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In recent years central bankers have devoted increased attention to the question of whether and how to intervene to address the growing environmental and climate crisis. The climate intervention debate gained momentum during a period of low inflation and loose monetary policy in core economies – a time characterised by near zero interest rates and large asset purchase programmes. Since 2021, however, the macroeconomic context has changed. Against this background, the paper analyses the contradictory and problematic nature of the direction monetary policy has taken in reaction to higher inflation. It argues that higher interest rates delay the green transformation by raising the cost of sustainable investments, and that the resulting delay also hampers prospects for achieving price stability. The paper concludes that the present macroeconomic environment demands a 'greener and cheaper' monetary policy approach designed to address the environmental and climate crisis and also to simultaneously fight inflation. [ABSTRACT FROM AUTHOR]

This perspective paper investigates the dynamic interplay between wealth, materialism, environmental degradation, and mental health amid escalating challenges of climate change. The paper critically examines how affluence, often a buffer against climate impacts, paradoxically leads to higher consumption and carbon footprints, exacerbating environmental problems. A societal emphasis on materialism contributes to an estrangement from nature, with significant implications for mental health and environmental sustainability. The paper proposes a fundamental shift in addressing these intertwined challenges through reintegration with nature. The paper recommends integrating urban planning, education, mental health, and community engagement strategies to build a sustainable, mentally resilient society more integrated with nature. This approach, supported by future research directions, aims to create a more balanced, environmentally conscious, and mentally healthy world. [ABSTRACT FROM AUTHOR]

This article contributes to the literature on state capacity in financialized political economies by studying the market-based investment setting for the Thames Tideway Tunnel, a £4.2 billion sewer, built underneath central London to prevent raw sewage from spilling into the River Thames. Most analyses conclude that financial statecraft undermines state capacities, as it empowers finance and exposes states to uncontrollable risks. This article moves beyond these accounts by arguing that public policy officials engage with finance instrumentally, taking on risks to solve the governing challenges they face. It demonstrates that state action can build islands of state capacity with financial statecraft in fragmented policy environments. Based on expert interviews and documentary analysis, the article traces how the UK's Ministry of the Environment experimented with a policy instrument and used investment capacities from different levels of government, to implement the Thames Tideway Tunnel through institutional equity investment and share risks in the privatized and financialized environmental sector. The paper concludes that under the current conjuncture, financial statecraft will play an important role in addressing the climate crisis. Therefore, further comparative research is required to explore its normative paradox. [ABSTRACT FROM AUTHOR]

The seminal outcome of COP28 was the Global Stocktake (GST), which referenced transitioning for the first time among all the United Nations' climate agreements. While the GST's attempt at energy transition is welcomed, it is deficient. In this paper, the historical challenges of international climate policymaking and implementation has been explored. The challenges that undermined previous UN agreements will likely hinder the global stocktake. Moreover, the GST's failure to use more forceful language could be a fatal flaw. Furthermore, the GST did not sufficiently define key terms like net zero and energy transition. Likewise, it did not give due consideration to energy justice. The GST missed the opportunity to take strategic advantage of state actors while creating an ecosystem for non-state actors to contribute to the fight against climate change. The GST should have taken advantage of the avalanche of scientific knowledge available on energy transition to mandate timely climate mitigation plans. Subsequent GSTs must proactively address the shortcomings of the first GST if the current generation, which is touted as the generation with the last chance to combat climate change, hopes to achieve the primary goal of the Paris Agreement. [ABSTRACT FROM AUTHOR]

This paper proposes a conceptual and analytical framework of states' legitimacy-seeking to comprehensively investigate the motivation behind China's climate and environment policy. While previous research has largely overlooked political factors that underlie China's climate policy, this paper argues that these factors are crucial in understanding China's policy changes, which are evident at both domestic and international levels. By examining sources such as government documents, leaders' speeches and authoritative literature, this study contends that China's climate change initiatives are part of a broader effort to enhance domestic and international legitimacy. The issue of climate change has become highly politicised in China under the leadership of President Xi Jinping, and it serves as a crucial test of the ruling party and the state's capacity to govern effectively. As such, legitimacy-seeking is the key driver that links China's domestic measures and international commitments. [ABSTRACT FROM AUTHOR]

