Green Transition Research Articles

Climate change risk pricing in the European stock market

ABSTRACT Climate risk is the potential risk for societies or ecosystems from the impacts of climate change. Whether financial markets price climate risks is critical to ensuring that the necessary funding flows into environmentally sound projects and that stranded assets risk is adequately managed along a ‘green transition path’. In this paper, we assess climate risks for the European stock market. We show that measures of returns spread of green vs. brown investment reflect climate risk and assets’ exposition to systematic macro-financial risk factors, which should be filtered out to measure climate risks accurately. We show that climate risks are priced by focusing on aggregate, industry, and company-level data. We propose a market-based green rating procedure to evaluate non-transparent and non-disclosing companies for which ESG information is unavailable. We illustrate its implementation using a sample of over 800 non-transparent firms.

Do climate change policies affect labour market distortions? Empirical evidence from China's low-carbon city pilots

ABSTRACT To mitigate climate change while ensuring that the substantial benefits of a green economic transition are widely shared, the concept of a just transition has emerged as a pivotal element in climate strategies. Although the effectiveness of climate policies has been a subject of ongoing debate, the integration of just transition principles is often overlooked as a key component. This study employs China’s Low-Carbon City Pilot policy (LCCP) as a quasi-natural experiment and uses a time-varying difference-in-differences (DID) methodology to assess the impact of LCCP on wage distortions within firms. Using data from listed companies between 2006 and 2022, our analysis shows that the low-carbon policy itself may be a source of inequity, disproportionately benefiting capital at the expense of labour, thus exacerbating wage distortions and preventing labour from receiving fair compensation. This inequity undermines the principles of a just transition, as the allocation of policy resources tends to favour large firms, enhancing their pricing power and diminishing labour market flexibility. The economic outcomes of LCCP are mixed: while it accelerates the growth of capital share, it also leads to an unequal distribution between capital and labour. Furthermore, our exploration of the role of export trade in mitigating these distortions reveals that exports actually widen the disparity in wage distortions. Our study underscores the urgent need to prioritize equity in climate policies and improve labour allocation efficiency within climate action frameworks. We aim to provide decision-making support for the design and implementation of more equitable low-carbon policies in developing countries.

Gene Expression Study in Gilthead Seabream (Sparus aurata): Effects of Dietary Supplementation with Olive Oil Polyphenols on Immunity, Metabolic, and Oxidative Stress Pathways

In an era with an ever-growing population, sustainability and green transition are the main milestones to be considered within the current European Green Deal program, and the recovery of by-products for the integration of feed with bioactive molecules, that are sustainable and with high nutritional value, is an ambitious mission to be explored also in aquaculture. Olive oil extraction produces a range of solid and liquid by-products, in varying proportions depending on the utilized production techniques, all of which are considered as possible pollutants. However, these products are also rich of polyphenols, bioactive molecules with several and well-known beneficial properties (antimicrobic, anti-inflammatory, antioxidant, and immune-modulating). On this basis, this work aimed at evaluating the effects of dietary supplementation with polyphenols derived from olive mill wastewater on growth performance and on gene expression modulation, by means of RT-qPCR assays, in farmed Sparus aurata. Particularly, some target genes of metabolic, immunity, and oxidative stress pathways have been investigated in breeding gilthead seabream. Differential gene expression analysis was carried out, and differences between the control group (n = 9) and the treated one (n = 9) were computed with Student’s t test. The results have highlighted that supplemented feed enhanced fish growth, with a significant feed conversion ratio between the two groups. Furthermore, the polyphenol diet had a beneficial impact on gene expression fold with a level of significance for fatty acid binding protein 2, superoxide dismutase 1, and interleukin-12 genes at hepatic or intestinal district. These significant and promising preliminary findings promote, in the future, other investigations on polyphenolic by-products and on their putative or possible re-utilization in fish feeding.

