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The Economics of Greenhouse Gases Emission Reduction

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Economic and Business Aspects of Sustainability".

Deadline for manuscript submissions: closed (30 June 2021) | Viewed by 5650

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Guest Editor
Natural Resource and Environmental Research Center, University of Haifa, Haifa 3498838, Israel
Interests: environmental economics
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues, 

Mitigating green gas emissions in order to avoid global warming beyond 1.5–2 °C has become even more pronounced and urgent given the hardships in the wake of the COVID-19 pandemic, specifically the dramatic impact on economic activities worldwide which, in turn, has both direct and indirect effects on greenhouse gas emissions and global warming. This raises timely questions, including what economic and climate policy package will be needed to deal with the economic consequences of COVID-19, and how will the current emergency affect, for example, the recently promulgated European Green Deal. Concrete—not merely declared and plans on paper—national actions on the part of all countries in the world, developed as well as developing economies, are called for, following the Paris accord.

Prof. Mordechai Shechter
Guest Editor

Manuscript Submission Information

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Keywords

  • Mitigation
  • Adaptation
  • Greenhouse gases
  • European Green Deal
  • Economic benefits and costs

Published Papers (2 papers)

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Research

18 pages, 3848 KiB  
Article
Carbon Emissions and Brazilian Ethanol Prices: Are They Correlated? An Econophysics Study
by Derick David Quintino, Heloisa Lee Burnquist and Paulo Jorge Silveira Ferreira
Sustainability 2021, 13(22), 12862; https://0-doi-org.brum.beds.ac.uk/10.3390/su132212862 - 20 Nov 2021
Cited by 5 | Viewed by 1929
Abstract
Brazil is one of the largest global producers and exporters of ethanol and in 2017 launched RenovaBio, a programme aiming to mitigate greenhouse gas emissions. In parallel to this domestic scenario, there is rapid growth in the world market of carbon production, as [...] Read more.
Brazil is one of the largest global producers and exporters of ethanol and in 2017 launched RenovaBio, a programme aiming to mitigate greenhouse gas emissions. In parallel to this domestic scenario, there is rapid growth in the world market of carbon production, as well as complex price relations between fossil and renewable energies becoming increasingly important in recent years. The present work aims to contribute to filling a gap in knowledge about the relationship between Brazilian ethanol and other relevant energy-related commodities. We use a recent methodology (Detrended Cross-Correlation Approach—DCCA—with sliding windows) to analyze dynamically the cross-correlation levels between Brazilian ethanol prices and carbon emissions, as well as other possible-related prices, namely: sugar, Brent oil, and natural gas prices, with a sample of daily prices between January 2010 and July 2020. Our results indicate that (i) in the whole period, Brazilian ethanol has significant correlations with sugar, moderate correlation with oil in the short term, and only a weak, short-term correlation with carbon emission prices; (ii) with a sliding windows approach, the strength of the correlation between ethanol and carbon emissions varies between weak and non-significant in the short term. Full article
(This article belongs to the Special Issue The Economics of Greenhouse Gases Emission Reduction)
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21 pages, 1502 KiB  
Article
An Examination of Green Credit Promoting Carbon Dioxide Emissions Reduction: A Provincial Panel Analysis of China
by Wenjie Zhang, Mingyong Hong, Juan Li and Fuhong Li
Sustainability 2021, 13(13), 7148; https://0-doi-org.brum.beds.ac.uk/10.3390/su13137148 - 25 Jun 2021
Cited by 36 | Viewed by 2989
Abstract
The implementation of green finance is a powerful measure to promote global carbon emissions reduction that has been highly valued by academic circles in recent years. However, the role of green credit in carbon emissions reduction in China is still lacking testing. Using [...] Read more.
The implementation of green finance is a powerful measure to promote global carbon emissions reduction that has been highly valued by academic circles in recent years. However, the role of green credit in carbon emissions reduction in China is still lacking testing. Using a set of panel data including 30 provinces and cities, this study focused on the impact of green credit on carbon dioxide emissions in China from 2006 to 2016. The empirical results indicated that green credit has a significantly negative effect on carbon dioxide emissions intensity. Furthermore, after the mechanism examination, we found that the promotion impacts of green credit on industrial structure upgrading and technological innovation are two effective channels to help reduce carbon dioxide emissions. Heterogeneity analysis found that there are regional differences in the effect of green credit. In the western and northeastern regions, the effect of green credit is invalid. Quantile regression results implied that the greater the carbon emissions intensity, the better the effect of green credit. Finally, a further discussion revealed there exists a nonlinear correlation between green credit and carbon dioxide emissions intensity. These findings suggest that the core measures to promote carbon emission reduction in China are to continue to expand the scale of green credit, increase the technology R&D investment of enterprises, and to vigorously develop the tertiary industry. Full article
(This article belongs to the Special Issue The Economics of Greenhouse Gases Emission Reduction)
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