Pub Date : 2023-12-11DOI: 10.1080/21606544.2023.2291055
L. Arata, Giulia Tiboldo, P. Sckokai
{"title":"Non-market value of recreational areas for hiking: the case of the Apennines around Parma","authors":"L. Arata, Giulia Tiboldo, P. Sckokai","doi":"10.1080/21606544.2023.2291055","DOIUrl":"https://doi.org/10.1080/21606544.2023.2291055","url":null,"abstract":"","PeriodicalId":44903,"journal":{"name":"Journal of Environmental Economics and Policy","volume":null,"pages":null},"PeriodicalIF":2.6,"publicationDate":"2023-12-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138978593","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-11-29DOI: 10.1080/21606544.2023.2287190
Tanzila Akmal, Faisal Jamil, Muhammad Haseeb Raza, Cosimo Magazzino
{"title":"The externality cost of environmental (dis)amenities in the urban housing market: an emerging evidence from Pakistan","authors":"Tanzila Akmal, Faisal Jamil, Muhammad Haseeb Raza, Cosimo Magazzino","doi":"10.1080/21606544.2023.2287190","DOIUrl":"https://doi.org/10.1080/21606544.2023.2287190","url":null,"abstract":"","PeriodicalId":44903,"journal":{"name":"Journal of Environmental Economics and Policy","volume":null,"pages":null},"PeriodicalIF":2.6,"publicationDate":"2023-11-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139210415","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-11-10DOI: 10.1080/21606544.2023.2279963
Kabiru Kamalu, Wan Hakimah Binti Wan Ibrahim
ABSTRACTDespite the role of energy in growth and development, the consumption of fossil fuel rises the global temperature, which poses a significant threat to the full decarbonization agenda of the global community. This study examines the impact of environmental tax and renewable energy on the full decarbonization of 25 developing countries with data from 1993 to 2019. The study used DCCE and CS-ARDL estimators, and the results revealed that environmental tax and renewable energy promote full decarbonization. Moreover, the evidence indicates the validity of the environmental Kuznets curve (EKC) in developing countries, with a turning point at 2.56 in the DCCE to 1.44 in the CS-ARDL. Also, the findings confirmed financial development's role in enhancing renewable energy's impact on full decarbonization in developing countries. Therefore, of this study confirmed the ‘double dividend’ hypothesis that environmental tax policy can mitigate CO2 emissions, correct ecological externalities, and generate revenue. Policymakers in developing countries should strive to undertake tax reform to achieve efficient tax system. In addition, they should formulate and enforce effective environmental tax policies to accelerate full decarbonization and achieve SDGs. Also, massive investment should be channeled to renewable energy projects to provide affordable and cleaner energy, to minimize the consumption of fossil fuel.KEYWORDS: Environmental tax; renewable energy; decarbonizationenvironmental Kuznets curveJEL: H20Q20Q50Q56 Disclosure statementNo potential conflict of interest was reported by the author(s).Data availabilityThe data for this research are obtained from World Development Indicators, the world bank database, and OECD database, which are publicly available. Also, can be obtained from the corresponding author.
{"title":"Towards full decarbonization: does environmental tax and renewable energy matters in developing countries?","authors":"Kabiru Kamalu, Wan Hakimah Binti Wan Ibrahim","doi":"10.1080/21606544.2023.2279963","DOIUrl":"https://doi.org/10.1080/21606544.2023.2279963","url":null,"abstract":"ABSTRACTDespite the role of energy in growth and development, the consumption of fossil fuel rises the global temperature, which poses a significant threat to the full decarbonization agenda of the global community. This study examines the impact of environmental tax and renewable energy on the full decarbonization of 25 developing countries with data from 1993 to 2019. The study used DCCE and CS-ARDL estimators, and the results revealed that environmental tax and renewable energy promote full decarbonization. Moreover, the evidence indicates the validity of the environmental Kuznets curve (EKC) in developing countries, with a turning point at 2.56 in the DCCE to 1.44 in the CS-ARDL. Also, the findings confirmed financial development's role in enhancing renewable energy's impact on full decarbonization in developing countries. Therefore, of this study confirmed the ‘double dividend’ hypothesis that environmental tax policy can mitigate CO2 emissions, correct ecological externalities, and generate revenue. Policymakers in developing countries should strive to undertake tax reform to achieve efficient tax system. In addition, they should formulate and enforce effective environmental tax policies to accelerate full decarbonization and achieve SDGs. Also, massive investment should be channeled to renewable energy projects to provide affordable and cleaner energy, to minimize the consumption of fossil fuel.KEYWORDS: Environmental tax; renewable energy; decarbonizationenvironmental Kuznets curveJEL: H20Q20Q50Q56 Disclosure statementNo potential conflict of interest was reported by the author(s).Data availabilityThe data for this research are obtained from World Development Indicators, the world bank database, and OECD database, which are publicly available. Also, can be obtained from the corresponding author.","PeriodicalId":44903,"journal":{"name":"Journal of Environmental Economics and Policy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-11-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135137046","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-10-30DOI: 10.1080/21606544.2023.2272822
Jesús Lucindo, Marisa Feijóo, María A. González-Álvarez
