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| Srl | Item |
| 1 |
ID:
187913
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| Summary/Abstract |
Sustained economic growth and environmental degradation are two of the key goals in the SDGs (Sustainable Development Goals). Digital finance provides an opportunity to simultaneously address the trade-off between the two goals. Based on data from CEADs, CNBS, CFPS, IDFPU, VIIRS and NPCGIS, this article examines the causal impact and transmission mechanisms of digital finance on consumption-based HCEs. To address the potential endogeneity, IV and IV-MA as well as HDFE models are applied in empirical estimates. Results show that digital finance has a positive impact on consumption-based HCEs. Mechanism analysis indicates that digital finance can increase HCEs through stimulating consumption scale, which is scale effect. Besides, digital finance can decrease HCEs through promoting greener consumption patterns, which is composition effect. On the whole, scale effect prevails composition effect. Our findings contribute to the literature on digital finance and green finance and have policy implications on common prosperity, not only for China, but also for other economies.
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| 2 |
ID:
192779
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| Summary/Abstract |
Human activities, such as burning fossil fuels for electricity generation, heating, and transport, are the primary drivers of a large amount of greenhouse gases emission. The individual consumers, able to influence the supply-chains behind the commodities their chose to fulfil their needs is the driver behind production and, consequently, its impacts. Thus, the active and willing participation of citizens in combatting climate change may be pivotal to address this issue. The present work is aimed at presenting and modelling a novel market-based carbon emission reduction mechanism, called BitCO2, designed to incentivize individual consumption choices toward lower carbon footprints. This mechanism is tested for the Italian private transportation sector thanks to an ad hoc developed System Dynamics model. The Battery Electric Vehicle (BEV) adoption, if compared with the Internal Combustion Engine Vehicle (ICEV) one, cause less CO2 emissions per km travelled. After a certain number of travelled km, a BitCO2 token is assigned to BEV owners for each ton of avoided CO2. This token can be exchanged in a dedicated market and used to get a discount on insurance services. Assuming a Social Cost of Carbon of 9.22 [2.13–22.3] €/tonCO2eq, model results show that the BitCO2 mechanism would allow for a cumulated CO2 emission reduction of 973 [68.9–5’230] ktonCO2eq over 20 years of operation with a peak of 39.3 [5.34–189] thousand additional BEV registration per year.
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