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Cited by 113Energy, Environment, Economic GrowthClimate Change Policy and EconomicsRenewable energy and sustainable power systems

BRICS carbon neutrality target: Measuring the impact of electricity production from renewable energy sources and globalization

Juan lin, Shen, Yijuan, Li, Xin, Hasnaoui, Amir·2021·Journal of Environmental Management
DOI 10.1016/j.jenvman.2021.113460
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Abstract

Globally, the issues of climate change and global warming rapidly rises due to extensive CO 2 emission. In this regard, countries across the globe initiate policies to combat CO 2 emissions and attain a carbon neutrality target. As an emerging research area, the current study investigated carbon neutrality targets for BRICS economies (excluding Russia) covering the period from 1980 to 2018. This study covers important variables that influence both the economy and energy. Considering the role of electricity production from renewable energy and globalization, this study also checked for the role of income and renewable energy consumption. Various second-generation unit root and cointegration tests are used for the panel data to observe the stationarity and long-run relationship among these variables. Also, the DOLS and FMOLS are employed for the long-run estimation. Additionally, the article utilizes fixed effect and random effect models. This study also utilizes the augmented mean group (AMG) to confirm the prior findings. The empirical findings present evidence of the validity of the environmental Kuznets curve (EKC) hypothesis in the region. Moreover, the findings suggest that income and globalization play a positive role in carbon dioxide emission, which negatively influences the carbon neutrality target. However, electricity production from renewable energy and renewable energy consumption is efficient for achieving carbon neutrality targets. Specifically, the AMG estimates reveal that a percent increase in GDP and globalization increases 1.087 and 0.0342 % CO 2 emissions while a unit increase in renewable electricity production and renewable energy consumption declines CO 2 emissions by 0.0205 and 0.0143 %, respectively. The results are found robust and significant. Based on the empirical findings, policy implications are provided that would lead the BRICS region to attain the carbon neutrality target by revising the policies concerning globalization and economic growth. Also, proper attention should be paid to renewable energy electricity adaptation.

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Crossref · 10.1016/j.jenvman.2021.113460

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  • Increasing globalization by 1% increases carbon emissions by 0.0342%.

    “The findings indicated that increasing globalization by 1% increases carbon emissions by 0.0342%, whereas increasing a unit of renewable energy consumption such as wind and hydropower reduces carbon emissions by 0.0143%.”

    From Strategies to achieve a carbon neutral society: a review (2022) · cites this paper as Juan et al. 2021

  • Increasing a unit of renewable energy consumption such as wind and hydropower reduces carbon emissions by 0.0143%.

    “The findings indicated that increasing globalization by 1% increases carbon emissions by 0.0342%, whereas increasing a unit of renewable energy consumption such as wind and hydropower reduces carbon emissions by 0.0143%.”

    From Strategies to achieve a carbon neutral society: a review (2022) · cites this paper as Juan et al. 2021

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Authors
lin, J., Shen, Y., Li, X., & Hasnaoui, A.
Affiliations
  • Wuchang University of Technology (CN)
  • Qingdao University (CN)
  • Excelia Business School (FR)
Corresponding author
Li, Xin
ORCID
Venue
Journal of Environmental Management
Publisher
Elsevier BV
Published
2021-11
Volume
298
Pages
113460
ISSN
0301-4797 (ISSN-L)
DOI
10.1016/j.jenvman.2021.113460
OpenAlex
W3193686215
Cited by
112
References
66
Citations by year
2026: 7 · 2025: 20 · 2024: 21 · 2023: 27 · 2022: 33 · 2021: 4
FWCI
16.23
Type
journal article
Language
en
Open access
closed
Licence
Locations
  • Journal of Environmental Management (publishedVersion)
  • PubMed (publishedVersion)
Topics
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Energy, Environment, Economic Growth
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Climate Change Policy and Economics
  • Physical Sciences › Energy › Renewable Energy, Sustainability and the Environment › Renewable energy and sustainable power systems
Keywords
carbon neutrality, CO2 emissions, renewable energy consumption, renewable electricity production, globalization, environmental Kuznets curve, economic growth, BRICS economies, climate policy, long-run relationship
MeSH terms
Carbon Dioxide, Electricity, Internationality, Economic Development, Renewable Energy

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