Evolution of Regional Innovation Strategies Towards the Transition to Green Energy in Europe 2014–2027

This paper explores the factors influencing regions’ commitment to the EU’s green energy transition during the 2021–2027 period, with a particular focus on the impact of prior commitments and fossil fuel dependence. Using multimodel regression analysis along with a null classification approach with large language models, we assess how regions’ existing green energy initiatives, their dependence on fossil fuels, and specific energy targets shape their progress towards the EU Green Deal goals. The results confirm path dependency in regional energy policies, where regions with prior investments in decarbonization and energy infrastructure show greater commitment in the current period. Fossil-fuel-dependent regions, on the other hand, face structural barriers slowing their transition to green energy. In addition, the study highlights the selective prioritization of decarbonization and energy efficiency goals, while goals such as consumer empowerment and offshore wind energy remain undervalued. The findings underscore the need for a more comprehensive, sustainable approach to energy transition, particularly in regions with significant dependence on fossil fuels. The paper concludes with a discussion of policy implications for achieving a holistic and equitable energy transition across all EU regions.

Heating practices during the energy crisis of 2022: the role of energy vulnerability and environmental concern

Over the years, energy research in wealthy countries has shown that energy consumption happens unconsciously in connection with everyday routines, and most people—at least in the relatively prosperous and equal society of Denmark—are not aware of the price of energy. During the energy crisis of 2022 this was no longer the case, and new research questions were raised, including how do increasing energy prices and public awareness of the energy crisis affect heating practices in different types of homes and how do people cope with the new situation in practice? A qualitative study including interviews with 30 households from varying socioeconomic circumstances forms the background of the analysis. The research investigates similarities and differences in coping strategies and meanings related to changes in everyday practices, discussing whether changes carry different meanings according to energy vulnerability and environmental concern. The analysis is based on practice theoretical understandings and this article provides insights into how practice change and variations in practices following a crisis can be interpreted. The conclusion discusses the implications of the findings for the green transition.

Building a Circular Economy for Lithium: Addressing Global Challenges

AbstractAs countries worldwide race toward a green transition, the demand for electric vehicles is surging, and with it comes a growing need for batteries. However, the push for increased domestic mining to secure these materials raises significant concerns about environmental sustainability. Even with stringent regulations, the environmental impact of mining can be profound, posing risks such as biodiversity loss, water pollution, and broader ecological damage. Furthermore, geopolitical tensions could arise as countries whose economic interests are threatened by these initiatives may react adversely. Local communities might also resist mining projects due to concerns over environmental degradation, health risks, and disruptions to their livelihoods. Given the critical importance of metals in the ecological transition, this challenge must be approached with the same urgency and global coordination as a pandemic response. Just as the world mobilized unprecedented resources to tackle COVID‐19, a similarly robust approach is necessary to ensure the availability of critical metals for a sustainable future. This paper suggests potential pathways for academic, technological, and societal advancements within the framework of a circular economy for lithium, aiming to secure a sustainable supply of this essential resource.

Developing a construction waste management performance calculator for highway construction.

The generation of a substantial amount of construction waste (CW) poses significant challenges to the green transition of highway construction projects. However, the construction industry lacks integration of construction waste management (CWM) practices into the construction process. This paper aims to develop a calculation for assessing the performance of CWM to monitor its effectiveness in highway construction. Initially, this study utilizes the Site waste management plan (SWMP) as a foundation and develops a Construction Waste Management Performed Assessment Method (CWMPAM). The extension of CWM is incorporated into earned value management (EVM) to manage costs, schedules, and the performance of CWM within a unified framework. The functionality and sensitivity of CWMPAM and CWM-embedded EVM are validated through pilot testing and scenario analysis. The research results are computerized into a calculator to facilitate the practical application of CWM, and its validity is tested using random cases. CWMPAM and CWM-embedded EVM prove satisfactory in assessing and monitoring the execution and performance of CWM. The developed calculator simplifies the practical application of the outcomes. Essentially, the developed calculator represents a groundbreaking integration of CWM and construction management, enabling project managers to monitor and compare the CWM performance across different segments of highway construction. Not only does this contribute to the green transformation of highway projects, it also promotes high quality and sustainable development in the construction industry.

