implicationsFor smart homes manufacturers and suppliers, more emphasis should be placed to enhance compatibility and interoperability of appliances and devices using different platform and creating more user's friendly manuals supported by step-by-step visual to support homeowners in the light of the wealth of knowledge base generated over the past few years. For homeowners, more emphasis should be placed on creating online knowledge management platform easily accessible which provide virtual support and technical advice to home owners to deal with any operational and technical issues or IT glitches. Developing technical design online platform for built environment professionals on incorporating smart sensors and environmentally beneficial technology during early design and construction stages towards achieving low to zero carbon homes.Originality/valueThis paper bridges a significant gap in the body of knowledge in term of its scope, theoretical validity and practical applicability, highlighting the impact of using smart home technology on the environment. It provides an insight into how the UK government could utilise smart home technology in order to reduce its carbon emission by identifying the potential link between using smart home technology and environmental sustainability in tackling and mitigating climate change. The findings can be applied to other building types and has the potential to employ aspects of smart home technology in order to manage energy and water usage including but not limited to healthcare, commercial and industrial buildings.

Aqueous phase conversion of CO2 into acetic acid over thermally transformed MIL-88B

2021 ◽  
Author(s):  
Waqar Ahmad ◽  
Paramita Koley ◽  
Swarit Dwivedi ◽  
Abhijit Shrotri ◽  
Akshat Tanksale
Keyword(s):  
Acetic Acid ◽  
Aqueous Phase ◽  
Carbon Emissions ◽  
Active Sites ◽  
Catalyst Recycling ◽  
Efficient Catalyst ◽  
Co Catalyst ◽  
Net Zero ◽  
Significant Difference ◽  
Zero Carbon

Abstract Sustainable production of acetic acid (AA) is a high priority due to its high global manufacturing capacity and numerous applications. Currently it is predominantly synthesized via carbonylation of methanol, in which both the reactants are fossil-derived. CO2 transformation into AA is highly desirable to achieve net zero carbon emissions, but significant challenges remain to achieve this efficiently. Herein, we report a heterogeneous catalyst, thermally transformed MIL-88B with Fe0 and Fe3O4 dual active sites, for highly selective AA formation via methanol hydrocarboxylation. This efficient catalyst showed high AA yield (590.1 mmol/gcat.L) with 81.7% selectivity at 150°C in aqueous phase using LiI as a co-catalyst. The reaction is believed to proceed via formic acid intermediate. No significant difference in AA yield and selectivity was noticed during catalyst recycling study up to five cycles. This work scalable and industrially relevant for CO2 utilisation to reduce carbon emissions, especially if green methanol and green hydrogen are used.

Regulatory Oversight of Climate Governance of Companies and Institutional Investors

2020 ◽  
pp. 145-198
Author(s):  
Janis Sarra
Keyword(s):  
Financial Services ◽  
Policy Making ◽  
Indigenous Communities ◽  
Low Carbon ◽  
The European Union ◽  
Regulatory Oversight ◽  
Net Zero ◽  
Zero Carbon ◽  
Women's Role

Chapter 6 examines a number of regulatory challenges for climate change, particularly in terms of international regulatory oversight. It offers positive models from the European Union and explores why fairness and equity should inform regulatory choices. It discusses the emerging use of ‘green taxonomies’ as a tool to assure investors about where their capital is being directed and to encourage sustainable investing. The chapter engages in a discussion about carbon pricing as a regulatory tool, including low carbon benchmarks, carbon budgets, and statutory requirements for net zero carbon emissions. It explores the potential governance role of debt in the transition to net zero carbon and what the appropriate oversight role is for financial services supervisors. The chapter canvasses capacity building for women’s role in policy-making and examines the critically important issue of meaningful partnership with Indigenous communities.

Financial Development and Economic Growth

2015 ◽  
pp. 233-245
Author(s):  
Filiz Eryılmaz ◽  
Hasan Bakır ◽  
Mehmet Mercan
Keyword(s):  
Economic Growth ◽  
Data Analysis ◽  
New Zealand ◽  
Financial Development ◽  
Positive Relationship ◽  
Panel Data Analysis ◽  
Annual Data ◽  
The Subject ◽  
The Relationship

The relationship between financial development and economic growth has been the subject of considerable debate in development and growth literature. Therefore this chapter provides evidence on the role of financial development in accounting for economic growth in 23 OECD countries (Italy, Japan, Luxemburg, Holland, New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, England, USA, Australia, Austria, Belgium, Canada, Denmark, Finland, Turkey, France, Germany, Greece, Iceland) via panel data analysis using the annual data for the period 1980-2012. The authors find a positive relationship between financial development and economic growth for all countries. Also this result means that financial development leads economic growth in these countries. So the results may help policymakers formulate effective financial sector policies as a tool to promote economic growth.

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