مقاله انگلیسی تأثیر پویای زیست توده و منابع طبیعی بر ردپای اکولوژیکی در اقتصادهای BRICS
Abstract
Keywords
List of abbreviations
Introduction
Literature review
Data and methods
Findings and discussion
Conclusion and policy recommendation
Declaration of Competing Interest
Acknowledgements
References
Abstract
Many emerging economies, including the BRICS economies, are having difficulty meeting the Sustainable Development Goals’ (SDGs) objectives. Consequently, this research discusses the creation of an SDG framework for the BRICS economies, which can be utilized as a model for other blocs. To achieve this purpose, this research probes into the effect of biomass energy usage on ecological footprint in the BRICS economies between 1992 and 2018, considering the roles of gross capital formation, natural resources, and globalization. The novel Methods of Moments-Quantile-Regression (MMQR) approach with fixed effects is used, the outcomes of which reveal that in all quantiles (10th to 90th), globalization and biomass energy use mitigate environmental degradation, whereas economic growth, natural resources, and gross capital formation contribute to environmental degradation. The present research applied a series of techniques such as panel FMOLS, and DOLS, FE-OLS, the outcomes of which disclosed that globalization and biomass energy utilization help mitigate environmental degradation, while economic growth, natural resources, and gross capital formation improve environmental degradation. On the basis of the study’s findings, we suggest a shift in energy policies away from fossil fuels toward renewable energy alternatives by taking measures regarding the innovation of biomass to improve conversion efficiency.
. Introduction
Multiple economies are currently focused on achieving the objectives of sustainable growth and development, which covers these three aspects of human life: economic, social, and environmental. However, environmental preservation is becoming increasingly important (Kirikkaleli and Adebayo, 2021). Rapid global economic expansion has boosted energy use and exacerbated environmental deterioration in the last few decades (Awosusi et al., 2021a; Yuping et al., 2021; Adebayo et al., 2021a). Climate change is considered a key constraint to the global population, affecting every living creature from the oceans to theatmosphere to the land, as well as tropical and arctic regions. Thus, immediate efforts and measures are required to combat climate change, mitigate the effects of global warming, and minimize air pollution (Ayobamiji and Kalmaz, 2020; Awosusi et al., 2021b; Adebayo et al., 2021b; Rjoub et al., 2021). One of the recommended remedies is to minimize the usage of fossil fuels, which are considered the main factors causing climate change. For instance, around 80% of total primary energy consumed in the world is accountable 75% of greenhouse gas emissions (GHGs); however, this problem can be alleviated by replacing them with cleaner energy sources (renewable energy) like biomass, solar, geothermal, and wind energy. Several scholars (e.g., Adebayo et al., 2021c; Akinsola et al., 2021; Güngör et al., 2021) have recommended that renewable energy can contribute to mitigating the threat of environmental deterioration by reducing the release of GHGs. Nevertheless, the utilization of renewable energy is now expanding at a record rate, because of the increase in energyefficiency, advancements in scientific research and technological innovations, as well as supportive legislation (Gyamfi et al., 2021; Oladipupo et al., 2021; Rjoub and Adebayo, 2021).