Search Results (497)

The rapid expansion of the digital economy and advances in artificial intelligence have elevated digital governance to a pivotal role in promoting environmental sustainability. Using data from the China Family Panel Studies, this study constructs a household-level indicator of the digital divide and systematically investigates its effects on household carbon emissions through three key mechanisms: consumption hypersensitivity, green technology adoption, and environmental awareness. The empirical findings demonstrate that the digital divide significantly increases household carbon emissions. Specifically, a one-unit increase in the digital divide is associated with an average rise of approximately 38.6% in household carbon emissions. Importantly, this result remains robust across a range of robustness checks and endogeneity controls. Further mechanism analysis reveals that the digital divide amplifies households’ sensitivity to consumption, diminishes their likelihood of adopting green technologies, and weakens their environmental awareness, thereby leading to an increase in household carbon emissions. Heterogeneity analysis indicates that these negative effects are particularly pronounced in regions with underdeveloped digital inclusive finance, among households headed by middle-aged and older individuals, and within populations with lower educational attainment. Based on these findings, policy initiatives should focus on improving the accessibility and inclusiveness of digital infrastructure, developing tiered frameworks to support green behavioral transformation and capacity building, and strengthening green finance initiatives alongside offline support mechanisms for digitally disadvantaged groups. Together, these measures can help bridge the digital divide and foster a more equitable, inclusive, and sustainable transition toward a low-carbon society. Full article

This study investigates how financial growth connects to regional environmental performance within the framework of policies aimed at reducing carbon emissions. It uses a comprehensive panel dataset covering the period from 2010 to 2024. Although Kazakhstan has set ambitious targets, significant differences in financing levels and institutional development across regions pose substantial obstacles to achieving the target emissions reductions. Employing regional panel data, we use a random-effects model to assess links among banking loans, governmental funding metrics, employment statistics, and pollution measurements. Principal component analysis is utilized to tackle potential collinearity and reveal fundamental patterns. This approach reflects the inherent differences between regions rather than evolutionary shifts. The obtained empirical data demonstrate a significant relationship between high levels of bank loans and reduced carbon emissions. Regions with better access to financial services are better positioned to invest in energy efficiency, green infrastructure, and green innovation. Conversely, increases in regional budgets are associated with rising emissions, as tax revenue growth primarily comes from industries most dependent on fossil fuels. Dependence on the national budget for subsidies exacerbates distortions in regional budgets’ relationship with the regions’ transition to low-carbon development. The findings confirm the importance of regional financial management in determining the path to reducing greenhouse gas emissions. Based on this, it is proposed to transform the mechanism of interbudgetary relations to grant regions greater financial autonomy and to localize credit resources at the regional level to accelerate the transition to a low-carbon economy in Kazakhstan. Full article

Australia’s National Housing Accord aims to deliver 1.2 million new dwellings between mid-2024 and mid-2029, representing 240,000 annual completions—a 37% increase above the 2024 baseline of 175,000. This study employs a comprehensive system dynamics model with 79 equations (10 stocks, 69 auxiliary variables) to analyze whether this target is structurally achievable, given construction industry capacity constraints. The model integrates builder population dynamics, workforce capacity, construction cost inflation, material supply constraints, and financial market conditions across a ten-year simulation horizon (2024.5–2035). Three policy scenarios test the effectiveness of interventions, including capacity expansion (±10–15%), cost inflation management (±15–20%), planning reforms (+5–15% efficiency), and workforce development programs (+1000–4000 annual graduates). Model validation against Australian Bureau of Statistics data from 2015 to 2024 demonstrates strong empirical foundations. Results show that structural capacity constraints—driven by three simultaneous bottlenecks in material supply, workforce availability, and financing—create a supply ceiling of around 180,000–195,000 annual completions. Even under optimistic policy assumptions, the model projects cumulative completions of 880,000–920,000 dwellings over the Accord period, falling 23–27% short of the 1.2 million target. Critical findings include the following: (1) builder insolvencies exceeding entry rates by 15–25% annually under stress conditions, (2) capacity decline trends of 0.6–0.8% per year due to productivity losses, infrastructure bottlenecks, and regulatory burden, (3) system efficiency degradation from 100% to 96% over the projection period, and (4) non-linear capacity utilization, showing saturation above 82% baseline levels. The analysis reveals that demand-side policies cannot overcome supply-side structural limits, suggesting that policymakers must either substantially reduce targets or implement transformative capacity-building interventions beyond current policy contemplation. Full article

