Particulate Matter (PM₂.₅) pollution in China has been a primary concern for public health in recent years, which requires banks to appropriately control their credit supply to industries with high pollution, high energy consumption, and surplus capacity. For this reason, this paper examines economic determinants of PM₂.₅ concentrations and incorporates the spatial spillover effect of bank credit by employing the spatial Durbin model (SDM) under the stochastic impacts by regression on population, affluence and technology framework. Using China's provincial dataset from 1998 to 2016, the main findings are as follows: First, there is evidence in support of spatial dependence of PM₂.₅ concentrations and their inverted U-shaped relationship with economic growth in China. Second, PM₂.₅ concentrations in a province tend to increase as the level of its own urbanization increases, but they decrease as its own human capital and bank credit increase. Meanwhile, the level of neighboring urbanization positively influences a province's PM₂.₅ concentrations, whereas neighboring population size, industrialization, trade openness, and bank credit present negative impacts. Third, indirect effects of the SDM indicate significant and negative spatial spillover effect of bank credit on PM₂.₅ concentrations. These findings implicate policies on reforming economic growth, urbanization, human capital and bank credit to tackle PM₂.₅ pollution in China from a cross-provincial collaboration perspective.

Given the alarming deterioration of the environment, the present analysis investigates the role of eco-innovation, natural resources and financial development in influencing the environmental degradation of China. Applying the novel method of quantile ARDL, the current research is beneficial in portraying the dependence patterns of the variables with special emphasis on the nexus of eco-innovation and ecological footprint across numerous quantiles of the distribution which has not been examined so far in the literature. The empirical findings reveal that in the long run, eco-innovation reduces the level of ecological deterioration in China across all quantiles. On the other hand, the results suggest that the increase in credit to the private sector and natural resource rents augments environmental degradation. The outcomes imply that the over-dependence on natural resources and financial development can worsen the goals of sustainable development in China if the strategies of conservation and management are ignored. Moreover, witnessing the favorable role of eco-innovation, competent policies and regulations can be made toward sustainable efficient technologies and eco-friendly energy sources to halt global warming.

The climate variability in Pakistan adversely affects rice crops and undermines the food security and livelihoods of millions of rural households whose survival depends directly on rice farming. This study examines farmers’ risk perception, adaptation responses, and adaptation impact on rice productivity. We employed a multi-stage sampling method for selecting 480 farmers from the rice production zone of Punjab province, a region that produces more than 60% of the total rice in the country and faces significant production decline due to climate change. We used the risk matrix method to determine farmers’ perception of climate change-induced risk and used the propensity score matching (PSM) technique to analyze the impact of adaptation measures on rice yield and crop returns. Results show that farmers had high perceptions and were concerned about biological and financial risks, followed by biophysical, atmospheric, and social risks. Farmers applied supplementary irrigation, changed rice cultivation dates, changed rice varieties, resized farms, and altered irrigation application times as adaptation measures to cope with changing climate effects. Probit regression analysis showed that the adaptation measures had been largely affected by farmers’ socioeconomic attributes and risk perceptions. The PSM estimates showed that all adaptation measures had a positive impact on rice yield and crop return. Specifically, the cultivation of alternative rice varieties, farm resizing, and supplementary irrigation were the most effective strategies, followed by the adjustment in cultivation dates and irrigation time. Having implications beyond Pakistan, this study suggests improving farmers’ access to irrigation water, credit, and farm advisory services to facilitate the extent of adaptation.

To better understand Africa’s banks and the environment, this study investigates the impact of financial performance on environmental performance in Africa. We examined financial performance, environmental performance, and some control indicators dated from 2000 to 2016 by applying panel quantile regression and panel vector autoregressive techniques. Our results indicate that (i) in North African countries, carbon emission had a significant negative impact on financial performance on the 25th quantile and (ii) in the South, carbon emission had a statistically positive impact on financial performance on the 25th and 50th quantiles with the marginal effect increases from the lower quantile to the highest quantile. Also, bank deposits statistically negatively impacted financial performance on the 25th and 50th quantiles for both North and South economies. The dynamic panel quantile results show dissimilar effects at different quantiles. Also, the panel vector autoregressive results show that in North Africa carbon emission had a positive impact. Our results validate the stability test of the panel vector autoregressive model. The granger causality results in the North show a bilateral causal link between carbon emission and bank credit, carbon emission, and bank deposit. Since sustainability has become one of our era’s most thorny issues, this paper provides extensive policy directives to assist African nations in boosting a greener future.