ABSTRACTIn recent decades, Spain has undergone a strong economic expansion; however, it has not made a robust response to fulfil the international greenhouse gas Paris Agreement targets. Thus, understanding the dynamics of the environmental performance of the Spanish regions is essential for policymakers. We explore the convergence process of emissions intensity at the regional level during 1990–2018, differentiating between direct and diffuse emission sector, based on the degree of energy intensity of economic activities, which is the most novel aspect of our analysis. Our results recognise several convergence clubs; predominantly, the determining factors are income level and added value breakdown, the energy mix of renewable power, as well as the temperature of the climate. In any event, the dispersion of behaviours and the existence of different factors driving the convergence process highlight the need for customised policies at the regional scale.Key Policy HighlightsCustomised environmental policies are vital for regions in Spain with varying emissions levels.National consensus is needed to reduce emissions across industries, transportation, businesses, households, and agriculture.Targeted development can mitigate environmental impact, aiding policymakers.Regions that are falling behind should prioritise renewable energy promotion.Energy conservation laws must be mandatory henceforth.KEYWORDS: Emission intensityconvergenceclubs/clusterssectorsSpain Disclosure statementNo potential conflict of interest was reported by the author(s).Data accessibility statementThe data that support the findings of this study are available from the corresponding author upon reasonable request.Notes1 The figures for the autonomous cities are not shown individually because of their low degree of representation. In this manner, our subsequent analysis always has 18 regions, the last one being the combination of Ceuta and Melilla (CYM).2 The smoothing parameter, λ, of the Hodrick-Prescott filter should be adjusted when changing the frequency of observations which can affect the results of filtering (Ravn and Uhlig Citation2002). We have defined λ= 400 as noted (Phillips and Sul Citation2009). Results do not change significantly with λ=100 for annual data.
{"title":"Assessing regional convergence of greenhouse gas emissions in Spain: insights from economic activities","authors":"Jesús Lucindo, Marisa Feijóo, María A. González-Álvarez","doi":"10.1080/21606544.2023.2272822","DOIUrl":"https://doi.org/10.1080/21606544.2023.2272822","url":null,"abstract":"ABSTRACTIn recent decades, Spain has undergone a strong economic expansion; however, it has not made a robust response to fulfil the international greenhouse gas Paris Agreement targets. Thus, understanding the dynamics of the environmental performance of the Spanish regions is essential for policymakers. We explore the convergence process of emissions intensity at the regional level during 1990–2018, differentiating between direct and diffuse emission sector, based on the degree of energy intensity of economic activities, which is the most novel aspect of our analysis. Our results recognise several convergence clubs; predominantly, the determining factors are income level and added value breakdown, the energy mix of renewable power, as well as the temperature of the climate. In any event, the dispersion of behaviours and the existence of different factors driving the convergence process highlight the need for customised policies at the regional scale.Key Policy HighlightsCustomised environmental policies are vital for regions in Spain with varying emissions levels.National consensus is needed to reduce emissions across industries, transportation, businesses, households, and agriculture.Targeted development can mitigate environmental impact, aiding policymakers.Regions that are falling behind should prioritise renewable energy promotion.Energy conservation laws must be mandatory henceforth.KEYWORDS: Emission intensityconvergenceclubs/clusterssectorsSpain Disclosure statementNo potential conflict of interest was reported by the author(s).Data accessibility statementThe data that support the findings of this study are available from the corresponding author upon reasonable request.Notes1 The figures for the autonomous cities are not shown individually because of their low degree of representation. In this manner, our subsequent analysis always has 18 regions, the last one being the combination of Ceuta and Melilla (CYM).2 The smoothing parameter, λ, of the Hodrick-Prescott filter should be adjusted when changing the frequency of observations which can affect the results of filtering (Ravn and Uhlig Citation2002). We have defined λ= 400 as noted (Phillips and Sul Citation2009). Results do not change significantly with λ=100 for annual data.","PeriodicalId":44903,"journal":{"name":"Journal of Environmental Economics and Policy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136068534","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-10-13DOI: 10.1080/21606544.2023.2268048
Cam Anh Thi Pham, Ngoc Kien Do