Flooding is a recurrent problem in many Brazilian cities, resulting in significant losses that affect health, assets, finance, and the environment. The uncertainty regarding extreme rainfall events due to climate change makes this challenge even more severe, compounded by inadequate urban planning and the occupation of risk areas, particularly for the municipality of Catu, in the state of Bahia, which also suffers from recurrent floods. Critical hotspots include the Santa Rita neighborhood and its surroundings, the main supply center, and the city center—the municipality’s commercial hub. The focus of this research is the unprecedented quantification of the socioeconomic impact of these floods on the low-income population and the region’s informal sector (street vendors). This research focused on analyzing and modeling the destructive potential of intense rainfall in the Santa Rita region (Supply Center) of Catu, Bahia, and its effects on the local economy across different recurrence intervals. A hydrological simulation software suite based on computational and geoprocessing technologies—specifically HEC-RAS 6.4, HEC-HMS 4.11, and QGIS— 3.16 was utilized. Two-dimensional (2D) modeling was applied to assess the flood-prone areas. For the socioeconomic impact assessment, a loss procedure based on linear regression was developed, which correlated the different return periods of extreme events with the potential losses. This methodology, which utilizes validated, indirect data, establishes a replicable framework adaptable to other regions facing similar socioeconomic and drainage challenges. The results revealed that the area becomes impassable during flood events, preventing commercial activities and causing significant economic losses, particularly for local market vendors. The total financial damage for the 100-year extreme event is approximately US $30,000, with the loss model achieving an R² of 0.98. The research concludes that urgent measures are necessary to mitigate flood impacts, particularly as climate change reduces the return period of extreme events. The implementation of adequate infrastructure, informed by the presented risk modeling, and public awareness are essential for reducing vulnerability. Full article

This study examines the environmental implications of energy-intensive cryptocurrency mining activities within the broader sustainability debate surrounding blockchain technologies. Focusing specifically on Bitcoin’s proof-of-work–based mining process, the analysis investigates the long-run relationship between greenhouse gas emissions, network-specific technical variables, and climate policy uncertainty using advanced cointegration and asymmetric causality techniques. The findings reveal a stable long-run association between mining-related activity and emissions, alongside pronounced asymmetries whereby positive shocks amplify environmental pressures more strongly than negative shocks mitigate them. Importantly, these results pertain to the mining process itself rather than to blockchain technology as a whole. While blockchain infrastructures may support sustainable applications in areas such as green finance, transparency, and energy management, the evidence presented here highlights that energy-intensive mining remains a significant environmental concern. Accordingly, the study underscores the need for active regulatory frameworks—such as carbon pricing and the polluter-pays principle—to reconcile the environmental costs of crypto mining with the broader sustainability potential of blockchain-based innovations Full article

The development of energy systems toward a decarbonized economy is increasingly constrained not only by technological challenges, but also by deficiencies in the organization, coordination, and governability of sustainable financing. This study aims to substantiate an integrated conceptual model and a multi-level governance framework for the sustainable financing mechanism of energy system development under decarbonization, ensuring the alignment of financial instruments with transition strategies, performance indicators, and feedback mechanisms. The methodology combines a bibliometric analysis of Scopus-indexed journal publications with an examination of international statistical and analytical data produced by leading global organizations, complemented by systemic, institutional, and comparative analytical approaches. The bibliometric analysis was conducted in 2025 and covered peer-reviewed articles published during 2017–2025, while empirical financial indicators were synthesized for the most recent available period of 2022–2024 using comparable time-series data reported by international institutions. The results indicate that despite global energy investments reaching approximately $3 trillion in 2024—nearly $2 trillion of which was allocated to clean energy technologies—a persistent annual financing gap for climate change mitigation in the energy sector remains. Moreover, to remain consistent with the Net Zero trajectory, investments in clean energy must increase by approximately 1.7 times by 2030. The synthesis of contemporary research and empirical evidence reveals a predominance of studies focused on individual green and transition finance instruments, accompanied by persistent fragmentation between financial flows, governance structures, and measurable decarbonization outcomes. To address this gap, the paper proposes a conceptual model that interprets sustainable finance as a governed system rather than a collection of isolated instruments, together with a multi-level governance framework integrating strategic (policy), sectoral, and project-level decision-making with systems of key performance indicators, monitoring, and feedback. The findings demonstrate that the effectiveness of sustainable financing critically depends on the coherence between financial instruments, governance architectures, and decarbonization objectives, which ultimately determines the capacity to translate mobilized capital into tangible energy infrastructure modernization and measurable emissions reductions. The proposed approach provides a practical foundation for improving energy transition policies and investment strategies at both national and supranational levels. Full article

