Search Results (1,671)

Fintech and government effectiveness are encouraged to be considered in the campaign towards renewable energy transition. However, the literature on these factors is tilted towards their impact on carbon emissions and less on fintech and energy transition. To address this significant gap in the literature, this current study employs the Cross-Sectional Autoregressive Distributed Lag (CS-ARDL) to estimate the influence of fintech and government effectiveness on renewable energy transition and carbon emissions in selected Asian countries. The results reveal that in the long and short terms, government effectiveness encourages the transition to renewable energy; however, government effectiveness effect on carbon emissions is insignificant in both terms. Nevertheless, fintech is statistically not significant in affecting the renewable energy transition and carbon emissions. Based on the study findings, it is recommended that a strong governance system is required to achieve a clean energy transition. Full article

Under China’s ‘Dual Carbon’ strategy, the power sector plays a central role in achieving carbon neutrality. This study develops a bi-level game-optimization model involving the government, power producers, and technology suppliers to explore the dynamic coordination between shadow carbon pricing and emission trajectories. The upper-level model, guided by the government, focuses on minimizing total costs, including emission reduction costs, technological investments, and operational costs, by dynamically adjusting emission targets and shadow carbon prices. The lower-level model employs evolutionary game theory to simulate the adaptive behaviors and strategic interactions among power producers, regulatory authorities, and technology suppliers. Three representative uncertainty scenarios, disruptive technological breakthroughs, major policy interventions, and international geopolitical shifts, are incorporated to evaluate system robustness. Simulation results indicate that an optimistic scenario is characterized by rapid technological advancement and strong policy incentives. Conversely, under a pessimistic scenario with sluggish technology development and weak regulatory frameworks, there are substantially higher transition costs. This research uniquely contributes by explicitly modeling dynamic feedback between policy and stakeholder behavior under multiple uncertainties, highlighting the critical roles of innovation-driven strategies and proactive policy interventions in shaping effective, resilient, and cost-efficient carbon pricing and low-carbon transition pathways in the power sector. Full article

The carbon dioxide spillover effects and influencing factors of the “Belt and Road Initiative” (BRI) in African countries must be assessed to evaluate the effectiveness, promote low-carbon transmissions in African countries, and provide recommendations for achieving the 2030 Sustainable Development Goals. This novel study employs carbon dioxide emission intensity (CEI) and per capita carbon dioxide emissions (PCE) as dual indicators to evaluate the spatial spillover effects of 54 BRI African countries on their neighboring countries’ carbon emissions from 2007 to 2023. It identifies the key factors and mechanisms affecting these spillover effects using the spatial differences-in-differences (SDID) model. Results indicate that since the launch of the BRI, the CEI and PCE of BRI African countries have significantly increased, largely due to trade patterns and industrialization structures. Greater trade openness has further boosted local economic development, thereby increasing carbon dioxide’s spatial spillover. Government management and corruption control levels show some heterogeneity in the spillover effects, which may be attributed to long-standing issues of weak institutional enforcement in Africa. Overall, this study reveals the complex relationship between BRI African economic development and environmental outcomes, highlighting the importance of developing sustainable development strategies and establishing strong differentiated regulatory regimes to effectively address environmental challenges. Full article

With the rapid pace of urbanization, cities are increasingly facing severe challenges related to environmental pollution, ecological degradation, and climate change. Extreme climate events—such as heatwaves, droughts, heavy rainfall, and wildfires—have intensified public concern about sustainability, environmental protection, and low-carbon development. Ensuring environmental preservation while maintaining residents’ quality of life has become a central focus of urban governance. In this context, evaluating green indicators and predicting urban greenness is both necessary and urgent. This study incorporates international frameworks such as the EU Green City Index, the European Green Capital Award, and the United Nations Sustainable Development Goals to assess urban sustainability. The Extreme Gradient Boosting (XGBoost) algorithm is employed to predict the green level of cities and to develop multiple optimized models. Comparative analysis with traditional models demonstrates that XGBoost achieves superior performance, with an accuracy of 0.84 and an F1-score of 0.81. Case study findings identify “Greenhouse Gas Emissions per Person” and “Per Capita Emissions from Transport” as the most critical indicators. These results provide practical guidance for policymakers, suggesting that targeted regulations based on these key factors can effectively support emission reduction and urban sustainability goals. Full article

