Renewable energy adoption in BCIM-EC countries
Economic and institutional drivers
Bibliographic Data
| ID | 24234155 |
|---|---|
| Authors | Yue Wang (0000-0001-8527-9175), Mohammad Amzad Hossain (0009-0003-6134-1183), Abu Hashan Md Mashud (0000-0002-9919-9181), Arifur Rahman (0000-0001-6066-6558), Xiaowen Wang (0000-0003-4058-3987) |
| Year | 2026 |
| Volume | 12 |
| Pages | 102207 |
| Publication date | 2026-12-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Sustainable Futures (JOURNAL) |
| Journal identifiers | ISSN: 2666-1888 |
| Publisher | Elsevier BV (PUBLISHER) |
| DOI | 10.1016/j.sftr.2026.102207 |
| OpenAlex | W7221306285 |
| Language | EN |
| References cited | 70 |
Global climate commitments under the Paris Agreement and COP28 have intensified the urgency of accelerating renewable energy transitions. However, progress remains uneven in regions where institutional weakness and fossil-fuel dependence constrain clean energy adoption. This study examines economic and institutional drivers of renewable energy in Bangladesh, China, India, and Myanmar from 1990 to 2020. Using panel ARDL framework, the results reveal that political corruption, and primary energy consumption adversely affect renewable energy adoption in the long run. In contrast, human development positively influences renewable energy consumption. However, the method of moments quantile regression further supports panel ARDL findings except for FDI. At lower quantiles, real GDP positively affects renewable energy adoption, but its effect becomes negative at median and higher quantiles. Political corruption remains negatively significant across quantiles, indicating that it limits renewable energy uptake. Finally, Wald test confirms asymmetric effects of corruption and primary energy consumption. The findings suggest that economic growth and foreign investment alone do not guarantee renewable energy expansion unless they are supported by corruption control, clean energy oriented investment, and human development. Overall the results emphasize the integrated policy reforms to align the BCIM-EC’s energy pathway with global net-zero emission targets and sustainable development goals, particularly SDG 7 and SDG 13.
economic factors · Energy policy · Energy transition · institutional drivers · Institutional economics · renewable energy adoption · Energy and Environmental Sustainability · Renewable Energy and Sustainability · Renewable energy and sustainable power systems
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The Incidental Parameters Problem in Testing for Remaining Cross-Section Correlation
Can technological innovation, foreign direct investment and natural resources ease some burden for the BRICS economies within current industrial era
Clean or dirty energy
Quantile Regression
| Highly cited | No |
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