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

World Development Sustainability, Год журнала: 2023, Номер 3, С. 100096 - 100096

Опубликована: Авг. 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.

Язык: Английский

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Green finance, fintech, and environmental sustainability: fresh policy insights from the BRICS nations

International Journal of Sustainable Development & World Ecology, Год журнала: 2023, Номер 30(6), С. 633 - 649

Опубликована: Фев. 27, 2023

The BRICS region has considered achieving environmental sustainability a top priority in terms of policy. Environmental distress is mostly brought on by the region's continued reliance fossil fuels to supply local energy needs. Besides, historically been significant importer fuels, making it difficult substantially reduce them. As result, nations' greenhouse gas (GHG) emission rates have steadily increased over time. Moreover, offers vast untapped amounts renewable sources that may be used generate power without adversely harming environment. In light this, this paper examines combined effects green finance (GFN) and financial technology (fintech) carbon neutrality goals from 1990 2020, while controlling for innovation, economic growth natural resources rent. results economies, which are supported EKC hypothesis, suggest GFN, fintech innovation (ENI) promote sustainability. However, rent (NRR) (GDP) degrade quality. Additionally, shown bidirectional causality exists between CO2 emissions fintech, NRR. GDP ENI exhibit unidirectional with emissions. Based empirical findings, suggested countries should speed up development products expand ability banks institutions provide credit facilities, put into research usage GFN solutions.

Язык: 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, Год журнала: 2023, Номер 31(5), С. 3657 - 3672

Опубликована: Май 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.

Язык: Английский

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Revisiting the nexus between fiscal decentralization and CO2 emissions in South Africa: fresh policy insights

Financial Innovation, Год журнала: 2023, Номер 9(1)

Опубликована: Фев. 2, 2023

Abstract The argument over fiscal decentralization and carbon dioxide emission (CO 2 ) reduction has received much attention. However, evidence to back this claim is limited. Economic theory predicts that affects environmental quality, but the specifics of relationship are still up for debate. Some scholars noted might lead a race top, whereas others contended it would result in bottom. In light current debates development economics, study aims provide insight into how may function South Africa from 1960 2020. contrast existing research, present uses novel dynamic autoregressive distributed lag simulation approach assess positive negative changes decentralization, scale effect, technique technological innovation, foreign direct investment, energy consumption, industrial growth, trade openness on CO emissions. following main findings: (i) Fiscal had impact short long run, highlighting presence top approach. (ii) growth (as represented by effect) eroded ecological integrity. its square expressed aided strengthening protection, validating Kuznets curve hypothesis. (iii) emissions were driven utilization, openness, value-added, innovation boosted Findings suggest further should be undertaken through devolution power local entities, particularly regarding policy issues, maintain Africa’s sustainability. also establish policies improve sustainability lower layer government clarifying responsibilities at national levels fulfill energy-saving functions expenditures.

Язык: Английский

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

Energy Policy, Год журнала: 2024, Номер 189, С. 114110 - 114110

Опубликована: Апрель 9, 2024

Язык: Английский

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Can fiscal decentralization be the route to the race to zero emissions in South Africa? Fresh policy insights from novel dynamic autoregressive distributed lag simulations approach

Environmental Science and Pollution Research, Год журнала: 2023, Номер 30(16), С. 46446 - 46474

Опубликована: Янв. 31, 2023

Язык: Английский

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Striving towards carbon neutrality target in BRICS economies: Assessing the implications of composite risk index, green innovation, and environmental policy stringency

Sustainable Environment, Год журнала: 2023, Номер 9(1)

Опубликована: Май 10, 2023

The world governments have come together under the Paris Agreement to begin decarbonization and transition a zero-carbon economy. goal of attaining low-carbon growth is not as simple it may appear, however, because fast developing fossil fuel-dependent global economies are concentrated on accelerating economic expansion at expense catastrophic environmental repercussions. In light these circumstances, this study aims investigate combined implications composite risk (CRI), green innovation (GINOV), policy stringency (EPS) carbon dioxide (CO2) emissions in context Brazil, Russia, India, China, South Africa (BRICS), while controlling for (GDP) renewable energy research development (RERD) over period from 1960 2020. addresses problems cross-sectional dependence slope heterogeneity data set used analysis by using second-generation cross-sectionally augmented autoregressive distributed lags (CS-ARDL) framework evaluate long- short-run models. accompanying findings confirm cointegrating relationships between variables. Additionally, results regression demonstrate that EPS, GINOV, RERD contribute long-term reduction CO2 emissions. CRI GDP, increase important conclusions, suggested BRICS nations prevent deterioration strengthening policies promoting development. addition, authorities should encourage use sources ecologically beneficial technologies improve quality achieve neutrality target.

Язык: Английский

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Long-term low carbon strategy of Morocco: A review of future scenarios and energy measures

Results in Engineering, Год журнала: 2023, Номер 21, С. 101724 - 101724

Опубликована: Дек. 29, 2023

This comprehensive review article illuminates Morocco's proactive response to climate change challenges over the past decades. Faced with drought episodes akin other Mediterranean countries, Morocco contends significant water stress, boasting limited resources estimated at 20 billion cubic meters and an annual per capita consumption of 700 m3. The country experiences a temperature surge 0.3–2.5 °C, coupled decreased precipitation, heightening impact on resources. plans 40 % reduction in emissions by 2030 (18.3 unconditional, 27.2 conditional international aid) impressive 77 decrease 2050 compared Business as Usual levels. study offers comprehensive, groundbreaking analysis, representing first low-carbon strategy energy initiatives. It meticulously examines 155 research papers through Preferred Reporting Items for Systematic Reviews Meta-Analyses (PRISMA) methodology, categorizing solutions into engineering managerial domains. Covering power, transport, building, industry, agriculture, provides taxonomy solutions, including renewable energy, auditing, efficiency, sufficiency, digitalization management. Simultaneously, ranging from education subsidies policy reforms, are detailed. These contribute standing leader action clean transition. Despite these contributions, acknowledges potential limitations, reliance available literature regional variations solution applicability. Nonetheless, it serves foundational resource understanding endeavors addressing promoting sustainable practices.

Язык: Английский

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Towards climate action and UN sustainable development goals in BRICS economies: do export diversification, fiscal decentralisation and environmental innovation matter?

International Journal of Urban Sustainable Development, Год журнала: 2023, Номер 15(1), С. 172 - 200

Опубликована: Июнь 13, 2023

Several nations across the world place a high focus on achieving carbon reduction objectives. Climate change is most catastrophic result of human activity. Eco-innovation, export diversification, and fiscal decentralization are all viable approaches for resolving environmental concerns sustainability goals. These tactics could help countries levels government pursue what they consider to be sustainable development. This research assesses combined impact green technical innovation, in order accomplish goals BRICS from 1970 2020. The long-run dynamic equilibrium between chosen variables explored using augmented mean group (AMG) approach. results show that while use technology renewable energy improves environment, ecological harm aggravated by decentralization, economic growth. should exercise caution implementing diversification programs.

Язык: Английский

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Greening human capital towards environmental quality in Ghana: Insight from the novel dynamic ARDL simulation approach

Energy Policy, Год журнала: 2023, Номер 176, С. 113514 - 113514

Опубликована: Март 2, 2023

Язык: Английский

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