Do economic policy uncertainty and environment-related technologies help in limiting ecological footprint?

Research output: Contribution to journalArticlepeer-review

55 Scopus citations

Abstract

Economic policies related to energy and the environment are found uncertain in developing economies. Renewable energy sources are gradually increasing in energy structure (ES) with the adoption of environment-related technologies (ERT). However, least attention is paid to investigating the nexus of economic policy uncertainty (EPU), ERT, ES, and ecological footprint (EF). Therefore, this study is an effort to examine the EPU, ERT, ES, and interaction of EPU and ERT on EF for BRICS economies under the umbrella of the STIRPAT model. By using the data from 1992 to 2020, findings are estimated through “cross-sectional dependence (CD test); CIPS and CADF unit root test; Westerlund’s co-integration; and CS-ARDL, AMG, and CCEMG.” Findings unveiled the negative role of EPU on EF. Furthermore, the role of RE and ERT is positive and substantial in decreasing the environmental degradation in BRICS. Therefore, the BRICS economies are suggested to be consistent on economic policies to catch the positive impact of ERT. Findings are robust to the policy implications.

Original languageEnglish
Pages (from-to)46612-46619
Number of pages8
JournalEnvironmental Science and Pollution Research
Volume29
Issue number31
DOIs
StatePublished - Jul 2022
Externally publishedYes

Bibliographical note

Publisher Copyright:
© 2022, The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

  1. SDG 7 - Affordable and Clean Energy
    SDG 7 Affordable and Clean Energy
  2. SDG 13 - Climate Action
    SDG 13 Climate Action

Keywords

  • BRICS
  • Ecological footprint
  • Economic policy uncertainty
  • Energy structure
  • Environment-related technologies

ASJC Scopus subject areas

  • Environmental Chemistry
  • Pollution
  • Health, Toxicology and Mutagenesis

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