The influence of economic complexity processes and renewable energy on CO2 emissions of BRICS. What about industry 4.0?

Kód výsledku v IS VaVaI

RIV/60460709:41110/23:96874 - isvavai.cz

Výsledek na webu

https://doi.org/10.1016/j.resourpol.2023.103547

DOI - Digital Object Identifier

10.1016/j.resourpol.2023.103547

Jazyk výsledku

angličtina

Název v původním jazyce

The influence of economic complexity processes and renewable energy on CO2 emissions of BRICS. What about industry 4.0?

Popis výsledku v původním jazyce

This study analyses the relationship between carbon dioxide emissions per capita, the economic complexity index, renewable energy, and inward foreign direct investment using panel data for the BRICS countries from 1995 to 2020. Empirical results confirm that the environmental Kuznets curve is fulfilled, with a positive but decreasing contribution of economic development on environmental deterioration, to the point that neutrality on CO2 emissions can be achieved in the long term. In addition, the results confirm, in this case, the Pollution Haven Hypothesis, that is, the set of BRICS economies chooses to apply regulations that do not respect the environment. The results of other econometric studies support this study, pointing to long-run cointegration. The unit root tests and the variance inflation test also point to stationarity at the first difference and a lack of multicollinearity, respectively. Finally, given the scarcity of empirical studies, this study adopts an incipient methodology to approximate the impact of the technologies associated with Industry 4.0 on carbon emissions, obtaining evidence that their effect on environmental deterioration is very moderate. In addition, the results suggest that, in the long term, these technologies can contribute to achieving the neutrality of polluting emissions.

Název v anglickém jazyce

The influence of economic complexity processes and renewable energy on CO2 emissions of BRICS. What about industry 4.0?

Popis výsledku anglicky

This study analyses the relationship between carbon dioxide emissions per capita, the economic complexity index, renewable energy, and inward foreign direct investment using panel data for the BRICS countries from 1995 to 2020. Empirical results confirm that the environmental Kuznets curve is fulfilled, with a positive but decreasing contribution of economic development on environmental deterioration, to the point that neutrality on CO2 emissions can be achieved in the long term. In addition, the results confirm, in this case, the Pollution Haven Hypothesis, that is, the set of BRICS economies chooses to apply regulations that do not respect the environment. The results of other econometric studies support this study, pointing to long-run cointegration. The unit root tests and the variance inflation test also point to stationarity at the first difference and a lack of multicollinearity, respectively. Finally, given the scarcity of empirical studies, this study adopts an incipient methodology to approximate the impact of the technologies associated with Industry 4.0 on carbon emissions, obtaining evidence that their effect on environmental deterioration is very moderate. In addition, the results suggest that, in the long term, these technologies can contribute to achieving the neutrality of polluting emissions.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2023

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

RESOURCES POLICY

ISSN

0301-4207

e-ISSN

0301-4207

Svazek periodika

82

Číslo periodika v rámci svazku

MAY 2023

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

10

Strana od-do

—

Kód UT WoS článku

000988815800001

EID výsledku v databázi Scopus

2-s2.0-85153577644