Green finance reform and application intensity of chemical fertilizer and pesticide: policy evidence from China.

The environmental hazards resulting from the excessive application of pesticides and fertilizers have been an inevitable agricultural production issue in various countries around the world. New technologies and policies are constantly trying to improve their application efficiency. This paper utilizes panel data of the provincial level in China from 2009 to 2019 to empirically study the effect of green finance reform policies on the chemical fertilizer application intensity (FAI) and pesticide application intensity (PAI). Standard difference-in-differences (DID), synthetic DID, difference-in-difference-in differences (DDD), and spatial DID models are constructed for specific empirical analysis. The findings can be concluded as follows: (1) A unit of the green finance reform policy reduces FAI by 0.0144 and PAI by 1.7921 by promoting green technology innovation. (2) Government financial extractive capacity hinders the reduction effect of green finance on PAI. (3) Coastal geographical location is conducive to reducing PAI through green finance reform. (4) FAI and PAI show positive spatial autocorrelations, and the influence of green finance reform overflows to surrounding areas. The research results can provide policy references for countries around the world to promote the green development of agriculture and reduce environmental pollution.

Financing mechanism for solid waste management in Anambra, Nigeria: analyses of emerging challenges and implication for circular economy.

Waste management is a critical public service provided by municipalities around the world. It is often problematic, inefficient, and abysmally performed in developing countries. Among the problems associated with waste management in these global locations is the issue of finance. Finance is required for both capital investment and operational costs. Methods of waste management financing differ from place to place due to cultural, political, and socio-economic peculiarities. Understanding these conditionalities is necessary to be able to proffer sustainable solutions. Despite these facts, there is limited comprehensive and relevant academic literature on waste management financing mechanisms in developing countries both in the past and recent times. This work addresses a significant gap in the literature by studying the mechanism for waste management financing in developing countries using Anambra State, Nigeria, as a case study. The current study further investigated the associated challenges and opportunities and made critical discussions on the implications on the circular economy. User fees and subsidies from the government are the major financing sources. The absence of cost-revenue model analysis, economic and institutional volatility, the unwillingness of the service users to pay fees, and lack of transparency are major challenges to the financial sustainability of waste management in the studied context. The creation of incentives for behavioral changes, adoption of neo-liberal policies, and formal integration of informal waste pickers are factors that can minimize the cost of waste management services while promoting a circular economy.

Assessing the impact of green finance on financial performance in Chinese eco-friendly enterprise.

This study pioneers the construction of a regional Green Finance Development Index, meticulously examining the significant influence of green financing on the financial performance of ecologically responsible enterprises within the intricate landscape of China. Demonstrating a profound correlation, green finance emerges as a pivotal incentive, increasing the economic expertise of environmentally conscientious firms through the strategic consolidation of capital and the consistent exchange of vital information. Leveraging empirical data from 2012 to 2022 and focusing on green-listed enterprises, the study analyzes the nexus between green financing and corporate financial competency by employing the GMM Model. Notably, the study highlights the pivotal role of Research and Development (R&D) innovation as a channel for the transformative impact exercised by green funding. Discerning insights surface in exploring heterogeneity, revealing a pronounced inclination of green financing towards strengthening clean energy firms and enterprises operating with diminished reliance on government subsidies. This empirical research enhances the scientific basis of the green finance approach and establishes a strong platform for making decisions, promoting the sustainable proliferation of green sectors and businesses.

Digital inclusive finance, green technological innovation, and carbon emissions from a spatial perspective.

Based on the panel data of 276 prefecture-level cities in China from 2011 to 2020, this study explores the impact of digital inclusive finance (DIF) on carbon emissions and the intrinsic mechanism of green technological innovation from a spatial perspective by constructing a spatial econometric model, a mediating effect model, and a threshold model. The results show that DIF significantly inhibits carbon emissions, exhibiting a spatial spillover effect. The transmission mechanism from a spatial perspective shows that green technological innovation plays a partial mediating role between DIF and carbon emissions, with the mediating effect accounting for approximately 59.47%. The heterogeneity analysis suggests that the impact of DIF on the reduction of carbon emissions is more pronounced in large and medium-sized cities and eastern regions. Further discussion reveals that the carbon reduction effect of DIF is also influenced by green technological innovation and industrial structure upgrading, showing threshold effects with marginal decreases and gradual increases, respectively.

