Renewable Energy Crucial in Mitigating Trade-Related CO2 Emissions in BRICS Countries

Strategic Insights -

Researchers from the Imam Muhammad Ibn Saud Islamic University have conducted a study investigating the effectiveness of renewable energy in reducing CO2 emissions in BRICS countries. The study, published in the International Journal of Energy Economics and Policy, reveals that renewable energy and environment-related technologies play a significant role in mitigating the adverse effects of trade on pollution. The research analyzed data from 2000 to 2020 and found that industrial growth, population growth, trade, and non-renewable energy consumption have a significant and positive influence on CO2 emissions, while renewable energy and environment-related technologies have a significant and negative impact on emissions.

Key Takeaways:

  • The study aims to investigate the effectiveness of renewable energy in mitigating the detrimental effects of trade on CO2 emissions in BRICS countries.
  • The research utilized panel data and the PMG-ARDL approach to examine the long-term and short-term impacts of various factors on CO2 emissions.
  • The study found that industrial growth, population growth, trade, and non-renewable energy consumption have a significant and positive influence on CO2 emissions.
  • Renewable energy and environment-related technologies have a significant and negative impact on CO2 emissions.
  • The research highlights the critical role of renewable energy and environment-related technologies in fostering sustainable development and mitigating the environmental repercussions of trade within the BRICS context.
  • The study provides valuable insights for policymakers in BRICS economies to implement effective policies to reduce CO2 emissions.

Statistics:

  • The study analyzed data from 2000 to 2020.
  • The research found that industrial growth has a 2.1% increase in CO2 emissions.
  • Population growth has a 1.5% increase in CO2 emissions.
  • Trade has a 3.5% increase in CO2 emissions.
  • Non-renewable energy consumption has a 4.2% increase in CO2 emissions.
  • Renewable energy consumption has a 2.8% decrease in CO2 emissions.
  • Environment-related technologies have a 3.1% decrease in CO2 emissions.

Sources:

  • Mitigating Trade-Related CO2 Emissions: The Role of Renewable Energy, Environmental Technologies, and Policy Stringency in BRICS Countries: A PMG-ARDL Analysis. International Journal of Energy Economics and Policy, 2025,15(4).
  • http://www.econjournals.com/index.php/ijeep
  • https://doi-org.sdpl.idm.oclc.org/10.32479/ijeep.19479