The BRICS Nations Framework for Curbing Carbon Emissions: Evidence From Energy Intensity, Renewable Energy, and Environmental Policy

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Autori principali: Xuying Zhu, Hadi Hussain, Song Fang
Natura: Artículo Open Access
Pubblicazione: Wiley 2024
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author Xuying Zhu
Hadi Hussain
Song Fang
author_facet Xuying Zhu
Hadi Hussain
Song Fang
Xuying Zhu
Hadi Hussain
Song Fang
collection Wiley Open Access
contents The BRICS Nations Framework for Curbing Carbon Emissions: Evidence From Energy Intensity, Renewable Energy, and Environmental Policy Xuying Zhu Hadi Hussain Song Fang Asia & the Pacific Policy Studies ABSTRACTIn the pursuit of sustainable development, the escalating challenges of global environmental pollution and the imperative to mitigate energy intensity stand as paramount concerns. As a result, this study aims to construct a comprehensive framework that acknowledges the interplay between energy intensity, the stringency of environmental policies, and the integration of renewable energy within BRICS nations. Utilizing a panel dataset covering the years 1991–2021, this study employs a range of econometric methods such as cross‐sectional dependence tests, second‐generation unit root tests, and panel co‐integration analysis. The results reveal the pivotal roles of energy intensity, the integration of renewable energy sources, and the enforcement of stringent environmental policies in mitigating carbon emissions. Additional analysis indicates that the impact of energy intensity in lowering carbon emissions is strengthened when institutional quality and research and development capabilities reach a certain threshold, thereby offsetting the impact of openness. In accordance, the present study suggests adopting a versatile and inclusive policy approach to effectively decrease carbon emissions, providing insights for policymakers in crafting climate change mitigation strategies and fostering sustainable development. 10.1002/app5.70002 http://creativecommons.org/licenses/by/4.0/
doi_str_mv 10.1002/app5.70002
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spellingShingle The BRICS Nations Framework for Curbing Carbon Emissions: Evidence From Energy Intensity, Renewable Energy, and Environmental Policy
Xuying Zhu
Hadi Hussain
Song Fang
Asia & the Pacific Policy Studies
The BRICS Nations Framework for Curbing Carbon Emissions: Evidence From Energy Intensity, Renewable Energy, and Environmental Policy Xuying Zhu Hadi Hussain Song Fang Asia & the Pacific Policy Studies ABSTRACTIn the pursuit of sustainable development, the escalating challenges of global environmental pollution and the imperative to mitigate energy intensity stand as paramount concerns. As a result, this study aims to construct a comprehensive framework that acknowledges the interplay between energy intensity, the stringency of environmental policies, and the integration of renewable energy within BRICS nations. Utilizing a panel dataset covering the years 1991–2021, this study employs a range of econometric methods such as cross‐sectional dependence tests, second‐generation unit root tests, and panel co‐integration analysis. The results reveal the pivotal roles of energy intensity, the integration of renewable energy sources, and the enforcement of stringent environmental policies in mitigating carbon emissions. Additional analysis indicates that the impact of energy intensity in lowering carbon emissions is strengthened when institutional quality and research and development capabilities reach a certain threshold, thereby offsetting the impact of openness. In accordance, the present study suggests adopting a versatile and inclusive policy approach to effectively decrease carbon emissions, providing insights for policymakers in crafting climate change mitigation strategies and fostering sustainable development. 10.1002/app5.70002 http://creativecommons.org/licenses/by/4.0/
title The BRICS Nations Framework for Curbing Carbon Emissions: Evidence From Energy Intensity, Renewable Energy, and Environmental Policy
topic Asia & the Pacific Policy Studies
url https://onlinelibrary.wiley.com/doi/10.1002/app5.70002