Green energy innovation initiatives for environmental sustainability: current state and future research directions.

Worldwide, all countries have been facing the crisis of climate change problem. They have been addressing this issue by focusing on implementing green energy innovation initiatives and promoting a sustainable future through environmental sustainability. In this research study, we focus on examining the role of green finance through green energy innovations, which are taking place in several sectors across different regions to promote environmental sustainability. The study has analysed 152 articles on this research domain through a systematic literature review to understand the present state of existing knowledge. The current study examines the Scopus-indexed research articles from the time period 2002 to 2023. Six emerging themes have been examined to understand their development and the potential impact of green initiatives for environmental sustainability. Various institutional theories have been explored to understand their association with the investigated research area. The paper has discussed multiple challenges that need to be addressed for the speedy implementation of green innovations. Finally, future research questions have been proposed based on the findings from the extant literature and the existing research gaps.

Analyzing the impact of fintech industry and green financing on energy poverty in the European countries.

In the fourth industrial revolution, the fintech has significantly expanded during the last several years, and this has caused scholars to worry about how much electricity is being used. Because energy poverty is one of the most critical social policy concerns facing the majority of nations in the world in the modern era. This study adds to what has already been written by looking at how the fintech industry affects the environment and energy in European countries. The current study investigates how the growing awareness of the need to preserve energy and the environment has an effect on society, and analyzes the role of the fintech industry, green finance, energy efficiency, and research and development on energy poverty across European nations from 2013 to 2020. To estimate long- and short-term impacts, DOLS and FMOLS are used along with diagnostic tests. The outcomes found that there is a tight relationship between energy poverty and all the factors taken into consideration (fintech, green finance, energy efficiency, and R&D). EU governments should employ "green finance" to encourage and enable the fintech industry since fintech plays a vital role in enhancing environmental effectiveness. The financing of environmentally friendly projects is very beneficial and might help alleviate energy poverty. The findings also indicate that more financing, ecological subsidies, and social assistance programs are necessary in order to satisfy the needs for energy and put an end to energy poverty in Europe. Policymakers in the tech world may be especially interested in the results.

Digital finance, innovation transformation, and resilient city growth.

Digital finance is a pivotal catalyst for a contemporary economic system and assumes a significant auxiliary function in the establishment of resilient urban centers. This study empirically examines the enabling influence of digital finance on resilient cities using panel data from 287 prefecture-level cities and above in China between 2011 and 2020. The analysis is based on the mechanisms of innovation and transformation. The importance of digital finance in facilitating the development of resilient cities has been observed, with a specific emphasis on its impact on enhancing the adaptive capacity and growth resilience of urban areas. The utilization of digital finance has the potential to expedite the process of transforming urban industrial structures, invigorating innovation and entrepreneurial activities, and serving as a significant catalyst for the development of resilient cities. The analysis of heterogeneity reveals that various aspects of digital finance have varying degrees of influence on urban resilience. Specifically, the depth of utilization of digital finance exerts the most significant impact, followed by the level of digitalization, while the extent of coverage has the least effect. Furthermore, when considering regional distribution, the promotion effect of digital finance on resilient cities diminishes gradually from the eastern to the central and western regions.

Joe's Story: How a Capitated Payment Model Lets Me Be the Physician I Want to Be.

