This study explores the association between natural resources rent, industrial value addition, banking development, renewable energy consumption, total reserves and environmental quality in the dynamic context of BRICS nations from 1995 to 2019. BRICS economies are responsible for global greenhouse gas emissions and confront pressing environmental challenges, including biodiversity loss and pollution. For the dependent variable, the environmental quality, the study constructed a composite index using PCA for all environmental indicators where interdependencies among variables are prevalent.
View Article and Find Full Text PDFThe crucial role of environmental assessment quality has been recognised by environmental and sustainable development goals in addressing climate change challenges. By focusing on the key identifier of environmental assessment, progress can be made towards overcoming climate change issues effectively. The current study considers environmental commitments under COP28 to study the role of economic complexity, greenfield investments, and energy innovation in environmental degradation in newly industrialised economies from 1995 to 2021.
View Article and Find Full Text PDFThe gravest challenge for economic sustainability is the undetermined growth in the financial and economic risks of the nation, which need to be overcome with adequate measures without compromising economic growth. The uncertainty of economic factors produces fluctuations in the financial sector and makes them more vulnerable. However, the existing literature has not significantly focused on the economic and financial risk challenge for sustainable economic growth.
View Article and Find Full Text PDFEnviron Sci Pollut Res Int
November 2022
Environmental, social, and governance (ESG) pillars help determine the business organizations' sustainable business practices. Considering the same, this research examines the association between firm characteristics, governance mechanisms, and ESG for a sample of 564 firms from fifteen developed economies. For empirical analysis, ordinary least square, fixed effect, and random effect estimations techniques were applied using annual data from 2010 to 2019.
View Article and Find Full Text PDFAfter the Paris Climate Conference (Conference of the Paris COP21), emerging countries also start succeeding in carbon neutrality targets. In doing so, environmental sustainability has become a vital concern over the past few decades. To control the pollution from combustion gases and to mitigate the destructive effects of carbon emission on environmental quality, governments and policymakers need to consider the important factors that decrease the net carbon emission level, such as eco-innovation and environmental taxes.
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