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The EU has committed to make Europe the first climate-neutral continent by 2050. Reaching this objective requires massive changes in the region. The biggest challenge is that the green transition happens without sacrificing economic progress and guaranteeing justice and inclusiveness. This pledge implies that every country be capable of addressing the trade-offs between targets while remaining committed towards the common decarbonisation goal. Our paper analyses the success with which countries are carrying out the energy transition. We propose an enhanced hyperbolic distance function and a stochastic frontier analysis approach to model the joint attainment of economic development, environmental sustainability, and energy equity. We apply our model to an unbalanced panel dataset of 29 European countries for the period 2005–2018. Our estimates show that the average performance of the economies has improved over time. The results also highlight the pivotal role of a sustainable economic development with clean energies for both slashing CO 2 emissions and fostering energy equity. Moreover, we find convergence in countries' performance, being this convergence slightly higher for the EU-15 countries compared to the rest. Finally, we show that a higher share of renewable energy sources helps countries that are lagging behind to reach their optimal performance level. [ABSTRACT FROM AUTHOR]

This paper aims to explore whether the female share on the boards of directors of companies influences CO2 emissions in both developed and emerging markets. Furthermore, the influence of cultural diversity on the board of directors on CO2 emissions is analysed. A sample of companies belonging to the MSCI and MSCI Emerging Market indices in Europe over ten years (2010–2019) was analysed using regression models with panel data. The results demonstrate that in both developed and developing markets, the ratio of women to men on the board of directors is inversely related to the company's CO2 emissions, which support legitimacy theory in two aspects: it fulfils the right to equality and non-discrimination for women, and it also reduces CO2 emissions. In general, cultural diversity had a negative influence on CO2 emissions. This research is relevant for policymakers and managers seeking to improve sustainability and equality policies in companies. If gender equality in corporate monitoring roles is environmentally beneficial for the planet, legislators will support quota policies. In addition, shareholders will have an incentive to implement gender equality policies, as they will legitimise the company in the eyes of society, which has economic benefits. On a practical level, this work will contribute to achieving gender equality in corporate governance and improve the understanding of factors influencing CO2 emissions to the environment. This study contributes to previous research since it is the first time that developed and emerging countries have been analysed with the same methodology in relation to gender and CO2 emissions. Moreover, this research differentiates between emission-sensitive and insensitive sectors, and it is the only study to carry out a sector-by-sector and a country-by-country analysis. Furthermore, cultural diversity on corporate boards has been scarcely studied so far in relation to CO2 emissions. • Gender diversity on boards of directors is associated to lower CO2 emissions. • Cultural diversity on boards of directors is positively related to CO2 emissions. • Improving gender balances on board of directors is a sustainable strategy. • Gender equality policies on corporate boards favor climate action and life on land. • Legal gender quotas on corporate boards contribute to good health and well-being. [ABSTRACT FROM AUTHOR]

Shaping change such that it avoids losing potentially useful options for future development is a challenging task in the face of complex, coevolving socio-ecological systems. Sustainability appraisal methods, which open up dialogue and options before closing down and making suggestions, pay attention to the inclusion of various and conflicting points of view and address uncertainty, are increasingly used in the science, environment and energy policy domains. The quality of the process is seen as key to high quality appraisal outcomes. Dimensions of quality include learning opportunities which are seen as ways for addressing complexity and uncertainty. Participatory sustainability appraisal methods intend to support social learning among participants. Despite high expectations, social learning processes in sustainability appraisals are poorly conceptualized and empirically understudied. This paper (1) briefly reviews theories of social learning; (2) develops a conceptual framework for the analysis; and (3) presents an empirical application of the framework by use of data obtained from three energy and natural resource management case studies around Europe. [Copyright &y& Elsevier]