Policy uncertainty, renewable energy, corruption and CO2 emissions nexus in BRICS-1 countries: a panel CS-ARDL approach
Contribution to Journal
Article Title | Policy uncertainty, renewable energy, corruption and CO2 emissions nexus in BRICS-1 countries: a panel CS-ARDL approach |
---|---|
ERA Journal ID | 5894 |
Authors | Sadiq, Muhammad, Hassan, Syed Tauseef, Khan, Irfan and Rahman, Mohammad Mafzur |
Journal Title | Environment, Development and Sustainability: a multidisciplinary approach to the theory and practice of sustainable development |
Number of Pages | 27 |
Year | 2023 |
Publisher | Springer |
Place of Publication | Netherlands |
ISSN | 1387-585X |
1573-2975 | |
Digital Object Identifier (DOI) | https://doi.org/10.1007/s10668-023-03546-w |
Web Address (URL) | https://link.springer.com/article/10.1007/s10668-023-03546-w |
Abstract | Due to the ecological impacts of fossil energy, renewable energy has become crucial for inclusion in the energy supply to realize a sustainable environment, enhance public welfare, and combat global climate change. However, the transition to renewable energy and eco-sustainability is hampered by certain factors, such as uncertainties in economic policies and corruption. To this end, this study delves into the effects of renewable energy, policy uncertainty, and corruption on CO2 emissions for a panel comprising Brazil, Russia, India, and China (BRICS-1) regulating the environment Kuznets growth curve (EKGC) hypothesis for a period 1990–2020. The unique panel cross-sectional augmented ARDL (CS-ARDL) approach was used in the study, which addresses the constraints of standard procedures by integrating cross-sectional dependence heterogeneity and endogeneity. The findings demonstrated that renewable energy consumption and corruption control contribute to long-term emissions reductions; however, policy uncertainty threatens environmental sustainability. In addition, BRICS-1 nations can benefit from the EKGC theory. The study offers significant ramifications for reducing pollution and suggests that policymakers establish sustainable measures to reduce policy uncertainties, control corruption, and enact environmental regulations that foster a safer environment for all citizens. |
Keywords | Economic policy uncertainty · Control of corruption · Renewable energy · Environmental quality · BRICS-1 countries |
Contains Sensitive Content | Does not contain sensitive content |
ANZSRC Field of Research 2020 | 380105. Environment and resource economics |
380204. Panel data analysis | |
Public Notes | File reproduced in accordance with the copyright policy of the publisher/author. |
Byline Affiliations | Central South University, China |
University of Religions and Denominations, Iran | |
Anhui Polytechnic University, China | |
Beijing Institute of Technology, China | |
School of Business |
https://research.usq.edu.au/item/yz0xx/policy-uncertainty-renewable-energy-corruption-and-co2-emissions-nexus-in-brics-1-countries-a-panel-cs-ardl-approach
Download files
106
total views238
total downloads7
views this month35
downloads this month