Previous literature on the effectiveness of pollution charges in achieving energy conservation has yielded inconsistent conclusions. By employing a quasi-natural experiment based on China's Environmental Protection Tax Reform (EPT), we analyze this question. In 2018, China implements...

Environmental regulations can oen lead to leakage due to the increased cost. In this paper, we investigate the carbon leakage induced by the air pollution control policy that focuses on PM2.5 mitigation in China – Action Plan for Prevention and Control of Air Pollution. We employ a one-to-one...

We show including quantitative environmental targets for bureaucratic promotion incentivizes government officials to enforce environmental regulation but at significant economic costs. Taking advantage of the gradual expansion of China’s water quality performance review (WQPR) over time and...

This volume grapples with the question of whether capitalism and democracy are ultimately irreconcilable. There is a great deal of variation in these two broad terms, but the prevailing fear nowadays is notionally the same as that expressed by Smith, Marx, Polanyi, Schumpeter, and others: that...

The 998km Carajás railway corridor connects the world’s largest iron ore mine, operated by private mining company Vale S.A. (Vale) in Brazil’s northern state of Pará (PA), to the company’s maritime terminal in São Luís, the capital of the northeastern state of Maranhão (MA). Carajás...

This paper investigates how banks’ loan pricing responds to the environmental performance of borrowing companies. Using a unique hand-collected dataset of bank loans in China, we find that banks reward borrowers that have higher environmental responsibility scores with lower loan interest...

This paper aims to assess the level of implementation of Green Public Procurements (GPP) in the Region of Western Macedonia-Greece, which is currently under energy transition from lignite to a RES-based energy model. By that assessment, a linkage between the GPP framework and energy transition...