Search Results (3,290)

Industrial tree plantations (ITPs) are increasingly recognized as a sustainable response to deforestation and the decline in native wood resources in the Philippines. This study presents LUNTIAN (Labor, UNiversity, Timber Investment, and Agent-based Nexus), an agent-based model that simulates an experimental ITP operation within a mountain forest managed by University of the Philippines Los Baños. The model integrates biophysical processes—such as tree growth, hydrology, and stand dynamics—with socio-economic components such as investment decision making based on risk preferences, employment allocation influenced by local labor availability, and informal harvesting behavior driven by job scarcity. These are complemented by institutional enforcement mechanisms such as forest patrolling, reflecting the complex interplay between financial incentives and rule compliance. To assess the model’s validity, its outputs were compared to those of the 3PG forest growth model, with results demonstrating alignment in growth trends and spatial distributions, thereby supporting LUNTIAN’s potential to represent key ecological dynamics. Sensitivity analysis identified investor earnings share and community member count as significant factors influencing net earnings and management costs. Parameter calibration using the Non-dominated Sorting Genetic Algorithm yielded an optimal configuration that ensured profitability for resource managers, investors, and community-hired laborers while minimizing unauthorized independent harvesting. Notably, even with continuous harvesting during a 17-year rotation, the final tree population increased by 55%. These findings illustrate the potential of LUNTIAN to support the exploration of sustainable ITP management strategies in the Philippines by offering a robust framework for analyzing complex social–ecological interactions. Full article

In the current era, Indian agriculture faces a significant demand for increased food production, which has led to the integration of advanced technologies to enhance efficiency and productivity. Drones have emerged as transformative tools for enhancing precision agriculture, reducing costs, and improving sustainability. This study provides a comprehensive review of drone adoption in Indian agriculture by examining its effects on precision farming, crop monitoring, and pesticide application. This research evaluates technological advancements, regulatory frameworks, infrastructure, farmers’ perceptions, and the financial accessibility of drone technology in the Indian agricultural context. Key findings indicate that, while drone adoption enhances efficiency and sustainability, challenges such as high costs, lack of training, and regulatory barriers hinder widespread implementation. This paper also explores the growing market for agricultural drones in India, highlighting key industry players and projected market growth. Furthermore, it addresses regional differences in adoption rates and emphasizes the increasing social acceptance of drones among Indian farmers. To bridge the gap between potential and practice, the study proposes several policy and institutional recommendations, including government-led financial incentives, training programs, and public–private partnerships to facilitate drone integration. Moreover, this review article also highlights technological advancements, such as AI and IoT, in agriculture. Finally, open issues and future research directions for drones are discussed. Full article

Digitalization is rapidly reshaping the global construction industry; however, its adoption in developing countries, such as Pakistan, remains limited and uneven. Hence, this study investigates and evaluates the current status of digital technology integration in Pakistan’s construction industry, with a primary focus on key tools, implementation challenges, and necessary policy interventions. Using a three-phase mixed-method approach involving a literature review, expert interviews, and a nationwide survey, this research identifies Building Information Modeling, Geographic Information Systems, and E-Procurement as essential technologies with strong potential to improve transparency, efficiency, and collaboration. However, adoption is hindered by a lack of awareness, limited technical expertise, and the absence of a cohesive national policy. This study also highlights that the private sector shows greater readiness compared to the public sector; however, systemic barriers persist across both sectors. Based on stakeholder insights, a three-part policy strategy was also proposed. This includes establishing a national regulatory framework, investing in capacity-building programs, and providing financial or institutional incentives to encourage the adoption of these measures. The findings emphasize that digitalization is not just a technical upgrade; it represents a pathway to improved governance and more efficient infrastructure delivery. With timely and coordinated policy action, the construction industry in Pakistan can align itself with global innovation trends and move toward a more sustainable and digitally empowered future. Full article

