The utilization of a green financial system,particularly through the implementation of green credit,plays a pivotal role in fostering environmentally sustainable,low-carbon economic growth and facilitating the transit...The utilization of a green financial system,particularly through the implementation of green credit,plays a pivotal role in fostering environmentally sustainable,low-carbon economic growth and facilitating the transition toward a more ecologically responsible economy.This paper employs a two-way fixed-effects model,utilizing provincial panel data spanning from 2012 to 2020,to investigate the influence of green credit on regional carbon emissions within different regions of China.The results reveal a significant reduction in carbon emissions as a consequence of the green credit program’s implementation.The analysis of the pathway indicates that green credit is instrumental in mitigating carbon emissions by instigating shifts in the energy mix,with evidence suggesting a partial mediating effect.Furthermore,a heterogeneity analysis discovered that the suppressive impact of green credit on carbon emissions is more pronounced in the eastern and western regions of China,while it is less significant in the central and northeastern areas.The implications of this study provide robust evidence in support of the role of green credit in reducing carbon emissions and can serve as a valuable resource for policymakers aiming to promote the expansion of green credit programs and,in turn,contribute to substantial reductions in carbon emissions.展开更多
Carbon sequestration potential of tree species within forest reserves and other sites in Makurdi Benue state of Nigeria was investigated using non-destructive Walkley-Black technique. The result indicates that P. amer...Carbon sequestration potential of tree species within forest reserves and other sites in Makurdi Benue state of Nigeria was investigated using non-destructive Walkley-Black technique. The result indicates that P. americana has the highest CO2 sequestration potential (125,916.7 kg), while T. grandis (10.4 kg) and D. regia (26.1 kg) were the least. The study also shows that trees (T. grandis, S. actinophylla and P. americana) with thick vegetation, broad and clustered leaves were found to be better CO2 sequesters. The relationship between the tree height and amount of CO2 sequestered gave a regression equation of y = 67898x + 9509 with R2 = 0.266, indicating insignificant variations existing between tree height and CO2 sequestration at P > 0.05. Variations however existed between tree dominance and CO2 sequestration among trees investigated. This finding strategically positions Benue tropical forest in line for carbon credit financing while substantiating the importance of preserving our indigenous forest and tree species.展开更多
The Country Parks of Hong Kong occupy 40%of the total landmass of Hong Kong,and consists of vast areas of secondary woodlands,scrublands,grasslands,and reservoirs.That vegetation-and the soil underneathsubtract carbon...The Country Parks of Hong Kong occupy 40%of the total landmass of Hong Kong,and consists of vast areas of secondary woodlands,scrublands,grasslands,and reservoirs.That vegetation-and the soil underneathsubtract carbon from the atmosphere,which has a market value.The aim of this paper is to estimate the value of that carbon,to assess whether that value would be sufficient to pay for the upkeep of the Country Parks,and to compare that value to the costs of alternative ways to reduce atmospheric carbon dioxide.To do this,we compare the land cover of 1978,1991,1997 and 2004 using remote sensing,and identify the three predominant land covers(woodlands,scrublands,grasslands) .We then estimate the amount and value of the carbon sequestered by the vegetation and soil of the Country Parks,and compare it to the budget available to the Agriculture,Fisheries and Conservation Department to run the Country Parks(HK$234 million in 2009/2010) .We extrapolate our results over 50 years,from 1978 to 2028.We conclude that by 2028 the carbon sequestered would be valued over HK$800 million,but the value of the additional carbon subtracted yearly would only cover approximately 7%of the total budget needed to run the Country Parks.We also conclude that because of the large budget allocated to the Country Parks,alternative methods of carbon sequestration-represented by the EU ETS price of carbon-are much cheaper.展开更多
文摘The utilization of a green financial system,particularly through the implementation of green credit,plays a pivotal role in fostering environmentally sustainable,low-carbon economic growth and facilitating the transition toward a more ecologically responsible economy.This paper employs a two-way fixed-effects model,utilizing provincial panel data spanning from 2012 to 2020,to investigate the influence of green credit on regional carbon emissions within different regions of China.The results reveal a significant reduction in carbon emissions as a consequence of the green credit program’s implementation.The analysis of the pathway indicates that green credit is instrumental in mitigating carbon emissions by instigating shifts in the energy mix,with evidence suggesting a partial mediating effect.Furthermore,a heterogeneity analysis discovered that the suppressive impact of green credit on carbon emissions is more pronounced in the eastern and western regions of China,while it is less significant in the central and northeastern areas.The implications of this study provide robust evidence in support of the role of green credit in reducing carbon emissions and can serve as a valuable resource for policymakers aiming to promote the expansion of green credit programs and,in turn,contribute to substantial reductions in carbon emissions.
文摘Carbon sequestration potential of tree species within forest reserves and other sites in Makurdi Benue state of Nigeria was investigated using non-destructive Walkley-Black technique. The result indicates that P. americana has the highest CO2 sequestration potential (125,916.7 kg), while T. grandis (10.4 kg) and D. regia (26.1 kg) were the least. The study also shows that trees (T. grandis, S. actinophylla and P. americana) with thick vegetation, broad and clustered leaves were found to be better CO2 sequesters. The relationship between the tree height and amount of CO2 sequestered gave a regression equation of y = 67898x + 9509 with R2 = 0.266, indicating insignificant variations existing between tree height and CO2 sequestration at P > 0.05. Variations however existed between tree dominance and CO2 sequestration among trees investigated. This finding strategically positions Benue tropical forest in line for carbon credit financing while substantiating the importance of preserving our indigenous forest and tree species.
文摘The Country Parks of Hong Kong occupy 40%of the total landmass of Hong Kong,and consists of vast areas of secondary woodlands,scrublands,grasslands,and reservoirs.That vegetation-and the soil underneathsubtract carbon from the atmosphere,which has a market value.The aim of this paper is to estimate the value of that carbon,to assess whether that value would be sufficient to pay for the upkeep of the Country Parks,and to compare that value to the costs of alternative ways to reduce atmospheric carbon dioxide.To do this,we compare the land cover of 1978,1991,1997 and 2004 using remote sensing,and identify the three predominant land covers(woodlands,scrublands,grasslands) .We then estimate the amount and value of the carbon sequestered by the vegetation and soil of the Country Parks,and compare it to the budget available to the Agriculture,Fisheries and Conservation Department to run the Country Parks(HK$234 million in 2009/2010) .We extrapolate our results over 50 years,from 1978 to 2028.We conclude that by 2028 the carbon sequestered would be valued over HK$800 million,but the value of the additional carbon subtracted yearly would only cover approximately 7%of the total budget needed to run the Country Parks.We also conclude that because of the large budget allocated to the Country Parks,alternative methods of carbon sequestration-represented by the EU ETS price of carbon-are much cheaper.