This study is hinged on analyzing factors such as agriculture and globalization (de jure trade and financial) that threaten a sustainable environment using two proxies of ecological footprint: carbon and noncarbon ecological footprint in the Philippines while controlling for the influence of fossil to GDP, economic growth, urban population, and financial development using the autoregressive distributed lag (ARDL) framework. The result provides evidence of long‐run stable state among the variables. The result validates inverted U‐shaped pattern of EKC involving relationship between agricultural development and ecological footprint for the Philippines indicating that initially, ecological footprint increases as the agriculture develops and then declines as the agriculture matures to generate efficiency and low carbon. In addition, this study explores elasticities of the variables using ARDL, FMOLS, DOLS, and CCR procedure and found that de jure financial globalization exerts positive influence on ecological footprint in the long run. De jure trade globalization is found to be negative and significant in the long run. It is also found that agricultural level operates below the threshold level required to maximize the growth benefits of agricultural system towards mitigating environmental sustainability. Further empirical result shows a positive relationship between economic growth, fossil fuel, urban-population growth, and ecological footprint, and negative insignificant relationship between credit to private sector and ecological footprint. The government should optimize the use of agricultural land through well-articulated economic integration strategy fashioned to pave way for cleaner and low-carbon technologies sources like solar, geothermal, biomass, biogas, tidal power, photovoltaic, and wind energy in the agricultural production to avoid further deterioration of the environment.

Sustainable supply chain management (SSCM) has been a tough challenge for developing economies like Saudi Arabia. Implementation of SSCM practices in the manufacturing industry has been prone to multiple risk factors that need to be identified, evaluated, and prioritized especially considering the dynamics of the manufacturing industry in a developing economy. Moreover, it is also imperative to trace out feasible and sustainable strategies to overcome the risks to SSCM practices adoption. This study serves this purpose and identifies, evaluates, prioritizes the risk factors, sub-factors, and strategies to overcome these risk factors in the implementation of SSCM practices in the manufacturing industry in Saudi Arabia. An integrated multi-criteria decision analysis approach by combining fuzzy AHP and fuzzy WASPAS methods is employed for the analyses. The fuzzy AHP analysis results show that economic risks are dominant risks followed by the managerial policy risks and environmental risks in implementing SSCM. Industrial emissions are the leading risk factors in the overall ranking of the sustainable supply chain sub-risk factors followed by market dynamics, management policy failures, financial constraints, and credit uncertainty. While evaluating the sustainable supply chain strategies using fuzzy WASPAS, it is concluded that commitment and support of top, middle, and lower level management is the most pivotal strategy to deal with the risks to SSCM in Saudi Arabia followed by establishing environmental policies and goals to adopt SSCM, and provision of the financial resources and subsidies.

The effect of financial development on carbon emissions is a hot topic. Although some researches study the heterogeneous impacts of financial development on carbon emissions at the country level, few paper has investigated their heterogeneous relations within the same country. This paper, applying geographically and temporally weighted regression (GTWR), studies the spatial–temporal heterogeneity of the impacts of financial development on carbon emissions across China’s 30 provinces from 2003 to 2017. The results show that financial development proxied by bank credit indicators curbs carbon emissions in most provinces most of the time, while that proxied by stock market indicator exhibits nonlinear relationships in most provinces, such as U-shaped, inverse U-shaped, and inverse N-shaped. The paper concludes first that financial development proxied by different indicators may exert varied impacts on carbon emissions. Second, the impact of financial development on carbon emissions shows great heterogeneity among different provinces and different years: it may be curbing or increasing, and even it is curbing, its curbing effects differ greatly across provinces and years. Third, the impact of financial development on CO2 is not always monotonic; instead, it may be nonlinear. Regional segmentation of financial markets may explain the heterogeneity. Some policy suggestions are also given.

