Search Results (21)

The depletion of global fish stocks poses a major challenge to sustainable development, particularly in economies where marine resources are critical to livelihoods and food security. In this study, the relationship between economic development and the sustainability of fish stocks is examined using the Environmental Kuznets Curve (EKC). We use panel data from 32 economies between 2002 and 2020 and analyze the fish stock status indicator (EPI_FSS) from the Environmental Performance Index, which captures the proportion of national catches from overfished or collapsed stocks. Using a dynamic panel approach and the generalized method of moments (GMM), we investigate how the human development index (HDI) and other socio-economic factors influence changes in the state of fish stocks. Our results show a statistically significant inverted-U-shaped (∩-shaped) relationship between the HDI and the state of fish stocks, suggesting that the deterioration of fish stocks increases at lower levels of development, but improves beyond a certain threshold. In addition, higher levels of foreign direct investment (FDI), education, and research and development (R&D) spending are associated with better outcomes for fish stocks. These results suggest that while early economic growth may put pressure on marine resources, sustained investment in human capital, innovation, and global integration is critical to promoting long-term marine sustainability. Full article

Purpose: Our study investigates the combined effects of financial technologies (fintech) and the digital economy on sustainable development, considering geopolitical risks as a moderating factor. Origin: While sustainable development is a global imperative, the integrated roles of digital transformation and fintech remain insufficiently explored. Our research addresses this gap by analyzing their impacts on socioeconomic advancement and environmental sustainability across diverse contexts. Methodology: Employing panel data from 30 developed and developing countries between 1990 and 2023, we assess sustainable development using the Environmental Performance Index (EPI) and the Human Development Index (HDI). Independent variables include proxies for the digital economy (e.g., internet usage, mobile subscriptions, and high-tech exports) and fintech (e.g., digital payments, digital currency, and peer-to-peer lending). The Geopolitical Risk Index (GPRI) is used to evaluate the effect of political instability. We apply generalized least squares (GLS) and fixed-effects estimation (within) to ensure robustness. Findings: Our results indicate that digital transformation and fintech significantly foster socioeconomic development and environmental performance, even amidst geopolitical instability. Key variables such as digital payments and internet access show substantial positive impacts, providing valuable insights for policymakers aiming to enhance resilience and sustainability. Contributions: Our article offers a comprehensive evaluation of how the digital economy and fintech jointly influence sustainable development under geopolitical risks, providing a nuanced understanding for policymakers and researchers. Full article

This study aims to measure the productivity and environmental performance of UD. AB, a small-to-medium batik enterprise in Pamekasan Regency, Madura. Productivity measurement was conducted by comparing output in the form of hand-written batik sales, while the inputs used consisted of materials, energy, and labor. The application of the green productivity concept was used to measure the environmental performance of this batik business by calculating the Environmental Performance Indicator (EPI) value for several environmental parameters. The results of calculating the productivity value of UD AB in 2018–2023 show that the highest productivity value was 1.449 in 2022 and the lowest productivity value was 1.266 in 2020. The results of the environmental performance calculation show that the Ph parameter has the largest EPI value of −0.007 and the ammonia parameter has the smallest EPI value of −3.307. The total EPI index value is −5.010, which means that the environmental performance is low. The proposed improvement recommendation to reduce environmental impact is to send liquid waste to the waste treatment plant owned by CV BA, which still has capacity, and to replace chemical dyes with natural dyes derived from plants. Full article

In Kibira National Park, Burundi, socioeconomic and demographic factors lead to environmental performance challenges that impede biodiversity; thus, understanding the impact of these determinants on land use and land cover change is important to address these challenges. In this study, a multivariate analysis of variance (MANOVA) model was used to quantify the impact of socioeconomic and demographic factors on land cover/land use (LCLU) changes using Landsat images captured between 1990 and 2021. In addition, the impact of the environmental performance index (EPI), particularly ecosystem vitality (ECO), on landscape fragmentation was examined using a Spearman correlation analysis. A Pearson correlation analysis and a principal component analysis (PCA) were used to investigate the connections between the indicators of relevance in this study. The results reveal a decrease in forestland from 86.1% to 81.32%, a decrease in water bodies from 0.352% to 0.178%, and a decrease in open land from 2.124% to 1.134%, whereas grassland increased from 11.43% to 17.37% between 1990 and 2021. The landscape fragmentation in the edge density, contagion (CONTAG), largest patch index (LPI), number of patches (NP), and patch density (PD) was reduced in 2011 but increased again from 2016 to 2021, when only the ED fragmentation continued to decrease. The MANOVA results show that the rural population had a significant impact on LCLU changes at the 5% level of significance. Demographic factors significantly contributed to changes in grassland and forestland at a probability of 5%. In addition, moderately significant connections were observed between population growth per year and water and between gross domestic product (GDP) and grassland at the 10% level. ECO issues in ecosystem services (ECSs) were statistically significant for the increased fragmentation metrics, while biodiversity and habitat (BDH) were important for reducing the edge density (ED) at a 5% level of significance. The Pearson correlations showed a substantial positive relationship between the socioeconomic and demographic components, whereas a negative connection was found between the forestland and BDH indicators. These findings are essential for understanding the significant drivers of LCLU changes and the influence of environmental performance on the landscape pattern. Full article

