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The environmental crisis induced by global warming has generated an increasingly heightened recognition of the imperative to embark on a journey toward sustainability. In this paper, we focus on the price correlations between two potential emission mitigation instruments: green bond (GB) and the carbon trading market. The Cross-Quantilogram (CQ) method is employed to identify these relationships within Chinese markets spanning from July 16, 2021, to March 31, 2023. Our findings reveal a diverse array of dependence structures, which are most pronounced at the first lag and tend to diminish with subsequent lags. Further analysis through the Partial Cross-Quantilogram (PCQ) approach reveals that the dependence structure is reshaped by both micro-market volatility and climate policy uncertainty, but the latter exerts influence at more extended lags. Likewise, these correlations are subject to temporal shifts, with coefficients displaying heightened magnitude and increased volatility in extreme scenarios compared to normal states. Therefore, investors and industries seeking to participate in the carbon trading market should closely monitor the performance of green bonds, particularly during tumultuous periods. • We apply the Cross-Quantilogram method to pinpoint correlations between green bond market and carbon markets. • The analysis exposes varied dependence patterns, most evident at the lag 1. • The dependence structure is reshaped by both micro-market volatility and climate policy uncertainty. • Correlations fluctuate over time, with marked intensification in extreme conditions. [ABSTRACT FROM AUTHOR]

Sustainable construction projects affect various stakeholders with different social, environmental and economic interests. It is essential that the decision makers maintain effective communication with relevant groups to avoid project failures. Although citizen participation offers a means of better addressing and meeting stakeholder concerns and expectations, the decision/evaluations of contemporary sustainable projects are becoming ever more complicated, with an increasing number of stakeholders involved to actively defend their own interests. In response, this paper provides a thorough and comprehensive analysis of the stakeholders of sustainable construction in China and quantifies their influence in decision/evaluations by semi-structured interviews (in research stage I) and a three-round Delphi survey (in research stage II). Follow-up interviews (in research stage III) are carried out to collect more in-depth views concerning the characteristics and the respective importance of each stakeholder group involved. The findings indicate that the government is the most influential entity and the extent to which its intervention is needed in balancing the interests of other stakeholders presents a major challenge. The high potential influence of end-users is also identified, suggesting the need for a more transparent and inclusive participatory decision/evaluation process in the country. An enhanced future role for NGOs is further identified. [ABSTRACT FROM AUTHOR]

Abstract: Industrialised building (IB) is considered by many to have an important role to play in China's residential construction industry due to its potential for improved quality, productivity, efficiency, safety and sustainability. It is surprising, therefore, that although a large number of construction programmes have been completed in the country in recent years, very few have been built in this manner. Quite why this situation exists is unknown. The well-known problems with IB, such as the constraints placed on designer freedom, may be the cause. It is equally possible that, as is typical with developing countries such as China, cost or government issues dominate. On the other hand, in comparison with other countries, the construction industry in China has been widely criticised for its lack of modernity. Either way, there is an urgent need to assess and understand the hindrances to the adoption of IB in residential construction in order to identify what corrective measures, if any, need to be taken. Towards this end, we first identify a set of critical factors (CFs) for assessing the hindrances to IB adoption in China. This involves the analysis of research data collected by a questionnaire survey of experienced housing developers and professionals working in China's construction industry sector. Fuzzy set theory is used in the selection of the CFs. These CFs comprise, in rank order: higher initial cost; lack of skilled labour in IB; manufacturing capability and involvement issues and product quality problems; lack of supply chain; lack of codes and standards; and lack of government incentives, directives and promotion. The establishment of the CFs provides a basis for local construction sectors to better equip themselves for future implementation of IB. The findings also indicate a current need for formulating improved policies and strategies to encourage the further development of IB in China at present. [Copyright &y& Elsevier]

Over the last couple of decades, urban areas around the world have been engaged in increasing initiatives, practices and experiments with a view to achieving social, economic and environmental sustainability. Echoing these movements, sustainable urbanization has entered many policy agendas. In practice, various aspects including eco-environmental protection, land development, housing, policy, population growth and migration and energy utilization have been noted and discussed by different scholars. In the context of China, these terms/keywords are found in studies across different scales and types of cities, each of which would have implications for our understanding of theory relating to sustainable urbanization. In response, this paper reports on a comprehensive literature review of these studies of sustainable urbanization, and further explores three key areas including evaluation, innovative solutions and engagement of all stakeholders that will move forward sustainable urbanization process across cities in China. [ABSTRACT FROM AUTHOR]