The drivers of environmental sustainability in BRICS economies: Do green finance and fintech matter?

World Development Sustainability, Journal Year: 2023, Volume and Issue: 3, P. 100096 - 100096

Published: Aug. 19, 2023

The BRICS nations have made environmental sustainability a top priority in their policies due to concerns about the negative impact of fossil fuel reliance on environment. Their dependence fuels, both for energy production and imports, has led steady increase greenhouse gas emissions over time. However, also significant potential renewable sources that can be harnessed without harming In this study, we examine how green finance (GFN) financial technology (fintech) contribute nations' goal achieving carbon neutrality from 2000 2018. We consider influence innovation, economic growth, natural resources rent. results support Environmental Kuznets Curve hypothesis indicate GFN, fintech, innovation promote sustainability. On other hand, rent, growth quality. find there is bidirectional causality between CO2 while GDP exhibit unidirectional with emissions. Based these findings, recommend countries prioritize development products expand capacity banks institutions offer credit facilities. Furthermore, more should dedicated research effectively use solutions managing associated risks.

Language: Английский

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Striving for the United Nations (UN) sustainable development goals (SDGs) in BRICS economies: The role of green finance, fintech, and natural resource rent

Sustainable Development, Journal Year: 2023, Volume and Issue: 31(5), P. 3657 - 3672

Published: May 31, 2023

Abstract In terms of policy, the BRICS region has prioritized achieving environmental sustainability. Environmental problems are mostly caused by area's continuous reliance on fossil fuels to meet its energy requirements. It is also challenging significantly reduce region's because historically, been a big importer fuels. As result, greenhouse gas (GHG) emission rates countries have rising over time. Furthermore, area enormous untapped reserves renewable sources that can be exploited produce electricity without negatively impacting ecosystem. light this, this research analyses, while controlling for innovation, economic growth, and natural resource rent, combined effects green finance (GFN) financial technology (fintech) in reaching carbon neutrality goals from 1990 2020. The findings economies, which consistent with EKC theory, imply sustainability promoted GFN, fintech, innovation (ENI). NRR (natural rent) GDP (economic growth) compromise quality, nevertheless. demonstrated there two‐way causal relationship between CO 2 emissions NRR. However, it ENI one‐way emissions. recommended nations speed up development products increase capacity banks institutions offer credit facilities based empirical findings. basic study how solutions might used lowering related risks should receive more funding.

Language: Английский

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Toward sustainable development goals 7 and 13: A comprehensive policy framework to combat climate change

Environmental Impact Assessment Review, Journal Year: 2024, Volume and Issue: 105, P. 107415 - 107415

Published: Jan. 18, 2024

Language: Английский

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Linking green fiscal policy, energy, economic growth, population dynamics, and environmental degradation: Empirical evidence from Germany

Energy Policy, Journal Year: 2024, Volume and Issue: 189, P. 114110 - 114110

Published: April 9, 2024

Language: Английский

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Energy security risk and financial development nexus: Disaggregated level evidence from South Korea by cross-quantilogram approach

Applied Energy, Journal Year: 2024, Volume and Issue: 363, P. 123135 - 123135

Published: March 30, 2024

Language: Английский

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Comprehensive sustainability assessment and multi-objective optimization of a novel renewable energy driven multi-energy supply system

Applied Thermal Engineering, Journal Year: 2023, Volume and Issue: 236, P. 121461 - 121461

Published: Aug. 31, 2023

Language: Английский

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Upholding the green agenda of COP27 through publicly funded R&D on energy efficiencies, renewables, nuclear and power storage technologies

Technology in Society, Journal Year: 2023, Volume and Issue: 75, P. 102380 - 102380

Published: Sept. 22, 2023

Policy strategies to foster climate-change resilient ecosystems require broad-based identification of the mechanisms underlying nexus. Prior investigations, maybe, inadvertently left so many factors unverified. Failing verify, specifically, how climate change is influenced by public-funded research and development (R&D) on energy efficiencies, renewables, nuclear energy, power storage technologies concealed vital policy insights. We have analyzed a panel series aforementioned stretching from 1985 2021 in context G10 countries. Several innovative techniques robust cross-national exigencies were implemented. This includes two recently introduced third-generation unit-root procedures, Banerjee Carrion-i-Silvestre cointegration process, fully-generalized least square, panel-corrected standard error, Driscoll-Kray errors, dynamic common correlated effects estimator. Long-run elasticities informed that total R&D expenditure green-technologies more effective mitigating energy-induced emissions than overall surface temperature. energies performed better minifying both metrics storage. Fossil fuel remained inimical environmental sustainability. Energy-tax promoted quality significantly reducing It commendable invest energy-enhancing but other direct bearing deserve consideration.

Language: Английский

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How crucial are natural resources in descending environmental degradation in Ghana? A novel dynamic ARDL simulation approach

Journal of Cleaner Production, Journal Year: 2023, Volume and Issue: 420, P. 138427 - 138427

Published: Aug. 10, 2023

Language: Английский

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Oil rents and environmental sustainability: do green technologies and environmental technological innovation matter?

Journal of Open Innovation Technology Market and Complexity, Journal Year: 2024, Volume and Issue: 10(3), P. 100366 - 100366

Published: Aug. 15, 2024

Language: Английский

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Assessing the influence of green innovation and environmental policy stringency on CO2 emissions in BRICS

Environment Development and Sustainability, Journal Year: 2024, Volume and Issue: unknown

Published: April 3, 2024

Language: Английский

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