Wang Weisong, Sun Wenjing, Awan Usama, A Nassani Abdelmohsen, H Binsaeed Rima, Zaman Khalid
School of Marxism, Xinjiang Normal University, WuLuMuQi 830017, China.
School of Marxism, Guangxi Science and Technology Normal University, LaiBin 546199, China.
Heliyon. 2023 Aug 8;9(8):e19013. doi: 10.1016/j.heliyon.2023.e19013. eCollection 2023 Aug.
Aviation cargo remains vital in the economic activities to transported goods from one place to another. The developed and developing countries mainly consider the transaction routes for air transportation for safe and quickest mode. Chinese economy is attracting the global World through its exports. The country's air cargo system is mainly reliant on gasoline and petroleum-based fuels, which harms the country's green transportation agenda. The high use of fuel combustions in the aviation sector needed greenfield investment that helps to use green energy as an alternative sustainable fuel. Further, sustainable aviation insurance and financial coverage are needed to mitigate the adverse negative externalities from air cargo operations. Based on the crucial facts, the study used air cargo operations, transportation fuel combustions, private investment in the transportation and insurance coverage in the pollution damage function for the China economy using data from 1975 to 2020. The research employed a non-linear ARDL Bounds testing strategy to break down the sequence of variables into dynamic positive and negative multipliers. Positive shocks in air freight, insurance services, and greenfield investment have been shown to reduce carbon emissions immediately and over the long term. In the short term, carbon damages are exacerbated by the negative shocks resulting from the use of transportation fuel and the availability of insurance. Moreover, both the positive and negative shocks associated with transportation fuel combustions and air transportation freights contribute to a rise in carbon damage. The variance decomposition analysis validated the asymmetric correlations between the aforementioned variables in the intertemporal environment. Based on the findings, negative shocks from total fuel combustions are expected to impose the greatest carbon damages over the next decade, followed by insurance services and air freight operations. The study concludes that air cargo operations need to be sustainable transacting routes fueled by biofuel energy sources, greenfield investment, and sustainable aviation insurance coverage to achieve the 'green is clean' transportation agenda.
航空货运在将货物从一地运往另一地的经济活动中仍然至关重要。发达国家和发展中国家主要考虑航空运输的交易路线，以实现安全、最快的运输方式。中国经济通过出口吸引着全球关注。该国的航空货运系统主要依赖汽油和石油基燃料，这不利于该国的绿色交通议程。航空部门燃料燃烧的大量使用需要绿地投资，以帮助使用绿色能源作为替代可持续燃料。此外，还需要可持续的航空保险和财务覆盖，以减轻航空货运业务产生的负面外部性。基于这些关键事实，本研究利用1975年至2020年的数据，将航空货运业务、运输燃料燃烧、运输领域的私人投资以及保险覆盖纳入中国经济的污染损害函数中。该研究采用非线性自回归分布滞后边界检验策略，将变量序列分解为动态正乘数和负乘数。航空货运、保险服务和绿地投资的正向冲击已被证明能在短期和长期内立即减少碳排放。在短期内，运输燃料使用和保险可得性带来的负向冲击会加剧碳损害。此外，与运输燃料燃烧和航空运输货运相关的正向和负向冲击都会导致碳损害增加。方差分解分析验证了上述变量在跨期环境中的不对称相关性。基于研究结果，预计未来十年总燃料燃烧产生的负向冲击将造成最大的碳损害，其次是保险服务和航空货运业务。该研究得出结论，航空货运业务需要以生物燃料能源、绿地投资和可持续航空保险覆盖为动力的可持续交易路线，以实现“绿色即清洁”的交通议程。
