Original scientific paper
https://doi.org/10.1080/1331677X.2022.2032785
Does sustainable financial inclusion and energy efficiency ensure green environment? Evidence from B.R.I.C.S. countries
Dandan Dou
Liying Li
Abstract
Continuous rise in a global economy with a 3–4% annual growth
rate poses a severe risk to environmental sustainability due to
high energy demand. Since the Paris climate accord, countries
worldwide have implemented numerous strategies to attain the
target of carbon neutrality. With the rising environmental challenges, it is important to consider global financial inclusion (F.I.)
policies. This study uses panel data for the B.R.I.C.S. countries to
investigate the impact of F.I. and energy efficiency in limiting
trade adjusted emissions (T.A.E.) taking technological innovation
and trade as control variables. This study uses panel data consisting small sample size and large time period; therefore, keeping in
mind the potential econometric problems, this study uses AMG
method, which can efficiently deal with endogeneity problems
and small sample bias. We find a positive impact of F.I. and energy
efficiency on CO2 emissions. Moreover, we find that technological
innovation, exports and output amplify CO2 emissions.
Keywords
sustainable financial inclusion (F.I.); energy efficiency; low emissions; B.R.I.C.S
Hrčak ID:
302862
URI
Publication date:
31.3.2023.
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