Research Article
Case Study on Obstacles and Implementation Paths of Shandong Energy's Green and Low-carbon Transformation
Guo Yun
,
Wu Shuchang*
Issue:
Volume 12, Issue 4, August 2024
Pages:
211-216
Received:
9 July 2024
Accepted:
24 July 2024
Published:
6 August 2024
Abstract: In the context of global climate change and environmental regulations, it is worth exploring in theory and practice how coal enterprises can achieve green and low-carbon transformation and maintain sustainable development. This article takes Shandong Energy in China as an example, analyzes the obstacles faced by Shandong Energy's green and low-carbon transformation, such as resource distribution, talent structure, industrial structure, and supporting policies. From the perspectives of mergers and acquisitions, industrial structure, resource reserves, intelligent mines, technological innovation, integration of industry and finance, and resource integration, it deeply analyzes and summarizes Shandong Energy's practical paths and beneficial experiences in green and low-carbon transformation and achieving sustainable development. The research results have been found that mergers and acquisitions, as well as resource integration, have broadened the temporal and spatial boundaries and opportunity set for the green and low-carbon transformation of coal enterprises; Technological innovation is the intrinsic driving force for the green and low-carbon transformation of coal enterprises, providing technical support for their sustainable development; Financial innovation provides fund support for the green and low-carbon transformation and sustainable development of coal enterprises. The research conclusions have important practical significance and theoretical marginal contributions, provides experience reference and theoretical guidance for the green and low-carbon transformation of the other coal industry enterprises.
Abstract: In the context of global climate change and environmental regulations, it is worth exploring in theory and practice how coal enterprises can achieve green and low-carbon transformation and maintain sustainable development. This article takes Shandong Energy in China as an example, analyzes the obstacles faced by Shandong Energy's green and low-carb...
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Research Article
Public Debt Management and Economic Growth in Sierra Leone (1973-2022)
Sylvester Bob Hadji*,
Mohamed Ibrahim Justice Ganawah
Issue:
Volume 12, Issue 4, August 2024
Pages:
217-234
Received:
12 June 2024
Accepted:
1 August 2024
Published:
27 August 2024
DOI:
10.11648/j.ijefm.20241204.12
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Abstract: Sierra Leone is a small developing country that continues to encounter enormous public debt challenges, principally as a result of inadequate Gross Domestic Product (GDP) and imprudent debt management. The country’s current debt-to-GDP ratio stands at 78.70%. The study investigates and analyses the impact of public debt on economic growth in Sierra Leone for the period 1973-2022. The study employs time series secondary data which were collected from various sources including the Central Bank of Sierra Leone and the Ministry of Finance. Key macroeconomic variables such as external debt stock-to-GDP ratio and domestic debt stock-to-GDP ratio were specified in the models employed in this study. The variables were tested for stationarity using unit root tests before applying the Autoregressive Distributed Lag (ARDL) approach in running the regression with a view to ascertaining both short run and long run effects of public debt on economic growth in Sierra Leone. Various diagnostic tests were carried out to appraise the robustness of the estimated growth equations using appropriate econometric criteria. The study empirically reveals a negative impact of public debt (both domestic and external) on economic growth in Sierra Leone both in the short run and in the long run. Furthermore, the study reveals that in order to ensure effective public debt management in Sierra Leone, there must be effective management of capital projects financed by public debt and to ensure stable exchange rates to reduce cost of financing debt. The study, therefore, proffers strategic recommendations in line with the findings, including a review of Sierra Leone’s debt management strategy to ensure that public debt is directed towards productive capital projects.
Abstract: Sierra Leone is a small developing country that continues to encounter enormous public debt challenges, principally as a result of inadequate Gross Domestic Product (GDP) and imprudent debt management. The country’s current debt-to-GDP ratio stands at 78.70%. The study investigates and analyses the impact of public debt on economic growth in Sierra...
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