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Achieving sustainable environment through infrastructure and energy structure developments: empirical evidence from
Muzammil Khurshid1, R M Ammar Zahid2, Muzzammil Hussain3
1Department of Banking and Finance, University of the Punjab, Gujranwala Campus, Gujranwala, Pakistan.
Environmental Science and Pollution Research International
|September 1, 2023
Summary
Investing in infrastructure and energy structures helps BRICS nations reduce carbon emissions. This supports achieving sustainable development goals by improving the environment.
Area of Science:
- Environmental Science
- Economics
- Energy Policy
Background:
- Sustainable development necessitates aligned infrastructure and energy systems.
- Effective energy structures are crucial precursors to sustainable infrastructure.
- The interplay between energy, infrastructure, and emissions is key for environmental goals.
Purpose of the Study:
- To investigate the nexus of energy structure, infrastructure, and carbon emissions in BRICS countries.
- To empirically assess the relationship between infrastructure, energy consumption, and carbon emissions.
- To examine the growth and environment hypothesis within the BRICS context.
Main Methods:
- Panel data analysis techniques were employed.
- Econometric methods included cross-sectional dependence tests, CIPS unit root tests, and cointegration analysis.
- Augmented Mean Group (AMG) and Common Correlated Effects Mean Group (CCEMG) estimators were used to address panel data issues.
Main Results:
- Infrastructure and energy structures play a supportive role in mitigating carbon emissions.
- Increased investment in infrastructure and energy is recommended for BRICS economies.
- Findings are robust in both short-term and long-term policy contexts.
Conclusions:
- Enhanced infrastructure and energy systems are vital for fostering sustainable environments in BRICS nations.
- The study contributes to understanding pathways toward achieving Sustainable Development Goals (SDGs).
- Policy recommendations focus on strategic investments to reduce carbon footprints.
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