The role of quality institutions and technological innovations in environmental sustainability: Panel data analysis of BRI countries

The long-term development goals of most countries face significant challenges in reducing emissions, improving environmental sustainability, and mitigating the negative effects of climate change. This study looks at how the ecological sustainability of BRICS countries is affected by economic growth, financial development, new technologies, and renewable energy consumption with the mediating effect of trade openness. The study covers the years 2004–2023, and it was based on fixed-effect models that use static panel data. Data were collected from the World Development Indicators website. The countries and time frame for this study were selected on the basis of data availability. These findings show that the use of renewable energy sources, technological innovation, and financial development all have a significant and positive impact on environmental sustainability. Nevertheless, environmental sustainability is significantly and negatively impacted by economic growth. Furthermore, trade openness functions as a significant mediator between them. Based on empirical evidence, the paper suggests that the BRICS nations seek sustainable economic development. Moreover, government agencies need to accurately evaluate the connection between financial development and emission reduction when formulating programs to cut emissions.

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Drivers of Carbon Emissions in Kenya: The Perspective of Technology

Mose,

Fumey,

Kipchirchir

2024

AJGR

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The empirical studies have portrayed from a different perspective that technology, foreign direct investment (FDI), and economic growth have diverse outcomes on carbon dioxide (CO2) emissions. African economies specifically Kenya are currently threatened with more CO2 emissions for which proper strategies need to be adopted to reduce and mitigate this situation. To address this issue, the Autoregressive Distributed Lag (ARDL) technique was utilized, differentiating between the long-term and short-term effects of drivers of CO2. Granger causality was applied to analyze the causality between the series. The study uses time series data for Kenya from 1990 to 2022. The short-run and long-run results indicate a negative relationship between technology and carbon emissions. Specifically, an increase in technology reduces carbon emissions while an increase in economic growth and FDI inflow increases carbon emissions. The study has identified the negative nexus between technology and carbon emissions in Kenya. This means that technological innovation can increase labour productivity and utilization of resources, thereby reducing carbon emissions. Therefore, Kenya should increase research and utilization of low and efficient carbon technologies to decouple economic growth from environmental pollution. Based on the result, various strategies have been proposed, including using different clean technologies to produce renewable fuels. FDI that complies with environmental regulations, and the use of advanced green and clean technologies can help mitigate the negative impact of technological progress on the environment. Additionally, technological progress, particularly in information and communication technology, will reduce greenhouse gas emissions and improve environmental quality.

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The role of quality institutions and technological innovations in environmental sustainability: Panel data analysis of BRI countries

Cited by 3 publications

References 69 publications

The “Age of Disruption”: The Predicament of Sustainability

The “Age of Disruption”: The Predicament of Sustainability

Environmental Sustainability in BRICS Economies: The Nexus of Technology Innovation, Economic Growth, Financial Development, and Renewable Energy Consumption

Drivers of Carbon Emissions in Kenya: The Perspective of Technology

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