For many years I cared for Joe, following him through diagnoses of strokes, end-stage renal disease, and metastatic prostate cancer. Gaining his trust, coordinating his care across specialist visits and hospitalizations, and helping him and his family clarify goals of care took an investment of time and relationship-building. I was able to spend this time with Joe, and all of my medically complex patients, because I had taken a job in a Program of All-Inclusive Care for the Elderly (PACE), a fully capitated model of care. With care organized around the patient instead of the visit, this payment model transformed my work life. As I reflect on the care that I provided for Joe over the years, I consider how health care organization and finance can either help or hinder our ability to provide patient-centered, coordinated, continuous care for our patients. Evolving payment models can help make space for family physicians to provide the robust primary care we are trained to deliver.

The Brain Economy: Advancing Brain Science to Better Understand the Modern Economy.

The coming years are likely to be turbulent due to a myriad of factors or polycrisis, including an escalation in climate extremes, emerging public health threats, weak productivity, increases in global economic instability and further weakening in the integrity of global democracy. These formidable challenges are not exogenous to the economy but are in some cases generated by the system itself. They can be overcome, but only with far-reaching changes to global economics. Our current socio-economic paradigm is insufficient for addressing these complex challenges, let alone sustaining human development, well-being and happiness. To support the flourishing of the global population in the age of polycrisis, we need a novel, person-centred and collective paradigm. The brain economy leverages insights from neuroscience to provide a novel way of centralising the human contribution to the economy, how the economy in turn shapes our lives and positive feedbacks between the two. The brain economy is primarily based on Brain Capital, an economic asset integrating brain health and brain skills, the social, emotional, and the diversity of cognitive brain resources of individuals and communities. People with healthy brains are essential to navigate increasingly complex systems. Policies and investments that improve brain health and hence citizens' cognitive functions and boost brain performance can increase productivity, stimulate greater creativity and economic dynamism, utilise often underdeveloped intellectual resources, afford social cohesion, and create a more resilient, adaptable and sustainability-engaged population.

Unveiling urban governance diversity: Clustering cities based on mitigation actions.

Embracing a "more global" urban comparison in scientific assessments of climate actions by cities is essential to drive greater and more inclusive participation in global efforts to curb climate change. This comparison needs to engage cities irrespective of their size and status: when we do so, distinctive patterns of urban climate mitigation actions across a diverse range of cities emerge. Employing K-means clustering as a pattern recognition method, this study compares cities based on selected aspects of their reported mitigation actions to the Carbon Disclosure Project. It explores whether the identified clusters facilitate the comparison of a socio-spatially diverse range of cities. The study identifies five clusters within two themes, namely the nature and finance-implementation of actions, shedding light on shared and distinct governance aspects of mitigation actions by cities. Notably, the study underscores how governance patterns transcend city size and global status. These findings offer valuable insights for broadening the comparative imagination of cities and inter-city networking opportunities.

Public environmental concern, government environmental regulation and urban carbon emission reduction-Analyzing the regulating role of green finance and industrial agglomeration.

In the multifaceted realm of environmental governance, emphasizing public environmental participation as an informal regulatory mechanism, alongside the influence of formal governmental environmental regulation on regional carbon emissions, contributes to providing empirical evidence and policy insights for China's "dual­carbon target" action plan. Using data from 282 prefecture-level cities in China from 2011 to 2020, this research develops an analytical framework for urban carbon emissions encompassing public environmental concern, environmental regulation, green finance, and industrial agglomeration. And through an amalgamation of theoretical insights and empirical validation, the study elucidates the mechanisms by which public environmental concern impact urban carbon emissions. It further delves into the mediating role of environmental regulation and the moderating effects of green finance and industrial agglomeration. It reveals that: (1) Public environmental concern significantly reduces urban carbon emissions, particularly in northern cities, non-environmental protection key cities, and resource regeneration cities. And this suppressive influence is markedly more potent via mobile platforms compared to PC channels; (2) Environmental regulation serves as a partially mediating role between public environmental concern and urban carbon emissions, suggesting that public environmental concern reduces emissions by amplifying governmental environmental oversight; (3) Both green finance and industrial agglomeration play a positive moderating role on the effect of public environmental concern in reducing urban carbon emissions.

The Influence of Culture on the Lure of Choice, Mental Accounting, and Overconfidence.

