The Republic of Korea fully launched its green finance scheme in 2009 and then introduced the environmental information disclosure system and the emission trading scheme in 2013 and 2015, respectively. However, their use has not increased dramatically, as the public sector has taken the major...

This paper develops an environmental dynamic stochastic general equilibrium (E-DSGE) model with heterogeneous production sectors. In particular, the model comprises some low-carbon emission firms that finance their investments and production only through banking loans, and high-carbon emission...

Private green finance is imperative for climate change mitigation and adaptation, but the share of private green finance remains small, and the studies that have tackled the efficacy of policy instruments in promoting green finance are limited. Many economies, especially in Asia, have...

Green growth simultaneously seeks economic development and environmental enhancement. In order to support green growth financially, the green finance sector needs to be developed. Funding and investment mechanisms of green finance are different from that of non-green finance, because green...

This study explores how energy tax influences energy R&D investments, which further affect economic welfare, carbon emissions, and climate change under various emission abatement policies. Energy tax, as a market-based instrument, aims to adjust the energy R&D investments to the optimal level....

This paper analyzes the impact of tariff liberalization and foreign direct investment on pollution from a plant-level perspective. It considers how globalization impacts plant-level investment in pollution abatement expenditure. Popular hypotheses on trade and pollution cite the pollution haven...

Developing countries in Asia face a variety of environmental challenges. Although environmental economics grew mostly out of the experience of developed countries, decades of environmental economics research offer important and useful lessons for environmental regulation in developing countries...

To determine the amount of environmental goods and services to provide or preserve, it is necessary to weigh society's degree of preference for the environment vis-à-vis other goods and services. This value measure serves to inform the decision-making and policy-making process and thereby...

Can economic growth continue without degrading the quality of the environment? This question has led to a lot of inconclusive findings among researchers. This study examines the impact of greenfield investment, human capital, economic activities, and the role of institutions on the environment...

In recent times, the People's Republic of China (PRC) has faced significant challenges in terms of managing its environment and moving forward with the concept of sustainable economic development. The environmental challenges concern the increasing consumption of fossil fuel energy, which has...