High-quality development of agricultural enterprises is essential for China’s rural revitalization, yet the institutional conditions that support it remain poorly understood. Drawing on institutional logics and configuration theory, this study adopts a holistic systems perspective to examine how government, market, and social institutions interact to shape enterprise performance. Using provincial data (2013–2023) matched with firm-level data for 119 listed agricultural enterprises, we estimate total factor productivity as the core outcome and apply dynamic fuzzy-set Qualitative Comparative Analysis (dynamic fsQCA) to identify equifinal institutional pathways. The results reveal that high-quality development is an emergent property of complex institutional systems; instead, high-quality development emerges from several distinct configurations combining policy support, marketization, financial development, Agricultural Infrastructure Index, market stability, and urban–rural integration. Two contrasting configurations are associated with non-high-quality development, characterized by financial scarcity and infrastructure deficits or by fragmented policy support under weak regulation. Dynamic analysis further reveals clear temporal and spatial heterogeneity: some market–finance driven paths lose robustness over time, while policy–urbanization and regulation–infrastructure based configurations become increasingly stable. These findings extend institutional configuration research to the agricultural sector, demonstrate the value of dynamic fsQCA for capturing temporal effects, and offer differentiated policy implications for optimizing institutional environments to foster the high-quality development of agricultural enterprises. Full article

The entrepreneurial ecosystem theory posits that regional development emerges from synergistic interactions among entrepreneurs, institutions, and markets. This study positions entrepreneurial vitality as the core catalyst synchronizing digital inclusive finance (DIF) with rural revitalization—two systems often advancing in isolation, leading to unbalanced rural development. Using a coupling coordination degree model and provincial panel data from China (2011–2020), we demonstrate that entrepreneurial vitality significantly strengthens DIF–rural revitalization coupling coordination, following a nonlinear threshold pattern. Coordination gains accelerate only after vitality passes empirically identified critical levels, explaining persistent regional disparities in coupling coordination. Furthermore, the vitality–coordination link is moderated by technological infrastructure, organizational electronic commerce (e-commerce) engagement, and regional economic development, as outlined by the Technology–Organization–Environment framework. Framing DIF as an e-commerce-related ICT input, this paper advances the entrepreneurial ecosystem, e-commerce, and ICT-for-development (ICT4D) literature by revealing the threshold-driven nature of resource coordination in rural contexts. The findings offer a contextualized framework for catalyzing balanced and inclusive rural development in emerging economies. Full article

The goal of this scientific study is to clarify whether and how digital–intelligent integration contributes to urban carbon efficiency and to identify the conditions under which this contribution becomes nonlinear and policy-relevant. Focusing on 39 prefecture-level cities in the middle reaches of the Yellow River Basin during 2011–2022, we adopt an integrated measurement–modelling approach that combines efficiency evaluation, machine-learning interpretation, and dynamic–spatial validation. Specifically, we construct two super-efficiency DEA indicators: an undesirable-output SBM incorporating CO₂ emissions and a conventional super-efficiency CCR index. We then estimate nonlinear city-level relationships using XGBoost and interpret the marginal effects with SHAP, while panel vector autoregression (PVAR) and spatial diagnostics are employed to validate the dynamic responses and spatial dependence. The results show that digital–intelligent integration is positively associated with both carbon-related and conventional efficiency, but its marginal contribution is strongly conditioned by human capital, urbanisation, and environmental regulation, exhibiting threshold-type behaviour and diminishing returns at higher digitalisation levels. Green efficiency reacts more strongly to short-run shocks, whereas conventional efficiency follows a steadier improvement trajectory. Heterogeneity across urban agglomerations and evidence of spatial clustering further suggest that uniform policy packages are unlikely to perform well. These findings highlight the importance of sequencing and policy complementarity: investments in digital infrastructure should be coordinated with institutional and structural measures such as green finance, environmental standards, and industrial upgrading and place-based pilots can help scale effective digital applications toward China’s dual-carbon objectives. The proposed framework is transferable to other regions where the digital–climate nexus is central to smart and sustainable urban development. Full article

