A path towards carbon mitigation amidst economic policy uncertainty in brics: an advanced panel analysis

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dc.contributor.authorAli, Shahid
dc.contributor.authorJiang, Junfeng
dc.contributor.authorAhmad, Mahmood
dc.contributor.authorUsman, Ojonugwa
dc.contributor.authorAhmed, Zahoor
dc.date.accessioned2023-01-19T08:34:00Z
dc.date.available2023-01-19T08:34:00Z
dc.date.issued2022en_US
dc.departmentFakülteler, Ticari Bilimler Fakültesi, Ekonomi Bölümüen_US
dc.description.abstractContinuing economic progress with less environmental damage and achieving a sustainable environment require switching from fossil fuels to green energy. However, alleviating environmental damage of growth has become a major challenge for BRICS where economic progress amidst rising urbanization pollutes the environment. In this context, the fght against climate change and actions towards environmental sustainability are greatly afected by rising economic policy uncertainty. Hence, this study assesses the role of green energy, urbanization, and economic growth in CO2 emissions in the presence of economic policy uncertainty in BRICS (excluding South Africa) from 1997 to 2020. The study used the cross-sectionally augmented auto-regressive distributive lag technique for revealing the short- and long-run efects of the analyzed variables on environmental quality. The empirical evidence suggested that the environmental Kuznets curve exists according to the recent framework of Narayan and Narayan Energy Policy 38:661–666, (2010) because even though economic growth increases CO2 emissions, its long-run efect is less than the short-run efect. Economic policy uncertainty boosts CO2 not only in the short-run but also in the long-run, evidencing that a sustainable environment requires decreasing the levels of policy uncertainty. For BRICS, switching towards green energy is a vital option to decrease environmental deterioration owing to the negative connection between green energy and CO2. The fndings indicated that rapid urbanization is among the causes of high CO2. Furthermore, economic policy uncertainty infuences both green energy and economic growth levels. Finally, policies are recommended to mitigate environmental deterioration.en_US
dc.identifier.doi10.1007/s11356-022-20004-8en_US
dc.identifier.pmid35404030en_US
dc.identifier.scopus2-s2.0-85127949114en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.urihttps://hdl.handle.net/11467/6072
dc.identifier.urihttps://doi.org/10.1007/s11356-022-20004-8
dc.identifier.wosWOS:000780706200003en_US
dc.identifier.wosqualityQ1en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.indekslendigikaynakPubMeden_US
dc.language.isoenen_US
dc.publisherSpringer Science and Business Media Deutschland GmbHen_US
dc.relation.ispartofEnvironmental Science and Pollution Researchen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/embargoedAccessen_US
dc.subjectCO2 mitigation · Urbanization · Economic policy uncertainty · Environmental degradation · Green energyen_US
dc.titleA path towards carbon mitigation amidst economic policy uncertainty in brics: an advanced panel analysisen_US
dc.typeArticleen_US

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