The synergistic impact of incentive and regulatory environmental policies on firms' environmental performance.

The imperative to enhance corporate environmental performance is not only pivotal for a company's growth but also crucial for fulfilling societal responsibilities and protecting global environmental interests. Recognizing the inadequacies of standalone environmental policies, our study delves into the synergistic effects of incentive-based and regulatory approaches on the environmental performance of listed firms in China. We meticulously examine the interplay between environmental punishment and subsidies over the period of 2015-2019. Our analysis reveals that a strategic combination of punishment and subsidies can substantially improve firms' environmental performance. This effect intensifies with the increasing amounts of fines and subsidies. Additionally, we explore the dynamic effects of policy implementation. Our results indicate that subsidies implemented either a year before or after the imposition of punishment might diminish the effectiveness of standalone environmental penalty policies. Furthermore, our findings suggest that diverse regulatory policies enhance firm environmental performance by promoting investments in environmental protection and fostering green innovation. This discovery highlights the need for a nuanced understanding of policy mixes and their implications for corporate environmental strategies.

Unlocking the tapestry of conservation: Navigating ecological resettlement policies in Nepal.

Conservation initiatives involve a complex interplay of various ecological, socio-political, and economic factors. Ecological resettlement (ER), implemented within the context of nature conservation policies, stands as one of the most contested issues worldwide. This study aims to navigate the domain of ER policy in conservation through discursive institutionalism and a policy arrangement approach. Focusing on Nepal's conservation policy pathways over the last seven decades, we critically analyze policy ideas and narratives, trends, patterns of policy development, institutional arrangements, driving factors, and responses to contemporary ER policies. Methods involved a systematic literature review (n = 271), a comprehensive review of policy documents and project reports (n > 150), and expert interviews (n = 20). Over the past 50 years, >7600 households in Nepal have been displaced in the name of ER and are still persisting despite the rhetoric of participatory conservation. With changes in political regimes, conservation policy has shifted from a hunting-focused approach to landscape-level and transboundary conservation. Initially influenced by internal factors such as economic and political governance, conservation policies were later shaped by international conservation discourse. Also, the operational sphere of such policy ideas and narratives - including actors, resources, discourses, and rules - along with trends, priorities, institutional arrangements, and driving factors of ER policies, has changed over time. Further, the exclusion of deprived communities and the capture of conservation benefits by elites have undermined conservation values. This research stresses the importance of a judicious balance between people's welfare and nature's integrity, emphasizing community-based natural resource management models accredited to a conservation standard. We further urge the revision of displacement-oriented conservation policies to secure the rights of Indigenous people and traditional landholders, thereby ensuring conservation and sustainable development at both national and global levels.

Environmental policy stringency, ICT, and technological innovation for achieving sustainable development: Assessing the importance of governance and infrastructure.

Achieving sustainable development goals (SDGs) has garnered significant attention from academia and policymakers worldwide. In this study, we examine the impact of ICT, technological innovation (TI), and environmental policy stringency (EPS) on SDI, considering the moderating role of governance quality (GQI) and transport infrastructure (TIS). A comprehensive dataset of 17 advanced nations is utilized from 1996 to 2021. To capture the dynamic and extreme marginal impacts of these policy instruments on SDG attainment, we employ the advanced technique of Feasible Generalized Least Square (FGLS). The results demonstrate that ICT has a positive and significant effect on SDGs, particularly when combined with high levels of governance quality (GOV) and transport infrastructure (TIS). Likewise, TI has a positive impact on SDGs, especially in the presence of strong governance. Furthermore, EPS exhibits a positive association with SDGs. The findings also reveal that while governance hurts SDGs, this effect diminishes when combined with higher levels of ICT, TI, and EPS, and when TIS positively moderates the relationships. The robustness estimations using DOLS and PCSE methods validate the FGLS findings. These results underscore the importance of ICT, TI, and EPS in advancing sustainable development. Moreover, they highlight the significance of good governance and robust transport infrastructure in maximizing the positive effects of these factors. These findings hold implications for policymakers and stakeholders involved in promoting sustainable development.

Environmental regulation and marine economic resilience: An institutional synergy perspective.

