Emerging trends of carbon emissions and foreign direct investment: accounting for ecological footprints, renewable energy, globalization, and technological innovations in BRICS

<div><p>This paper investigates the intricate interplay between carbon emissions and foreign direct investment within the context of Brazil, Russia, India, China, and South Africa (BRICS) for the period spanning 2000 to 2022. In our comprehensive analysis, we incorporate ecological footp...

وصف كامل

محفوظ في:
التفاصيل البيبلوغرافية
المؤلف الرئيسي: Umar Nawaz Kayani (17131781) (author)
مؤلفون آخرون: Ismat Nasim (17726391) (author), Ahmet Faruk Aysan (11902115) (author), Farrukh Bashir (17726394) (author), Umer Iqbal (5178431) (author)
منشور في: 2023
الموضوعات:
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author Umar Nawaz Kayani (17131781)
author2 Ismat Nasim (17726391)
Ahmet Faruk Aysan (11902115)
Farrukh Bashir (17726394)
Umer Iqbal (5178431)
author2_role author
author
author
author
author_facet Umar Nawaz Kayani (17131781)
Ismat Nasim (17726391)
Ahmet Faruk Aysan (11902115)
Farrukh Bashir (17726394)
Umer Iqbal (5178431)
author_role author
dc.creator.none.fl_str_mv Umar Nawaz Kayani (17131781)
Ismat Nasim (17726391)
Ahmet Faruk Aysan (11902115)
Farrukh Bashir (17726394)
Umer Iqbal (5178431)
dc.date.none.fl_str_mv 2023-12-22T03:00:00Z
dc.identifier.none.fl_str_mv 10.1007/s11356-023-31495-4
dc.relation.none.fl_str_mv https://figshare.com/articles/journal_contribution/Emerging_trends_of_carbon_emissions_and_foreign_direct_investment_accounting_for_ecological_footprints_renewable_energy_globalization_and_technological_innovations_in_BRICS/24935130
dc.rights.none.fl_str_mv CC BY 4.0
info:eu-repo/semantics/openAccess
dc.subject.none.fl_str_mv Biomedical and clinical sciences
Pharmacology and pharmaceutical sciences
Environmental sciences
Pollution and contamination
Carbon emissions
Foreign direct investment
Ecological footprint
Renewable energy
Globalization
Technological innovations
dc.title.none.fl_str_mv Emerging trends of carbon emissions and foreign direct investment: accounting for ecological footprints, renewable energy, globalization, and technological innovations in BRICS
dc.type.none.fl_str_mv Text
Journal contribution
info:eu-repo/semantics/publishedVersion
text
contribution to journal
description <div><p>This paper investigates the intricate interplay between carbon emissions and foreign direct investment within the context of Brazil, Russia, India, China, and South Africa (BRICS) for the period spanning 2000 to 2022. In our comprehensive analysis, we incorporate ecological footprint, renewable energy, globalization, and technological innovations as exogenous variables. Employing a system of simultaneous equations across the BRICS panel, we aim to fully elucidate the proposed relationships. Our empirical findings underscore the following key insights: foreign direct investment, technological innovations, and the adoption of renewable energy sources significantly contribute to the mitigation of carbon emissions in these selected nations. However, it is essential to note that ecological footprints exhibit a positive association with carbon emissions, raising concerns on two fronts: escalating environmental degradation and increased land pressure, both of which contribute to rising ecological footprints in BRICS countries. Additionally, our analysis reveals that foreign direct investment is influenced by its capacity to reduce carbon emissions and bolster renewable energy adoption, while globalization amplifies investment trends within the BRICS nations. To address the environmental repercussions of mining activities, it is imperative to implement stringent control and regulation measures, given their potential adverse impacts, including soil pollution, acid mine drainage, erosion, biodiversity loss, excessive water resource consumption, and wastewater disposal challenges. Nevertheless, proactive steps such as recycling mining waste, adopting environmentally friendly mining equipment, combatting illegal mining, and enhancing overall mining sustainability offer promising avenues to mitigate the environmental footprint of mining operations.</p><p> </p></div><h2>Other Information</h2> <p> Published in: Environmental Science and Pollution Research<br> License: <a href="https://creativecommons.org/licenses/by/4.0" target="_blank">https://creativecommons.org/licenses/by/4.0</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1007/s11356-023-31495-4" target="_blank">https://dx.doi.org/10.1007/s11356-023-31495-4</a></p>
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identifier_str_mv 10.1007/s11356-023-31495-4
network_acronym_str Manara2
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oai_identifier_str oai:figshare.com:article/24935130
publishDate 2023
