Decarbonizing residential buildings in the developing world: Historical cases from China

Unused housing in urban China and its carbon emission impact

The intensive utilization of residential space is crucial to the transition to a carbon-neutral residential sector, although it has received limited attention in the literature. We develop a methodology to estimate the volume of unused housing in urban China, defined as dwelling units built and sold for at least two years but never occupied. By early 2021, 17.4% of the housing stock built in China during the first two decades of this century remained unused. The construction and operation of unused housing produce 55.81 million tons of carbon dioxide annually at the national level, accounting for 6.9% of the Chinese residential sector's carbon emissions or 26.5% of the carbon emission reductions achieved by China's primary ongoing residential decarbonization efforts. Cutting down the volume of unused dwelling units can contribute significantly to China's decarbonization in 2021-2030.

The road to carbon neutrality in China's building sector

The building sector is integral to climate change mitigation in China as well as the globe. By considering the impact of green innovation, we explore the long-term trend of carbon emissions in China's building sector until 2060, encompassing its entire life cycle. Results show that CO2 emissions of China's building sector will peak at 6.98-7.69 Bt in 2035 and maintain at 1.11 Bt in 2060 under the business-as-usual (BAU) scenario. The "3060 dual carbon goal" will only be achieved under the technological breakthrough (TB) scenario. These findings show that existing or relatively lax policies are insufficient to achieve the "3060" goal for the building sector. China should actively pursue green technological innovation throughout the building sector's life cycle, with a focus on accelerating the green and low-carbon production of key products, such as steel and cement, at the building material production stage.

Complexity influence of societal development comprehensive indicators on building carbon emission: empirical evidence from China

Carbon mitigation in the building sector is crucial for China to fulfill its commitments towards achieving a carbon peak and carbon neutrality. However, the impact of societal development and ecological indicators on building carbon emissions remains unclear. This study employs the panel smooth transition regression model to investigate the complex implications of societal development comprehensive indicators, characterized by harmonious development, decoupling, and technological advances, on buildings' total carbon emissions, based on the evidence from China's 30 provinces for the period between 2007 and 2020. Additionally, the robustness of the model confirms that the conclusion is still valid. The empirical results indicate a strongly non-linear relationship between societal development comprehensive indicators and building carbon emissions. Both the harmonious development and technological advances exhibit two transition functions, and decoupling features a single transition function. Harmonious development is more sensitive to the impact of building carbon emissions, while technological advances have tremendous emission reduction potential. From the time dimension, fluctuation trends and ranges are different. From the spatial dimension, the inhibiting and promoting effects on each province have regional heterogeneity. Our results entail suggestions for reduced building total carbon emissions and practical strategies for regional climate resilience and efficiency in mitigating climate change.

Do banking sector development, economic growth, and clean energy consumption scale up green finance investment for a sustainable environment in South Asia: evidence for newly developed RALS co-integration

Concern about climate change is spreading around the globe. The urge to comprehend the environmental effects and take action is sharply rising. Regarding this, the banking industry has a great chance to offer a solution in terms of green financial solutions and can meet the needs of carbon-conscious organizations to combat and defend our planet. Therefore, in light of this, according to the greatest understanding of the authors, this is the first study to investigate the role of banking sector development, economic growth, and clean energy consumption in scaling up green finance investment in South Asian nations, taking carbon emissions, foreign direct investment, remittances, inflation, and trade openness as control variables. This study uses a novel residual augmented least squares-Engle and Granger (RALS-EG) co-integration to test the long-term link and the quantile autoregressive distributed lag (QARDL) econometric approach to extract the association across the quantiles (q0.05-q0.95) for the period 2000-2020. The outcomes of QARDL show that banking sector development, economic growth, clean energy, carbon emissions, foreign direct investment, remittances, and trade openness play a positive role in attracting green finance in the long term. However, only inflation has a negative influence on scaling up finance in South Asian nations. Therefore, the concerned authorities (government, central banks, environmentalists, and policymakers) are urged to implement green finance policies and strategies as suggested and recommended by the results of this study.

Analysis of the spatio-temporal coupling coordination mechanism supporting economic resilience and high-quality economic development in the urban agglomeration in the middle reaches of the Yangtze River

The coupling coordination mechanism between economic resilience and high-quality economic development is clarified not only to improve the capacity of economies to withstand external shocks but also to boost the level of sustainable economic development. However, economic resilience and economic quality research are still in their infancy. This study constructs an economic resilience indicator system based on the data of 28 prefecture-level cities in the urban agglomeration in the middle reaches of the Yangtze River (UAMRYR) from 2010-2019. The entropy approach was then coupled with the coupling coordination model to determine the level of coupling coordination between the two. Finally, the geographical detector was employed to reveal the coupling coordination process and driving elements. This study demonstrates that: (1) The economic resilience and high-quality economic development of the UAMRYR are on the rise; (2) The coupling coordination degree between economic resilience and high-quality economic development is improving, with the average value increasing from 0.33 in 2010 to 0.46 in 2019, exhibiting a Core-Periphery spatial distribution pattern with Wuhan, Changsha, and Nanchang as the core; (3) The economic resilience resistance subsystem plays a substantial role in the driving influence of the coupling coordination degree, where the total retail sales of consumer goods indicator have an explanatory power of 0.8 or higher for coupled coordination. Innovation and inclusiveness thoroughly drive the coupling coordination degree among the five subsystems of high-quality economic development, where the q-value of the number of urban basic endowment insurance participants index is at least 0.9. Additionally, the interplay of the components demonstrates a complementary enhancement impact and a two-factor enhancement effect; (4) Economic resilience and high-quality economic development are complementary and provide a powerful incentive for the sustainable development of urban economic systems to achieve higher quality, more efficient, more egalitarian, and more sustainable economic development. Overall, this study improves the analysis of mechanism between economic resilience and high-quality economic development, and it provides more targeted guidance for economic development in the UARMRYR.