Modern beef cattle reproductive management faces increasing challenges due to the growing global demand for beef. Reproductive efficiency is a critical factor determining the productivity and profitability of beef cattle operations. Optimal reproductive performance in a beef cattle herd is achieved when each cow produces one calf per year, maintaining a calving interval of 365 days. However, this goal is difficult to achieve, as the gestation period in beef cows lasts approximately 280 days, leaving only 80–85 days for successful conception. Traditional methods, such as visual estrus detection, are becoming increasingly unreliable due to expanding herd sizes and the subjectivity of visual observation. Additionally, silent estrus—where ovulation occurs without noticeable behavioral changes—further complicates the accurate estrous-based identification of the optimal insemination period. To enhance reproductive efficiency, advanced technologies are increasingly being integrated into cattle management. Sensor-based monitoring systems, including accelerometers, pedometers, and ruminoreticular boluses, enable the precise tracking of activity changes associated with the estrous cycle. Furthermore, infrared thermography offers a non-invasive method for detecting body temperature fluctuations, allowing for more accurate estrus identification and optimized timing of insemination. The use of these innovative technologies has the potential to significantly improve reproductive efficiency in beef cattle herds and contribute to overall farm productivity and sustainability. The objective of this review is to examine advancements in smart technologies applied to beef cattle reproductive management, presenting commercially available technologies and recent scientific studies on innovative systems. The focus is on sensor-based monitoring systems and infrared thermography for optimizing reproduction. Additionally, the challenges associated with these technologies and their potential to enhance reproductive efficiency and sustainability in the beef cattle industry are discussed. Despite the benefits of advanced technologies, their implementation in cattle farms is hindered by financial and technical challenges. High initial investment costs and the complexity of data analysis may limit their adoption, particularly in small and medium-sized farms. However, the continuous development of these technologies and their adaptation to farmers’ needs may significantly contribute to more efficient and sustainable reproductive management in beef cattle production. Full article

This study explores whether sustainability achievements—proxied through ESG (environmental, social, and governance) reporting—are associated with superior financial performance in Latvia’s manufacturing sector, where ESG maturity remains low and institutional readiness is still emerging. Building on stakeholder, legitimacy, signal, slack resources, and agency theories, this study applies a mixed-method approach (that consists of two analytical stages) suited to the limited availability and reliability of ESG-related data in the Latvian manufacturing sector. Financial indicators from three large firms—AS MADARA COSMETICS, AS Latvijas Finieris, and AS Valmiera Glass Grupa—are compared with industry averages over the 2019–2023 period using independent sample T-tests. ESG integration is evaluated through a six-stage conceptual schema ranging from symbolic compliance to performance-driven sustainability. The results show that AS MADARA COSMETICS, which demonstrates advanced ESG integration aligned with international standards, significantly outperforms its industry in all profitability metrics. In contrast, the other two companies remain at earlier ESG maturity stages and show weaker financial performance, with sustainability disclosures limited to general statements and outdated indicators. These findings support the synergy hypothesis in contexts where sustainability is internalized and operationalized, while also highlighting structural constraints—such as resource scarcity and fragmented data—that may limit ESG-financial alignment in post-transition economies. This study offers practical guidance for firms seeking competitive advantage through strategic ESG integration and recommends policy actions to enhance ESG transparency and performance in Latvia, including performance-based reporting mandates, ESG data infrastructure, and regulatory alignment with EU directives. These insights contribute to the growing empirical literature on ESG effectiveness under constrained institutional and economic conditions. Full article

This pilot study investigated an automated pilot plant for removing microplastics (MPs) from industrial wastewater that are generated during packaging production. MP removal is based on organosilane-induced agglomeration-fixation (clump & skim technology) followed by separation. The wastewater had high MP loads (1725 ± 377 mg/L; 673 ± 183 million particles/L) and an average COD of 7570 ± 1339 mg/L. Over 25 continuous test runs, the system achieved consistent performance, removing an average of 97.4% of MPs by mass and 99.1% by particle count, while reducing the COD by 78.8%. Projected over a year, this equates to preventing 1.7 tons of MPs and 6 tons of COD from entering the sewage system. Turbidity and photometric TSS measurements proved useful for process control. The approach supports water reuse—with water savings up to 80%—and allows recovery of agglomerates for recycling and reuse. Targeting pollutant removal upstream at the source provides multiple financial and environmental benefits, including lower overall energy demands, higher removal efficiencies, and process water reuse. This provides financial and environmental incentives for industries to implement sustainable solutions for pollutants and microplastic removal. Full article