This research explores the complex nexus between sustainable development and green tourism across a representative set of 30 countries. To ensure robustness against potential endogeneity issues, the advanced Generalized Method of Moments (GMM) estimator is utilized for the analysis. Concurrently, key macroeconomic variables such as the GDP per capita, the literacy rate, and the population growth rate, along with environmental performance as captured by the Environmental Performance Index (EPI), are introduced as control variables. The findings reveal a notable positive correlation between sustainable development and green tourism, highlighting the integral role of green tourism in advancing sustainable development. This study also identifies complex associations between sustainable development and the control variables. Positive correlations are observed with the GDP per capita, the literacy rate, and the EPI, while the population growth rate exhibits a negative correlation with sustainable development. The outcomes underline the necessity of integrating sustainable tourism and environmental strategies into the wider discourse on sustainable development. This study provides substantial empirical insights into the multifaceted interplay of economic, social, and environmental factors, offering important implications for policymakers and academics alike. These findings contribute to a deeper understanding of sustainable development determinants and set a robust groundwork for the design of balanced, comprehensive development strategies. Full article

Over the years, Malaysian manufacturers struggled to mitigate the widened gap among the three aspects of TBL performance, e.g., economic, social, and environmental. Although, the economic performance is relatively elevated compared to environmental performance based on environmental performance index (EPI) data reports. Similarly, less than twenty per cent (20%) of manufacturers are ISO14001-certified out of the total registered firms in the 52nd FMM directory. The firms must employ green HRM practices to foster pro-environmental behaviour and support their managers to adopt the environmental management system (EMS) framework to reap the benefits of TBL performance. To resolve these issues, sustainability has become an essential strategy for manufacturers in addressing environmental problems due to consistent ecological awareness among stakeholders that compels firms to adopt EMS and green HRM practices to foster organizational citizenship behaviour for the environment (OCBE) and improve triple bottom line (TBL) performance. This research aimed to investigate the impact of the EMS on TBL performance through green HRM practices and OCBE via a serial mediation approach among ISO14001-certified manufacturing firms. A quantitative methodology was employed based on a positivist paradigm. The sample of 350 respondent firms was randomly targeted via standard questionnaires. Around 248 manufacturers responded with a response rate of 70%, which is sufficient for data analysis. After outliers and normality assessment, the clean data of 216 manufacturers were finally analysed using SmartPLS 4.0. Structural equation modelling (SEM) analysis revealed that EMS is positively related to OCBE, and OCBE is positively associated with TBL. EMS is positively related to green HRM practices, and green HRM practices are positively associated with OCBE. Furthermore, it was confirmed that green HRM practices and OCBE serially mediated the relationship between EMS and TBL performance among ISO14001-certified manufacturing firms. The current study also presents vital organizational and managerial implications. Full article

Do existing public opinion surveys provide valid and reliable measures of attitudes towards environmental sustainability? This question is critical given the importance of public support for achieving sustainability. Starting with 28 survey items about the environment drawn from the World Values Survey Waves 5 and 6 and the 2010 International Social Survey Program, we assessed reliability by checking for significant correlations between similar or identical items on different surveys. Next, to assess validity, we evaluated correlations between survey items and 22 objective environmental indicators drawn from the Environmental Performance Index (EPI). As the level of economic development is a likely confound, we also performed partial correlation analyses controlling for GDP per capita. From the initial 28 items, we identified 23 sufficiently reliable items, but many of these were found to have low predictive power in the validity analysis. Items about air and water pollution were valid predictors of objective environmental conditions in these areas. Items asking about the relative importance of environmental problems compared to other social issues were also good positive predictors of progress on perceptible environmental issues. Items asking about general sentiment with no clear referent performed poorly. When controlling for GDP, country-level attitudes were more aligned with country-specific environmental conditions. Finally, nearly half of all EPI indicators were associated with few or no survey items, indicating the existence of ‘blind spots’ in public awareness. Our findings should offer guidance to both survey developers and users, as well as to policy makers responsible for conveying information about environmental sustainability to the wider public. Full article

