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 language | English |
|---|---|
| Pages (from-to) | 46612-46619 |
| Number of pages | 8 |
| Journal | Environmental Science and Pollution Research |
| Volume | 29 |
| Issue number | 31 |
| DOIs | |
| State | Published - Jul 2022 |
| Externally published | Yes |
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)
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SDG 7 Affordable and Clean Energy
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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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