The impact of green finance, eco-innovation, renewable energy and carbon taxes on CO2 emissions in BRICS countries: Evidence from CS ARDL estimation

• DOI: 10.1016/j.gsf.2023.101689
• Publication Date: 2023-08-11T20:29:32Z
• Authors: Muhammad Sadiq; Ka Yin Chau; Nguyen Tran Thai Ha; Thi Thu Hien Phan; Thanh Quang Ngo; Pham Quang Huy
• Keywords: Distributed lag; Industrialisation; Consumption

A sharp increase in economic and human development has multiplied the carbon intensity due to which there is a significant need of effective strategies order curb emissions. Thus, present study aims examine green finance, eco-innovation, renewable energy output (REO), consumption (REC), taxes on dioxide (CO2) emissions BRICS countries time 2001–2020. Cross-sectional autoregressive distributed lag (CS ARDL) used test connection among variables. Empirical estimations CS-ARDL approach validates effectiveness REO, REC, taxes, industrialization as relationship these factors with negative nature economies. Based evidences, recommends formulation environmentally friendly practices advancement finances mitigate