By applying the ARDL (autoregressive distributed lag) bounds testing method, this study examines the short- and long-term dynamic relationship between carbon dioxide (CO2) emissions, economic growth (gross domestic product), industrialization, trade, and urban population in Tanzania from 1990 to 2020. The study found that economic growth, trade, industrialization, and the urban population all contributed to the increase in environmental degradation (i.e., carbon dioxide emissions). However, we found that financial credit (i.e., domestic credit to the private sector) reduces carbon dioxide emissions, and its effects are significant in EKC (environmental Kuznets curve) model. Our findings revealed that economic growth (i.e., income) was responsible for both short- and long-term increases in carbon dioxide emissions in Tanzania. Economic growth is harmful to the environmental quality above a threshold value of 6.23%. Furthermore, the environmental Kuznets curve hypothesis is confirmed for Tanzania. Our findings suggest that policymakers should monitor and use the threshold levels to manage carbon dioxide emissions and to protect the environmental quality. Further, a strong focus should be placed on formulating environmental policies (i.e., carbon tax policy) as industrialization, urban population, economic growth, and trade continue to grow in future, restricting carbon dioxide emissions and safeguarding the environment.

This paper constructs the calculation method of total factor efficiency and low-carbon technology progress indicators based on the undesirable SBM model and Malmquist-Luenberger productivity index model, and this empirically analyzes the relationship between green credit, environmental regulation, and total factor efficiency or low-carbon technology progress by using the panel data of 30 regions in China from 2009 to 2018. The study results show that the carbon emission efficiency evaluation results of each region vary greatly; the largest gap reaches 400%. China’s overall carbon emission efficiency has 35–40% room for improvement, and it is increasing year by year at the rate of 0.96% mainly depends on the improvement of technological progress. The improvement of China’s carbon emission efficiency should focus on the central and western areas. The relationship between the green credit level and the total factor efficiency and low-carbon technical progress is significant “U-shaped” curve, while the relationship between the environmental regulation intensity and the total factor efficiency and low-carbon technical progress is significant “inverted U-shaped” curve. The proportion of tertiary industry, ownership structure and average scale of industrial enterprises have significant positive, negative and negative effects on regional total factor efficiency and low-carbon technical progress.

At present, China’s economy is transforming from rapid development to high-quality development, and the prominent problems in the industrial structure need to be resolved urgently. The implementation of the green credit policy restricts loans to industries with high energy consumption, high pollution, and overcapacity to prevent excessive expansion and consumption of resources, thereby achieving the goals of industrial restructuring and environmental protection. Technological innovation is an important means to cope with environmental changes and adjust the industrial structure. Can technological innovation under green credit achieve the upgrading of the industrial structure? This paper combines green credit, technological innovation, and industrial structure upgrading to conduct research, and theoretically analyzes the impact of green credit and technological innovation on industrial structure upgrading, and analyzes how green credit affects industrial structure upgrading through technological innovation. An empirical test using panel data from 30 provinces in China from 2005 to 2017 revealed that green credit can promote the upgrading of the industrial structure. Econometric analysis based on the mediation effect model found that green credit not only directly promotes the upgrading of the industrial structure, but also has the mediation effect that affects the upgrading of the industrial structure through technological innovation. In the sub-regional regression analysis, technological innovation affects the upgrading of the industrial structure. The mediation effect is still significant. Based on the research in this article, it is recommended to actively implement green credit policies, expand the scale of green credit, firmly implement the innovation-driven development strategy, and at the same time vigorously develop clean energy and reduce energy consumption. The research significance of the article is to explore the impact of green credit on industrial structure upgrading, which has implications for the implementation and promotion of subsequent green credit policies. At the same time, it enriches the research on green credit.