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

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

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OECD FORD obor

50201 - Economic Theory

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2024

Kód důvěrnosti údajů

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.

Název periodika

Journal of Environmental Management

ISSN

0301-4797

e-ISSN

0301-4797

Svazek periodika

360

Číslo periodika v rámci svazku

Neuvedeno

Stát vydavatele periodika

GB - Spojené království Velké Británie a Severního Irska

Počet stran výsledku

11

Strana od-do

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Kód UT WoS článku

001304514500001

EID výsledku v databázi Scopus

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