Understanding the Role of Energy Productivity, Eco-Innovation and International Trade in Shaping Consumption-Based Carbon Emissions: A Study of BRICS Nations

Safi, Naila; Rashid, Mudassar; Shakoor, Usman; Khurshid, Nabila; Safi, Adnan; Munir, Fozia

doi:10.1007/s11356-023-29358-z

Cited by 32 publications

(3 citation statements)

References 43 publications

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“…These nations not only wield substantial economic influence but also play pivotal roles in shaping international policies, trade practices, and environmental initiatives. Collectively, the G7 nations make substantial contributions to the global GDP and serve as pioneers in technological innovation, trade strategies, and sustainable development policies (Safi et al, 2023). The impact of the G7 extends beyond economic metrics, encompassing geopolitical influence, standard-setting in governance, and fostering collaborative efforts to address various global challenges.…”

Section: Introductionmentioning

confidence: 99%

Renewable energy adoption and CO2 emissions in G7 economies: In-depth analysis of economic prosperity and trade relations

Rasheed

2024

JESCAE

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This study investigates the relationships between economic, environmental, and trade factors within the G7 economies from 1990 to 2022, focusing on their impacts on carbon dioxide (CO2) emissions. Analyzing data from G7 economies such as Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. The study employs multiple regression (MLR) models to examine the influence of economic and environmental factors on CO2 emissions. Additionally, factor loading analysis and structural equation modeling (SEM) is utilized to validate construct reliability and visualize complex relationships. The findings highlight positive correlations between GDP growth and employment, alongside negative correlations with income inequality. In addition, environmental challenges are evident through negative correlations with industrial and energy-related CO2 emissions. The practical implications highlight the importance for policymakers to prioritize strategies promoting economic growth, addressing income inequality, and fostering sustainable trade relationships within the G7 economies to ensure inclusive and sustainable development. This study contributes to the literature by offering comprehensive insights into the intricate dynamics between economic, environmental, and trade factors and their impacts on CO2 emissions.

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Section: Introductionmentioning

confidence: 99%

Renewable energy adoption and CO2 emissions in G7 economies: In-depth analysis of economic prosperity and trade relations

Rasheed

2024

JESCAE

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“…It is imperative for politicians to carefully evaluate the environmental ramifications of their political choices and devise strategies to mitigate adverse effects. According to Sweidan (2023) and Safi et al (2023), the presence of geopolitical problems is closely linked to environmental concerns, as distant issues have the potential to generate instability and conflict. Climate change encompasses more than mere environmental concerns, as it exacerbates conflicts between nations and occasionally leads to conflicts over natural resources.…”

Section: Graphical Abstract 1 Introductionmentioning

confidence: 99%

Integrating non-renewable energy consumption, geopolitical risks, economic development with the ecological intensity of wellbeing: evidence from quantile regression analysis

Khurshid,

Egbe,

Akram

2024

Front. Energy Res.

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Introduction: This study delves into the intricate relationship between non-renewable energy sources, economic advancement, and the ecological footprint of well-being in Pakistan, spanning the years from 1980 to 2021.Methods: Employing the quantile regression model, we analyzed the co-integrating dynamics among the variables under scrutiny. Non-renewable energy sources were dissected into four distinct components—namely, gas, electricity, and oil consumption—facilitating a granular examination of their impacts.Results and discussion: Our empirical investigations reveal that coal, gas, and electricity consumption exhibit a negative correlation with the ecological footprint of well-being. Conversely, coal consumption and overall energy consumption show a positive association with the ecological footprint of well-being. Additionally, the study underscores the detrimental impact of geopolitical risks on the ecological footprint of well-being. Our findings align with the Environmental Kuznets Curve (EKC) hypothesis, positing that environmental degradation initially surges with economic development, subsequently declining as a nation progresses economically. Consequently, our research advocates for Pakistan’s imperative to prioritize the adoption of renewable energy sources as it traverses its developmental trajectory. This strategic pivot towards renewables, encompassing hydroelectric, wind, and solar energy, not only seeks to curtail environmental degradation but also endeavors to foster a cleaner and safer ecological milieu.

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“…In addition to the health implications, air pollution has economic consequences [1][2][3][4]. At the individual level, it has the potential to intensify behavioral biases among investors, impedes the ability to make sound decisions [5], and disrupt productivity in the workplace [6][7][8]. On a macro level, it poses risks to countries' manufacturing productivity.…”

Section: Introductionmentioning

confidence: 99%

Does air pollution inhibit digital finance? Evidence from Chinese prefecture-level cities

Zheng,

Cen,

2023

PLoS ONE

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Air pollution poses significant health and economic challenges globally and specifically affecting China. Although air pollution has been associated with decreased productivity and biases in decision-making, its effect on the development of digital finance has received limited attention in the literature. By employing city-level data from China covering the period from 2013 to 2020, this research examines the impact of air pollution on digital finance. The results show that deteriorating air quality has a negligible impact on digitalization, whereas it has a negative impact on financial inclusion, measured by usage and coverage metrics. The negative impact on financial inclusion is more noticeable in economically weaker and less developed urban areas and low R&D than in developed areas and economically robust cities. The mechanism analysis shows that air pollution reduces human capital quality, resulting in a decline in financial inclusivity. These findings have significant policy implications, underscoring the necessity for approaches that simultaneously tackle air pollution and foster financial innovation.

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Understanding the Role of Energy Productivity, Eco-Innovation and International Trade in Shaping Consumption-Based Carbon Emissions: A Study of BRICS Nations

Cited by 32 publications

References 43 publications

Renewable energy adoption and CO2 emissions in G7 economies: In-depth analysis of economic prosperity and trade relations

Renewable energy adoption and CO2 emissions in G7 economies: In-depth analysis of economic prosperity and trade relations

Integrating non-renewable energy consumption, geopolitical risks, economic development with the ecological intensity of wellbeing: evidence from quantile regression analysis

Does air pollution inhibit digital finance? Evidence from Chinese prefecture-level cities

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