首页|The impact of green finance,eco-innovation,renewable energy and carbon taxes on CO2 emissions in BRICS countries:Evidence from CS ARDL estimation

The impact of green finance,eco-innovation,renewable energy and carbon taxes on CO2 emissions in BRICS countries:Evidence from CS ARDL estimation

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A sharp increase in economic and human development has multiplied the carbon intensity due to which there is a significant need of effective strategies in order to curb carbon emissions.Thus,the present study aims to examine the effective of green finance,eco-innovation,renewable energy output(REO),renew-able energy consumption(REC),and carbon taxes on carbon dioxide(CO2)emissions in BRICS countries in the time of 2001-2020.Cross-sectional autoregressive distributed lag(CS ARDL)is used to test the con-nection among the variables.Empirical estimations of CS-ARDL approach validates the effectiveness of green finance,eco-innovation,REO,REC,carbon taxes,and industrialization as the relationship of these factors with carbon emissions is negative in nature in BRICS economies.Based on the evidences,the study recommends the formulation of environmentally friendly practices and advancement in green finances to mitigate carbon emissions.

Green financeEco-innovationRenewable energy outputCarbon taxesEnvironmental degradationCO2 emissions

Muhammad Sadiq、Ka Yin Chau、Nguyen Tran Thai Ha、Thi Thu Hien Phan、Thanh Quang Ngo、Pham Quang Huy

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Carbon Economy Research Center,Fuzhou University of International Studies and Trade,Fuzhou 350202,China

School of Accounting and Finance,Faculty of Business and Law,Taylor's University,Malaysia

University of Economics and Human Sciences in Warsaw,Warsaw,Poland

Faculty of Business,City University of Macau,Taipa,Macau,China

Faculty of Finance and Banking,Van Lang University,Ho Chi Minh City,Vietnam

Zhejiang Shuren University,No.8 Shuren street,Hangzhou 310015,China

School of Government,University of Economics Ho Chi Minh City(UEH),Ho Chi Minh City 72407,Viet Nam

Research Group Public Governance and Developmental Issues,University of Economics Ho Chi Minh City(UEH),Ho Chi Minh City 72407,Viet Nam

Ho Chi Minh City University of Economics and Finance(UEF),Ho Chi Minh City,Vietnam

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University of Economics Ho Chi Minh City,Vietnam

2024

10.1016/j.gsf.2023.101689

地学前缘(英文版)
中国地质大学（北京） 北京大学

地学前缘(英文版)

CSTPCD
影响因子：0.576
ISSN：1674-9871
年,卷(期)：2024.15(4)
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