Socio-Economic Drivers of Renewable Energy
Empirical Evidence from BRICS
Bibliographic Data
| ID | 15466989 |
|---|---|
| Authors | Usman Mehmood (0000-0001-9034-5878, University of the Punjab, corresponding author), Ephraim Bonah Agyekum (0000-0002-6947-4349, Ural Federal University), Salman Tariq (0000-0002-9935-4516, University of the Punjab), Zia Ul Haq (0000-0002-2518-3451, University of the Punjab), Solomon Eghosa Uhunamure (0000-0002-8319-5143, Cape Peninsula University of Technology), Joshua N Edokpayi (0000-0002-2550-3988, University of Venda), Ayesha Azhar (0000-0001-7921-0016, University of the Punjab) |
| Year | 2022 |
| Volume | 19 |
| Issue | 8 |
| Pages | 4614-4614 |
| Publication date | 2022-04-11 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | International Journal of Environmental Research and Public Health (JOURNAL) |
| Journal identifiers | ISSN: 1661-7827 • E-ISSN: 1660-4601 |
| Publisher | Multidisciplinary Digital Publishing Institute (PUBLISHER • CH) |
| DOI | 10.3390/ijerph19084614 |
| PMID | 35457479 |
| OpenAlex | W4223610765 |
| Language | EN |
| Citations received | 8 |
| References cited | 40 |
There is a need to implement efficient strategies to mitigate the challenges of climate change and income inequalities in developing countries. Several studies have been conducted to address the relationship among different econometric and environmental indicators of renewable energy (RE) but overlooked the relationship between RE and income inequalities. This study investigates the influence of the distribution of income on the RE in Brazil, Russia, China, and South Africa (BRICS) between 1988 and 2017. The econometric (economic growth and trade), environmental, and institutional parameters are also integrated into the model. The outcomes reveal that reduced inequality in income distribution increases the consumption of RE. In contrast, CO 2 emissions have a positive correlation with RE. The governments should implement environmentally friendly policies and increase the consumption of renewable energy in the future with regards to reducing environmental pollution. Furthermore, findings from the study indicate a positive effect on the reduction of corruption in renewable energy. This shows that institutional quality can affect the uptake of renewable energy. The study further identified that growth in a country's economy decreases RE consumption, suggesting that these countries prefer fossil fuels to gain economic growth. The Granger causality results show that a bidirectional causality exists between income inequality and RE consumption. Bidirectional causality is observed between income distribution and CO 2 emissions. The results from this study are important for policymakers to achieve sustainable development because fair income distribution and environmental quality are considered as two key factors for sustainable development. Strong institutions and control on corruption can bring sound social and economic gains. Therefore, fair distribution of income and strong institutional policies can increase RE consumption to achieve a clean environment
Consumption (sociology · Distribution (mathematics · Econometric model · Econometrics · Economic growth · Economic inequality · Economics · Granger causality · Income distribution · Inequality · Kuznets Curve · Language change · Natural resource economics · Renewable energy · Sustainable development · Energy and Environment Impacts · Energy, Environment, and Transportation Policies · Energy, Environment, Economic Growth · Ecology
Modelling the dual impact of technological innovations and renewable energy investment on environmental quality and income inequality
Do world uncertainty and income inequality moderate the efficacy of environmental innovation in driving global renewable energy generation
Managing the SDG ‐Aligned Energy Transition in OECD Countries
Bridging inequality
Bridging Inequality and Energy Transition
Utilities policy for the energy transition
Relationship between Income and Mental Health during the Covid-19 Pandemic in China
Role of Research and Development Budgets and Socio-economic Conditions for Greener Energy Transition in Emerging Economies
The Age of Sustainable Development
Dynamic relationship between technological innovations, financial development, renewable energy, and ecological footprint
Determinants of the Wage Share
Renewable energy consumption, CO2 emissions and oil prices in the G7 countries
Carbon emissions and income inequality
Renewable energy consumption and economic growth
Testing for Granger non-causality in heterogeneous panels
Pooled Mean Group Estimation of Dynamic Heterogeneous Panels
Political instability, corruption and policy formation
Political power and renewable energy futures
Linking Economic Growth, Urbanization, and Environmental Degradation in China
Dominance of Fossil Fuels in Japan’s National Energy Mix and Implications for Environmental Sustainability
Political and economic inequality and the environment
Income, inequality, and pollution
Mechanisms explaining the impact of economic inequality on environmental deterioration
Inequality as a cause of environmental degradation
Renewable energy injustice
Inequality and the carbon intensity of human well-being
The Standardized World Income Inequality Database
Capital in the Twenty-First Century
| Unique citing works | 8 |
|---|---|
| Citations per year | 2 |
| Citation span | 2022 - 2026 (5) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 8 |