Search Results (4)

Recently, legislative acts on the protection of the green belt have been increasingly adopted in various states. Using the legislation examples of the United Kingdom, the Canadian province of Ontario, and Russia, we have identified public relations that can be the subject of regulation of such legislation. Based on the analysis of typical legal conflicts, the problem areas which need the most attention of the legislator have been identified. The methods of differentiation of the legal regime for various areas within the green belt are investigated, taking into account their geographical features and specific management goals. The most promising areas for legal regulation that require the increased attention of legislators speak to the establishment of the procedures and criteria for excluding land plots from the green belt, the regulation of village development processes within the green belt, the establishment of a comprehensive list of agricultural types of permitted use, and the establishment of the procedure for the development of specialized plans or strategies for the use and protection of the green belt. The article offers solutions to these issues. The methodology of comparative law, including the functional method, was used in the study. Full article

Ecological environment restoration has become an important strategy for the high-quality development of the Yangtze River Economic Belt, and green finance is indispensable to supporting industrial transformation and green innovation. It is of great importance to clarify the internal relationship between green finance and ecological resilience construction. This paper introduces the concept of resilience into the field of ecological construction and constructs an ecological resilience index system from three dimensions of “resistance-adaptability-resilience”. On this basis, it focuses on the different aspects of green finance, such as green credit, green securities, green investment, green insurance, etc., and examines the role of green financial development on the ecological resilience of the Yangtze River Economic Belt. The results of the study showed that (1) during the study period, the overall ecological resilience level of the Yangtze River Economic Belt improved significantly and there were significant differences in the ecological resilience of the economic belts but such spatial differences are converging; (2) green insurance has a significant positive influence on ecological resilience, while green credit, green securities, and green investment have a significant negative influence on ecological resilience; (3) green credit and green securities have a significant positive effect on the resistance to ecological resilience, green credit and green investment inhibit the adaptability of ecological resilience, and green insurance significantly improves the resilience of ecological resilience. Green financial policies should be further optimized, and innovative all-round and multi-level products and services should be provided. It is necessary to leverage social capital to promote green transformation and technological innovation in high-pollution industries. By combining resource endowment and location advantages, we can explore the benign interaction between green finance and ecological civilization construction. Full article

Finance is the blood of the economy, and energy is the foundation and source of power for economic and social development. It is crucial to the prosperity and development of the country, the improvement of people’s lives and the long-term stability of society. It is a booster for the implementation of the concept of green development and the realization of high-quality economic development (HQED). Based on the panel data of 11 provinces and cities in the Yangtze River Economic Belt from 2007 to 2019, this paper selects green investment and carbon emission intensity as green financial values and calculates energy development indicators from the three dimensions of energy supply, energy consumption and energy efficiency. The three dimensions of development capability, high-quality development structure and high-quality development benefit are used to construct an indicator system for high-quality economic development, and the spatial Durbin model is selected to study the spatial effects of green finance and energy development on high-quality economic development. At the same time, the mediation effect model is used to test whether there is a mediation effect in the development of green finance on high-quality economic development. The results show that: green finance has a significant positive impact on high-quality economic development, and the spatial spillover effect is not significant; energy development has a significant positive impact on high-quality economic development, and the spatial spillover effect is significantly negative; the interaction term between green finance and energy development has a significant negative impact on high-quality economic development, and the spatial spillover effect is not significant and green finance plays a partial intermediary role in the process of energy development promoting high-quality economic development. Existing research considers less of the impact of green finance on high-quality development. On the one hand, the research in this paper can theoretically supplement and improve existing research and expand the research field; on the other hand, it can provide a policy basis for the realization of high-quality development in the region, which has important practical significance for the realization of sustainable development goals in the region. Full article

Innovation and globalization fosters a tendency towards multiparty collaboration and strategic contacts among nations. A similar path was followed by the Chinese administration in 2013, with its “Belt and Road Initiative” (BRI). The most important objective of the present fact-finding study was to demonstrate the links between economic growth, energy consumption, urbanization, gross fixed capital formation, trade openness, financial development and carbon emissions (ecological degradation) from a panel of 47 BRI economies, over a time span of 1980 to 2016. Dynamic panel estimations (dynamic ordinary least square (DOLS) and fully modified ordinary least square (FMOLS)) were engaged to examine the long-run links between the subjected variables. Synchronized outcomes for the full panel show that energy consumption, gross fixed capital formation, economic growth, financial development, and urbanization unfavorably led to environmental degradation (CO₂ emissions). However, trade openness is negatively correlated with emissions. Furthermore, pairwise panel Granger causative estimations justified bi-directional links from all regressors towards CO₂ emissions, except for trade openness, which had unidirectional ties with environmental quality. In cross-country, long-run assessments, different results were found, with CO₂ emissions being greatly increased by economic growth in all countries and energy consumption in 30 countries; other predictors testified to some mixed interactions with CO₂ emissions in the country-level examination. The reported investigation provides some noteworthy guiding principles and policy inferences aimed at governments and ecological supervisory administrations, suggesting assertive moves towards truncated used of carbon fossil fuels and dependency on renewable energy, establishing waste and water treatment plants, familiarizing themselves with the concept of a green economy, and making the general public aware of eco-friendly investments in BRI economies. Full article