Growing economic and industrial activities have put a large strain on the marine environment and ecosystem, presenting the marine economy with a tradeoff between economic expansion and environmental conservation. Though the Porter hypothesis depicts a win-win situation, it is crucial to consider the conditions under which environmental regulations generate positive effects. This paper is to study how the synergy between market-based and government-based environmental regulations affects marine economic resilience, whereas maintaining economic resilience is a prerequisite for promoting innovation and productivity. The findings indicate that each 1 % increase in the synergistic level of environmental regulations resulted in a 0.234 % improvement in marine economic resilience. The heterogeneity tests indicate that the relationship is still significant if the marine economy characterizes high industrial diversity, high industrial upgrading, and large scale, while environmental regulation in coastal provinces that marine industrial structure is not advanced negatively affects marine economic resilience.

The economic and environmental effects of China's environmental expenditure under financing constraints.

Sound ecological and environmental governance systems are critical for promoting green and low-carbon economic transformation and high-quality development. However, financing constraints are major obstacle to the revitalization and transformation of China's real economy. In this study, we constructed an environmental dynamic stochastic general equilibrium (E-DSGE) model that incorporates two types of environmental expenditure and financing constraints, and discussed their economic and environmental effects. Based on this, we further considered the impacts of financing constraints on policy effects. Firstly, we found that increases in carbon emission reduction subsidies in government expenditure (1) increase total economic output and (2) motivate enterprises to increase emission reduction efforts and reduce pollution intensity and emissions, thereby reducing the inventory of environmental pollutants while balancing economic benefits and emission reduction. Secondly, increasing the proportion of government special expenditure on environmental protection promote output growth and directly reduces the pollution stock in the environment. However, such policies may also reduce the emission reduction efforts of enterprises, leading to increases in their pollution emissions and intensity. Lastly, the existence of financing constraints is not conducive to the growth of total output but increases the pollution control effect of emission reduction subsidies and pollution prevention expenditure. Application of the E-DSGE model offers new theoretical insight into environmental economics and macroeconomics. Moreover, the results of this study provide a reference for optimizing the structure of fiscal expenditure.

Environmental regulation, innovation choices, and agricultural green total factor productivity under a multi-regulatory perspective.

As environmental challenges escalate, green development is crucial for sustainability. This study analyzes China's county-level agricultural green total factor productivity using SBM and ML index, introducing a comprehensive index to quantify the impact of different types of environmental regulations on productivity. The findings reveal the following: baseline analysis reveals that comprehensive environmental regulation notably boosts agricultural green total factor productivity (AGTFP), with regulatory intensity positively linked to productivity growth. Other factors like policy intervention, industrial structure, savings levels, and per capita GDP also favorably impact productivity. All three types of regulations, command, incentive, and voluntary type, substantially enhance AGTFP. The mediating effect test results show that all three types of regulations directly and positively impact AGTFP. Indirect effects vary: command-type regulation's mediating effect through independent R&D is significant, accounting for 39% of the impact. For incentive type, both industry structure upgrading (23.79%) and independent R&D (3.1%) mediate the effect. For voluntary type, technological advancement via independent R&D mediates about 13.0% of the impact. Heterogeneity analysis reveals distinct impacts of different environmental regulations on AGTFP across regions. Command-type regulation is most effective in the west, while in the central region, both command- and incentive-type regulations have similar promotional effects. In the east, incentive- and voluntary-type regulations show stronger impacts. Robustness tests, including endogeneity testing, dependent variable substitution, sample winsorizing, and model substitution, consistently confirm the baseline finding that environmental regulation significantly boosts AGTFP.

Prevention is better than a cure: A 'zero residual nanoadsorbent toxicity' downstream from its effluent exit point.

Here, we offer thoughts concerning a 'zero residual nanoadsorbent toxicity' environmental policy which we strongly advocate. Our discussions in support of this policy are based on the adage 'Prevention is better than cure'. Besides emphasizing the need for strict regulations (regional and international), research and development avenues are highlighted for the technology that can achieve 'zero tolerance' for residual nanoadsorbent levels escaping and building up in receiving ecosystems. We do not oppose nanoadsorbents. On the contrary, their water and wastewater purification potentials are well recognized. However, they should not be permitted to translocate downstream from the exit point of a final effluent.

How does carbon biased technological progress promote carbon haze collaborative Governance？Evidence from Chinese cities.