Decarbonization of economies is seen as a high priority for many countries to reduce the impact of climate change. As such, policy makers need robust and reliable decoupling indicators to assess decarbonization progress. This paper utilizes a regression-based approach to estimate decoupling indicators and identify decoupling states in the transport sector. The proposed method is easy to use, data driven, providing robust and reliable estimates of decoupling elasticities and fits within existing policy frameworks. Analyzing the transport sector for 59 countries from across the world beginning 1970, only 16 are weakly decoupling. Most of these have been identified as being part of a group with sustained economy-wide CO2 reductions. Stronger and localized green transport policy action is needed to meet emissions targets for most countries. [ABSTRACT FROM AUTHOR]

This perspective paper investigates the dynamic interplay between wealth, materialism, environmental degradation, and mental health amid escalating challenges of climate change. The paper critically examines how affluence, often a buffer against climate impacts, paradoxically leads to higher consumption and carbon footprints, exacerbating environmental problems. A societal emphasis on materialism contributes to an estrangement from nature, with significant implications for mental health and environmental sustainability. The paper proposes a fundamental shift in addressing these intertwined challenges through reintegration with nature. The paper recommends integrating urban planning, education, mental health, and community engagement strategies to build a sustainable, mentally resilient society more integrated with nature. This approach, supported by future research directions, aims to create a more balanced, environmentally conscious, and mentally healthy world.

This paper examines the further question of whether water-related environmental innovations affect water stress in three main sectors such as agriculture, industry and services. The sample consists of 30 OECD countries for the period 2000–2019. This paper employs the method of moments quantile regression (MMQR) with fixed effects to analyze the effects of water-related innovative activities across different quantiles of water stress for all three sectors separately. The empirical results indicate that water-related innovations positively affect water stress in the agricultural sector in the lower and middle quantiles, while it has a negative effect in the middle and higher quantiles for the services sector and the higher quantiles for the industrial sector. These findings reveal nuanced effects of water-related innovations on water stress across sectors. Furthermore, the study suggests that while innovations in the industrial and services sectors can mitigate water stress beyond a certain threshold level, the agricultural sector appears to benefit comparatively less from such innovations. These findings underscore the importance of complementing water-related innovations with appropriate regulatory measures, to address informal practices such as losses and leakages in agricultural irrigation. Ultimately, this study provides valuable insights for policy makers to formulate targeted environmental policies and strategies, especially in the context of climate change adaptation, thereby enabling a more effective allocation of resources to mitigate water stress within each sector. • The relationship water-related environmental innovations affect water stress in three main sectors. • Water-related environmental innovations are closely related to water stress. • Environmental innovations has an important nonlinear role for water stress. • Environmental innovation has different impacts depending the level of water stress. [ABSTRACT FROM AUTHOR]

Background: The decarbonization of the mobility sector is one of the main challenges in the context of climate mitigation. In Germany, as in many other countries, policy measures aiming to make the mobility system greener frequently fail to produce substantial results, not least due to a lack of support by large sections of the general public. Policy measures directed at reducing car traffic in particular are often met with indifference and resistance. The question thus arises: what basis do citizens use to form their (often negative) opinions about sustainable mobility policies? As a conceptual starting point for our empirical analysis, we draw on the frame concept and focus on people's frames of the politics of mobility. With "politics of mobility" we refer to everything people could consider as political with regard to mobility. We understand frames as culturally mediated patterns of interpretation that ultimately motivate and guide actions. Results: Based on interviews and focus group data gathered in the region of the city of Stuttgart (Germany), we identify two dominant frames as well as combinations of these frames by which people make sense of the activities of political actors in the field of mobility. In one frame, which we labeled "politics-as-actor", mobility politics are interpreted with reference to politics as some kind of monolithic abstract actor. In the other, which we labeled as "politics-as-staged-process", mobility politics are portrayed as an interest-driven, opaque process that only purport to being democratic. Conclusions: In terms of policy recommendations, we use our findings to derive suggestions for how to increase support for green mobility policies: transparent implementation of policy measures, pragmatic policy styles and the involvement of intermediaries. [ABSTRACT FROM AUTHOR]