In the contemporary globalized landscape characterized by international and intercultural decision-making processes, interconnected supply chains, and diverse customer relations, susceptibility to biases and heuristics poses a substantial threat to the efficiency of decision making. This research explores the relatively understudied influence of culture on individuals' susceptibility to concepts derived from behavioral economics. Employing the Individual Cultural Values Scale (CVSCALE), we examine the impact of culture on the allure of choice, mental accounting, and overconfidence among 837 participants from Australia (AU), China (CN), Germany (GE), and the United States (US) through logistic regression analysis. At the individual level, discernible interactions between power-distance, allure of choice, and overconfidence are observed. On the national scale, power-distance (AU, US), uncertainty avoidance (US), and masculinity (CN) significantly impact the allure of choice, while overconfidence is influenced by power-distance (US) and masculinity (US). Our analysis shows that culture plays a pivotal role in shaping susceptibility to biases and heuristics, thereby influencing decision-making processes. The findings advocate for a culturally differentiated approach to behavioral economics, emphasizing the need to tailor strategies and interventions based on cultural nuances.

Uncovering lobbying strategies in sustainable finance disclosure regulations using machine learning.

PURPOSE: We analyse lobbying behaviour by using Machine Learning approaches. In the context of Sustainable Finance Disclosure Regulation (SFDR), we gain detailed insights, assign these to existing strategies, and measure how strongly which participant influences the regulation. STUDY DESIGN/METHODOLOGY/APPROACH: We use tri-gram analysis, sentiment analysis, and similarity analysis as methods to obtain insights into the political commentary process of European Supervisory Authorities (ESAs) drafts dealing with SFDR. FINDINGS: Our metadata helps to identify stakeholders and lobbying strategies. We found that the most negative comments came from the regulated, who argued strongly subjectively in a very objective environment of ESG disclosure. We also identified typical lobbying strategies based on arguments, persuasion, and classic cost-benefit considerations. ORIGINALITY/VALUE: We generate emotion values and synthesise detailed argument differences and show that modern algorithms can contribute to the identification of interest groups and lobbying strategies. Furthermore, we generate similarity values of arguments that can be taken into account in the analysis of the success of a lobbying strategy.

Impacts of digital finance on energy efficiency: does environmental regulation matter?

The paper examines how digital finance affects energy efficiency in China using a dynamic panel model and data from 282 cities between 2011 and 2019. The study is based on the hypothesis which is related with digital finance, environmental regulation, and energy efficiency. The results indicate that: (1) Digital finance significantly improves energy efficiency, and this finding is consistent after several tests; (2) Digital finance has a positive effect on energy efficiency in non-resource-based cities, recession and regeneration resource-based cities, and old industrial base cities, but no significant effect on energy efficiency in growth and maturity resource-based cities and non-old industrial base cities; (3) Environmental regulation positively influences how digital finance affects energy efficiency; (4) The impact of digital finance on energy efficiency depends on the degree and tools of environmental regulation. This research offers valuable insights to local governments in China for promoting financial digitization and enhancing energy efficiency.

Unlocking Urbanization: The symbiotic relationship between inclusive finance and urban development in China.

The emergence and development of inclusive finance has made it possible for more economic entities to have easy access to a wider selection of financial services. This shift has significantly addressed the financial challenges inherent in the process of urbanization, making it a driver of the process of urban development. Therefore, this paper provides empirical evidence on the relationship between financial inclusion development and urbanization construction in China using provincial data and a panel-VAR model. The results show that: (1) There is a significant co-integration relationship among inclusive finance, urbanization, government support, and real estate development. (2) Inclusive finance has a long-term positive impact effect on urbanization. (3) Population urbanization has a positive impact on inclusive finance, but income urbanization has a negative impact on inclusive finance. To effectively promote the development of inclusive finance and urbanization, the following measures are of utmost importance: Firstly, while accelerating urbanization construction, it is necessary to expand and enhance the coverage of financial services. This will ensure that multiple regions can benefit from financial services. Secondly, to meet the diverse needs of different regions, more targeted financial products should be developed, making full use of the advantages of inclusive finance. Lastly, the government should strengthen its supervision of financial institutions and reduce the risks associated with inclusive finance, thereby ensuring a positive interaction between inclusive finance and urbanization development.

