INVESTMENT ON ESG-PRINCIPLES AS A DETERMINING FACTOR OF INFLUENCE ON THE COMPETITIVENESS OF METALLURGICAL ENTERPRISES

2021 ◽  
Vol 296 (4) ◽  
pp. 66-72
Author(s):  
ALLA TKACHENKO ◽  
◽  
ELEONORA KOLESNIK ◽  
Keyword(s):  
Economic Growth ◽  
Current Model ◽  
Regulatory Environment ◽  
Low Carbon ◽  
Natural Ecosystems ◽  
Low Carbon Economy ◽  
International Regulations ◽  
Definition Of ◽  
The Impact ◽  
The Competitiveness Of Enterprises

The article states that the traditional model of economic growth of metallurgy due to the export of energy-intensive products no longer works, new impulses and effective tools are needed to transform the current model of economic growth to the latest model – the model of low-carbon production. Emphasis is placed on the importance of ESG-investment in the process of transformation to a low-carbon economy and its impact on the competitiveness of enterprises. It is substantiated that the introduction of ESG-investment requires the formation of a certain regulatory environment, and accordingly to clarify the substantive component of this concept and its operationalization, bringing the concept to a form that will work with it on a practical level, operate it in solving specific analytical and forecasting tasks, verify or refute research hypotheses. The author’s definition of ESG investing is proposed as an investment aimed at minimizing ESG risks, reducing environmental pollution to levels that do not harm human health and natural ecosystems, as well as strengthening social responsibility and improving corporate governance. It is substantiated that Ukraine’s delay in ratifying international regulations on the introduction of ESG-investing and ignoring the world experience in creating a regulatory environment for investing in ESG-principles threatens metallurgical enterprises with the loss of investors and, accordingly, competitive positions in the global metal market. Using specific examples from world experience, the need to recognize the standardization of reporting on the impact of business on climate and environment, one of the priority issues in the formation of the regulatory environment of ESG-investment. An arsenal of effective measures for the formation of the regulatory environment of ESG-investment, the introduction of which in domestic practice will allow to make effective and optimal management decisions to maintain the position of domestic metallurgical enterprises in the TOP-10 leading countries in metal production.

scholarly journals The impact of low-carbon emission reduction policies on economic growth

2021 ◽  
Vol 275 ◽  
pp. 02037
Author(s):  
Yuqi Sheng
Keyword(s):  
Economic Growth ◽  
Emission Reduction ◽  
Carbon Emission ◽  
Significant Negative Correlation ◽  
Low Carbon ◽  
Carbon Emission Reduction ◽  
Low Carbon Economy ◽  
Carbon Neutrality ◽  
Consuming Country ◽  
The Impact

As the development of a green and low-carbon economy has received great attention from governments around the world, carbon peaking and carbon neutrality have become important issues raised by China. As a major energy consuming country, government has actively formulated and implemented various carbon emission reduction policies in order to curb carbon emissions. Whether these policies achieve economic growth in the process of energy conservation and emission reduction, and promote China’s green and low-carbon development transition is the focus of this paper. This paper selects data from 30 provinces in China from 2010 to 2019, establishes a model, and empirically analysis the impact of carbon emission reduction policy tools on economic growth. The results show that there is a significant negative correlation between mandatory carbon emission reduction policies and economic growth, while market-based carbon emission reduction policies enhance the economic strength of the region. In addition, this paper empirically tests that after the establishment of the carbon market in 2013, market-based carbon emission reduction policies have significantly promoted economic growth, and the impact of carbon emission reduction policies on economic growth have regional heterogeneity.

Low-Carbon Economy: Terms of Trade and Welfare Effect of China

2010 ◽  
Vol 113-116 ◽  
pp. 91-95
Author(s):  
Zhi Xue Yang
Keyword(s):  
Economic Growth ◽  
Industrial Structure ◽  
Carbon Trading ◽  
Low Carbon ◽  
Low Carbon Economy ◽  
Trade Model ◽  
International Environment ◽  
The Impact ◽  
The Relationship ◽  
Carbon Economy

Controlling CO2 emissions without hindering economic development is a major challenge for China. Carbon barrier is a new trade barrier related with carbon trading, which will be a new tool of protectionism in foreign trade. This article expounds the relationship between international trade and economic growth by a standard trade model, analyzes the impact on trade and economic growth of carbon barrier by join a new variable in the model. We suggest that China should create a favorable international environment, draw up carbon trading policies and regulations, actively participate in international carbon trading, fight for pricing by boosting domestic carbon trading market, and take an active and effective adjustment of its industrial structure, increasing the share of service trade as well as other low-carbon forms and methods of trade to cope with the challenge.

scholarly journals The Tapio Decoupling Principle and Key Strategies for Changing Factors of Chinese Urban Carbon Footprint Based on Cloud Computing

2021 ◽  
Vol 18 (4) ◽  
pp. 2101
Author(s):  
Min Shang ◽  
Ji Luo
Keyword(s):  
Economic Growth ◽  
Cloud Computing ◽  
Carbon Footprint ◽  
Driving Factors ◽  
City Size ◽  
Series Data ◽  
Marginal Effect ◽  
Low Carbon ◽  
The Impact ◽  
Xi’An City

