Environmental Sustainability and Territorial Competitiveness: A Comparison between Italian Provinces

The emergence of globalisation and the removal of obstacles between markets have heightened rivalry between territorial areas. To have a competitive advantage, the regions have to be unique. As one of the tactics used to boost their reputation on a territorial level, territories are progressively adopting environmental policies for sustainable and shared prosperity. Indeed, effective management of urban growth depends heavily on sustainable development. In this regard, the literature occasionally refers to the "green branding” of cities, a strategy that makes use of environmental aspects to boost the allure of metropolitan environments. There is currently little consensus in the literature on the measuring of environmental performance, and no statistical study has been done to confirm the efficacy of these measures in terms of territorial competitiveness. Therefore, it is important to determine whether there is a relationship between a territory's level of sustainability and competitiveness in Italy. According to the statistical analysis of the Italian provinces, the Northeast, Northwest, Centre, and Islands are the four geographical regions with the highest average scores. This unquestionably indicates a basic comprehension and supports the notion that there is a relationship between the two variables. However, it also serves as a warning about how geographical disparities in Italy represent a major issue affecting the most diverse sectors. In addition, the COVID-19 pandemic problem has drastically altered consumer demands and goals, leading consumers to seek out more sustainable travel and cities that are designed with citizens' requirements in mind. It will therefore become more and more important to research how public and private administrators, as well as policy makers, react to these changes.

Measuring opportunities: Transforming Indonesia's economy through utilizing natural resources for sustainable development through green economy indicators

Many countries with low to medium incomes need a long time to recover from the economic downturn caused by Covid-19. The impact of Covid-19 affects the main development priorities in Indonesia, such as poverty alleviation, the achievement of sustainable development, and the transformation of the green economy. The economic and fiscal constraints facing Indonesia need attention, and the Indonesian economy needs to establish policy criteria. The purpose of this article is to analyze the environmental problems in Indonesia and then identify the government policy related to sustainable development programs to release them. The Ministry of Finance has an essential role in the SDGs by allocating National Budget to environmental programs. Sustainable development is Indonesia's commitment to the international community to reduce the use of carbon emissions to promote a green economy. The green economy indicators that we elaborate in supporting SDGs programs are low-carbon development, resource efficiency, and socially inclusive.

NON-FINANCIAL REPORTING OF TOP COMPANIES IN TURBULENT ENVIRONMENT

Nowadays, the non-financial reporting of companies shows more and more interest both among companies and investors, who are no longer interested only in the reported figures. However, the pandemic period also left its mark among large companies. Our research concerns the global top 50 companies and the non-financial reports published by them before, during and after the pandemic generated by the novel coronavirus. The purpose of our paper is to illustrate how these entities present the story and the CSR actions taken during a time when most companies struggled to survive. To achieve these objectives, we used qualitative and quantitative research. Namely, we analyzed the entities' non-financial reports, to identify their social responsibility actions and we used the NVivo program in order to highlight which are the most representative words used in non-financial reporting in the three analyzed moments, namely before, during and after the COVID-19 pandemic The results of the study reflect that in a turbulent environment, companies tend to present less complex reports and use more ambiguous tone. Also, our research highlights the fact that CSR activities undertaken ware greatly reduced during the pandemic period.

Conceptualising Circular economy performance with non-traditional valuation methods: Lessons for a post-Pandemic recovery

The circular economy (CE) has gained importance in the post-COVID-19 pandemic recovery. Businesses, while realising the CE benefits, have challenges in justifying and evaluating the CE benefits using available performance measurement tools, specifically when considering sustainability and other non-traditional benefits. Given the rising institutional pressures for environmental and social sustainability, we argue that organisations can evaluate their CE implementation performance using non-market-based environmental goods valuation methods. Further, the effectiveness of the CE performance measurement model can be enhanced to support supply chain sustainability and resilience through an ecosystem of multi-stakeholder digital technologies that include a range of emerging technologies such as blockchain technology, the internet-of-things (IoT), artificial intelligence, remote sensing, and tracking technologies. Accordingly, a CE performance measurement model (CEPMM) is conceptualised and exemplified using seven COVID-19 disruption scenarios to provide insights that can be addressed through CE practices. Analyses and implications are presented along with areas for future research.