Leveraging green finance and technological innovations for sustainable urban development: A comparative study of Chinese mega-cities.

Being worlds' largest population, China is the biggest consumer of natural resources and causes the highest Carbon emissions due to its energy needs for economic development. This research aims to analyze the relationship between green finance, natural resources, carbon releases, and foreign direct investment on China's efforts towards durable economic sustainability. Difference-in-Difference frameworks are utilized to analyze the statistics acquired from 270 Chinese cities between 2002 and 2022. The findings indicate that the financial implications of carbon emissions significantly affect China's sustainable green economy. However, the short-term growth of the green economy is enhanced by the use of natural resources and the advancement of green financial markets. The results of this study provide empirical evidence that supports the theory positing a linear association among carbon releases, economic expansion, and natural resources. This study provides guidance to policymakers to make policies for enhanced and efficient use of natural resources. This may potentially contribute to the promotion of long-term sustainability in China and the facilitation of green growth.

Can digital finance development drive green transformation in manufacturing? Evidence from China.

Digital finance is a product of emerging technology-enabled innovation in financial services and has a critical impact on the green transformation of the manufacturing industry. We propose a new efficiency measurement model based on the slacks-based measure (SBM) to measure the efficiency of green transformation on regional manufacturing. Chinese interprovincial data from 2010 to 2019 were obtained for the study. In addition, we estimated the effect of digital finance on green transformation of manufacturing using a benchmark panel model. Finally, considering the regional heterogeneity and spatial effects of green transformation efficiency in the manufacturing industry, we constructed a spatial Durbin model based on an economic-geographic nested spatial weight matrix to analyze the spatial influence of digital finance on green transformation in the manufacturing industry. The results show that the green transformation of the manufacturing industry has significant positive spatial spillover effects owing to the existence of competition, demonstration, and economic correlation effects among regions.

Agricultural land management and rural financial development: coupling and coordinated relationship and temporal-spatial disparities in China.

The integrated development of agricultural land and finance not only promotes rural financial innovation and breaks the bottleneck of agricultural financing but also facilitates agricultural land transfer and scaled operations. This leads to the advancement of the effective growth of contemporary agriculture. The reform of the 'separation of three rights' in agricultural land promotes land circulation, which, in turn, offers an institutional guarantee for the tandem development of rural finance and agricultural land management. This paper measures the comprehensive development index of agricultural land management and rural finance in 30 provinces of China from 2005 to 2020. In light of this, it calculates the degree of coupling and coordination between China's agricultural land management and rural financial development. The Dagum Gini coefficient, kernel density, and the Moran index were used to analyze regional differences and patterns of agglomeration. The study found that the degree of coupling coordination between China's agricultural land management and rural finance is increasing annually. However, there remains a significant gap in achieving high-quality coupling. Notably, the growth rate of rural financial development exceeds that of agricultural land management, and hypervariable density is a major source of regional variation. There is polarization in the coupled development of farmland management and rural finance. Provinces in the eastern and central regions tend to be located in the high-high agglomeration (H-H) in terms of the level of development of agricultural land and financial integration, while the western region tends to fall in low-low aggregation (L-L).

Contexts of Convenience: Generalizing from Published Evaluations of School Finance Policies.

Recent attention to the causal identification of spending impacts provides improved estimates of spending outcomes in a variety of circumstances, but the estimates are substantially different across studies. Half of the variation in estimated funding impact on test scores and over three-quarters of the variation of impacts on school attainment reflect differences in the true parameters across study contexts. Unfortunately, inability to describe the circumstances underlying effective school spending impedes any attempts to generalize from the extant results to new policy situations. The evidence indicates that how funds are used is crucial to the outcomes, but such factors as targeting of funds or court interventions fail to explain the existing pattern of results.