Nowadays, the circular economy is driving the construction industry towards greater sustainability for both environmental and financial purposes. One prominent area of research with significant contributions to circular economy is the reuse of steel from decommissioned structures in new construction projects. This approach is deemed far more efficient than ordinary steel recycling, due to the fact that it contributes towards reducing both the cost of the new project and the associated carbon emissions. Along these lines, the feasibility of utilizing steel wind turbine towers (WTTs) as part of a new structure is investigated herein, considering that wind turbines are decommissioned after a nominal life of approximately 25 years due to fatigue limitations. General principles of structural steel reuse are first presented in a systematic manner, followed by two case studies. Realistic data about the geometry and cross-sections of previous generation models of WTTs were obtained from the Greek Center for Renewable Energy Sources and Savings (CRES), including drawings and photographic material from their demonstrative wind farm in the area of Keratea. A specific wind turbine was selected that is about to exceed its life expectancy and will soon be decommissioned. Two alternative applications for the reuse of the tower were proposed and analyzed, with emphasis on the structural aspects. One deals with the use of parts of the tower as a small-span pedestrian bridge, while the second addresses the transformation of a tower section into a water storage tank. Several decision factors have contributed to the selection of these two reuse scenarios, including, amongst others, the geometric compatibility of the decommissioned wind turbine tower with the proposed applications, engineering intuition about the tower having adequate strength for its new role, the potential to minimize fatigue loads in the reused state, the minimization of cutting and joining processes as much as possible to restrain further CO₂ emissions, reduction in waste material, the societal contribution of the potential reuse applications, etc. The two examples are briefly presented, aiming to demonstrate the concept and feasibility at the preliminary design level, highlighting the potential of decommissioned WTTs to find proper use for their future life. Full article

In recent years, growing concerns over environmental degradation and deepening awareness of the necessity of sustainable development have propelled green and low-carbon energy transition into a focal issue for both academia and policymakers. By decomposing energy transition into the transformation of energy structure and the upgrading of energy efficiency, this study investigates the impact and mechanisms of green finance on energy transition across 30 provinces (municipalities and autonomous regions) in China, with the exception of Tibet. In addition, the impact of climate change is incorporated into the analytical framework. Empirical results demonstrate that green finance development significantly accelerates energy transition, a conclusion robust to rigorous validation. Analysis of the mechanism shows that green finance promotes energy transition through the facilitation of technological innovation and the upgrade of industrial structures. Moreover, empirical evidence reveals that climate change undermines the promotional influence of sustainable finance on energy system transformation. The magnitude of this suppression varies nonlinearly across provincial jurisdictions with differing energy transition progress. Regional heterogeneity analyses further uncover marked discrepancies in climate–finance interactions, demonstrating amplified effects in coastal economic hubs, underdeveloped western provinces, and regions with mature eco-financial markets. According to these findings, actionable policy suggestions are put forward to strengthen green finance and accelerate energy transition. Full article

Using waste biomass as a raw material for the combined production of electricity and heat offers corresponding energy, economic, environmental and resource efficiency benefits. The study examines both the performance of a system for combined energy production based on the Organic Rankine Cycle (ORC) utilizing wood biomass and the market interest in its deployment within Bulgaria. Its objective is to propose a technically and economically viable solution for the recovery of waste biomass through the combined production of electricity and heat while simultaneously assessing the readiness of industrial and municipal sectors to adopt such systems. The cogeneration plant incorporates an ORC module enhanced with three additional economizers that capture residual heat from flue gases. Operating on 2 t/h of biomass, the system delivers 1156 kW of electric power and 3660 kW of thermal energy, recovering an additional 2664 kW of heat. The overall energy efficiency reaches 85%, with projected annual revenues exceeding EUR 600,000 and a reduction in carbon dioxide emissions of over 5800 t/yr. These indicators can be achieved through optimal installation and operation. When operating at a reduced load, however, the specific fuel consumption increases and the overall efficiency of the installation decreases. The marketing survey results indicate that 75% of respondents express interest in adopting such technologies, contingent upon the availability of financial incentives. The strongest demand is observed for systems with capacities up to 1000 kW. However, significant barriers remain, including high initial investment costs and uneven access to raw materials. The findings confirm that the developed system offers a technologically robust, environmentally efficient and market-relevant solution, aligned with the goals of energy independence, sustainability and the transition to a low-carbon economy. Full article

