LPG is seen as a transitional energy source for BRICS-T countries, helping them navigate dependence on non-renewable fuels while considering renewable alternatives.
The study examines the connections between financial development, LPG consumption, economic growth, and their impacts on environmental degradation from 1993 to 2018, revealing mixed effects on ecological health and carbon emissions.
Results suggest that while LPG consumption can degrade the environment, financial institutions play a positive role in ecological well-being, highlighting the need for balanced policies that promote sustainable development.