Carbon dioxide (CO2) emissions and haze pollution are often thought to have the same origin, the burning of fossil fuels. However, their relationship is not always synergistic and may even exhibit mutual constraints. Carbon-biased technological progress has emerged as a promising approach for simultaneously achieving three goals - to reduce CO2 emissions, alleviate the haze pressure, and keep economic growth. This study empirically investigates the impact and mechanisms of carbon-biased technological progress on carbon haze collaborative governance using data from 286 Chinese cities during 2006-2021. The results indicate that: (1) Carbon biased technological progress positively influences carbon haze collaborative governance. (2) This progress achieves coordination by enhancing element allocation efficiency, carbon efficiency, and responding to public environmental demands. (3) The facilitating role of carbon biased technological progress to carbon haze collaborative governance will work better if external conditions are met. Moreover, the effectiveness of carbon-biased technological progress in promoting coordination is contingent upon high levels of marketization, government intervention, environmental regulation, and technical advancements. Local and regional governments should foster conducive conditions for carbon dioxide and haze pollution coordination, optimize the allocation and flow of carbon resources, ensure harmonization between environmental regulation policies and other sectors, and bolster international cooperation and technical knowledge exchange to collectively address global environmental challenges.

Can carbon emissions trading policy promote product bargaining power increases for high-carbon enterprises? Evidence from China.

Carbon emissions trading policies play a crucial role in facilitating the transition to high-end products within high-carbon enterprises. Nevertheless, current empirical analyses of the carbon emissions trading market exhibit a lack of precision and are susceptible to bias in their findings. Limited research has been conducted on the influence of product quality as a potential constraint on the impact of carbon trading on product bargaining power. This study presents a double-difference model utilizing data on emission-control enterprises in China's carbon market to examine the influence of the carbon emissions trading mechanism on the bargaining power of high-carbon products. Empirical analysis is conducted using financial data from listed companies in China spanning the years 2010 to 2020. The findings indicate that the implementation of carbon emissions trading policies has a dampening impact on the product bargaining power of high-carbon enterprises. Moreover, carbon emissions trading policies have heterogeneous effects on the product bargaining power of high-carbon firms with different life cycles, with mature high-carbon firms receiving a boost and declining high-carbon firms receiving a dampening effect. Mechanism test finds that the incomplete transmission effect of cost shocks resulting from carbon emissions trading policies has negatively affect the product bargaining power of high-carbon enterprises. Further research finds that product quality is a key factor in determining the effect of the carbon emissions trading policy, and that the impact of the carbon emissions trading policy on the bargaining power of products of high-carbon firms takes on a "U" shape due to product quality. Once the product quality exceeds the bottleneck value of 0.5956, the policy significantly increases the bargaining power of products. The study confirms that the establishment of carbon markets can effectively increase the bargaining power of superior products. These results offer a comprehensive theoretical and practical foundation for nations to advance the development of carbon markets and facilitate the achievement of sustainable development by high-carbon enterprises.

Impact of extreme high temperatures on pollution emissions of enterprise: Evidence from China.

Frequently occurring extreme weather events can pose a challenge to people and production systems. Coping with extreme high temperatures requires promoting the synergy between pollution reduction and carbon reduction. Accordingly, this study examines the causal relationship between extreme high temperatures and corporate pollution emissions by using the panel data of a Chinese sample from 2000 to 2014. This study uses fixed-effects models for the analysis. Baseline results show that a unit increase in the standardized temperature will result in a 4.6% reduction in corporate pollutant emissions. The heterogeneous analysis shows that extreme high temperatures will have an obvious effect on enterprises with low financing constraints and high policy and public constraints as well as on enterprises in cities with a high level of economic development, in innovative cities, and in the eastern region. We also explore the mechanism through which extreme high temperatures reduce pollutant emissions from the two dimensions of external environmental pressure and internal environmental governance. Extreme high temperatures will prompt enterprises to improve their energy efficiency, engage in innovative production processes, adopt source-and-end governance measures, and curb their pollutant emissions while strengthening government environmental supervision. This study provides new ideas for enterprise pollution reduction and serves as an inspiration to the government in formulating environmental policies.

Global Water Challenges in Sub-Saharan Africa and how to strengthen science-policy dialogues on transboundary governance and cooperation.