This study investigates the predictive performance of financial indicators in forecasting stock prices within the automotive sector using an adaptive neuro-fuzzy inference system (ANFIS). In light of the growing complexity of global financial markets and the increasing demand for automated, data-driven forecasting models, this research aims to identify those financial ratios that most accurately reflect price dynamics in this specific industry. The model incorporates four widely used financial indicators, return on assets (ROA), return on equity (ROE), earnings per share (EPS), and profit margin (PM), as inputs. The analysis is based on real financial and market data from automotive companies, and model performance was assessed using RMSE, nRMSE, and confidence intervals. The results indicate that the full model, including all four indicators, achieved the highest accuracy and prediction stability, while the exclusion of ROA or ROE significantly deteriorated model performance. These findings challenge the weak-form efficiency hypothesis and underscore the relevance of firm-level fundamentals in stock price formation. This study’s sector-specific approach highlights the importance of tailoring predictive models to industry characteristics, offering implications for both financial modeling and investment strategies. Future research directions include expanding the indicator set, increasing the sample size, and testing the model across additional industry domains. Full article

The green transformation of traditional energy structures and the development of the new energy industry are crucial drivers of sustainable development in the country. The ASEAN Plan of Action for Energy Cooperation (2016–2025; APAEC [2016–2025]), established in 2016, has significantly promoted the growth of the new energy sector and enhanced energy structures across Association of Southeast Asian Nations (ASEAN). This initiative has also inspired these countries to develop corresponding industrial policies aimed at supporting the new energy vehicle (NEV) industry, resulting in significant growth in this sector within the ASEAN region. This paper analyzes the factors influencing the development of the NEV industry in the context of ASEAN’s new energy policies, drawing empirical insights from data collected across six ASEAN countries from 2013 to 2024. Following the implementation of the APAEC (2016–2025), it was observed that ASEAN countries reached a consensus on energy development and cooperation, collaboratively advancing the NEV industry through regional policies. Furthermore, factors such as national governance, financial development, education levels, and the size of the automotive market positively contribute to the growth of the NEV industry in ASEAN. Conversely, high energy consumption can hinder its progress. Additionally, further research indicates that the APAEC (2016–2025) has exerted a more pronounced impact on countries with robust automotive industry foundations or those prioritizing relevant policies. The findings of this paper offer valuable insights for ASEAN countries in the formulating policies for the NEV industry, optimizing energy structures, and achieving low-carbon energy transition and sustainable development. Full article

Based on a comprehensive review of the current research status of ecological compensation both domestically and internationally, combined with field survey data, this study delves into the issue of multi-stakeholder participation in the ecological compensation mechanisms of the Xin’an River Basin. This research reveals that the joint participation of multiple stakeholders is crucial to achieving the goals of ecological compensation in river basins. The government plays a significant role in macro-guidance, financial support, policy guarantees, supervision, and management. It promotes the comprehensive implementation of ecological environmental protection by formulating relevant laws and regulations, guiding the public to participate in ecological conservation, and supervising and punishing pollution behaviors. The public, serving as the main force, forms strong awareness and behavioral habits of ecological protection through active participation in environmental protection, monitoring, and feedback. As participants, enterprises contribute to industrial transformation and green development by improving resource utilization efficiency, reducing pollution emissions, promoting green industries, and participating in ecological restoration projects. Scientific research institutions, as technology enablers, have effectively enhanced governance efficiency through technological research and innovation, ecosystem value accounting to provide decision-making support, and public education. Social organizations, as facilitators, have injected vitality and innovation into watershed governance by extensively mobilizing social forces and building multi-party collaboration platforms. Communities, as supporters, have transformed ecological value into economic benefits by developing characteristic industries such as eco-agriculture and eco-tourism. Based on the above findings, further recommendations are proposed to mobilize the enthusiasm of upstream communities and encourage their participation in ecological compensation, promote the market-oriented operation of ecological compensation mechanisms, strengthen cross-regional cooperation to establish joint mechanisms, enhance supervision and evaluation, and establish a sound benefit-sharing mechanism. These recommendations provide theoretical support and practical references for ecological compensation worldwide. Full article

