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In this study, building a simple model that incorporates static and dynamic elements, the relationship of financial development and economic growth to environmental degradation is investigated together with the validation of the Environmental Kuznets Curve (EKC) hypothesis. Our analysis is based on an unbalanced panel data set covering the OECD countries over the period 1970-2014. Our approach thoroughly accounts for the presence of cross-sectional dependence between the sample variables and utilizes second generation panel unit root tests in order to investigate possible cointegration relationships. The empirical findings do indicate that local (NO x per capita emissions) and global (CO2 per capita emissions) pollutants redefine the EKC hypothesis when we account for the presence of financial development indicators. Specifically, in the case of global pollution an N-shape relationship is evident in both static and dynamic frameworks, with a very slow adjustment. Lastly, our study calls for a strengthening of the effectiveness of environmental degradation policies by ensuring sustainability of the OECD banking system in order to drastically reduce emissions. Copyright © 2017 John Wiley & Sons, Ltd and ERP Environment [ABSTRACT FROM AUTHOR]

American cities vary considerably in the degree to which they pursue sustainability. What explains this variation? One plausible cause of such differences is that sustainability may be more appealing to high-income cities than to more economically challenged cities. Yet such strict economic determinism seems simplistic and removes politics from an inherently political process. The hypothesis here is that any such relationship between income and commitment to sustainability is conditioned by a city's level of environmental advocacy. The data utilized in this analysis are derived from two large-scale data sources. One is a comprehensive inventory of sustainability programs and policies in 50 large American cities. The other is a set of surveys in those same 50 cities. The multivariate model supports the hypothesis. Controlling for income growth and the predisposition of policymakers to be supportive of sustainability (as well as other alternative explanations), a city's commitment to sustainability is strongly linked to the advocacy of environmental and sustainability groups in the policymaking process. The example of Sustainable Seattle is used to illustrate the linkages that would seem to underlie the statistical analysis. [ABSTRACT FROM AUTHOR]

Governments worldwide are recognising ecosystem services as an approach to address sustainability challenges. Decision-makers need credible and legitimate measurements of ecosystem services to evaluate decisions for trade-offs to make wise choices. Managers lack these measurements because of a data gap linking ecosystem characteristics to final ecosystem services. The dominant method to address the data gap is benefit transfer using ecological data from one location to estimate ecosystem services at other locations with similar land cover. However, benefit transfer is only valid once the data gap is adequately resolved. Disciplinary frames separating ecology from economics and policy have resulted in confusion on concepts and methods preventing progress on the data gap. In this study, we present a 10-step approach to unify concepts, methods and data from the disparate disciplines to offer guidance on overcoming the data gap. We suggest: (1) estimate ecosystem characteristics using biophysical models, (2) identify final ecosystem services using endpoints and (3) connect them using ecological production functions to quantify biophysical trade-offs. The guidance is strategic for public policy because analysts need to be: (1) realistic when setting priorities, (2) attentive to timelines to acquire relevant data, given resources and (3) responsive to the needs of decision-makers. [ABSTRACT FROM AUTHOR]

Why do some governments implement more sustainability practices than others? Based on a national survey of U.S. cities, this article finds moderate levels of sustainability efforts and capacity in U.S. cities; about one-third of the sustainability practices identified in this article have been implemented. The authors conclude that, first, capacity building is a useful conceptual focus for understanding sustainability implementation in U.S. cities. Capacity building involves developing technical and financial support and increasing managerial execution. Second, sustainability is strongly associated with managerial capacity, which includes establishing sustainability goals, incorporating goals in operations, and developing a supportive infrastructure. Third, getting stakeholders involved furthers the capacity for sustaining sustainability efforts. Citizen involvement is strongly associated with securing financial support for sustainability. [ABSTRACT FROM AUTHOR]