In the context of global climate governance and the green transition, digital infrastructure serves as a critical enabler of resource allocation in the digital economy, offering strategic value in tackling synergistic pollution and carbon reduction challenges. Using panel data from 280 prefecture-level cities, this study employs a multiperiod difference-in-differences (DID) approach, leveraging smart city pilot policies as a quasinatural experiment, to assess how digital infrastructure affects urban synergistic pollution-carbon mitigation (SPCM). The empirical results show that digital infrastructure increases the urban SPCM index by 1.5%, indicating statistically significant effects. Compared with energy and income effects, digital infrastructure can influence this synergistic effect through indirect channels such as the energy effect, economic agglomeration effect, and income effect, with the economic agglomeration effect accounting for a larger share of the total effect. Additionally, fixed-asset investment has a nonlinear moderating effect on this relationship, with diminishing marginal returns on emission reduction when investment exceeds a threshold. Heterogeneity tests reveal greater impacts in eastern, nonresource-based, and environmentally regulated cities. This study expands the theory of collaborative environmental governance from the perspective of new infrastructure, providing a theoretical foundation for establishing a long-term digital technology-driven mechanism for SPCM. Full article

This paper examines the changing role of emissions trading systems (ETSs) within the macro-financial framework of energy markets, emphasizing price dynamics and systemic spillovers. Utilizing monthly data from seven ETS jurisdictions spanning January 2021 to December 2024 (N = 287 observations after log transformation and first differencing), which includes four auction-based markets (United States, Canada, United Kingdom, South Korea), two secondary markets (China, New Zealand), and a government-set fixed-price scheme (Germany), this research estimates a panel vector autoregression (PVAR) employing a Common Correlated Effects (CCE) model and augments it with machine learning analysis utilizing XGBoost and explainable AI methodologies. The PVAR-CEE reveals numerous unexpected findings related to carbon markets: ETS returns exhibit persistence with an autoregressive coefficient of −0.137 after a four-month lag, while increasing inflation results in rising ETS after the same period. Furthermore, ETSs generate spillover effects in the real economy, as elevated ETSs today forecast a 0.125-point reduction in unemployment one month later and a 0.0173 increase in inflation after two months. Impulse response analysis indicates that exogenous shocks, including Brent oil prices, policy uncertainty, and financial volatility, are swiftly assimilated by ETS pricing, with effects dissipating completely within three to eight months. XGBoost models ascertain that policy uncertainty and Brent oil prices are the most significant predictors of one-month-ahead ETSs, whereas ESG factors are relevant only beyond certain thresholds and in conditions of low policy uncertainty. These findings establish ETS markets as dynamic transmitters of macroeconomic signals, influencing energy management, labor changes, and sustainable finance under carbon pricing frameworks. Full article

The countries and regions along the Belt and Road are rich in wetland carbon sink resources, crucial for mitigating greenhouse gas emissions and achieving global emission reduction. This paper uses policy analysis and desk research to analyze the overview of wetland carbon sinks in these countries. It explores the necessity of legal system construction for their carbon sink trading. This study finds that smooth trading requires clear property rights definition rules, efficient market trading entities, definite carbon sink trading price rules, financial support aligned with the Equator Principles, and support from biodiversity-compatible environmental regulatory principles. Currently, there are still obstacles in wetland carbon sink trading in the Belt and Road, such as property rights confirmation, an accounting system, an imperfect market trading mechanism, and the coexistence of multiple trading risks. Therefore, this paper first proposes to clarify the goal of the legal guarantee mechanism. Efforts should focus on promoting a consensus on wetland carbon sink ownership and establishing a unified accounting standard system; simultaneously, the relevant departments should conduct field investigations and monitoring, standardize the market order, and strengthen government financial support and funding guarantees. Full article

This study reports the synthesis and evaluation of iron molybdate (Fe₂(MoO₄)₃) and iron tungstate (FeWO₄) as photocatalysts for the degradation of a real industrial effluent from aluminum anodizing processes under visible light irradiation. The oxides were synthesized via a co-precipitation method in an aqueous medium, followed by microwave-assisted hydrothermal treatment. Structural and morphological characterizations were performed using X-ray diffraction, field-emission scanning electron microscopy, Raman spectroscopy, ultraviolet–visible (UV–vis), and photoluminescence (PL) spectroscopies. The effluent was characterized by means of ionic chromatography, total organic carbon (TOC) analysis, physicochemical parameters (pH and conductivity), and UV–vis spectroscopy. Both materials exhibited well-crystallized structures with distinct morphologies: Fe₂(MoO₄)₃ presented well-defined exposed (001) and (110) surfaces, while FeWO₄ showed a highly porous, fluffy texture with irregularly shaped particles. In addition to morphology, both materials exhibited narrow bandgaps—2.11 eV for Fe₂(MoO₄)₃ and 2.03 eV for FeWO₄. PL analysis revealed deep defects in Fe₂(MoO₄)₃ and shallow defects in FeWO₄, which can influence the generation and lifetime of reactive oxygen species. These combined structural, electronic, and morphological features significantly affected their photocatalytic performance. TOC measurements revealed degradation efficiencies of 32.2% for Fe₂(MoO₄)₃ and 45.3% for FeWO₄ after 120 min of irradiation. The results highlight the critical role of morphology, optical properties, and defect structures in governing photocatalytic activity and reinforce the potential of these simple iron-based oxides for real wastewater treatment applications. Full article

