Do environmental protection investments contribute to environmentally-oriented SDGS?
The most vital problems of humanity mentioned in SDGs are the consequences of climate change and biodiversity loss and problems with access to water and forest resources. Although there is a deep understanding of the problems, there are reasons that do not allow finding swift solutions, and the incr...
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| Format: | Article |
| Language: | English |
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LLC "CPC "Business Perspectives"
2022-11-01
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| Series: | Environmental Economics |
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| Online Access: | https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/17384/EE_2022_01_Vorontsova.pdf |
| _version_ | 1798016416565166080 |
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| author | Anna Vorontsova Oleksandra Rieznyk Alla Treus Zhanna Oleksich Nataliia Ovcharova |
| author_facet | Anna Vorontsova Oleksandra Rieznyk Alla Treus Zhanna Oleksich Nataliia Ovcharova |
| author_sort | Anna Vorontsova |
| collection | DOAJ |
| description | The most vital problems of humanity mentioned in SDGs are the consequences of climate change and biodiversity loss and problems with access to water and forest resources. Although there is a deep understanding of the problems, there are reasons that do not allow finding swift solutions, and the increasing funding gap for the relevant SDGs is one of them. This study aims to establish the connection between environmental protection investments and the achievement of environmentally oriented sustainable development goals across 31 European countries (26 EU Member States, 3 EFTA Countries, and Ukraine as a Candidate to EU). The paper employed the PLS-SEM approach. The obtained results proved that the accumulated amount of environmental protection investments does not have a statistically significant relationship with the integral indicators of SDG 6 “Clear water and sanitation,” SDG 13 “Climate action,” and SDG 15 “Life on land” (the coefficient of determination, the path coefficient, and the reliability coefficients were insignificant). The study of a similar relationship between the level and the directions of SDGs 6, 13, and 15 achievements also did not reveal any significant results. As the last step of the analysis, the hypothesis about a relationship between environmental protection investments and Environmental Performance Index components was also rejected. Therefore, the statistical significance and relevance of the analyzed indicators were not confirmed. Based on this, a conclusion was made about the insufficiency of investment resources for environmental protection to overcome the gap in achieving environmentally-oriented SDGs. |
| first_indexed | 2024-04-11T15:50:26Z |
| format | Article |
| id | doaj.art-87af292689724f14876c8031937f4197 |
| institution | Directory Open Access Journal |
| issn | 1998-6041 1998-605X |
| language | English |
| last_indexed | 2024-04-11T15:50:26Z |
| publishDate | 2022-11-01 |
| publisher | LLC "CPC "Business Perspectives" |
| record_format | Article |
| series | Environmental Economics |
| spelling | doaj.art-87af292689724f14876c8031937f41972022-12-22T04:15:21ZengLLC "CPC "Business Perspectives"Environmental Economics1998-60411998-605X2022-11-0113114115410.21511/ee.13(1).2022.1217384Do environmental protection investments contribute to environmentally-oriented SDGS?Anna Vorontsova0https://orcid.org/0000-0003-0603-3869Oleksandra Rieznyk1https://orcid.org/0000-0002-2121-3908Alla Treus2https://orcid.org/0000-0002-9213-6700Zhanna Oleksich3https://orcid.org/0000-0002-4486-974XNataliia Ovcharova4https://orcid.org/0000-0002-8362-3283Ph.D., Department of International Economic Relations, Sumy State UniversityPh.D. Student, Department of Soil Science and Soil Protection, Czech University of Life Sciences Prague (CZU)Ph.D. Student, Department of Economics, Entrepreneurship, and Business Administration, Sumy State University Ph.D., Department of Accounting and Taxation, Sumy State UniversityPh.D., Department of Accounting and Taxation, Sumy State UniversityThe most vital problems of humanity mentioned in SDGs are the consequences of climate change and biodiversity loss and problems with access to water and forest resources. Although there is a deep understanding of the problems, there are reasons that do not allow finding swift solutions, and the increasing funding gap for the relevant SDGs is one of them. This study aims to establish the connection between environmental protection investments and the achievement of environmentally oriented sustainable development goals across 31 European countries (26 EU Member States, 3 EFTA Countries, and Ukraine as a Candidate to EU). The paper employed the PLS-SEM approach. The obtained results proved that the accumulated amount of environmental protection investments does not have a statistically significant relationship with the integral indicators of SDG 6 “Clear water and sanitation,” SDG 13 “Climate action,” and SDG 15 “Life on land” (the coefficient of determination, the path coefficient, and the reliability coefficients were insignificant). The study of a similar relationship between the level and the directions of SDGs 6, 13, and 15 achievements also did not reveal any significant results. As the last step of the analysis, the hypothesis about a relationship between environmental protection investments and Environmental Performance Index components was also rejected. Therefore, the statistical significance and relevance of the analyzed indicators were not confirmed. Based on this, a conclusion was made about the insufficiency of investment resources for environmental protection to overcome the gap in achieving environmentally-oriented SDGs.https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/17384/EE_2022_01_Vorontsova.pdfeducationenvironmental protectionfinancial gapinvestmentsSDGstructural equation modeling |
| spellingShingle | Anna Vorontsova Oleksandra Rieznyk Alla Treus Zhanna Oleksich Nataliia Ovcharova Do environmental protection investments contribute to environmentally-oriented SDGS? Environmental Economics education environmental protection financial gap investments SDG structural equation modeling |
| title | Do environmental protection investments contribute to environmentally-oriented SDGS? |
| title_full | Do environmental protection investments contribute to environmentally-oriented SDGS? |
| title_fullStr | Do environmental protection investments contribute to environmentally-oriented SDGS? |
| title_full_unstemmed | Do environmental protection investments contribute to environmentally-oriented SDGS? |
| title_short | Do environmental protection investments contribute to environmentally-oriented SDGS? |
| title_sort | do environmental protection investments contribute to environmentally oriented sdgs |
| topic | education environmental protection financial gap investments SDG structural equation modeling |
| url | https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/17384/EE_2022_01_Vorontsova.pdf |
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