Evaluating the renewable energy potential, such as that of solar photovoltaics (PV), is important for developing renewable energy policies. This study investigated rooftop solar PV potential in Thailand based on open-source geographic information system (GIS) building footprints, solar PV power output, and the most recent land use data (2022). GIS-based overlay analysis, buffering, fishnet modeling, and spatial join operations were applied to assess rooftop availability across various building types, taking into account PV module installation parameters and optimal panel orientation. Economic feasibility and sensitivity analyses were conducted using standard economic metrics, including net present value (NPV), internal rate of return (IRR), payback period, and benefit–cost ratio (BCR). The findings showed a total rooftop solar PV power generation potential of 50.32 TWh/year, equivalent to 25.5% of Thailand’s total electricity demand in 2022. The Central region contributed the highest potential (19.59 TWh/year, 38.94%), followed by the Northeastern (10.49 TWh/year, 20.84%), Eastern (8.16 TWh/year, 16.22%), Northern (8.09 TWh/year, 16.09%), and Southern regions (3.99 TWh/year, 7.92%). Both commercial and industrial sectors reflect the financial viability of rooftop PV installations and significantly contribute to the overall energy output. These results demonstrate the importance of incorporating rooftop solar PV in renewable energy policy development in regions with similar data infrastructure, particularly the availability of detailed and standardized land use data for building type classification. Full article

This study uses financial data from 872 Chinese listed companies (2018–2022). It tests the triple dividend effect and threshold effect of China’s environmental protection tax (EPT) using high-dimensional fixed effects models and panel threshold models. We document that (1) EPT creates an environmental dividend for Chinese listed companies. It significantly reduces pollution emissions. A 1-unit tax increase reduces LnTPPE by 2.5%. (2) EPT creates a significant innovation dividend. It forces enterprises to improve the quality of authorized patents. A 1-unit tax increase raises patent technological complexity by 0.79%. (3) EPT creates an economic dividend. It significantly improves firm performance. A 1-unit tax increase raises relative corporate revenue by 38.1%. (4) EPT exerts significant threshold effects on micro-level triple dividend outcomes among Chinese listed companies. A heterogeneity analysis shows significant differences in threshold effects between non-heavily polluting and heavily polluting industries. This study confirms that China’s EPT generates a micro-level triple dividend effect alongside coexisting threshold effects for listed companies. This provides literature references for China to design and implement differentiated policies and offers a quantitative empirical case for implementing globally sustainable EPT strategies. Full article

This study investigates the influence of corporate governance on reducing financial statement fraud (FSF) in Jordanian service and industrial companies listed on the Amman Stock Exchange from 2018 to 2022. To achieve this, the study employed the Beneish M-score model to assess the likelihood of FSF and logistic regression to examine the influence of corporate governance structure on fraud mitigation. The study identified 13 independent variables, including board size, board director’s independence, board director’s compensation, non-duality of CEO and chairman positions, board diversity, audit committee size, audit committee accounting background, number of annual audit committee meetings, external audit fees, board family business, the presence of women on the board of directors, firm size, and market listing on FSF. The study included 74 companies from both sectors—33 from the industrial sector and 41 from the service sector. Primary data was collected from financial statements and other information published in annual reports between 2018 and 2022. The results of the study revealed a total of 295 cases of fraud during the examined period. Out of the 59 companies analyzed, 21.4% demonstrated a low probability of fraud, while the remaining 78.6% (232 observations) showed a high probability of fraud. The results indicate that the following corporate governance factors significantly impact the mitigation of financial statement fraud (FSF): independent board directors, board diversity, audit committee accounting backgrounds, the number of audit committee meetings, family business involvement on the board, and firm characteristics. The study provides several recommendations, highlighting the importance for companies to diversify their boards of directors by incorporating different perspectives and experiences. Full article