Valuation and financing of National Parks in South and South East Asia: a meta-analysis

Protected Areas, the mainstay of biodiversity conservation, are facing an unprecedented threat of being exploited, making their conservation not only crucial but also urgent. As the looming threat does not leave scope for expensive and time-consuming surveys, this paper intends to add to the existing literature and to the cause of biodiversity conservation by undertaking the first ever multinational Meta-Analysis of National Park (NP) valuation studies in South and South East Asia. The relative importance of study-, site-, and socioeconomic characteristics is estimated through a meta-regression and suggestions for redesigning pricing strategies to capture the unrealized consumer surplus are presented. Key results highlight the importance of the place of residence, area of the NP, and GDP per capita in explaining variation in NP value. Furthermore, taking note of the havoc wreaked by the COVID-19 pandemic, the study highlights the need to diversify the funding base for NP management in order to ensure sustainable financing by presenting country-specific examples.

Regulatory Competition, Coordination and Polity Convergence in the Covid Ecosystemic Crisis: A Policy Approach

The paper briefly sketches different "adaptations” possible to address the Covid crisis and then advances three possible avenues for future policy analysis of Covid-related measures, each of these avenues being based on a "conjecture”, respectively an evolutionary, a critical, and a cosmopolitan, and conjecture. The evolutionary conjecture implies regulatory transplants, the critical conjecture elicits competition of Covid-related measures, and the cosmopolitan conjecture assumes coordination of policies. The paper discusses how these conjectures based on pre-Covid literature could explain the regulatory dynamics and then asserts that growing evidence shows that regulatory measures appear to naturally lead to a "polity convergence” based on a common core of "Covid-biopower” and "Covid-biopolitics”. This convergence defies the initial expectations that the fragmented reactions to the Covid crisis could be explained by using the traditional research tools and also poses unprecedented critical issues that demand an expansion of the horizon of policy research.

Most industrialised countries have peaked carbon dioxide emissions during economic crises through strengthened structural change.

As the climate targets tighten and countries are impacted by several crises, understanding how and under which conditions carbon dioxide emissions peak and start declining is gaining importance. We assess the timing of emissions peaks in all major emitters (1965-2019) and the extent to which past economic crises have impacted structural drivers of emissions contributing to emission peaks. We show that in 26 of 28 countries that have peaked emissions, the peak occurred just before or during a recession through the combined effect of lower economic growth (1.5 median percentage points per year) and decreasing energy and/or carbon intensity (0.7) during and after the crisis. In peak-and-decline countries, crises have typically magnified pre-existing improvements in structural change. In non-peaking countries, economic growth was less affected, and structural change effects were weaker or increased emissions. Crises do not automatically trigger peaks but may strengthen ongoing decarbonisation trends through several mechanisms.

Arctic Port Activity Management Digitalization in Ice Season

In the paper, there are presented digitalization development results for Arctic port activity management in ice season within Industry 4.0 period under climate change and COVID-19 pandemic. In study, there are used situational analysis, web technologies and building database methods in distributed networks. As the research result, to increase the efficiency and reliability of port activity management in ice season within environmental economics, it is proposed the using of geodata from remote sensing and modelling. As the digital managerial support instrument, it is proposed to use aggregate modular managerial decision support system, which integrate the heterogeneous hardware and the software resources in distributed networks. As the research results, there are demonstrated examples for arctic ports in the area of the Ob and Yenisei rivers. The research results presented in this article has significant scientific novelty and can be useful to different players within Arctic port activity management in ice season, including insurance business. © 2023, The Author(s), under exclusive license to Springer Nature Switzerland AG.

Can China's Digital Economy and Green Economy Achieve Coordinated Development?

