The impact of carbon emission and energy factors on climate change in BRICS countries
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Vanitha S [1] ; N. Thangaiyarkarasi [1]
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[1] Bharathidasan University
Bharathidasan University
India
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- Localización: Climate change and finance: navigating the challenges and opportunities in capital markets / Nader Naifar (ed. lit.), 2024, ISBN 978-3-031-56418-5, págs. 241-254
- Idioma: inglés
- Texto completo no disponible (Saber más ...)
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Resumen
The main causes of climate change and global warming are human activities and are primarily due to burning or combustion. Due to the development and improvement of the Industrial Revolution, the burning of fossil fuels has increased carbon emissions. It is one of the main challenges of climate change and global warming in the economic world. The main objective of this study is to examine climate change and its impact on carbon emission and energy factors in BRICS countries for the period of 20 years from 2003 to 2022. The study tests the relationship between carbon emission, GDP, and energy factors with the tools used for applied econometric analysis of Granger causality between all variables. Variables of Energy Use, Electric Power Consumption, Access to Electricity, and Renewable Energy Consumption are considered energy factors. The empirical results show that increasing GDP reduces carbon emissions to a low-carbon economy in the long run. The traditional relationship between per capita CO2 emissions and per capita GDP. Both indicators appear to have increased from 1990 to 2008, after which CO2 emissions began to decline in line with the global economic crisis, while GDP per capita continued to rise (Jambor and Balogh, Determinants of CO2 emission: A global evidence, 2018). As a policy implication, developed countries agree to provide finance to developing countries should increase the technology and infrastructure for adaptation and a new renewable energy-based economy.