In recent years, with the growing intensity of extreme weather events, imbalances in energy supply and demand, and frequent regional conflicts, the stability of our energy systems faces increasing challenges. Against this backdrop, the green innovation ecosystem can optimize the energy system’s structure and operational efficiency by promoting multi-actor interaction and multi-element synergy, thereby enhancing its resilience. Accordingly, this study aims to reveal how the green innovation ecosystem drives improvements in energy resilience (ER) through factor configurations and to identify the pathways leading to high-ER outcomes. To address this, this study constructs a research framework of the “core layer–environmental layer–supporting layer” for the green innovation ecosystem, and selects seven conditional variables, namely dual green innovation, multidimensional environmental regulation, green finance, and digital infrastructure. Based on official Chinese statistics, panel data from 30 provinces were compiled, and the dynamic qualitative comparative analysis (QCA) method was used to analyze how multiple factors interacted from 2016 to 2022 to achieve high ER from a spatiotemporal perspective. The results show that: (1) There is no single necessary condition for achieving high ER. (2) Dual green innovation and public participation in environmental regulation play a universal role in achieving high ER. They are combined with green finance, market-based environmental regulation, and digital infrastructure, forming three configuration pathways for achieving high ER. (3) No significant time effect is observed. (4) Pronounced spatial heterogeneity exists. The eastern region focuses on the green finance-enabled pathway, the central region has a high coverage of all three pathways, and the western region has relatively weak overall adaptability. Based on these findings, this study argues that enhancing ER depends on the coordinated allocation of multiple factors, and there is no single optimal pathway. Policymakers should adopt a configurational mindset and select appropriate combinations of elements in light of regional development conditions to enhance ER. Full article

This study investigates the influence of major regulatory interventions on decentralised finance (DeFi) token markets by conducting an event study of six high-profile announcements issued between 2023 and 2025. The analysis reveals that these interventions primarily lead to risk-sensitive, token-specific price adjustments rather than systemic disruptions across the broader DeFi ecosystem. While enforcement actions trigger asymmetric and delayed volatility effects, legal clarity alone does not stabilise liquidity conditions. Notably, governance and decentralised exchange (DEX) tokens exhibit heightened sensitivity to enforcement actions and policy signals, underscoring the role of protocol function in regulatory risk transmission. These results contribute to the literature on market microstructure in decentralised ecosystems and offer practical insights into liquidity formation, volatility persistence, and differentiated risk management within emerging fintech infrastructures. Full article

The convergence of artificial intelligence (AI), machine learning (ML), blockchain, and big data analytics is transforming the governance, sustainability, and resilience of modern banking ecosystems. This study provides a multivariate bibliometric analysis using Principal Component Analysis (PCA) of research indexed in Scopus and Web of Science to explore how decentralized digital infrastructures and AI-driven analytical capabilities contribute to sustainable financial development, transparent governance, and climate-resilient digital societies. Findings indicate a rapid increase in interdisciplinary work integrating Distributed Ledger Technology (DLT) with large-scale data processing, federated learning, privacy-preserving computation, and intelligent automation—tools that can enhance financial inclusion, regulatory integrity, and environmental risk management. Keyword network analyses reveal blockchain’s growing role in improving data provenance, security, and trust—key governance dimensions for sustainable and resilient financial systems—while AI/ML and big data analytics dominate research on predictive intelligence, ESG-related risk modeling, customer well-being analytics, and real-time decision support for sustainable finance. Comparative analyses show distinct emphases: Web of Science highlights decentralized architectures, consensus mechanisms, and smart contracts relevant to transparent financial governance, whereas Scopus emphasizes customer-centered analytics, natural language processing, and high-throughput data environments supporting inclusive and equitable financial services. Patterns of global collaboration demonstrate strong internationalization, with Europe, China, and the United States emerging as key hubs in shaping sustainable and digitally resilient banking infrastructures. By mapping intellectual, technological, and collaborative structures, this study clarifies how decentralized intelligence—enabled by the fusion of AI/ML, blockchain, and big data—supports secure, scalable, and sustainability-driven financial ecosystems. The results identify critical research pathways for strengthening financial governance, enhancing climate and social resilience, and advancing digital transformation, which contributes to more inclusive, equitable, and sustainable societies. Full article