ABSTRACTThis study employed the discrete choice experiment (DCE) to examine consumers’ willingness to gain access to public information on water quality and the tradeoffs. We estimated that if water quality information is provided monthly, weekly, and daily, consumers are willing to pay an additional 28, 29, and 37 thousand VND per cubic metre, respectively. Consumers highly value the transparency of water quality information. High-income consumers are willing to pay more for water quality improvements and transparent water quality information. Further, having safe filter to drink water and potable tap water rather than unsafe drinking water equals an additional 5 and 7 thousand VND per cubic metre in customers’ willingness to pay. Consumers also prefer state-controlled water companies to private companies. In the case of private water companies, consumers also expect these companies to have a high level of awareness about their corporate social responsibility. The findings provide evidence that information transparency in water quality can be a powerful tool that fosters public awareness and holds water companies accountable. Consumers are willing to pay to get access to information on water quality regularly. Since technology has evolved, a digital smart monitoring solution is no longer an option but a potential or a must.Highlights – Consumers highly value the transparency of water quality information.– Consumers are willing to pay an additional 28, 29, and 37 thousand VND per cubic metre if water quality information is provided monthly, weekly, and daily.– Consumers prefer state-controlled water companies to private companies.– Consumers who are unaware of corporate social responsibility are more sensitive to the transparency of water services and willing to pay an additional 40 thousand VND for frequent transparency disclosure.– Consumers who are living in the area affected by water incident are more sensitive to the transparency of water services than those in unaffected areas.KEYWORDS: Digitalizationdiscrete choice experimentwater supply Disclosure statementNo potential conflict of interest was reported by the author(s).Additional informationFundingThis research is funded by Foreign Trade University under the research programme number [FTURP-02-2020-03].
{"title":"Unlocking transparency in water information: a discrete choice experiment design","authors":"Cam Anh Thi Pham, Ngoc Kien Do","doi":"10.1080/21606544.2023.2268048","DOIUrl":"https://doi.org/10.1080/21606544.2023.2268048","url":null,"abstract":"ABSTRACTThis study employed the discrete choice experiment (DCE) to examine consumers’ willingness to gain access to public information on water quality and the tradeoffs. We estimated that if water quality information is provided monthly, weekly, and daily, consumers are willing to pay an additional 28, 29, and 37 thousand VND per cubic metre, respectively. Consumers highly value the transparency of water quality information. High-income consumers are willing to pay more for water quality improvements and transparent water quality information. Further, having safe filter to drink water and potable tap water rather than unsafe drinking water equals an additional 5 and 7 thousand VND per cubic metre in customers’ willingness to pay. Consumers also prefer state-controlled water companies to private companies. In the case of private water companies, consumers also expect these companies to have a high level of awareness about their corporate social responsibility. The findings provide evidence that information transparency in water quality can be a powerful tool that fosters public awareness and holds water companies accountable. Consumers are willing to pay to get access to information on water quality regularly. Since technology has evolved, a digital smart monitoring solution is no longer an option but a potential or a must.Highlights – Consumers highly value the transparency of water quality information.– Consumers are willing to pay an additional 28, 29, and 37 thousand VND per cubic metre if water quality information is provided monthly, weekly, and daily.– Consumers prefer state-controlled water companies to private companies.– Consumers who are unaware of corporate social responsibility are more sensitive to the transparency of water services and willing to pay an additional 40 thousand VND for frequent transparency disclosure.– Consumers who are living in the area affected by water incident are more sensitive to the transparency of water services than those in unaffected areas.KEYWORDS: Digitalizationdiscrete choice experimentwater supply Disclosure statementNo potential conflict of interest was reported by the author(s).Additional informationFundingThis research is funded by Foreign Trade University under the research programme number [FTURP-02-2020-03].","PeriodicalId":44903,"journal":{"name":"Journal of Environmental Economics and Policy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135853276","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-10-02DOI: 10.1080/21606544.2022.2149628
Galina Williams
Abstract The temporal stability of willingness to pay (WTP) estimates, from contingent valuation method (CVM) surveys, is required for reliable benefit transfer. While there have been numerous tests of the temporal stability of WTP estimates over a short time period, the evidence of the stability of WTP estimates over a long time period is limited. In this study, the temporal stability of WTP estimates for the emissions reduction over a ten-year period in Queensland, Australia is assessed. The first survey was conducted in 2009 at the end of the global financial and economic crises. The second survey was conducted in 2018 when the economic background changed significantly. The paper is focused on two main questions: (1) whether WTP is stable over a long time period under the changes in the background economic conditions and (2) if WTP is not stable, whether it is due to changes in socio-economic characteristics or underlying preferences. The results indicate that CVM estimates of WTP for emission reduction are stable over a ten-year period even after changes in underlying socio-economic conditions. However, care should be taken when transferring the estimates under the changes in the business cycle due to possible changes in WTP distribution.
