TY - JOUR
T1 - Are cities venturing green? A global analysis of the impact of green entrepreneurship on city air pollution
AU - Cojoianu, Theodor F.
AU - Hoepner, Andreas G.F.
AU - Hu, Xi
AU - Ramadan, Moustafa
AU - Veneri, Paolo
AU - Wójcik, Dariusz
N1 - Funding Information:
This work has been supported by funding from the ClimateWorks Foundation, Science Foundation Ireland (Award 19/FIP/AI/7539), the International Network for Sustainable Financial Policy Insights, Research, and Exchange (INSPIRE), the IRC and the EU Horizon 2020 Marie Sklodowska-Curie grant agreement No. 713279 (CLNE/2018/202), the European Union’s Horizon 2020 research and innovation programme for research on Fintech (Grant No. H2020-ICT-825215), and the European Research Council (ERC) under the European Union’s Horizon 2020 research and innovation programme (grant agreement No. 681337)—CityNet Project and Fintech Project Grant No 825215. Authors are listed alphabetically. All remaining errors are our own.
PY - 2023/4/14
Y1 - 2023/4/14
N2 - Situated at the intersection between environmental entrepreneurship and urban sustainability, our paper seeks to investigate the links between city-level green venture ecosystems and the ability of urban centres to reduce air pollution. Using a large dataset of 12,834 urban centres from around the world and their associated yearly average particulate matter (PM2.5), we show that an increase in the cumulative number of green start-ups drives the lowering of PM2.5 levels. Looking closely at the subsectors that drive the results, we observe that the urban centres which hosted increased numbers of innovators in smart grid technologies, energy efficiency and wind energy generation (the low carbon energy sector overall) also experienced a decrease in air pollution over the 2010–2019 period. Thus, our study is a global analysis of the environmental impact of green entrepreneurship on local air pollution.
AB - Situated at the intersection between environmental entrepreneurship and urban sustainability, our paper seeks to investigate the links between city-level green venture ecosystems and the ability of urban centres to reduce air pollution. Using a large dataset of 12,834 urban centres from around the world and their associated yearly average particulate matter (PM2.5), we show that an increase in the cumulative number of green start-ups drives the lowering of PM2.5 levels. Looking closely at the subsectors that drive the results, we observe that the urban centres which hosted increased numbers of innovators in smart grid technologies, energy efficiency and wind energy generation (the low carbon energy sector overall) also experienced a decrease in air pollution over the 2010–2019 period. Thus, our study is a global analysis of the environmental impact of green entrepreneurship on local air pollution.
KW - air pollution
KW - green entrepreneurship
KW - impact investing
KW - urban entrepreneurship
UR - http://www.scopus.com/inward/record.url?scp=85152965575&partnerID=8YFLogxK
U2 - 10.1007/s11187-023-00764-4
DO - 10.1007/s11187-023-00764-4
M3 - Article
AN - SCOPUS:85152965575
SN - 0921-898X
JO - Small Business Economics
JF - Small Business Economics
ER -