Global climate change has caused a series of environmental problems, green technology innovation is necessitating strategic responses, but the impact of low-carbon city pilot policy on urban green technology innovation is unclear. Based on panel data from 285 Chinese cities during 2005–2022, this study employs the Difference in Difference method to examine the impact of low-carbon city policy on urban green technology innovation. The results show that (1) The low-carbon city pilot policy promotes urban green technology innovation. (2) The low-carbon city pilot policy promotes urban green technology innovation through government green input and public engagement. (3) New infrastructure enhances the impact of low-carbon city pilot policy on quantity of green technology innovation. (4) Compared with the Yangtze River Economic Belt, the low-carbon city policy has a greater influence on urban green technology innovation in the Yellow River Basin.The findings provide policy insights for the construction of low-carbon pilot cities. [ABSTRACT FROM AUTHOR]

Semiconductor industry is experiencing a rising demand for environmentally friendly processes with the emphasis on green policies and worldwide environmental sustainability. Nitrogen trifluoride (NF3), the most common plasma chamber cleaning agent gas, poses a significant concern as a potent greenhouse gas since it has global warming potential (GWP), 740 times and 6 times higher than that CO2 and N2O. This study investigated the exhaust gas using quadrupole mass spectroscopy (QMS) and analyzed the change in cleaning speed and the type of exhaust gas through plasma monitoring using optical mass spectroscopy (OES). The objective is to lower the use of the amount of NF3 gas in chamber cleaning process to partially contribute the environmental sustainability in the point of semiconductor manufacturing. When a small amount of N2 was added to NF3 whose ratio of 7:23, the cleaning efficiency reached to 90% compared to NF3 gas alone. Addition of N2 positively affected electron density and temperature to increase the F-radical in remote plasma system. In conclusion, 18% of NF3 usage amount was reduced during the Sio2 deposition chamber cleaning process. [ABSTRACT FROM AUTHOR]

Climate change is a non-traditional security crisis affecting the global economy and diplomatic progress. In order to curtail carbon emissions and alleviate the perils of climate change at their roots, urban green innovation (UGI) has emerged as a pivotal technological solution. Using the expansion of the Yangtze River Delta urban agglomeration in China as a case study, this paper develops a quasi-experimental model to analyze the effects of regional integration policies on UGI. The main findings are: (1) Regional integration policies significantly enhance UGI and their impact is more pronounced with the expansion of urban agglomerations; (2) Regional integration policies contribute to the advancement of exploitative green innovation while tending to diminish exploratory green innovation; (3) The green innovation effects (GIEs) created by the expansion of regional integration policies are largely influenced by governmental mechanisms on environmental governance as well as residents' green preferences. Based on these findings, recommendations are put forward to promote UGI from the perspective of policy implementation. • The quasi-experimental models of urban agglomeration expansion on green innovation are constructed. • The positive effects of urban agglomeration expansion on green innovation are proven. • Urban agglomeration expansion can enhance exploitative green innovation and also reduce exploratory green innovation. [ABSTRACT FROM AUTHOR]

