Achieving goals of the 2030 sustainable development agenda through renewable energy utilization: Comparing the environmental sustainability effects of economic growth and financial development
The UN approved 2030 SDGs. The study explores how renewable energy, natural resources, financial development, and economic growth in BRICS countries effect carbon emissions. This study investigates CO2 emissions from renewable energy use, financial development, and natural resource dependency instea...
Saved in:
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2025-06-01
|
| Series: | Sustainable Futures |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2666188825001042 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1850221727000297472 |
|---|---|
| author | Md Shabbir Alam Palanisamy Manigandan Khalid M. Kisswani Imran Ali Baig |
| author_facet | Md Shabbir Alam Palanisamy Manigandan Khalid M. Kisswani Imran Ali Baig |
| author_sort | Md Shabbir Alam |
| collection | DOAJ |
| description | The UN approved 2030 SDGs. The study explores how renewable energy, natural resources, financial development, and economic growth in BRICS countries effect carbon emissions. This study investigates CO2 emissions from renewable energy use, financial development, and natural resource dependency instead of usual methods. The quarterly frequency data used in this study's econometric analysis spans the years 1985-Q1 through 2021-Q4. The median-based quantile-based regression approach compares emission quantile effects instead of mean-based methods. Natural resources and renewable energy minimise carbon emissions, whereas financial development and economic growth increase them. Higher emission quantiles have stronger effects. Renewable energy consumption, natural resources, and financial development reduce emissions, especially at low concentrations. These data suggest various BRICS carbon emission-reduction measures. |
| format | Article |
| id | doaj-art-de435a7a4fae4605a3f1275d6c5d32e7 |
| institution | OA Journals |
| issn | 2666-1888 |
| language | English |
| publishDate | 2025-06-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Sustainable Futures |
| spelling | doaj-art-de435a7a4fae4605a3f1275d6c5d32e72025-08-20T02:06:37ZengElsevierSustainable Futures2666-18882025-06-01910053410.1016/j.sftr.2025.100534Achieving goals of the 2030 sustainable development agenda through renewable energy utilization: Comparing the environmental sustainability effects of economic growth and financial developmentMd Shabbir Alam0Palanisamy Manigandan1Khalid M. Kisswani2Imran Ali Baig3Department of Economics and Finance, College of Business Administration, University of Bahrain, Sakhir, P.O. Box, 32038, Bahrain; Corresponding author.Department of Statistics, Periyar University, Salem, Tamil Nadu P.O. Box 636011, IndiaGulf University for Science & Technology, West Mishref, KuwaitDepartment of Economics, Jamia Millia Islamia University, Delhi, IndiaThe UN approved 2030 SDGs. The study explores how renewable energy, natural resources, financial development, and economic growth in BRICS countries effect carbon emissions. This study investigates CO2 emissions from renewable energy use, financial development, and natural resource dependency instead of usual methods. The quarterly frequency data used in this study's econometric analysis spans the years 1985-Q1 through 2021-Q4. The median-based quantile-based regression approach compares emission quantile effects instead of mean-based methods. Natural resources and renewable energy minimise carbon emissions, whereas financial development and economic growth increase them. Higher emission quantiles have stronger effects. Renewable energy consumption, natural resources, and financial development reduce emissions, especially at low concentrations. These data suggest various BRICS carbon emission-reduction measures.http://www.sciencedirect.com/science/article/pii/S2666188825001042Renewable energy utilizationNatural resourcesEconomic developmentFinancial developmentCO2 emissionPQR model |
| spellingShingle | Md Shabbir Alam Palanisamy Manigandan Khalid M. Kisswani Imran Ali Baig Achieving goals of the 2030 sustainable development agenda through renewable energy utilization: Comparing the environmental sustainability effects of economic growth and financial development Sustainable Futures Renewable energy utilization Natural resources Economic development Financial development CO2 emission PQR model |
| title | Achieving goals of the 2030 sustainable development agenda through renewable energy utilization: Comparing the environmental sustainability effects of economic growth and financial development |
| title_full | Achieving goals of the 2030 sustainable development agenda through renewable energy utilization: Comparing the environmental sustainability effects of economic growth and financial development |
| title_fullStr | Achieving goals of the 2030 sustainable development agenda through renewable energy utilization: Comparing the environmental sustainability effects of economic growth and financial development |
| title_full_unstemmed | Achieving goals of the 2030 sustainable development agenda through renewable energy utilization: Comparing the environmental sustainability effects of economic growth and financial development |
| title_short | Achieving goals of the 2030 sustainable development agenda through renewable energy utilization: Comparing the environmental sustainability effects of economic growth and financial development |
| title_sort | achieving goals of the 2030 sustainable development agenda through renewable energy utilization comparing the environmental sustainability effects of economic growth and financial development |
| topic | Renewable energy utilization Natural resources Economic development Financial development CO2 emission PQR model |
| url | http://www.sciencedirect.com/science/article/pii/S2666188825001042 |
| work_keys_str_mv | AT mdshabbiralam achievinggoalsofthe2030sustainabledevelopmentagendathroughrenewableenergyutilizationcomparingtheenvironmentalsustainabilityeffectsofeconomicgrowthandfinancialdevelopment AT palanisamymanigandan achievinggoalsofthe2030sustainabledevelopmentagendathroughrenewableenergyutilizationcomparingtheenvironmentalsustainabilityeffectsofeconomicgrowthandfinancialdevelopment AT khalidmkisswani achievinggoalsofthe2030sustainabledevelopmentagendathroughrenewableenergyutilizationcomparingtheenvironmentalsustainabilityeffectsofeconomicgrowthandfinancialdevelopment AT imranalibaig achievinggoalsofthe2030sustainabledevelopmentagendathroughrenewableenergyutilizationcomparingtheenvironmentalsustainabilityeffectsofeconomicgrowthandfinancialdevelopment |