The impact of carbon neutrality on the investment performance: Evidence from the equity mutual funds in BRICS

Ji, Xiangfeng; Zhang, Yusong; Mirza, Nawazish; Umar, Muhammad; Rizvi, Syed Kumail Abbas

doi:10.1016/j.jenvman.2021.113228

Cited by 206 publications

(37 citation statements)

References 53 publications

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“…Carbon emissions mainly result in environmental degradation and global warming. However, the carbon neutrality target was introduced in 2002, which seeks to lighten fossil fuel production by 6% per year by 2030 to achieve a carbon-free environment [30,31]. In particular, the cessation of fossil fuel production in 2030 will diminish emissions by approximately 45% in relation to 2010 and 60% compared with 1990.…”

Section: Eco-innovation and Carbon Neutralitymentioning

confidence: 99%

Technology Innovation, Economic Growth and Carbon Emissions in the Context of Carbon Neutrality: Evidence from BRICS

Zhang

2021

Sustainability

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This study selects the panel data of five BRICS nations (Brazil, Russia, India, China, South Africa) from 1990 to 2019 to empirically explore the impact of technological innovation and economic growth on carbon emissions under the context of carbon neutrality. Granger causality test results signify that there exists a one-way causality from technology patent to carbon emission and from economic growth to carbon emission. We also constructed an improved Stochastic Impacts by Regression on Population, Affluence, and Technology (STIRPAT) model. The regression results manifest that technology patents contribute to the realization of carbon emission reduction and carbon neutralization, while the economic growth of emerging economies represented by BRICS countries significantly improves carbon emissions, but every single BRICS country shows differentiated carbon emissions conditions with their economic development stages. The impact of the interaction term on carbon emissions for the five BRICS countries also presents country-specific heterogeneity. Moreover, the Environmental Kuznets Curve (EKC) test results show that only Russia and South Africa have an inverted U-shaped curve relationship between economic growth and carbon emissions, whereas Brazil, India and China have a U-shaped curve relationship. There exists no EKC relationship when considering BRICS nations as a whole. Further robustness tests also verify that the conclusions obtained in this paper are consistent and stable. Finally, the paper puts forward relevant policy suggestions based on the research findings.

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Section: Eco-innovation and Carbon Neutralitymentioning

confidence: 99%

Technology Innovation, Economic Growth and Carbon Emissions in the Context of Carbon Neutrality: Evidence from BRICS

Zhang

2021

Sustainability

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“…Several of the initiatives adopted to attain carbon neutrality will have a substantial economic impact (Ji et al 2021 ). The economic impact of carbon neutrality is mostly due to a shift in economic development models, as well as energy production and consumption.…”

Section: Sustainability Resulting From Carbon Neutralitymentioning

confidence: 99%

Strategies to achieve a carbon neutral society: a review

et al. 2022

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The increasing global industrialization and over-exploitation of fossil fuels has induced the release of greenhouse gases, leading to an increase in global temperature and causing environmental issues. There is therefore an urgent necessity to reach net-zero carbon emissions. Only 4.5% of countries have achieved carbon neutrality, and most countries are still planning to do so by 2050–2070. Moreover, synergies between different countries have hampered synergies between adaptation and mitigation policies, as well as their co-benefits. Here, we present a strategy to reach a carbon neutral economy by examining the outcome goals of the 26th summit of the United Nations Climate Change Conference of the Parties (COP 26). Methods have been designed for mapping carbon emissions, such as input–output models, spatial systems, geographic information system maps, light detection and ranging techniques, and logarithmic mean divisia. We present decarbonization technologies and initiatives, and negative emissions technologies, and we discuss carbon trading and carbon tax. We propose plans for carbon neutrality such as shifting away from fossil fuels toward renewable energy, and the development of low-carbon technologies, low-carbon agriculture, changing dietary habits and increasing the value of food and agricultural waste. Developing resilient buildings and cities, introducing decentralized energy systems, and the electrification of the transportation sector is also necessary. We also review the life cycle analysis of carbon neutral systems.

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“…Other studies have analyzed the impact of energy policies, green finance policies, green investment, fiscal decentralization, credit ratings policies on the reduction of CO 2 emissions in China, in emerging markets or in developed countries respectively (Bilgili et al, 2019;Kuşkaya and Bilgili, 2019;Ji et al, 2021a;Bilgili et al, 2021;Ji et al, 2021b;Hao et al, 2021;Li et al, 2021;Shen et al, 2021;Umar et al, 2021;Yu et al, 2022). Elahi and other researchers (Elahi et al, 2018;Elahi et al, 2019;Elahi et al, 2021a;Elahi et al, 2021b) focused on climatic factors, socio-psychological behavior and institutional and public policies regarding the use of farmland.…”

Section: Introductionmentioning

confidence: 99%

How Does Government Policy Improve Green Technology Innovation: An Empirical Study in China

Niu

et al. 2022

Front. Environ. Sci.

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This paper divides government policy according to policy quantity, policy effectiveness and policy executive force so that the government policy can be quantified in more detail. Green patent data is used to represent green technological innovation, and the fixed effect model and panel data analysis from 2010 to 2019 are employed. The empirical results show that government policy has a significant direct promoting effect on green technology innovation. And the positive impact of policy quantity and policy effectiveness on green technology innovation is greater than that of policy executive force. In addition, the government policy will weaken the positive effect of enterprise innovation vitality on green technology innovation. Research conclusions also show that the direct and indirect effects of government policies on green technology innovation are heterogeneous. The government still needs appropriately policies adapted to the local situation, coordinated in policy quantity, policy effectiveness, and executive force, and accelerate the establishment of market-oriented green technology innovation environment. Different regions also should find the right green technology innovation policy scheme for their own regions.

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The impact of carbon neutrality on the investment performance: Evidence from the equity mutual funds in BRICS

Cited by 206 publications

References 53 publications

Technology Innovation, Economic Growth and Carbon Emissions in the Context of Carbon Neutrality: Evidence from BRICS

Technology Innovation, Economic Growth and Carbon Emissions in the Context of Carbon Neutrality: Evidence from BRICS

Strategies to achieve a carbon neutral society: a review

How Does Government Policy Improve Green Technology Innovation: An Empirical Study in China

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