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The potency of natural resources and trade globalisation in the ecological sustainability target for the BRICS economies

The BRICS nations have yet to significantly contribute to achieving Sustainable Development Goals (SDG) 7 and 13. Dealing with this problem might necessitate a policy shift, which is the main topic of this research. Therefore, the current study scrutinizes the interrelationship between natural resou...

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Autores principales: Adebayo, Tomiwa Sunday, Samour, Ahmed, Alola, Andrew Adewale, Abbas, Shujaat, Ağa, Mehmet
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier 2023
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10172752/
https://www.ncbi.nlm.nih.gov/pubmed/37180906
http://dx.doi.org/10.1016/j.heliyon.2023.e15734
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author Adebayo, Tomiwa Sunday
Samour, Ahmed
Alola, Andrew Adewale
Abbas, Shujaat
Ağa, Mehmet
author_facet Adebayo, Tomiwa Sunday
Samour, Ahmed
Alola, Andrew Adewale
Abbas, Shujaat
Ağa, Mehmet
author_sort Adebayo, Tomiwa Sunday
collection PubMed
description The BRICS nations have yet to significantly contribute to achieving Sustainable Development Goals (SDG) 7 and 13. Dealing with this problem might necessitate a policy shift, which is the main topic of this research. Therefore, the current study scrutinizes the interrelationship between natural resources, energy, trade globalisation and ecological footprint using panel data from the period between 1990 and 2018 for the BRICS nations. To assess the interrelationship between ecological footprint and its determinants, we used the Cross sectional autoregressive distributed lag (CS-ARDL) and common correlated effects. mean group (CCEMG) estimators. The findings show that economic progress, and natural resources lessen ecological quality, while renewable energy and trade globalization improves ecological quality in the BRICS nations. Based on these results, the BRICS nations need to upgrade their use of renewable energy sources and improve the structure of their natural resource endowments. Furthermore, trade globalisation necessitates immediate policy responses in these nations since it reduces ecological damage.
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spelling pubmed-101727522023-05-12 The potency of natural resources and trade globalisation in the ecological sustainability target for the BRICS economies Adebayo, Tomiwa Sunday Samour, Ahmed Alola, Andrew Adewale Abbas, Shujaat Ağa, Mehmet Heliyon Research Article The BRICS nations have yet to significantly contribute to achieving Sustainable Development Goals (SDG) 7 and 13. Dealing with this problem might necessitate a policy shift, which is the main topic of this research. Therefore, the current study scrutinizes the interrelationship between natural resources, energy, trade globalisation and ecological footprint using panel data from the period between 1990 and 2018 for the BRICS nations. To assess the interrelationship between ecological footprint and its determinants, we used the Cross sectional autoregressive distributed lag (CS-ARDL) and common correlated effects. mean group (CCEMG) estimators. The findings show that economic progress, and natural resources lessen ecological quality, while renewable energy and trade globalization improves ecological quality in the BRICS nations. Based on these results, the BRICS nations need to upgrade their use of renewable energy sources and improve the structure of their natural resource endowments. Furthermore, trade globalisation necessitates immediate policy responses in these nations since it reduces ecological damage. Elsevier 2023-04-25 /pmc/articles/PMC10172752/ /pubmed/37180906 http://dx.doi.org/10.1016/j.heliyon.2023.e15734 Text en © 2023 The Authors https://creativecommons.org/licenses/by/4.0/This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).
spellingShingle Research Article
Adebayo, Tomiwa Sunday
Samour, Ahmed
Alola, Andrew Adewale
Abbas, Shujaat
Ağa, Mehmet
The potency of natural resources and trade globalisation in the ecological sustainability target for the BRICS economies
title The potency of natural resources and trade globalisation in the ecological sustainability target for the BRICS economies
title_full The potency of natural resources and trade globalisation in the ecological sustainability target for the BRICS economies
title_fullStr The potency of natural resources and trade globalisation in the ecological sustainability target for the BRICS economies
title_full_unstemmed The potency of natural resources and trade globalisation in the ecological sustainability target for the BRICS economies
title_short The potency of natural resources and trade globalisation in the ecological sustainability target for the BRICS economies
title_sort potency of natural resources and trade globalisation in the ecological sustainability target for the brics economies
topic Research Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10172752/
https://www.ncbi.nlm.nih.gov/pubmed/37180906
http://dx.doi.org/10.1016/j.heliyon.2023.e15734
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