The United Nations Water Conference 2023 highlighted the need for concrete actions to boost integrated water resources management for achieving the Sustainable Development Goals and called for strategies to enhance cooperation among stakeholders. Technical cooperation between countries and institutions in transboundary systems, e.g., on environmental data collection, is an effective way to promote international diplomacy and prevent disputes between riparian states. Still, establishing collaborations to inform bilateral dialogues on the identification of environmental challenges, their causes, and development priorities may be a difficult task in itself. This is particularly true in the African context because of limited resources and lack of data. In this paper, we analyse the case of nine transboundary river basins in Sub-Saharan Africa to identify which water-management challenges are perceived as most important by the different riparian countries from a policy and scientific perspective. Our insights are based on the most up-to-date scientific papers, open access reports and technical literature, river basin authority's strategy papers, projects' summary reports, and national policy documents. We also complement these sources with the pieces of information we gained through collaborations with regional and local experts, and management bodies (such as river basin authorities). We highlight the current water-related conflicts and the gap between the priorities identified by the scientific community and different riparian countries on how to tackle hydro-climatic change and improve food and energy security, human and environmental health. Based on our experience, we discuss some keys to building trust among stakeholders, strengthening cooperation, and identifying shared water-governance measures in transboundary river basins. They are: (i) connect science and policy to provide sound knowledge for the right questions, (ii) value local knowledge and exploit the complementarity of different perspectives, (iii) consider multiple spatial scales and multi-level stakeholders to leave no one behind, (iv) promote a culture which values trade-offs and handles complexity, and (v) co-create data and knowledge to facilitate stakeholder dialogue from problem definition to intervention identification.

Market response to environmental policy via public procurement: An empirical analysis of bids and prices.

This paper studies the effect of Green Public Procurement (GPP) on competition, bids, and winning bids under two different regulation periods where the latter include more explicitly expressed GPP ambitions. Based on detailed data from Swedish internal cleaning service procurements, our results imply that environmental considerations might not influence the bids as required for GPP to be considered an effective environmental policy instrument. Over time, lower degree of competition and increased bids are found. This phenomenon can be attributed, at least in part, to regulatory influences, signifying an escalating complexity in the process of submitting bids.

Environmental pollution and officials' promotion: How China's green attention matters.

With the growing emphasis on sustainable development, green policies have become a crucial factor influencing both environmental pollution and the career progression of officials in China and other countries. However, the mechanisms behind this relationship remain unclear. This paper aims to enhance the understanding of how environmental pollution impacts official promotion by analyzing the performance of provincial leaders in China and their incentives to address pollution. Using provincial panel data from 1998 to 2020 and a probit model, our study uncovers significant findings. We demonstrate that the intensified green attention by China's central government has notably reduced the promotion prospects for provincial officials with poor environmental protection records, particularly since 2013. Furthermore, our research extends the analysis of micro-level mechanisms, illustrating how the central government's political incentives effectively influence local environmental governance. This study underscores the central government's capability to leverage its personnel system to achieve desired outcomes in sustainable development.

Assessing groundwater quality and its association with child undernutrition in India.

BACKGROUND AND OBJECTIVES: Groundwater contamination poses a significant health challenge in India, particularly impacting children. Despite its importance, limited research has explored the nexus between groundwater quality and child nutrition outcomes. This study addresses this gap, examining the association between groundwater quality and child undernutrition, offering pertinent insights for policymakers. DATA AND METHODS: The study uses data from the fifth round of the National Family Health Survey (NFHS) and the Central Groundwater Board (CGWB) to analyze the association between groundwater quality and child nutritional status. The groundwater quality data were collected by nationwide monitoring stations programmed by CGWB, and the child undernutrition data were obtained from the NFHS-5, 2019-21. The analysis included descriptive and logistic regression model. The study also considers various demographic and socio-economic factors as potential moderators of the relationship between groundwater quality and child undernutrition. FINDINGS: Significant variation in groundwater quality was observed across India, with numerous regions displaying poor performance. Approximately 26.53 % of geographical areas were deemed unfit for consuming groundwater. Environmental factors such as high temperatures, low precipitation, and arid, alluvial, laterite-type soils are linked to poorer groundwater quality. Unfit-for-consumption groundwater quality increased the odds of undernutrition, revealing a 35 %, 38 %, and 11 % higher likelihood of stunting, underweight, and wasting in children, with higher pH, Magnesium, Sulphate, Nitrate, Total Dissolved Solids, and Arsenic, levels associated with increased odds of stunting, underweight, and wasting. Higher temperatures (>25 °C), high elevations (>1000 m), and proximity to cultivated or industrial areas all contribute to heightened risks of child undernutrition. Children consuming groundwater, lacking access to improved toilets, or living in rural areas are more likely to be undernourished, while females, higher-income households, and those consuming dairy, vegetables, and fruits daily exhibit lower odds of undernutrition. POLICY IMPLICATIONS: Policy implications highlight the urgent need for investment in piped water supply systems. Additionally, focused efforts are required to monitor and improve groundwater quality in regions with poor water quality. Policies should emphasize safe sanitation practices and enhance public awareness about the critical role of safe drinking water in improving child health.