The coordinated development of the digital economy and green economy is a key issue that needs to be addressed. Based on the statistical data of 30 provincial-level regions in China from 2014 to 2019, this study empirically analyzed whether China's digital economy and green economy can achieve coordinated development. In this study, a coupling coordination degree model was used to evaluate the degree of coordinated development of the digital economy and green economy in provincial regions of China. A fuzzy-set qualitative comparative analysis method was adopted to identify the realization path of the coordinated development of the digital economy and green economy. The results show the following: (1) the coordinated development degree of the digital economy and green economy in China shows an upward trend from primary coordination in 2014 to intermediate-level coordination in 2019, with great differences between different regions;(2) there are five paths to achieve coordinated development of the digital economy and green economy, which are divided into two categories (technology–environment dual-drive type, and technology–organization–environment linkage drive type);(3) technological innovation capability and government financial support can substitute for one another under certain conditions to achieve the coordinated development of the digital economy and green economy. These conclusions provide a theoretical basis for countries to formulate policies to promote the coordinated development of their digital economy and green economy.

Negative Sentiment Modeling and Public Legal Liability from Urban Green Space: A Framework for Policy Action in China

This paper intends to optimize the urban green space (UGS) management and implementation strategies by analyzing climate change models and reviewing economic, energy, and public health policies. This paper studies the public perception of climate change-induced public health emergency (PHE) in China by surveying online public comments. Specifically, it looks into public health perception, anxiety perception, relative deprivation, and emotional polarity from public online comments. The following conclusions are drawn through the empirical test of 179 questionnaires. The findings revealed that health risk perception has a positive predictive effect on relative deprivation and anxiety perception. The higher the health risk perception, the stronger the relative deprivation and anxiety are. Anxiety perception and relative deprivation have mediating effects in the model. In addition, the main research method adopts a questionnaire survey. The mediating effect between each variable is further studied. This paper analyzes the citizens' right to health and public health protection under climate change, and explains public risk perception and anxiety perception. Meanwhile, the evaluation cases are used to analyze the public health and UGS construction strategies to suggest climate compensation laws and improve the urban greening rate. This finding has practical reference value for promoting the deep integration of UGS and public health. It can promote the development and planning of UGS under climate change and biodiversity loss and has significant reference value for improving negative emotions and the public legal liability system.

Analysis of environmental performance and interactivity of ports and regions

The port is the basic support for regional economic development and the global allocation of resources. With the rapid development of China's economy and growing ecological awareness, the assessment of port and regional efficiency has received unprecedented attention. In the current context of the COVID-19 pandemic, how the port and its region will be coordinated under the common goal of development has become a hot topic. In this study, the port subsystem (P-subsystem) and the regional subsystem (R-subsystem) are unified into the port–region system (PR system), and a new meta-frontier two-stage data envelopment analysis model is constructed to evaluate the P-subsystem efficiency and the environmental efficiency of the PR system. This research also measures the port–regional coordination level using the coordination index and explores the inefficiency of the PR system with the help of management improvement and technology improvement indices. Main results show that the overall efficiency of the Chinese PR system is increasing. The technological level of the PR system in coastal areas is close to the optimal level. The inefficiency of the Chinese PR system is mainly affected by management inefficiency. The coordination of regional and port development in China is also poor. Finally, on the basis of the research findings, this study provides targeted countermeasure suggestions to promote the efficiency enhancement and coordinated development of the PR system. © 2023 Elsevier Ltd

Offerings and challenges of demand response ventilation under covid-19 scenarios

Owning to the outbreak of COVID-19, individuals have to spend more time indoor. It is therefore essential to prepare for a long-term healthy indoor working environment in the transition of post COVID-19 pandemic. However, there is no relevant research so far in investigating such crisis impacts around indoor environmental quality and economic-health issues while home offices are expected becoming common practice soon. Therefore, a case of single-family house in Sweden is specially investigated using IDA ICE. By comparing four predominant ventilation approaches, three operational schedules are proposed, covering different confinement for occupants. Main results show that the demand response ventilation (DRV) generally should sacrifice in remarkable performance in energy saving, and emission reduction to better confront with more challenges in indoor air quality, occupied thermal dissatisfaction fraction and air stagnation under the challenge of COVID-19 pandemic scenario. Altered ventilation strategy should be customized from increased outdoor air supply, various demand-control signal, displacement method towards a heathier homeworking environment. © International Building Performance Simulation Association, 2022