With the support of the dual-carbon strategy and related policies, China’s offshore wind power has experienced rapid development. However, constrained by the inherent intermittency and volatility of wind power, large-scale expansion poses significant challenges to grid integration and exacerbates government fiscal burdens. To address these critical issues, this paper proposes a multi-market coupling trading model integrating energy storage-equipped offshore wind power into electricity–carbon–green certificate markets for large-scale grid networks. Firstly, a day-ahead electricity market optimization model that incorporates energy storage is established to maximize power revenue by coordinating offshore wind power generation, thermal power dispatch, and energy storage charging/discharging strategies. Subsequently, carbon market and green certificate market optimization models are developed to quantify Chinese Certified Emission Reduction (CCER) volume, carbon quotas, carbon emissions, market revenues, green certificate quantities, pricing mechanisms, and associated economic benefits. To validate the model’s effectiveness, a gradient ascent-optimized game-theoretic model and a double auction mechanism are introduced as benchmark comparisons. The simulation results demonstrate that the proposed model increases market revenues by 17.13% and 36.18%, respectively, compared to the two benchmark models. It not only improves wind power penetration and comprehensive profitability but also effectively alleviates government subsidy pressures through coordinated carbon–green certificate trading mechanisms. Full article

The integration of artificial intelligence (AI), big data analytics, and blockchain technologies within the digital economy presents transformative opportunities for promoting low-carbon urban development. However, a systematic understanding of how these digital innovations influence urban carbon mitigation remains limited. This study addresses this gap by proposing two research questions (RQs): (1) What are the key success factors for artificial intelligence, big data, and blockchain in urban carbon emission reduction? (2) How do these technologies interact and support the transition to low-carbon cities? To answer these questions, the study employs a hybrid methodological framework combining the decision-making trial and evaluation laboratory (DEMATEL) and interpretive structural modeling (ISM) techniques. The data were collected through structured expert questionnaires, enabling the identification and hierarchical analysis of twelve critical success factors (CSFs). Grounded in sustainability transitions theory and institutional theory, the CSFs are categorized into three dimensions: (1) digital infrastructure and technological applications; (2) digital transformation of industry and economy; (3) sustainable urban governance. The results reveal that e-commerce and sustainable logistics, the adoption of the circular economy, and cross-sector collaboration are the most influential drivers of digital-enabled decarbonization, while foundational elements such as smart energy systems and digital infrastructure act as key enablers. The DEMATEL-ISM approach facilitates a system-level understanding of the causal relationships and strategic priorities among the CSFs, offering actionable insights for urban planners, policymakers, and stakeholders committed to sustainable digital transformation and carbon neutrality. Full article

Emerging markets face growing pressures to integrate sustainable English business practices while maintaining economic growth, particularly in addressing environmental challenges and achieving carbon neutrality goals. English Financial information extraction becomes crucial for supporting green finance initiatives, Environmental, Social, and Governance (ESG) compliance, and sustainable investment decisions in these markets. This paper presents FinATG, an AI-driven autoregressive framework for extracting sustainability-related English financial information from English texts, specifically designed to support emerging markets in their transition toward sustainable development. The framework addresses the complex challenges of processing ESG reports, green bond disclosures, carbon footprint assessments, and sustainable investment documentation prevalent in emerging economies. FinATG introduces a domain-adaptive span representation method fine-tuned on sustainability-focused English financial corpora, implements constrained decoding mechanisms based on green finance regulations, and integrates FinBERT with autoregressive generation for end-to-end extraction of environmental and governance information. While achieving competitive performance on standard benchmarks, FinATG’s primary contribution lies in its architecture, which prioritizes correctness and compliance for the high-stakes financial domain. Experimental validation demonstrates FinATG’s effectiveness with entity F1 scores of 88.5 and REL F1 scores of 80.2 on standard English datasets, while achieving superior performance (85.7–86.0 entity F1, 73.1–74.0 REL+ F1) on sustainability-focused financial datasets. The framework particularly excels in extracting carbon emission data, green investment relationships, and ESG compliance indicators, achieving average AUC and RGR scores of 0.93 and 0.89 respectively. By automating the extraction of sustainability metrics from complex English financial documents, FinATG supports emerging markets in meeting international ESG standards, facilitating green finance flows, and enhancing transparency in sustainable business practices, ultimately contributing to their sustainable development goals and climate action commitments. Full article