A review article summarising the current state of knowledge and suggesting directions for further research. It is part of a wider review aimed at assessing the effectiveness of climate change policies. The main difficulties considered in the article include the problems of environmental management and strategies for building resilience to climate change induced stress. The issues analysed in the article concern selected problems in the implementation of climate policy at global, regional and local levels. It was found that, under certain conditions, the effects of the measures taken can be counterproductive. The effectiveness and rationality of climate policy was also analysed from an economic perspective. The aim of the article was achieved on the basis of a review of domestic and foreign literature and documents on the subject, as well as a comparative analysis. The study covered selected issues that, in the author's opinion, should be taken into account when adapting the climate policy formulated at world summits to local conditions. This adaptation should include not only solutions but also targets. In conclusion, the author points out that the evaluation of the effectiveness of climate policy should be carried out at the local level and should include social and economic issues in addition to environmental ones, and should be accompanied by a balance of losses and benefits. [ABSTRACT FROM AUTHOR]

In current era of globalization, environmental sustainability has become a major concern in developing countries. This issue of sustainability also gained importance in Pakistan. Previous literature ignored the link of knowledge spillover along with energy efficiency and globalization on environmental sustainability in Pakistan. So, the motivation of current study is to explore the impact of energy efficiency, knowledge spillover, and globalization on environmental sustainability in Pakistan from 1980 to 2021. This study applied Phillip Perron (PP)unit test to determine the stationarity properties of study variables, and it was found that all variables are I(1). The study then applied the Johansen cointegration estimation technique, confirming a cointegration and long-run relationship between environmental sustainability, energy efficiency, knowledge spill over, and globalization. So, the vector error correction model is applied to determine the variables' long-run relationship. Results confirmed that knowledge spill over and energy efficiency negatively impact environmental sustainability by increasing the ecological footprint, while globalization positively affects environmental sustainability. Thus, for environmental sustainability policy formation, fostering circular economy practices that improve resource efficiency is essential, advocating a shift in the conventional production and utilization paradigm by recycling the natural environment and producing as little waste as possible. Further, governments should develop and stimulate the expansion of financial institutions and markets along with promoting a planned urbanization process are essential for ensuring that resources are handled sustainably. [ABSTRACT FROM AUTHOR]

Governments and policymakers play a crucial role in promoting consumer behaviors to mitigate climate change. The research on environmental policies over the past decades has not significantly increased knowledge regarding how effectively these policies help consumers embrace pro-environmental behaviors. Using the motivation–opportunity–ability (MOA) framework, this systematic review reveals that regulatory policies that constrain opportunities are more likely to promote pro-environmental behavior. Furthermore, economic policy instruments that facilitate opportunities are also more likely to promote pro-environmental behaviors. Despite being more commonly employed, informational policy instruments are less effective than regulatory and economic instruments. Although informational policy instruments that target opportunities instead of motivations and abilities can result in better outcomes, behavior change remains a challenge. This systematic review is significant because it clarifies mixed results in the literature regarding the effectiveness of environmental policies in promoting pro-environmental behaviors. Accordingly, a framework of MOA-based policy mix is proposed to help policymakers develop effective instruments that stimulate pro-environmental behaviors. [ABSTRACT FROM AUTHOR]

Thirty years of well-meaning efforts by environmental scientists, NGOs and foundations have failed to result in effective policy and nongovernmental action; we believe this is because the extent and nature of obstruction efforts are barely understood, and therefore not effectively countered. We built the Climate Social Science Network (CSSN) to address this damaging lack of understanding of climate obstruction. In the few years since our launch in September 2020, CSSN has grown rapidly to nearly 500 scholars in 35 countries, and shown that this research agenda is of wide interest and use for some of the world's most promising campaigns to address climate change. We wish CSSN to provide detailed, systematic and reliable information about the organizations obstructing climate action to civil society organizations, investigators, litigators, and policy-makers. However, we have learned that doing so only through scholarly outputs is not sufficient, and even with a focused effort on outreach and translation, that academic institutions are not by themselves adequate to match the complex organizational network assembled by conservative actors seeking to avoid regulation and roll back climate action. [ABSTRACT FROM AUTHOR]