Australia has garnered significant recognition for its leadership in residential solar energy adoption, driven by incentive programs like the Feed-in Tariff and the Small-Scale Renewable Energy Scheme. Yet limited research has evaluated the policy's effects on residential solar photovoltaics in Australia. We thus examine how Feed-in tariff policies and different policy packages affect residential solar PV adoption using the quarterly data from July 2009 to June 2022.
View Article and Find Full Text PDFThis study enhances the environmental New Keynesian framework by integrating spatial spillover effects through a dynamic stochastic general equilibrium model. The simulation results reveal that while environmental regulations can lead to welfare losses, a carbon tax levy mitigates these losses more effectively than alternative approaches in New Zealand. What is surprising is the pro-cyclical nature of environmental policies.
View Article and Find Full Text PDFThis study provides new insights into the causal relationship between implementing Emission Trading Schemes (ETS) and corporate behaviors related to Environmental, Social, and Governance (ESG) greenwashing from 2009 to 2022. Utilizing a concise empirical framework, our findings substantiate the catalytic role of China's ETS in reducing ESG greenwashing activities. However, the effectiveness of this mitigation varies depending on firm's size, governance quality, and pollution nature.
View Article and Find Full Text PDFAddressing natural resource dependence is integral to achieving the Sustainable Development Goals by promoting economic diversification, environmental sustainability, and climate resilience. This study explores the effect of natural resource dependence on green development by adopting the balanced panel dataset from the "Belt and Road" countries from 2005 to 2019. Notably, the novelty of our analysis lies in the empirical analysis using instrument-based techniques that consolidate the "green development curse hypothesis" in the Belt and Road countries.
View Article and Find Full Text PDFCertain nations have opted for stimulus-based regulations to curtail emissions, build a liveable, environmentally friendly setting, and work towards aspirational mitigation targets. New Zealand (NZ) prefers an Emission Trading Scheme (ETS) to taxation, mitigating emissions on one hand while retaining incentives for economic growth on the other. As a result, NZ has initiated a legal framework since 2008 to allow its economic sectors to engage in ETS and minimize emissions.
View Article and Find Full Text PDFIn the context of globalization, the role of the digital economy in carbon emissions may generate spatial spill over effects. This study comprehensively applies a spatial model to understand the nexus between the digital economy and carbon emissions in 67 economies from 2010 to 2019. Specifically, this study contributes by introducing a spatial panel threshold model, which helps to present the new evidence regarding decarbonization process.
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