Sustainable Development

We conduct research on the interactions between natural resources and human development from an interdisciplinary lens. In particular, we investigate inequality of carbon emissions between the rich and poor, as well as the dependence on low-income households on natural resources for their livelihoods. We try to understand the consequences of these interactions for long term environmental challenges such as climate change and biodiversity loss.

Working Papers

Gu, Xuesong and Qian, Yuhao (2020): "Financial Agglomeration and Carbon Emissions: Theoretical Analysis and Empirical Evidence from China." DRF Working Paper 1, August 2020

Abstract- This paper establishes a theoretical model to reveal how financial agglomeration influences carbon emission, considering the influence of three driving factors to carbon emission, i.e. urbanization, economic growth and technological progress. Empirically, it quantifies the hypothesis proposed by the theoretical analysis using China’s provincial panel data during the year 2005-2016. Our empirical results show that financial agglomeration promotes carbon emissions, but the positive correlation is mitigated by urbanisation, economic growth and technological progress. In addition, as the data of 29 provinces in China are grouped into three regions, it is found that East China generates more carbon emissions as becoming increasingly urbanized and no long-term equilibrium relationship exists between carbon emissions and explanatory variables in West China. These findings can help policymakers in China and other developing countries regulate the development of the financial industry, especially, regarding its agglomeration in response to the aggravating greenhouse gas effects in the globe.

We operate globally and are registered in Dehradun, Uttarakhand, India