A Review of Marketing Stratergies for Promoting Sustainable Tourism Destinations in India

Sustainable tourism for Indian destinations is promoted and marketed by utilizing marketing strategies to gain interest from travelers. However, the promotion of sustainable tourism destinations is achieved in a manner that does not jeopardize the environment or community conservation. Sustainable tourism is promoted by increasing the destination's visibility, which includes social media marketing, search engine optimization, and content marketing, one such example is the scheme of Swadesh Darshan, which was launched by the Indian tourism and it aims for the development of sustainable tourism destinations. Furthermore, enhancing cultural and community features in marketing might help to attract and retain tourists' interest, thereby strengthening sustainable tourism. To entice people to visit sustainable tourist places, the tourism sector is focusing on proper selling factors, physical improvements to attractions and accessibility, and proximity to other tourist sites. Overall, the current study reveals that a comprehensive Destination Management action plan can help accelerate India's green tourism transition. This study aims to understand some of the marketing strategies employed by Indian Tourism Industry on environmentally sustainable vacation spots. The Indian travel industry is impacted by sustainable tourism, one of the topics discussed in this article. This study is descriptive and relies only on books and periodicals covering a wide range of topics that are relevant to sustainable tourism destinations in India. Moreover, the present study also highlights, the importance of online marketing strategies for marketing sustainable Indian travel destinations which is discussed to have a better understanding of the future of the tourism sector in India. The particulars of the study are emerging from the SWOT analysis model for the assessment as well as the scrutinization of the potential of the Indian tourism industry.

Can sustainable finance promote manufacturing green transition trapped in financing dilemma? The influence mechanism of green technology innovation, technology market and government guidance

ABSTRACT Sustainable finance (SF) has become a potential financing channel for the manufacturing sector because green finance has intensified the transition financing dilemma for brown sectors. This study investigates whether SF can promote green transition in the manufacturing sector (MT) under this financing dilemma, and the role of green technology innovation (GTI), the technology market (TM), and government guidance (GVG) in such a relationship. Using the data from 30 Chinese provinces from 2011 to 2020, this study first constructs comprehensive evaluation indicator systems for SF and MT and then applies the chain-mediation model and moderated chain-mediation model. The findings show that SF has a significantly positive influence on MT. The influence mechanism demonstrates that GTI-TM is a vital influence channel for SF to promote MT. GVG can moderate the chain-mediation effect of GTI and TM. These findings have important implications for promoting MT through SF.

Agroecology for migrant ‘emplacement’ in the left‐behind European countryside

AbstractWe explore the nexus between the green and demographic transitions in the European Union (EU) through the analysis of the challenges and opportunities that agroecology offers for the settlement and socioeconomic participation of Italian city‐dwellers‐turned agroecological farmers and non‐EU agroecological farmworkers in ageing and marginalised rural areas in Italy. Many such areas in Italy have recently experienced an influx of newcomers, including non‐EU labour migrants, refugees and asylum seekers and Italian city‐dwellers looking for a different lifestyle. Municipalities and NGOs have developed initiatives, like agroecology, for newcomers to participate in local societies while simultaneously contributing to sustainable rural (re)development in the context of the EU Green Deal. We discuss the potential of agroecology for the ‘emplacement’ of diverse groups of newcomers in these unlikely places through the analysis of the interpersonal, cultural, economic and institutional relations between newcomers and long‐time residents, and across different groups of newcomers, in two Italian villages. Our findings suggest that everyday interactions among long‐time residents and newcomers contribute to the emplacement of the latter. The analysed agroecological initiatives show potential for the emplacement of newcomers through their strong ethical stance and aspirations for environmental sustainability and improved life quality. However, short‐term contracts for the non‐EU farmworkers combined with tight economic returns for the Italian agroecological farmers may lead to distributional and procedural injustices, including the hyper‐exploitation of migrant farmworkers in the name of environmental sustainability.

The potential water quality impacts of hard-rock lithium mining: Insights from a legacy pegmatite mine in North Carolina, USA