The expansion of Xi’an City has caused the consumption of energy and land resources, leading to serious environmental pollution problems. For this purpose, this study was carried out to measure the carbon carrying capacity, net carbon footprint and net carbon footprint pressure index of Xi’an City, and to characterize the carbon sequestration capacity of Xi’an ecosystem, thereby laying a foundation for developing comprehensive and reasonable low-carbon development measures. This study expects to provide a reference for China to develop a low-carbon economy through Tapio decoupling principle. The decoupling relationship between CO2 and driving factors was explored through Tapio decoupling model. The time-series data was used to calculate the carbon footprint. The auto-encoder in deep learning technology was combined with the parallel algorithm in cloud computing. A general multilayer perceptron neural network realized by a parallel BP learning algorithm was proposed based on Map-Reduce on a cloud computing cluster. A partial least squares (PLS) regression model was constructed to analyze driving factors. The results show that in terms of city size, the variable importance in projection (VIP) output of the urbanization rate has a strong inhibitory effect on carbon footprint growth, and the VIP value of permanent population ranks the last; in terms of economic development, the impact of fixed asset investment and added value of the secondary industry on carbon footprint ranks third and fourth. As a result, the marginal effect of carbon footprint is greater than that of economic growth after economic growth reaches a certain stage, revealing that the driving forces and mechanisms can promote the growth of urban space.

scholarly journals Application of Multi-Actor Multi-Criteria Analysis for Transition Management in Energy Communities

2021 ◽  
Vol 13 (4) ◽  
pp. 1783
Author(s):  
Maria Luisa Lode ◽  
Geert te Boveldt ◽  
Cathy Macharis ◽  
Thierry Coosemans
Keyword(s):  
Social Representation ◽  
Added Value ◽  
Final Decision ◽  
Transition Management ◽  
Low Carbon ◽  
Current Application ◽  
Low Carbon Economy ◽  
Multi Criteria Analysis ◽  
Multi Stakeholder ◽  
The Impact

Energy communities (ECs) play a role in the transition towards a low-carbon economy by 2050 and receive increasing attention from stakeholders within the energy sector. To foster ECs, transition management (TM) is a promising managerial approach to steer and guide the transition towards more sustainable practices. However, TM lacks a consistent methodology that addresses the criticism of the current application. To investigate what a structured and replicable TM approach for ECs can look like, this paper applies the multi-actor multi-criteria analysis (MAMCA), a participative multi-criteria decision method, to a case study EC in the Netherlands involving various stakeholders. The impact of the application on power relations, the political sphere, sustainability conceptualization, guidance of transitions, and representation was analyzed. MAMCA was found useful for multi-stakeholder settings seen in potential ECs, offering a unifying methodology for the practical application of TM. In the EC setting, the added value of MAMCA within TM lies more in the social representation, insight into stakeholder viewpoints, and communication rather than in final decision-making.

Research on Countermeasures Used in Low-Carbon Economy to Promote the Sustainable Development in Fujian Province of China

2011 ◽  
Vol 347-353 ◽  
pp. 2811-2814
Author(s):  
Nan Zhu ◽  
Bao Ming Li
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Legal System ◽  
Low Carbon ◽  
Fujian Province ◽  
Conservation Of Energy ◽  
The Sustainable Development ◽  
Low Carbon Economy ◽  
Develop Economy ◽  
Carbon Economy

Low-carbon economy is a new path which our country is taking to develop economy. As one of the provinces in the southeast coast of China, Fujian develop a low-carbon economy directly relating to the transformation of its economic growth, conservation of energy, improvement of productivity, innovation of technology and so on. We can say that the development of low-carbon economy directly affects the sustainable development of economy and society in Fujian province of China. Therefore, firstly, we believe that government and enterprise should optimize the allocation of resource and improve the utilization of resource. Secondly, the tax policies are supposed to adjust to stimulate the development of environmental protection industry. Thirdly, government should accelerate the construction of infrastructures. Fourthly, the legal system needs to be built and perfected so as to promote the development of low-carbon economy. At last, the investment of techniques is supposed to increase to a certain degree, and the ability of innovation and management of enterprises should be promoted to adapt the development of low-carbon economy of Fujian province.

China’s energy policies and strategies for climate change and energy security

2020 ◽  
Vol 13 (2) ◽  
pp. 141-156 ◽  
Author(s):  
Haifeng Deng ◽  
Paolo Davide Farah
Keyword(s):  
Climate Change ◽  
Energy Security ◽  
Three Dimensions ◽  
Chinese Government ◽  
Low Carbon ◽  
Low Carbon Economy ◽  
Energy Economy ◽  
International Data ◽  
National Energy Security ◽  
Definition Of

Abstract National energy security, parallel with the ultimate goal of emissions reductions, is of utmost priority for the Chinese government. In order to comply with the requirements set by the Kyoto Protocol, the Chinese government announced, on 25 November 2009, that 2020’s CO2 emissions would be reduced by 40–45 per cent in accordance with the data collected from 2005. Said goal was met three years ahead of schedule. Even in light of such an accomplishment, however, commentators suggest that the overall nationally determined contributions (NDCs) made by the Parties belonging to the Paris agreement are not enough to reduce global warming by even 2°C. This article focuses on the concept of energy security in assessing whether, and how, the priorities related to climate change are gradually changing. After analysing climate change’s impact on China, conducted via an analysis of the study’s available literature and through the support of international data, this article mainly focuses on the concept of energy security, itself. Under the second section, based on the examination of China’s efforts to transition towards a low-carbon economy, the authors provide a holistic definition of energy security through the lens of three dimensions: energy supply security, energy economy and energy ecological security. The third section, in turn, addresses the relationship between energy security and climate change. The results presented in the conclusion insist that, in order to strengthen environmental protection in China, it is crucial to reform the highly inefficient and strictly regulated national energy market. In doing so, China’s transition to a low-carbon society and economy could prove less painful, as China’s available resources offer the potential for a strengthened ecological dimension and sustained socio-economic development.

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