Aquaculture Production in the Midst of GHG Emissions in South Africa

The study ascertained the relationship between aquaculture production and greenhouse gas (GHG) emissions in South Africa. The study used the Autoregressive Distributed Lag—Error Correction Model (ARDL-VECM) with time series data between 1990 and 2020. The results showed that the mean annual aquaculture production, GHG emissions, and Gross Domestic Product (GDP) in the period were 5200 tonnes, 412 tonnes, and US$447 billion, respectively. There was a long-run relationship between GHG emissions and GDP. In the short run, GHG emissions had a positive relationship with GDP and a negative relationship with beef production. Furthermore, there was a bi-directional relationship between aquaculture production and GHG emissions. In addition, beef production and GDP had a bi-directional relationship. Beef production also had a positive relationship with aquaculture production. The study concludes that aquaculture production is affected and tends to affect GHG emissions. Aquaculture legislation should consider GHG emissions in South Africa and promote sustainable production techniques.

Analysis of Dynamic Connectedness Relationships among Clean Energy, Carbon Emission Allowance, and BIST Indexes

Understanding and examining energy markets correctly is crucial for stakeholders to attain maximum benefit and avoid risks. As a matter of fact, the volatility that occurred in energy markets and recent crises had major impacts on national economies. Dynamic connectedness relationships (DCRs) can make quite powerful predictions for both low-frequency data and limited time-series data. The objective of this study is to explicate the dynamic connectedness relationships among the BIST sustainability index, BIST 100 index, S&P Global Clean Energy index (S&P GCEI), and S&P GSCI carbon emission allowances (EUA). The daily data obtained over the period 11 April 2014–11 November 2022 were used for the research study. The DCRs among the variables used in the study were investigated by employing the time-varying parameter vector autoregressive (TVP-VAR) model. As a result of the study, the volatility from carbon emission allowances was determined to spill over to S&P GCEI, BIST 100, and BIST sustainability indexes. During the COVID-19 pandemic, significant reductions were detected in the volatility spillover (VS) from carbon emission allowances to S&P GCEI, BIST 100, and BIST sustainability indexes. Moreover, it was revealed that a weak VS existed from S&P GCEI to BIST sustainability and BIST 100 indexes. The findings reveal the importance of policymakers taking some incentive measures in EUA prices and also its role in portfolio diversification. © 2023 by the authors.

Rational Use of Russia's Own Workforce from the Perspective of Environmental Economics

The paper is devoted to assessing the possibilities of using labor resources in the Russian economy, when considering it as a closed ecosystem. Due to the sanctions, which will significantly limit the possibility of using foreign labor, the issue of rational and economical use of labor resources becomes relevant. The basis for the reproduction of the number of employed is the permanent population of the country. As factors influencing the dynamics of the process, control actions are chosen in the form of employment levels of the population. The processes of aging of the labor force in Russia are predicted as a result of the pension reform due to an increase in the average age of the employed by about one year. The forecast estimate of the economy's additional annual demand for personnel shows, on average, a one-third decrease in the volume of annual demand for personnel. The simulation modeling of the forecast number of the employed population in Russia made it possible to assess the potential volume of labor resources that the country can count on in the future. This will help to make scientifically based management decisions to improve the efficiency of the use of available labor resources. © 2023, The Author(s), under exclusive license to Springer Nature Switzerland AG.

The beneficial role of green bonds as a new strategic asset class: Dynamic dependencies, allocation and diversification before and during the pandemic era

The paper proposes a full comprehensive analysis of green bond diversification benefits, their co-movement with multiple market indices, and the corresponding implications for portfolio allocation. Based on a time frame of seven years, divided into four sub-periods, the co-movements of green-bond indices, i.e. Solactive Green Bond Index and Bloomberg Barclays MSCI Green Bond Index, and the stock/bond market have been described, shedding light on the connections with sectors most affected by the Covid-19 pandemic. The Solactive Green Bond Index is found to provide the greater diversification benefit of the two green-bond indices, on average during the seven years and also during the pandemic. Allocation strategies and risk performances have also been analyzed to assess the impact of green-bond indices on otherwise traditional portfolios;their diversification power is discussed by use of traditional measures and an additional behavioral approach, drawing attention to its evolution in time and its consistency in terms of diminished risks and increased returns. Portfolios constructed with the inclusion of green bonds prove preferable in terms of risk, in all periods and for all strategies, while the superiority of returns depends on the allocation strategy. © 2023 Elsevier B.V.

