The role of environmental tax policy, natural resource rents, and outward foreign direct investment in advancing clean energy consumption in BRICS-T countries
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F25%3A43927728" target="_blank" >RIV/62156489:43110/25:43927728 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.1080/13504509.2025.2582187" target="_blank" >https://doi.org/10.1080/13504509.2025.2582187</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1080/13504509.2025.2582187" target="_blank" >10.1080/13504509.2025.2582187</a>
Alternative languages
Result language
angličtina
Original language name
The role of environmental tax policy, natural resource rents, and outward foreign direct investment in advancing clean energy consumption in BRICS-T countries
Original language description
Within the framework of energy transition theory, this study examines the drivers of renewable energy consumption (REC) in the BRICS-T countries (Brazil, Russia, India, China, South Africa, and Turkey) from 1990 to 2022. Using the pooled mean group (PMG)-Autoregressive Distributed Lag (ARDL) and the Panel Nonlinear ARDL (NARDL) models, this study specifically examines the effects of technological innovation, outward FDI, environmental tax policy, natural resource rents, and urbanization on renewable energy consumption. The PMG-ARDL results indicate that environmental tax policies and natural resource rents have a significant long-term impact on reducing renewable energy consumption, while technological innovation strongly promotes renewable energy consumption. The short-run estimates confirm the adjustment process toward equilibrium and reveal the immediate benefits of technological innovation. The NARDL model reveals asymmetric dynamics, such that tax cuts are more detrimental to renewable energy consumption than tax hikes are beneficial to it. Also, the declines in innovation have proportionately larger adverse effects than gains from innovation. The robustness checks using fully modified ordinary least squares (FMOLS) and dynamic ordinary least squares (DOLS) reinforce these findings. The causality analysis further shows that renewable energy consumption drives adjustments in environmental taxes and resource rents, while outward FDI unidirectionally supports renewable energy consumption. These results emphasize that consistent policy frameworks, sustained technological investment, prudent management of natural resource rents, and urban planning reforms are critical for accelerating the clean energy transition in BRICS-T economies.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50206 - Finance
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2025
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
International Journal of Sustainable Development and World Ecology
ISSN
1350-4509
e-ISSN
1745-2627
Volume of the periodical
32
Issue of the periodical within the volume
8
Country of publishing house
US - UNITED STATES
Number of pages
21
Pages from-to
1036-1056
UT code for WoS article
001617020700001
EID of the result in the Scopus database
2-s2.0-105022268064