Achieving a “win–win” situation regarding economic growth and environmental protection has become a common goal for sustainable development in all countries around the world. As the world’s largest developing country and the second largest economy, China has been striving to maintain economic growth while improving environmental quality to achieve its sustainable development goals. Applying the decoupling approach, a model widely used to quantify the relationship between the environment and the economy, this study analyzed the relationship between the economy and the environment, examining the decoupling performance of economic growth and environmental impacts in 30 Chinese provinces, autonomous regions, and municipalities to investigate whether economic growth and environmental protection have achieved a “win–win” situation. Nighttime light (NTL) data were used to measure the performance of economic growth. In addition, an environmental pressure index (EPI) assessment framework covering 6 primary and 11 secondary indicators was constructed to measure the environmental quality of China over time. First, NTL data proved to be a valid data source for assessing decoupling performance; second, environmental pressure at both the national and provincial levels significantly decreased during the study period; third, the relationship between the economy and the environment has been further improved, and economic growth and environmental protection have achieved a “win–win” situation. These findings offer an in-depth analysis of the decoupling of the economy and the environment in China and serve as a guide for future implementation strategies for sustainable development in various regions. Full article

Worldwide, over half of the global population is living in urban areas. The metropolitan areas are highly populated and environmentally non-green regions on the planet. In green space regions, plants, grass, and green vegetation prevent soil erosion, absorb air pollutants, provide fresh and clean air, and minimize the burden of diseases. Presently, the entire world is facing a turmoil situation due to the COVID-19 pandemic. This study investigates the effect of the green space environment on air pollutants particulate matter PM2.5, PM10, carbon monoxide (CO), ozone (O₃), incidence and mortality of Severe Acute Respiratory Syndrome Coronavirus (SARS-CoV-2) in environmentally highly green and less-green countries. We randomly selected 17 countries based on the Environmental Performance Index (EPI) data. The 60% of the EPI score is based on seven categories: “biodiversity and habitat, ecosystem, fisheries, climate change, pollution emissions, agriculture, and water resources”. However, 40% of the score is based on four categories: “air quality, sanitation and drinking water, heavy metals, and waste management”. The air pollutants and SARS-CoV-2 cases and deaths were recorded from 25 January 2020, to 11 July 2021. The air pollutants “PM2.5, PM10, CO, and O₃” were recorded from the metrological websites, Air Quality Index-AQI, 2021. The COVID-19 daily cases and deaths were obtained from the World Health Organization. The result reveals that air pollutants mean values for PM2.5 110.73 ± 1.09 vs. 31.35 ± 0.29; PM10 80.43 ± 1.11 vs. 17.78 ± 0.15; CO 7.92 ± 0.14 vs. 2.35 ± 0.03 were significantly decreased (p < 0.0001) in environmentally highly green space countries compared to less-green countries. Moreover, SARS-CoV-2 cases 15,713.61 ± 702.42 vs. 3445.59 ± 108.09; and deaths 297.56 ± 11.27 vs. 72.54 ± 2.61 were also significantly decreased in highly green countries compared to less-green countries. The green environment positively impacts human wellbeing. The policymakers must implement policies to keep the living areas, surroundings, towns, and cities clean and green to minimize air pollution and combat the present pandemic of COVID-19. Full article

There is an increasing pressure by the community and customers forcing companies to insert environmental concerns in their practices. To help companies initiatives, the green bonds market was created. Our research question is “How to select bonds in a growing billion-dollar market?” This paper presents a multi-criteria decision analysis (MCDA) model to enable investors identify opportunities based not only in opinions, but grounded on objective facts. Analytic hierarchy process (AHP), complex proportional assessment (COPRAS), full consistency method (FUCOM), step-wise Weights Assessment Ratio Analysis (SWARA), and technique of order preference similarity to the ideal solution (TOPSIS) are MCDA methods applied in this paper. Top-fifteen green bonds ranked by specialized media were assessed with the proposed MCDA model. Criteria included the Environmental Performance Index (EPI) proposed by Yale University, and common financial indicators as assets, risks ($\beta$), and dividends. The new ranks from MCDA are compared each other and compared with the rank published by specialized media. Full article

There are different studies that point out that the price of electricity is a fundamental factor that will influence the mining decision, due to the cost it represents. There is also an ongoing debate about the pollution generated by cryptocurrency mining, and whether or not the use of renewable energies will solve the problem of its sustainability. In our study, starting from the Environmental Performance Index (EPI), we have considered several determinants of cryptocurrency mining: energy price, how that energy is generated, temperature, legal constraints, human capital, and R&D&I. From this, via linear regression, we recalculated this EPI by including the above factors that affect cryptocurrency mining in a sustainable way. The study determines, once the EPI has been readjusted, that the most sustainable countries to perform cryptocurrency mining are Denmark and Germany. In fact, of the top ten countries eight of them are European (Denmark, Germany, Sweden, Switzerland, Finland, Austria, and the United Kingdom); and the remaining two are Asian (South Korea and Japan). Full article