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spelling Emerging trends of carbon emissions and foreign direct investment: accounting for ecological footprints, renewable energy, globalization, and technological innovations in BRICSUmar Nawaz Kayani (17131781)Ismat Nasim (17726391)Ahmet Faruk Aysan (11902115)Farrukh Bashir (17726394)Umer Iqbal (5178431)Biomedical and clinical sciencesPharmacology and pharmaceutical sciencesEnvironmental sciencesPollution and contaminationCarbon emissionsForeign direct investmentEcological footprintRenewable energyGlobalizationTechnological innovations<div><p>This paper investigates the intricate interplay between carbon emissions and foreign direct investment within the context of Brazil, Russia, India, China, and South Africa (BRICS) for the period spanning 2000 to 2022. In our comprehensive analysis, we incorporate ecological footprint, renewable energy, globalization, and technological innovations as exogenous variables. Employing a system of simultaneous equations across the BRICS panel, we aim to fully elucidate the proposed relationships. Our empirical findings underscore the following key insights: foreign direct investment, technological innovations, and the adoption of renewable energy sources significantly contribute to the mitigation of carbon emissions in these selected nations. However, it is essential to note that ecological footprints exhibit a positive association with carbon emissions, raising concerns on two fronts: escalating environmental degradation and increased land pressure, both of which contribute to rising ecological footprints in BRICS countries. Additionally, our analysis reveals that foreign direct investment is influenced by its capacity to reduce carbon emissions and bolster renewable energy adoption, while globalization amplifies investment trends within the BRICS nations. To address the environmental repercussions of mining activities, it is imperative to implement stringent control and regulation measures, given their potential adverse impacts, including soil pollution, acid mine drainage, erosion, biodiversity loss, excessive water resource consumption, and wastewater disposal challenges. Nevertheless, proactive steps such as recycling mining waste, adopting environmentally friendly mining equipment, combatting illegal mining, and enhancing overall mining sustainability offer promising avenues to mitigate the environmental footprint of mining operations.</p><p> </p></div><h2>Other Information</h2> <p> Published in: Environmental Science and Pollution Research<br> License: <a href="https://creativecommons.org/licenses/by/4.0" target="_blank">https://creativecommons.org/licenses/by/4.0</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1007/s11356-023-31495-4" target="_blank">https://dx.doi.org/10.1007/s11356-023-31495-4</a></p>2023-12-22T03:00:00ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.1007/s11356-023-31495-4https://figshare.com/articles/journal_contribution/Emerging_trends_of_carbon_emissions_and_foreign_direct_investment_accounting_for_ecological_footprints_renewable_energy_globalization_and_technological_innovations_in_BRICS/24935130CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/249351302023-12-22T03:00:00Z
spellingShingle Emerging trends of carbon emissions and foreign direct investment: accounting for ecological footprints, renewable energy, globalization, and technological innovations in BRICS
Umar Nawaz Kayani (17131781)
Biomedical and clinical sciences
Pharmacology and pharmaceutical sciences
Environmental sciences
Pollution and contamination
Carbon emissions
Foreign direct investment
Ecological footprint
Renewable energy
Globalization
Technological innovations
status_str publishedVersion
title Emerging trends of carbon emissions and foreign direct investment: accounting for ecological footprints, renewable energy, globalization, and technological innovations in BRICS
title_full Emerging trends of carbon emissions and foreign direct investment: accounting for ecological footprints, renewable energy, globalization, and technological innovations in BRICS
title_fullStr Emerging trends of carbon emissions and foreign direct investment: accounting for ecological footprints, renewable energy, globalization, and technological innovations in BRICS
title_full_unstemmed Emerging trends of carbon emissions and foreign direct investment: accounting for ecological footprints, renewable energy, globalization, and technological innovations in BRICS
title_short Emerging trends of carbon emissions and foreign direct investment: accounting for ecological footprints, renewable energy, globalization, and technological innovations in BRICS
title_sort Emerging trends of carbon emissions and foreign direct investment: accounting for ecological footprints, renewable energy, globalization, and technological innovations in BRICS
topic Biomedical and clinical sciences
Pharmacology and pharmaceutical sciences
Environmental sciences
Pollution and contamination
Carbon emissions
Foreign direct investment
Ecological footprint
Renewable energy
Globalization
Technological innovations