{"title":"The temporal stability of WTP estimates for the emissions reduction using the contingent valuation survey in Queensland, Australia","authors":"Galina Williams","doi":"10.1080/21606544.2022.2149628","DOIUrl":"https://doi.org/10.1080/21606544.2022.2149628","url":null,"abstract":"Abstract The temporal stability of willingness to pay (WTP) estimates, from contingent valuation method (CVM) surveys, is required for reliable benefit transfer. While there have been numerous tests of the temporal stability of WTP estimates over a short time period, the evidence of the stability of WTP estimates over a long time period is limited. In this study, the temporal stability of WTP estimates for the emissions reduction over a ten-year period in Queensland, Australia is assessed. The first survey was conducted in 2009 at the end of the global financial and economic crises. The second survey was conducted in 2018 when the economic background changed significantly. The paper is focused on two main questions: (1) whether WTP is stable over a long time period under the changes in the background economic conditions and (2) if WTP is not stable, whether it is due to changes in socio-economic characteristics or underlying preferences. The results indicate that CVM estimates of WTP for emission reduction are stable over a ten-year period even after changes in underlying socio-economic conditions. However, care should be taken when transferring the estimates under the changes in the business cycle due to possible changes in WTP distribution.","PeriodicalId":44903,"journal":{"name":"Journal of Environmental Economics and Policy","volume":null,"pages":null},"PeriodicalIF":2.6,"publicationDate":"2023-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139324223","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-13DOI: 10.1080/21606544.2023.2255874
Scott Alan Carson
Methane is a greenhouse gas and the main constituent of natural gas. The Environmental Protection Agency (EPA)’s Quad-O regulates and limits the amount of methane emitted into the atmosphere during production. This study finds that Quad O’s short and long-run effects are minimal for equity holders and that its 2011 implementation did not systematically reduce returns, indicating that pollution abatement need not reduce wealth. To the degree shareholders were affected, upstream exploration & production and equipment & services were the only sectors affected by Quad-O.
{"title":"Quad O and firm ownership: the effects of oil and gas regulation on firm value","authors":"Scott Alan Carson","doi":"10.1080/21606544.2023.2255874","DOIUrl":"https://doi.org/10.1080/21606544.2023.2255874","url":null,"abstract":"Methane is a greenhouse gas and the main constituent of natural gas. The Environmental Protection Agency (EPA)’s Quad-O regulates and limits the amount of methane emitted into the atmosphere during production. This study finds that Quad O’s short and long-run effects are minimal for equity holders and that its 2011 implementation did not systematically reduce returns, indicating that pollution abatement need not reduce wealth. To the degree shareholders were affected, upstream exploration & production and equipment & services were the only sectors affected by Quad-O.","PeriodicalId":44903,"journal":{"name":"Journal of Environmental Economics and Policy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135734743","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-07DOI: 10.1080/21606544.2023.2248953
Gabriela Mundaca
{"title":"Willingness to pay to avoid mining with adverse externalities","authors":"Gabriela Mundaca","doi":"10.1080/21606544.2023.2248953","DOIUrl":"https://doi.org/10.1080/21606544.2023.2248953","url":null,"abstract":"","PeriodicalId":44903,"journal":{"name":"Journal of Environmental Economics and Policy","volume":null,"pages":null},"PeriodicalIF":2.6,"publicationDate":"2023-09-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47817368","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-03DOI: 10.1080/21606544.2023.2252784
Ram Ranjan
{"title":"Incentivizing endemic biodiversity conservation under a warming climate through market-based instruments","authors":"Ram Ranjan","doi":"10.1080/21606544.2023.2252784","DOIUrl":"https://doi.org/10.1080/21606544.2023.2252784","url":null,"abstract":"","PeriodicalId":44903,"journal":{"name":"Journal of Environmental Economics and Policy","volume":null,"pages":null},"PeriodicalIF":2.6,"publicationDate":"2023-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"60176144","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-24DOI: 10.1080/21606544.2023.2248951
Alexandra L. Egan, J. Rolfe, Sue Cassells, B. Chilvers
{"title":"Recreational impacts of an oil spill in a world heritage area: a combined travel cost and contingent behaviour method approach","authors":"Alexandra L. Egan, J. Rolfe, Sue Cassells, B. Chilvers","doi":"10.1080/21606544.2023.2248951","DOIUrl":"https://doi.org/10.1080/21606544.2023.2248951","url":null,"abstract":"","PeriodicalId":44903,"journal":{"name":"Journal of Environmental Economics and Policy","volume":null,"pages":null},"PeriodicalIF":2.6,"publicationDate":"2023-08-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44597030","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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