Background/Objectives: The integration of artificial intelligence (AI) into primary health care (PHC) holds significant potential to enhance efficiency, equity, and clinical decision-making. However, its implementation remains uneven across contexts. This study aimed to identify the systemic, contextual, and governance-related determinants influencing AI readiness in PHC, comparing two distinct health systems, Quebec (Canada) and Iran. Methods: A qualitative, comparative design was employed. Data were collected through semi-structured interviews and focus group discussions with key informants in both settings. A framework-guided content analysis was conducted based on the four Primary Care Evaluation Tool (PCET): stewardship, financing, resource generation, and service delivery. The analysis explored shared context-specific challenges and requirements for AI implementation in PHC. Results: Analysis revealed that AI readiness is shaped more by systemic coherence rather than technological availability alone. Across both contexts, governance- and financing-related challenges were reported by the majority of participants, alongside limited data interoperability. In Quebec, challenges were more commonly articulated around operational and ethical concerns, including workflow integration, transparency, and professional trust. In contrast, participants in Iran emphasized foundational deficiencies in governance stability, financing mechanisms, and digital infrastructure as primary barriers. Across both settings, adaptive governance, sustainable investment, data standardization, and workforce capacity-building consistently emerged as key requirements for AI integration in PHC. Conclusions: AI readiness in PHC is a multidimensional process, in which implementation priorities must align with system maturity. This comparative analysis underscores that while high-resource systems must prioritize ethical integration and workflow alignment, middle-resource settings require foundational investments in governance and infrastructure. This reinforces that AI readiness is a context-dependent and phased process rather than a one-size-fits-all endeavor. Full article

Sustainable transport innovation often faces funding gaps, as traditional public and private sources rarely support early-stage or high-risk initiatives. Crowdfunding, enabled by digital transformation, is emerging as a complementary financing mechanism for this sector. This study presents a literature review combined with bibliometric mapping to examine the evolving research landscape on crowdfunding in transport. Three research questions guide the analysis: RQ1—What are the dominant research areas at the intersection of crowdfunding and transport? RQ2—What types of transport projects are financed via crowdfunding? RQ3—What research gaps and future directions emerge for transport innovation financing? Findings reveal three core research areas: (1) Sustainability and finance, (2) Fintech and blockchain, and (3) Management and consumer behavior. We propose a typology of crowdfunded transport projects comprising five categories: (1) Large-scale transport infrastructure, (2) Sustainable local mobility, (3) Innovative start-ups, (4) New business models, and (5) Advanced systems and technologies. This demonstrates crowdfunding’s versatility beyond traditional infrastructure, supporting high-risk innovations critical for decarbonization and technological transformation. The study highlights domain-specific challenges—such as integrating PPP models with digital finance and ensuring investor protection—and emphasizes crowdfunding’s role as an enabler of low-carbon transition aligned with global climate strategies (EU Green Deal, SDGs). Despite its potential, investor safety remains a major concern. Policy implications include sandbox regulation, standardized risk assessment, and operationalizing PPP–crowdfunding hybrids to unlock large-scale and innovative transport projects. Full article

Green fintech merges sustainable finance with data-intensive innovation, but national translations of EU rules can create regulatory risk. This study examines how such risk manifests in Central Europe and which policy tools mitigate it. We develop a three-dimension framework—regulatory clarity and scope, supervisory consistency, and innovation facilitation—and apply a comparative qualitative design to Hungary, Slovakia, Czechia, and Poland. Using a common EU baseline, we compile coded national snapshots from primary legal texts, supervisory documents, and recent scholarship. Results show material cross-country variation in labelling practice, soft-law use, and testing infrastructure: Hungary combines central-bank green programmes with an innovation hub/sandbox; Slovakia aligns with ESMA and runs hub/sandbox, though the green-fintech pipeline is nascent; Czechia applies a principles-based safe harbour and lacks a national sandbox; and Poland relies on a virtual sandbox and binding interpretations with limited soft law. These choices shape approval timelines, retail penetration, and cross-border portability of green-labelled products. We conclude with a policy toolkit: labelling convergence or explicit safe harbours, a cross-border sandbox federation, ESRS/ESAP-ready proportionate disclosures, consolidation of recurring interpretations into soft law, investment in suptech for green-claims analytics, and inclusion metrics in sandbox selection. Full article