scholarly journals Do Green Finance and Environmental Regulation Play a Crucial Role in the Reduction of CO2 Emissions? An Empirical Analysis of 126 Chinese Cities

2021 ◽  
Vol 13 (23) ◽  
pp. 13014
Author(s):  
Fushuai Wang ◽  
Wenxia Cai ◽  
Ehsan Elahi

Green finance and environmental regulation can reduce CO2 emissions and promote the sustainability of economic development. Based on panel data of 126 resource-based prefecture-level cities in China from 2005 to 2017, the current study used a dynamic panel data model to empirically determine the CO2 emission reduction effects of different green finance instruments under different environmental regulatory intensities. The results showed that green finance tools had significant negative effects on the intensity of CO2 emissions, and green finance can adapt to environmental regulations of different intensities, which cooperated to promote carbon emission reduction. Moreover, in comparison, the debt-based green finance instrument had a stronger effect than the equity-based green finance instrument, and they did not show a coupling relationship. An administrative adjustment in green finance and environmental regulation is required to reduce environmental emissions and to improve sustainable development.

Energies ◽  
2021 ◽  
Vol 14 (4) ◽  
pp. 1161
Author(s):  
Maedeh Rahnama Mobarakeh ◽  
Miguel Santos Silva ◽  
Thomas Kienberger

The pulp and paper (P&P) sector is a dynamic manufacturing industry and plays an essential role in the Austrian economy. However, the sector, which consumes about 20 TWh of final energy, is responsible for 7% of Austria’s industrial CO2 emissions. This study, intending to assess the potential for improving energy efficiency and reducing emissions in the Austrian context in the P&P sector, uses a bottom-up approach model. The model is applied to analyze the energy consumption (heat and electricity) and CO2 emissions in the main processes, related to the P&P production from virgin or recycled fibers. Afterward, technological options to reduce energy consumption and fossil CO2 emissions for P&P production are investigated, and various low-carbon technologies are applied to the model. For each of the selected technologies, the potential of emission reduction and energy savings up to 2050 is estimated. Finally, a series of low-carbon technology-based scenarios are developed and evaluated. These scenarios’ content is based on the improvement potential associated with the various processes of different paper grades. The results reveal that the investigated technologies applied in the production process (chemical pulping and paper drying) have a minor impact on CO2 emission reduction (maximum 10% due to applying an impulse dryer). In contrast, steam supply electrification, by replacing fossil fuel boilers with direct heat supply (such as commercial electric boilers or heat pumps), enables reducing emissions by up to 75%. This means that the goal of 100% CO2 emission reduction by 2050 cannot be reached with one method alone. Consequently, a combination of technologies, particularly with the electrification of the steam supply, along with the use of carbon-free electricity generated by renewable energy, appears to be essential.


2017 ◽  
Vol 9 (7) ◽  
pp. 228 ◽  
Author(s):  
Ting Liu ◽  
Wenqing Pan

This paper combines Theil index method with factor decomposition technique to analyze China eight regions’ inequality of CO2 emissions per capita, and discuss energy structure, energy intensity, industrial structure, and per capita output’s impacts on inequality. This research shows that: (1) The trend of China regional carbon inequality is in the opposite direction to the per capita CO2 emission level. Namely, as the per capita CO2 emission levels rise, regional carbon inequality decreases, and vice versa. (2) Per capita output factor reduces regional carbon inequality, whereas energy structure factor and energy intensity factor increase the inequality. (3) More developed areas can reduce the carbon inequality by improving the energy structure, whereas the divergence of energy intensity in less developed areas has increased to expand the carbon inequity. Thus, when designing CO2 emission reduction targets, policy makers should consider regional differences in economic development level and energy efficiency, and refer to the main influencing factors. At the same time, upgrading industrial structure and upgrading energy technologies should be combined to meet the targets of economic growth and CO2 emission reduction.


2021 ◽  
Author(s):  
Yingli Lou ◽  
Yizhi Yang ◽  
Yunyang Ye ◽  
Wangda Zuo ◽  
Jing Wang

Building retrofit has great potential to reduce CO2 emissions since buildings are responsible for 36% of emissions in the United States. Several existing studies have examined the effect of building retrofit measures on CO2 emission reduction. However, these studies oversimplified emission factors of electricity by adopting constant annual emission factors. This study uses hourly emission factors of electricity to analyze the effect of building retrofit measures on emission reduction using U.S. medium office buildings as an example. We analyzed CO2 emission reduction effects of eight building retrofit measures that related to envelop and mechanical system in five locations: Tampa, San Diego, Denver, Great Falls, and International Falls. The main findings are: (1) estimating CO2 emission reduction with constant emission factors overestimates the emission reduction for most measures in San Diego, while it underestimates the emission reduction for most measures in Denver and International Falls; (2) The same retrofit measure may have different effects in CO2 emission reduction depending on the climates. For instance, improving lighting efficiency and improving equipment efficiency have less impacts in emission reduction in cold climates than hot climates; and (3) The most energy efficient measure may not be the most emission efficient measure. For example, in Great Falls, the most energy efficient measure is improving equipment efficiency, but the most emission efficient measure is improving heating efficiency.


