Journal of Environmental Science and Economics

Review on Valuation of Environmental Amenity and Pollution

Mekuannet Worku Tefera — 2024-04-23

The importance of enhancing environmental quality to promote economic development by improving societal well-being and sustainable development on quality of environment have attracted significant attention from researchers in recent years. The focus has been on creating pleasing environments and establishing economic value for such quality improvements in both developed and developing nations. This goes beyond designing the most suitable regulatory instruments; it also involves ensuring the quality of supporting regulatory institutions and their capacity. Although it's evident that human activities significantly impact on health of the environment by emitting pollution, decision-makers find it challenging to grasp the effects of environmental quality and make decisions regarding it due to limited information about the value of environmental conditions (i.e. amenity services and pollution) and their interactions. This paper reviews various studies on the economic valuation of environmental conditions and pollution, the relationship between environmental pollution and amenity services, and the factors influencing the improvement of environmental conditions (including socio-economic variables). The evidence from these studies indicates a causal link between pollution levels in the environment and environmental amenities, and consequently, economic performance.

Bangladesh towards green growth: a review of environmental sustainability indicators

Rony Kumar Datta — 2024-05-10

Pursuing green growth is crucial for Bangladesh to transition from an unsustainable economic trajectory to a more sustainable and inclusive one. Bangladesh is picked for this study because of impending and severe economic and environmental threats. This study intends to review the present scenario of various environmental sustainability-related indicators in Bangladesh, focusing on renewable energy consumption, freshwater resources, water productivity, CO2 emissions, energy intensity, air pollution, and natural resource rents. The World Bank database has been utilized to obtain secondary time series data of Bangladesh spanning from 2000 to 2020. As a descriptive study, cross-sectional and observational research methods as well as descriptive statistics and figures are used to elucidate the secondary data. Data demonstrate that Bangladesh now generates 41.16% of its energy from renewables, despite considerable variability. Regardless of the variation in freshwater availability, averaging at 708.19 cubic meters per capita, efficient water productivity remains consistent, indicating a robust water management system. The country demonstrates a relatively low carbon footprint, emitting 0.35 metric tons of CO2 per capita, alongside varying energy intensity levels, highlighting the need for enhanced efficiency measures. While pervasive PM2.5 air pollution poses a significant health risk, Bangladesh's reliance on natural resource rents underscores the importance of sustainable resource management practices for long-term economic stability. The observations of this study might assist in the formulation of policies of water management systems, air pollution control initiatives, and conservation of ecology to promote Bangladesh's long-term sustainability objectives and formulate policies.

Renewable energy adoption and CO2 emissions in G7 economies: In-depth analysis of economic prosperity and trade relations

Mohsin Rasheed — 2024-05-13

This study investigates the relationships between economic, environmental, and trade factors within the G7 economies from 1990 to 2022, focusing on their impacts on carbon dioxide (CO₂) emissions. Analyzing data from G7 economies such as Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. The study employs multiple regression (MLR) models to examine the influence of economic and environmental factors on CO₂ emissions. Additionally, factor loading analysis and structural equation modeling (SEM) is utilized to validate construct reliability and visualize complex relationships. The findings highlight positive correlations between GDP growth and employment, alongside negative correlations with income inequality. In addition, environmental challenges are evident through negative correlations with industrial and energy-related CO₂ emissions. The practical implications highlight the importance for policymakers to prioritize strategies promoting economic growth, addressing income inequality, and fostering sustainable trade relationships within the G7 economies to ensure inclusive and sustainable development. This study contributes to the literature by offering comprehensive insights into the intricate dynamics between economic, environmental, and trade factors and their impacts on CO₂ emissions.

Digital transformation and enterprise dual innovation: Evidence from China's A-share listed companies

Xulu — 2024-05-30

Digital transformation is an important means to promote the development of enterprises' dual innovation coordinated development. Based on the data of China's A-share listed enterprises from 2007 to 2022, this paper uses the two-way fixed effect model to conduct an empirical test, and discusses the influence of digital transformation degree on enterprises' dual innovation performance and its channel mechanism. The findings are as follows: (1) Digital transformation significantly promotes exploratory innovation and exploitative innovation, especially exploratory innovation. (2) Mechanism test shows that digital transformation promotes enterprise dual innovation by easing financing constraints and improving organizational human capital structure. (3) Heterogeneity research shows that digital transformation has a more significant effect on the improvement of dual innovation in enterprises with high operational efficiency and enterprises in the eastern region. Further, the countermeasures and suggestions are put forward as follows: First, enterprises should clarify transformation goals and promote enterprise digitalization. Second, strengthen the construction of digital infrastructure to facilitate the digital transformation process of enterprises. Third, improve the market supervision system. Fourth, promote the agglomeration of dual innovation factors at multiple levels and promote the improvement of regional dual innovation capability.