Drivers of CO₂ Emissions: The Impact of Energy Consumption, Green Finance, Institutional Quality, and Research and Development in BRICS Countries
CO₂排出の要因：BRICS諸国におけるエネルギー消費、グリーンファイナンス、制度の質、研究開発の影響 (AI 翻訳)
Faryal Fida, Umme Habiba
🤖 gxceed AI 要約
日本語
本研究は、BRICS諸国を含む主要10カ国の2000～2024年のパネルデータを用い、CO₂排出の要因を統合的に分析。固定効果モデルにより、再生可能エネルギー消費と研究開発支出が排出削減に寄与する一方、化石燃料消費とGDP成長が増加要因であることを確認。グリーンファイナンスと制度の質も有意な抑制効果を持つ。政策提言として、再生可能エネルギー促進、化石燃料補助金改革、グリーンR&D投資、環境ガバナンス強化等を提示。
English
This study uses panel data from 2000-2024 for ten major economies including BRICS to comprehensively analyze drivers of CO₂ emissions. Fixed effects models confirm that renewable energy consumption and R&D expenditure significantly reduce emissions, while fossil fuel use and GDP growth increase them. Green finance and institutional quality also have significant mitigating effects. Policy recommendations include accelerating renewable energy, reforming fossil fuel subsidies, boosting green R&D, and strengthening environmental governance.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
新興国を中心とした実証分析だが、日本のグリーン投資・制度整備にも示唆。特にグリーンファイナンスの有効性を定量的に示しており、日本のGX投資促進策やESG評価の重要性を裏付ける。
In the global GX context
While focused on emerging economies, this paper provides cross-country evidence on the effectiveness of green finance and institutional quality in decarbonization—relevant for global frameworks like ISSB and transition finance. It reinforces the need for integrated policy mixes combining renewable energy, R&D, and governance reforms.
👥 読者別の含意
🔬研究者:Offers a unified empirical framework integrating multiple emission drivers, advancing EKC literature with green finance and institutional variables.
🏢実務担当者:Demonstrates that green finance and R&D are effective decarbonization levers, useful for corporate sustainability strategy and investment decisions.
🏛政策担当者:Provides evidence-based support for fossil fuel subsidy reform, renewable energy deployment, and strengthening environmental governance.
📄 Abstract（原文）
The relentless rise in global carbon dioxide (CO₂) emissions presents a formidable challenge to climate stability and sustainable development. This study provides a comprehensive, integrated assessment of the key drivers of CO₂ emissions, moving beyond isolated analyses to examine the simultaneous impact of energy consumption patterns, financial mechanisms, institutional frameworks, and innovation capacity. Utilizing a balanced panel dataset spanning the years 2000 to 2024 for ten major and emerging economies (Argentina, Brazil, China, India, Indonesia, Mexico, Russia, Saudi Arabia, South Africa, and Turkiye), the research employs fixed effects regression models to test a series of hypotheses derived from the Environmental Kuznets Curve (EKC) and related theoretical literature. The empirical findings robustly confirm that renewable energy consumption and research & development (R&D) expenditure significantly reduce CO₂ emissions. Conversely, fossil fuel energy consumption and GDP growth exhibit strong positive effects, underscoring their roles as primary emission drivers. The study also identifies green finance (proxied by financial development) and institutional quality as significant negative determinants, highlighting the critical enabling roles of sustainable financial systems and effective governance in the decarbonization process. Among the control variables, population growth shows a positive association with emissions, while the effects of GDP per capita growth and foreign direct investment (FDI) are statistically ambiguous in the selected sample. The results offer significant theoretical contributions by integrating multiple drivers into a unified framework and advancing the EKC discourse. Practically, the study provides evidence-based policy implications, emphasizing the need for accelerated renewable energy deployment, fossil fuel subsidy reforms, enhanced green R&D investment, strengthened environmental governance, and the scaling up of green finance instruments to achieve sustainable, low-carbon economic growth.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.65072/jebim.v2i1.2first seen 2026-05-15 20:17:42
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