Unraveling agricultural water pollution despite an ecological policy in the Ayeyarwady Basin.

BACKGROUND: The Ayeyarwady Basin in Myanmar, a critical economic zone, faces severe ecological degradation due to unsustainable agricultural practices. These practices pose significant threats to human health and marine biodiversity. Environmental threats persist despite the Myanmar government's efforts to implement biodiversity protection policies. This research explores the limited compliance with environmental protection policies among farmers in the Ayeyarwady Basin and its implications for sustainable agricultural practices and ecological conservation. METHODS: This research employs an exploratory phenomenological approach, utilizing semi-structured, in-depth interviews with government officials and farmers (N = 30). The data collected were subjected to thematic analysis using Atlas 23. RESULTS: Preliminary findings reveal a gap in farmers' awareness and understanding of these policies, hindered by insufficient financing, poor communication infrastructure, and uncoordinated policy monitoring. These factors and existing unrest contribute to a top-down policy approach that neglects frontline stakeholders. The study suggests the need for clear stakeholder roles, adequate policy financing, and diverse communication strategies to effectively implement environmental policies and protect human and marine life. CONCLUSIONS: Environmental policy shortcomings in Myanmar are attributable to governmental oversight and insufficient stakeholder engagement. To mitigate pollution and safeguard river basin ecosystems, the government must delineate stakeholder responsibilities, allocate appropriate policy funding, and adopt varied communication approaches with farmers.

Tide of change: Urgency of a national marine litter policy in India.

The rise of plastics in the 20th century revolutionized modern life but inadvertently exacerbated the marine litter crisis. The proliferation of wastes such as single-use plastics has escalated pollution along the coastline, demanding coordinated, decisive, and unified action. While the absence of specific national marine litter policies is concerning, there is growing recognition of urgency to address this issue. A group of experts and stakeholders was involved through a multi-staged workshop to assess the generated information based on scientific evidence and formulate a framework for the National Marine Litter Policy (NMLP). This paper proposes policy options (4 targets & 20 strategies) to address marine litter pollution, especially plastics, and aims to elucidate the urgency and significance of implementing an NMLP as a comprehensive strategy to combat plastics pollution. Implementing dedicated policies and action plans tailored to the unique challenges faced by each country is a vital step towards sustainable oceans.

The impact of climate policy uncertainty on corporate pollution Emissions--Evidence from China.

Climate change is considered one of the major systemic risks facing the world in the 21st century. To address climate change, China has adopted a series of climate policies, but the uncertainty brought about by frequent climate policy issuance has increased pressure on enterprises, which may not be conducive to enterprises reducing emissions. This paper uses data on 1211 listed companies on the A-share market in China from 2012 to 2022 to study the impact of climate policy uncertainty on enterprise pollutant emissions. The research findings show that climate policy uncertainty increases corporate pollution emissions; climate policy uncertainty mainly generates negative impacts on enterprise environmental regulation, social responsibility, and R&D investment, thereby negatively affecting enterprise emissions reduction. Further heterogeneity analysis shows that climate policy uncertainty in China has a more significant impact on non-state-owned enterprises, technology-intensive enterprises, lightly polluting enterprises, and enterprises in western regions. These findings emphasize the importance of enterprise social responsibility, environmental regulation, and R&D investment in enterprise emissions reduction and provide policy implications for Chinese enterprises to optimize their energy-saving and emission reduction strategies in the face of climate policy uncertainty.