Every year, news about the publication of rankings and scores of important international indexes are highlighted, with some of the most prestigious being the Global Competitiveness Index (GCI), the Human Development Index (HDI), the Ease of Doing Business (EDB), the Environmental Performance Index (EPI) and the Global Entrepreneurship (GEI). A country’s progression in these indices is associated with economic growth, especially since several empirical studies have found evidence to reinforce these beliefs, the indices having been built based on the scientific literature on economic growth. Building a database on these indices for European Union countries between 2007 and 2017 and using panel data methodologies and then 2SLS (Two-Stage Least Squares) to solve the problem of endogeneity, we verify empirically through panel data estimates, what is the relationship between the mentioned indices and the European Union countries’ economic growth for the period. However, as the European Union is made up of diverse countries with different economic and social realities, we divided the countries into six clusters and made an individual interpretation for each one. We found that human development and competitiveness play an important role in economic growth, and entrepreneurship also impacts this growth. Regarding income distribution, applying the Gini index, we found that only human development mitigates inequalities. Full article

A community with a shared future for mankind embodies the concept of sustainable development. This is also China’s contribution to global governance. Some of the Sustainable Development Goals (such as the elimination of hunger and malnutrition) require countries to implement people-centered overall agricultural transformations, and achieving such agricultural transformations is key to ensuring sustainable agricultural development and shifting agriculture toward a greener and more ecological direction. This paper uses the SBM Directional Distance Function and Malmquist Productivity Index with calculated data from 2000 to 2016. The results show that, since 2000, China’s environmental performance index growth has been slow, with an average annual growth rate of only 0.80%. This growth has gone through three phases: a stable up and down phase, a volatility decrease phase, and a volatility increase phase. In general, agricultural technological advances have played a more visible role in promoting a strong performance in reducing carbon emissions. Agriculture in China is also on the way to becoming more sustainable and green. Full article

Insect meal is gaining increased attention in aquafeed formulations due to high protein content and an essential amino acid profile similar to that of fishmeal. To investigate insect meal in feed for European perch Perca fluviatilis, a promising candidate for European intensive culture, we replaced standard fishmeal with partially defatted black soldier fly Hermetia illucens larva meal at rates of 0%, 20%, 40% and 60% (groups CON, H20, H40 and H60, respectively) and compared growth performance, somatic indices, hematological parameters, whole-body proximate composition and occurrence of spleen lipidosis. In addition, we assessed the economic and environmental sustainability of the tested feeds by calculating economic conversion ratio (ECR) and economic profit index (EPI). The tested groups did not differ in survival rate. Significant differences were documented in final body weight and specific growth rate, with the highest values in CON, H20 and H40. The proximate composition of fish whole-body at the end of the experiment did not differ in dry matter, crude protein or ether extract, while organic matter, ash and gross energy composition showed significant differences. The fatty acid content and n-3/n-6 ratio showed a decreasing trend with increasing H. illucens larva meal inclusion. No differences were found in hematological parameters among tested groups. The H. illucens larva meal inclusion significantly affected ECR and EPI, even at 20% inclusion level the cost of diets did not differ from the control fish meal based diet. Results suggested that 40% inclusion of H. illucens larva meal can be used successfully in standard diets for perch. Full article

The concept of sustainable development (SD) is aimed at ensuring public well-being for the present and future generations. Hundreds of methods have been proposed for assessing and comparing the sustainable development of countries and analyzing their contribution to the future of the world. When applied to resource-based economies (RBEs), assessment tools do not take into account the value and impact of mineral resources on SD indicators. The purpose of the study is to reveal the limitations of applying some tools by taking into consideration the specific features of RBEs. Research methods include a correlation analysis between gross national income (GNI) per capita and aggregated indices (the Sustainable Society Index (SSI), the Human Development Index (HDI), and the Environmental Performance Index (EPI)), a comparative analysis of these indices and mining companies’ performance indicators. Object Eurasian RBEs were selected, but Norway was analyzed separately from the sample. The results of the study show that correlations between GNI per capita and SD indicators are heterogeneous. There is no statistically significant correlation between GNI per capita and SSI, a strong correlation with HDI, and a weak correlation with EPI. The EPI and SSI structures do not reflect the specific features of RBEs. Full article