The global green energy transition has spurred increased lithium exploration and extraction, yet the water quality impacts from lithium mining are understudied. This study investigates the potential water quality impacts from a legacy hard-rock lithium mine through comprehensive geochemical analyses of groundwater, surface waters, ore grade rocks, tailings, and waste rocks from a mine site in North Carolina, USA. The concentrations of regulated contaminants (e.g. As, Pb) in both groundwater and surface water emerging from the mine site were low, below drinking water and ecological standards. Yet Li (up to 46.8 mg/L), Rb (up to 169 μg/L), and Cs (up to 21 μg/L) were elevated relative to local background waters. Leaching experiments of the pegmatite ores, waste rocks, and tailing consistently demonstrate low mobilization of regulated contaminants and high leachability of Li, Rb, and Cs. Leaching experiments also reveal that water-rock interactions of the rocks and solid wastes from the mine site generate alkaline conditions, and that both phosphate and spodumene minerals are primary sources of Li and play a major role in formation of alkaline conditions during early stages of water-rock interactions. Over longer time scales, their direct impact on water quality is decreased. Given the global interest in hard-rock lithium mines, our findings highlight the potential occurrence of Li, Rb, and Cs in water resources adjacent to hard-rock lithium mines.

Whole UVCB Tests Can Yield Biotic and Abiotic Degradation Kinetics of Known and Unknown Constituents for an Enhanced UVCB Degradation Profile

The green transition and move towards safe and sustainable-by-design chemicals entail the need for new methods to study the biodegradability of UVCBs (substances of Unknown or Variable composition, Complex reaction products and Biological materials). Standard simulation biodegradation tests have been developed for single substances and are generally not applicable for UVCBs. The aims of this study were (1) to combine a whole UVCB biodegradation test with a sensitive constituent specific analytical technique, (2) to measure biotic and abiotic degradation of known and unknown UVCB constituents and (3) to determine the impact of a WWTP discharge on the constituent specific biodegradation in stream water. Lavender oil and black pepper oil are of significance in the perfume and cosmetics industries and served as model UVCBs. Stream water sampled upstream and downstream of a wastewater treatment plant (WWTP) discharge point was used as inoculum (i.e., naturally and wastewater adapted bacterial consortia). Tests were conducted in gastight headspace vials and automated Arrow Solid Phase Microextraction GC-MS-scan was applied on unopened vials. Peak area ratios between biotic test systems and abiotic controls were used to determine primary biodegradation kinetics, and freshly spiked analytical references to separate biotic from abiotic degradation. Biodegradation half-times were below 20 days for all known (8-12) and unknown constituents (>78) in the essential oils. Dual column GC-MS analysis produced a level 2 identification of 16 unknown lavender constituents. Biodegradation kinetics were similar in inoculum taken before and after the WWTP outlet, confirming that native stream microorganisms were competent degraders.

Green Energy Transition: Evaluating Carbon-To-Liquid Technologies for 2050 Climate Goals and Energy Security

China's coal-to-liquid (CTL) sectors must quickly adjust to a low-carbon economy to meet the energy demand while mitigating environmental and energy security challenges. Similarly, China's climate goals for 2050 are gravely jeopardized if the industry's enormous ecological impact is not addressed. This research develops a conceptual framework for environment-security-economic evaluation of the high-carbon energy sector. Moreover, it constructs a system dynamics material model to predict the upgrade plan's industrial capacity and carbon emission scale. Finally, it calculates the dynamic optimal deployment scale at various epochs based on the sequential decomposition goal of "carbon peak" and "carbon neutrality." These measures are needed to anticipate the development of China's CTL industry. The road map predicts that by 2025, China's CTL industry will be able to meet at least 5% of the country's total oil demand. The adoption of scale A process will improve the economic and environmental performance of the CTL industry due to the cost savings and efficiency gains at a larger scale. In addition, the industry's overall energy efficiency will rise in 2023 and exceed 50% after 2035. Findings indicate that the CTL sector will approach a carbon peak in 2029 and neutrality and transition to hydrogen generation by 2050.

Policy, innovation, market or behavior driven effects: energy green transition and environmental management in Chinese heterogeneous cities