The integration of renewable energy into power grids is imperative for reducing carbon emissions and mitigating reliance on depleting fossil fuels. In this paper, we develop symmetric and asymmetric evolutionary game-theoretic models to analyze how user–grid cooperation in peak shaving can be enhanced by incorporating whole-process democracy (deliberative governance) into decision-making. Our framework captures excess returns, cooperation-driven profits, energy pricing, participation costs, and benefit-sharing coefficients to identify equilibrium conditions under varied subsidy, cost, and market scenarios. Furthermore, this study integrates the theory, path, and mechanism of deliberative procedures under the perspective of whole-process democracy, exploring how inclusive and participatory decision-making processes can enhance cooperation in renewable energy systems. We simulate seven scenarios that systematically adjust subsidy rates, cost–benefit structures, dynamic pricing, and renewable-versus-conventional competitiveness, revealing that robust cooperation emerges only under well-aligned incentives, equitable profit sharing, and targeted financial policies. These scenarios systematically vary these key parameters to assess the robustness of cooperative equilibria under diverse economic and policy conditions. Our findings indicate that policy efficacy hinges on deliberative stakeholder engagement, fair profit allocation, and adaptive subsidy mechanisms. These results furnish actionable guidelines for regulators and grid operators to foster sustainable, low-carbon energy systems and inform future research on demand response and multi-source integration. Full article

This article examines the role of managed ecosystems, and particularly forests, in achieving carbon neutrality in Russia. The range of estimates of Russia’s forests’ net carbon balance in different studies varies by up to 7 times. The. A comparison of Russia’s National GHG inventory data for 2023 and 2024 (with the latter showing 37% higher forest sequestration) is presented and explained. The possible changes in the Long-Term Low-Emission Development Strategy of Russia (LT LEDS) carbon neutrality scenario due to new land use, land use change and forestry (LULUCF) data in National GHG Inventory Document (NID) 2024 are discussed. It is demonstrated that the refined net carbon balance should not impact the mitigation ambition in the Russian forestry sector. An assessment of changes in the drafts of the Operational plan of the LT LEDS is presented and it is concluded that its structure and content have significantly improved; however, a delay in operationalization nullifies efforts. The article highlights the problem of GHG emissions increases in forest fires and compares the gap between official “ground-based” and Remote Sensing approaches in calculations of such emissions. Considering the intention to increase net absorption by implementing forest carbon projects, the latest changes in the regulations of such projects are discussed. The limitations of reforestation carbon projects in Russia are provided. Proposals are presented for the development of the national forest policy towards increasing the net forest carbon absorption, including considering the projected decrease in annual net absorption by Russian forests by 2050. The role of government and private investment in improving the forest management of structural measures to adapt forestry to modern climate change and the place of forest climate projects need to be clearly defined in the LT LEDS. Full article

In order to fulfill the commitment to the “dual carbon goal” at an early date, China has implemented a series of carbon control policies. However, the actual impact of these policy combinations on green innovation in Chinese cities remains unknown. Taking the implementation of the low-carbon pilot policy (LCP) and the carbon emission trading pilot policy (CET) as the research opportunity, this paper uses panel data from 276 prefecture-level cities and a multiple-period difference-in-differences (DID) model to explore the impact of carbon control policy combination on green innovation in China and their mechanisms. The results indicate the following: A single LCP or CET can significantly boost green innovation. However, the impact of cross-tool carbon control policy combination on green innovation is notably greater than that of a single policy, with a trend of increasing effectiveness over time. Even after a series of robustness tests, this conclusion remains valid. Heterogeneity analysis shows that the promotion effect is more significant in the eastern region and high-level administrative cities. The policy combination incentivizes green innovation through fiscal technology expenditure and public environmental awareness, focusing more on fostering strategic green innovation. Consequently, the Chinese government should tailor policy combinations to specific contexts, expand their implementation judiciously, and consistently drive forward green innovation. Full article

Green public procurement (GPP) is a pivotal policy instrument for advancing urban low-carbon transitions. Using panel data from 285 Chinese cities (2015–2023), this study employs a panel fixed-effects model, mediation analysis, and spatial Durbin model to assess the impact, influencing mechanisms, and spatial spillover effects of GPP on urban carbon emissions intensity. The key findings reveal the following: (1) a 1% increase in GPP implementation is associated with a 1.360% reduction in local urban carbon emissions intensity. (2) GPP reduces urban carbon emissions intensity through urban green innovation, corporate sustainability performance, and public ecological awareness. (3) GPP exhibits significant cross-boundary spillovers, where a 1% reduction in local carbon emissions intensity induced by GPP leads to a 14.510% decline in that in neighboring cities. These results provide robust empirical evidence for integrating GPP into the urban climate governance framework. Furthermore, our findings offer practical insights for optimizing the implementation of GPP policies and strengthen regional cooperation in carbon reduction. Full article