Evaluating the effects of ECON-ESG on load capacity factor in G7 countries

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F24%3A101579" target="_blank" >RIV/60460709:41110/24:101579 - isvavai.cz</a>

Result on the web

<a href="https://www.sciencedirect.com/science/article/pii/S0301479724011630" target="_blank" >https://www.sciencedirect.com/science/article/pii/S0301479724011630</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.jenvman.2024.121177" target="_blank" >10.1016/j.jenvman.2024.121177</a>

Result language

angličtina

Original language name

Evaluating the effects of ECON-ESG on load capacity factor in G7 countries

Original language description

For the first time, this study introduces the ECON-ESG quadruple, developed by Is,& imath;k et al. (2024a), by adding the economy (ECON) dimension to the classical ESG (environment, social, governance) triad. Based on this new concept, it explores the impact of ECON-ESG factors on the Load Capacity Factor (LCF) in G7. The impact of ECON-ESG factors on LCF is vital because sustainability through these factors plays a critical role in a sustainable environment with LCF. CS-ARDL model finds that while governance factors (GOVNF) positively affect LCF, economic factors (ECONF) have negative effects. Environmental factors (ENVF) and social factors (SOCF) do not affect LCF. These findings can be interpreted as follows: (i) Negative effects of ECONF on LCF can be interpreted as high productivity levels in G7 leading to high resource consumption, exceeding biocapacity. (ii) In G7 with high-income levels, increased consumption may lead to overconsumption of natural resources and exceeding biocapacity. (iii) High technological progress in G7 can sometimes paradoxically lead to greater resource consumption rather than encouraging more efficient resource use, increasing an ecological footprint. The positive effects of GOVNF on LCF can be interpreted as follows: (iv) High and quality governance practices and policies in G7 can increase biocapacity. (vi) Under good governance, governments and environmental organizations can positively impact LCF by raising public awareness of environmental issues and enabling society to use natural resources more sustainably. Therefore, policymakers should harmonize economic policies through ECONF and governance policies through social factors (GOVNF), which contradict each other in LCF. Additionally, the effect of the single composite form ECON-ESG introduced and proposed in this study on LCF is found to be negative. This requires policymakers and firms to re-evaluate their sustainability one more time from a holistic perspective, including economic factors, as done in this study.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50201 - Economic Theory

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2024

Confidentiality

C - Předmět řešení projektu podléhá obchodnímu tajemství (§ 504 Občanského zákoníku), ale název projektu, cíle projektu a u ukončeného nebo zastaveného projektu zhodnocení výsledku řešení projektu (údaje P03, P04, P15, P19, P29, PN8) dodané do CEP, jsou upraveny tak, aby byly zveřejnitelné.

Name of the periodical

Journal of Environmental Management

ISSN

0301-4797

e-ISSN

0301-4797

Volume of the periodical

360

Issue of the periodical within the volume

Neuvedeno

Country of publishing house

GB - UNITED KINGDOM

Number of pages

11

Pages from-to

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UT code for WoS article

001304514500001

EID of the result in the Scopus database

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