Energy green transition (EGT) is currently one of the main measures for countries around the world to address the contradiction between economic growth and increasingly deteriorating environmental and climate issues. Cities are the center of energy consumption. The key to EGT lies in urban energy green transition. Therefore, the focus of this study is on the driving mechanism of urban EGT. Firstly, the spatial-temporal characteristic of EGT in Chinese heterogeneous cities is analyzed by using methods such as gravity model. Secondly, the possible paths includes policy driven, innovation driven, market driven, and behavior driven for urban EGT are discussed through theoretical analysis. Finally, combined with panel data of 236 Chinese cities in 2007-2022, this study empirically analyzes the complex driving mechanism of urban EGT. Results show that: (1) The EGT in Chinese cities is continuing. From the perspective of urban heterogeneous, EGT in 1-tier and 2-tier cities is significantly faster than that in 3-, 4-, and 5-tier cities. The EGT speed in eastern cities is the fastest, while that in northeastern cities is the slowest. The difficulty of EGT in energy resource-based cities is actually the greatest. From the perspective of spatial features, the spatial center of EGT in Chinese cities generally shows a changing trend from northwest to southeast. (2) Policy driven, innovation driven, market driven, and behavior driven constitute the complex driving mechanism of urban EGT, and policy driven is the primary driving force for this round of EGT. (3) Positive effect of economic development level and education level improvement on EGT in Chinese cities is significant while resource endowment and population agglomeration level exhibit significant inhibitory effects. (4) There are significant differences in the core driving force for EGT in heterogeneous cities. Both policy driven effect and market driven effect have the highest impact in 1- and 2-tier cities. Innovation driven effect, market driven effect, and behavior driven effect are only significant in eastern and central cities. In energy resource-based cities, innovation driven effect of green innovation is not significant. This study can assist government departments better in formulating relevant policies to support energy transition, promote technological innovation, design market mechanisms, and guide energy consumption behavior.

How to Promote Women’s Shift Towards Reusable Feminine Hygiene Products: The Application of Push-Pull-Mooring Effect Model

The growing environmental concern has promoted the global shift towards sustainable consumption, leading to the focus on reusable products. While extant literature has delved into the purchase intention of feminine hygiene products, it has often disregard the intentions behind women switching to reusable alternatives. To address this gap, the present research explores the drivers addressing women's intention to switch from disposable products to reusable options like menstrual cups and cloth pads. By utilizing non-probability purposive sampling, the study applies the Push, Pull, and Mooring (PPM) model to a sample of 386 women aged 18 to menopause. Theoretical insights from this research inform women's predisposition towards adopting reusable feminine hygiene products. Empirical findings identify pricing benefits as a significant pull factor along with women's positive attitude to switch. It also indicates that push factors have a lower impact on switching intention than pull and mooring factors. The findings underscore the potential for marketers to plan for a green transition by improving the design of sales strategy. This also provides a reference for the execution of government policies to promote the adoption of reusable feminine hygiene products to lower environmental wastage.

Acceleration of Green Transitions on the Base of Port Organizational Ecosystem’s Resilience Enhancement: A Socio-Technological Approach

Seaports are pivotal nodes in global trade, under increasing pressure to expedite green transitions while navigating the complexities of modern economic and environmental challenges. This research investigates the intricate relationship between the resilience of port organizational ecosystems and the successful implementation of green transitions. Employing a combination of focus group interviews and participatory observation, the study explores the primary obstacles, particularly the insufficiency of managerial capacity, which hampers the integration of technological innovations. Challenges identified include outdated infrastructure, cybersecurity vulnerabilities, and the imperative for sustained investment in new technologies, along with the need to promote a culture of sustainability. Experts highlight the crucial role of managerial competencies and continuous learning in overcoming these barriers. Furthermore, the research underscores the importance of fostering strong partnerships among stakeholders, including government bodies, industry associations, and environmental organizations. The findings offer valuable insights for policymakers, port managers, and other stakeholders seeking to navigate the challenges for ensuring a sustainable future for the maritime sport organizational ecosystems and maritime industry.

Brain health is essential for smooth economic transitions: towards socio-economic sustainability, productivity and well-being

Abstract Optimal brain health is essential to smoothing major global skill-intensive economic transitions, such as the bioeconomy, green, care economy and digital transitions. Good brain health is vital to socio-economic sustainability, productivity and well-being. The care transition focuses on recognizing and investing in care services and care work as essential for economic growth and social well-being. The green transition involves shifting towards environmentally sustainable and fairer societies to combat climate change and environmental degradation. The digital transition aims to unlock digital growth potential and deploy innovative solutions for businesses and citizens, and to improve the accessibility and efficiency of services. The bioeconomy transition refers to the shift towards an economy based on products, services and processes derived from biological resources, such as plants and microorganisms. Brain capital, which encompasses brain health and brain skills, is a critical economic asset for the success of economies of the future. The brain economy transition from a brain-negative (brain-unhealthy) economy, which depletes brain capital, to a brain-positive (brain-healthy) economy, which arrests and reverses the loss of brain capital, will be foundational to these major transitions. Increased brain capital is vital to educational attainment, upskilling and reskilling. In this paper, we provide a detailed roadmap for the brain economy transition.