A Comparative Analysis of the Fintech Ecosystems in Romania and Estonia

Romania and Estonia both have young fintech ecosystems that are growing rapidly and closing the gap with the more developed ecosystem in Western Europe. Although Romania is larger both in terms of population and GDP, the Romanian fintech ecosystem is almost 4 times smaller than the Estonian one. In this paper the author examines what are the factors that are contributing to the faster development of the Estonian ecosystem and whether some of these factors can be replicated in other countries, besides Romania. My results indicate that factors such as a government that is open to innova tion and working with startups, a more international mindset of the startups and better collaboration between fintech startups themselves and between the startups and universities can accelerate the development of the ecosystem and help the startups grow faster. My results both confirm existing studies on the subject and can help the stakeholders in the ecosystem better work together to accelerate the development of the ecosystem and, ultimately, better service their clients. These success factors that have contributed to the faster development of the Estonian ecosystem can most, if not all, be replica ted in Romania and other countries in the region to achieve similar, if not better results. The silver line between all this factor is a change in mindset that allows for a better collaboration between the stakeholders in the ecosystem, but also for improved individual business models and more innovative products and services that we can all benefit from.

Green Fiscal Stimulus in Indonesia and Vietnam: A Reality Check of Two Emerging Economies

The COVID-19 pandemic has caused economic and social upheaval across countries. The global economy suffered its biggest slump in four decades while the decades of progress in poverty reduction are now in reverse. However, the pandemic presents a window of opportunity for a greener world. In contrast to fossil fuel, renewable energy showed resilience throughout the pandemic, where the demand and investment in this sector continued to increase. The opportunity for a post-COVID-19 green recovery also comes from billions of government fiscal measures in response to COVID-19. Using the case of two emerging economies, Indonesia and Vietnam, this paper investigates whether the stimulus plans align with a country's sustainable energy and climate targets. This study finds that despite ambitious country targets for green energy transition, these countries may miss opportunities for a green future due to limited fiscal measures directed to green recovery. The pandemic has exacerbated public fiscal budgets that may further limit the capacity to fund green projects. Amidst the uncertainty and challenges brought by the pandemic, it is critical to balance between promoting economic recovery and achieving sustainable energy and climate targets. To this end, the authors suggest several policy recommendations to achieve these targets amid uncertainty brought by the COVID-19 pandemic for emerging economies. © 2023 by the authors.

From COVID-19 to Green Recovery with natural capital accounting

The COVID-19 pandemic and related social and economic emergencies induced massive public spending and increased global debt. Economic recovery is now an opportunity to rebuild natural capital alongside financial, physical, social and human capital, for long-term societal benefit. Yet, current decision-making is dominated by economic imperatives and information systems that do not consider society's dependence on natural capital and the ecosystem services it provides. New international standards for natural capital accounting (NCA) are now available to integrate environmental information into government decision-making. By revealing the effects of policies that influence natural capital, NCA supports identification, implementation and monitoring of Green Recovery pathways, including where environment and economy are most positively interlinked. © 2022, The Author(s).

Green financing for sustainable development: Insights from multiple cases of Vietnamese commercial banks

Although the public sector is seen as the main party responsible for taking action on climate change and sustainable development, private commercial banks are in a unique position to support or shift the funding focus on green investment. By employing a qualitative research approach based on six commercial banks, this paper aims to investigate the current practices of how commercial banks are contributing to advance green business initiatives. Accordingly, this research examines and identifies the facilitators and challenges in domestic and foreign commercial banks in Vietnam which support green business initiatives. In addition to addressing the recent calls for the investigation of the role of commercial banks in facilitating green finance, our study expands the emerging literature by demonstrating the current efforts of Vietnam's commercial banks in fostering green finance during the Covid-19 pandemic. © 2022 ERP Environment and John Wiley & Sons Ltd.