The dynamic influence of energy consumption, fiscal policy and green innovation on environmental degradation in BRICST economies

被引：57
作者：
Ma, Beiling [1 ,2 ]
Sharif, Arshian [3 ,4 ,5 ]
Bashir, Madiha [6 ]
Bashir, Muhammad Farhan [7 ]
机构：
[1] Hunan Univ Technol & Business, Sch Publ Adm & Human Geog, Hunan Key Lab Carbon Neutral & Intelligent Energy, Changsha 410205, Hunan, Peoples R China
[2] Changsha Social Lab Artificial Intelligence, Changsha 410205, Hunan, Peoples R China
[3] Sunway Univ, Sunway Business Sch, Dept Econ & Finance, Subang Jaya, Malaysia
[4] Lebanese Amer Univ, Adnan Kassar Sch Business, Beirut, Lebanon
[5] Univ Econ & Human Sci Warsaw, Warsaw, Poland
[6] Govt Punjab, Sch Educ Dept, Bahawalpur, Pakistan
[7] Shenzhen Univ, Coll Management, Shenzhen 518060, Guangdong, Peoples R China
来源：
ENERGY POLICY | 2023年 / 183卷
关键词：
Energy transition; Fiscal policy; Renewable energy; Government expenditures; Taxation revenues; BRICST economies; EMISSIONS; TRANSITION; GROWTH; CO2;
D O I：
10.1016/j.enpol.2023.113823
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The global consensus on overcoming climate change and environmental sustainability has increased the urgency towards formulating stringent environmental and fiscal policy instruments in achieve environmental sustainability. The current study extends policy deliberations by studying how energy transition and fiscal policy measures impact the ecological footprint of BRICST economies from 1995 to 2021. Our findings from Driscoll-Kraay standard errors, FMOLS, DOLS, and method of moments quantile regression identify that energy transition, renewable energy, taxation revenues and green innovation improve environmental sustainability, while non-renewable energy consumption and governmental expenditures exacerbate environmental challenges. Our econometric analysis allows us to propose that policymakers must use fiscal policy measures to introduce structural changes and foster the adoption of environmental technologies in the industrial sector. Furthermore, developing economies must broaden tax base to increase environmental spending on upgrading renewable en-ergy infrastructure and lower ecological burden.
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页数：9
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