Exploring the patterns of China's carbon neutrality policies

To achieve the ambitious carbon neutrality goal by 2060, the Chinese government has implemented a series of carbon neutrality policies. These policy documents are pivotal in facilitating the examination of policy substance, the scrutiny of policy evolution, and the dissection of the policy instruments involved. This study develops an analytical framework for assessing carbon neutrality through policy documents, applying text mining and network analysis to probe the intricacies of policy topics, interagency collaboration, and diffusion dynamics. This research aims to delineate and expound upon the strategic paradigms employed by the Chinese government in its quest for carbon neutrality. The findings reveal a constellation of eleven policy topics, with "green" and "low carbon" being key aspects of each. The policy collaboration network has a density of 0.593, and the National Development and Reform Commission (NDRC)'s high average weighted degree of 14.6 highlights its crucial role in leading and coordinating these policies. In terms of diffusion dynamics, the green energy transition topic has a diffusion speed of 0.967 and a strength of 49, indicating its importance to the Chinese government. On a practical level, the findings offer policy-makers concrete, actionable recommendations to refine policy design and enhance implementation effectiveness. Theoretically, this study advances the scientific understanding of policy dynamics by proposing a novel analytical framework that integrates multiple dimensions of policy analysis, contributing to the methodological development of policy research.

A multi-criteria decision-making model for sustainable selection of coastal protection structures

Although nature-based and hybrid (i.e., a combination of hard and nature-based) solutions provide well-documented benefits to both the environment and people living nearby, they cannot be implemented in all coastal zones. Thus, the selection process of coastal protection structures (CPSs) requires an in-depth and comprehensible assessment with an effective and robust decision-support framework. Existing frameworks in the literature, however, do not focus on the selection of nature-based solutions and environmental and social factors were not considered thoroughly in these frameworks. In this respect, this research aims to develop a decision-support model that guides decision-makers in selecting the most appropriate and sustainable CPSs. The framework was designed in a way that includes a variety of environmental and social factors along with economic and technical aspects. Then, fuzzy AHP and TOPSIS analyses were conducted to determine the relative importance of the selection factors and to select the most appropriate CPS. Factors such as sediment dynamics, geotechnical issues, construction cost, transportation and navigation effects, and technological know-how were among the top-rated factors. TOPSIS analysis results revealed that mangrove forests and artificial reefs were the top two most sustainable CPSs. The proposed framework can minimize the social and environmental impacts of CPSs and expedite the green transition in the coastal environment.

Non-elastic time series fuzzy clustering for efficient analysis of industrial data sets

In line with the green transition and digitalization trends, there is an increasing need for effective performance and health monitoring of production machines. Machine operation footprints resonate in quantities such as supply current and pneumatic line pressure, providing valuable insights when analyzed. Examining these low-level signals allows for monitoring and identification of changes in machine operation over time. A critical step in analyzing machine data is clustering, requiring an effective method for calculating time series cluster centroids. This paper introduces Error in Aligned series (ERAL), a novel method that generates a time series centroid that distills the fundamental shape of the underlying datasets. ERAL employs a fuzzy clustering-inspired iterative process for temporal alignment and averaging, avoiding the pathological artifacts often introduced by popular time-warping methods. Our analysis shows that existing methods can create artificial spikes and plateaus, which ERAL mitigates; it remains faithful to the original data shape. Additionally, ERAL offers improvements in computational efficiency and prototype quality. We evaluate the method against Dynamic Time Warping (DTW)-based methods across various datasets, and apply it to a time series clustering task using a real-world industrial dataset. In combination with a fuzzy clustering algorithm, ERAL generates visually convincing clusters. By leveraging fuzzy membership concepts, it achieves robust and adaptable clustering outcomes that reflect real-world data complexity and ambiguity.