2019 ◽  
Vol 11 (9) ◽  
pp. 2688 ◽  
Author(s):  
Rajan Parajuli ◽  
Omkar Joshi ◽  
Tek Maraseni

Based on country-specific panel data from 1990–2014 for 86 different countries, we quantify the effects of forests and agricultural land in CO2 emissions, using the framework of the Environmental Kuznets Curve (EKC). The results from the dynamic panel data method reveal that forests are an important determinant in reducing CO2 emissions globally, but the effects vary by region. All else constant, we estimate a 0.11% decline in CO2 emissions per 1% increase in the forest area globally. However, the agricultural sector is found to be a true CO2 emitter. Our study provides additional empirical evidence for the roles of forests in regulating atmospheric CO2, further reinforcing the importance of forests in global climate change policies.


2020 ◽  
Vol 10 (10) ◽  
pp. 3604 ◽  
Author(s):  
Dhrumil B. Gohil ◽  
Apostolos Pesyridis ◽  
Jose Ramon Serrano

This paper presents the evaluation of near-future advanced internal combustion engine technologies to reach near zero-emission in vehicles with in the Indian market. Extensive research was carried out to propose the rationalise the most promising, new ICE technologies which can be implemented in the vehicles to reduce CO2 emissions until the year 2030. A total of six technologies were considered that could be implemented in the Indian market. An initial market survey was carried out on the Indian automotive industry and electric vehicles in India, followed by an in-depth analysis and understanding of each technology through literature review. The main aim of the paper was to construct methods for a successful implementation of clean ICE technologies in the near future and to, also, predict a percentage reduction of CO2 tailpipe emissions from the vehicles. To do this, different objectives were laid out with a view to reducing the tailpipe CO2 emissions. Especially with the recent and legitimate focus on climate change in the world, this study aims to provide practical solutions pathway for India. Widespread research was carried out on all six technologies proposed within the automotive market in India and a set of main graphs represent CO2 emission reduction starting from 2020 until 2030. A significant reduction of CO2 was observed in the graph plot at the end of the paper and the technologies were successfully implemented for the Indian market to curb tailpipe CO2 emissions. A methodology based on calculating the vehicle fuel consumption was implemented and a graph was plotted showing the reduction of CO2 emissions until 2030. The starting point of the graph is 2020, when BS-VI comes into effect in India (April 2020). The CO2 limit taken into consideration here has been defined by the Government at 113 CO2 g/km. The paper fulfilled the aim of predicting the effects of implementing the technologies and the subsequent reductions of CO2 emissions for India.


2015 ◽  
Vol 1100 ◽  
pp. 11-14
Author(s):  
Marcela Fridrichová ◽  
Radek Magrla ◽  
Dominik Gazdič ◽  
Jana Stachová

In the last years we have to think about the question of emission reduction. One of the biggest producer of these emission is industry, where the cement industry comes under it. The effort of cement-workers and other manufacturers of building materials is the reduction of harmful oxides in our air, including CO2, which is one of a group of unfavourable oxides.This paper deals with the study possibility of partial compensation limestone by FBC-ash. The expected effect is the reduction of CO2 emissions and saving limestone. Following the previous stage of the research a recipes were designed for Portland clinker burning limestone-based and FBC ash, it was carried out laboratory burning and on produced cements were made basic technological tests.


2021 ◽  
Vol 13 (8) ◽  
pp. 4172
Author(s):  
Fan He ◽  
Yang Yang ◽  
Xin Liu ◽  
Dong Wang ◽  
Junping Ji ◽  
...  

High-precision CO2 emission data by sector are of great significance for formulating CO2 emission reduction plans. This study decomposes low-precision energy consumption data from China into 149 sectors according to the high-precision input–output (I–O) table for 2017. An economic I–O life cycle assessment model, incorporating sensitivity analysis, is constructed to analyze the distribution characteristics of CO2 emissions among sectors. Considering production, the electricity/heat production and supply sector contributed the most (51.20%) to the total direct CO2 emissions. The top 10 sectors with the highest direct CO2 emissions accounted for > 80% of the total CO2 emissions. From a demand-based perspective, the top 13 sectors with the highest CO2 emissions emitted 5171.14 Mt CO2 (59.78% of the total), primarily as indirect emissions; in particular, the housing construction sector contributed 23.97% of the total. Based on these results, promoting decarbonization of the power industry and improving energy and raw material utilization efficiencies of other production sectors are the primary emission reduction measures. Compared with low-precision models, our model can improve the precision and accuracy of analysis results and more effectively guide the formulation of emission reduction policies.


Energy Policy ◽  
2019 ◽  
Vol 129 ◽  
pp. 1271-1281 ◽  
Author(s):  
Rosa Marina González ◽  
Gustavo A. Marrero ◽  
Jesús Rodríguez-López ◽  
Ángel S. Marrero

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