气候变化领域集成服务门户(CCPortal): Achieving carbon neutrality in post COP26 in BRICS, MINT, and G7 economies: The role of financial development and governance indicators

CCPortal

DOI	10.1016/j.jclepro.2023.135853
	Achieving carbon neutrality in post COP26 in BRICS, MINT, and G7 economies: The role of financial development and governance indicators
	Ofori, Elvis Kwame; Onifade, Stephen Taiwo; Ali, Ernest Baba; Alola, Andrew Adewale; Zhang, Jin
发表日期	2023
ISSN	0959-6526
EISSN	1879-1786
卷号	387
英文摘要	Pledges and commitments from governments of wealthy nations were made at the COP26 Glasgow summit, thereby rejuvenating hope among nations to confront the climate change challenge. Thus, the study examines the complementarity of financial development and carbon emissions, while accounting for the conditional influence of good governance under three disaggregated indicators - economic, institutional, and political governance for the BRICS, MINT, and the G7 economies. First, the study reveals that financial development depending on the adopted indicator has mixed effects on environmental pollution levels. Specifically, financial development triggers the highest pollution effect via domestic credit to the private sector compared to foreign direct investments, while financial development index reduces environmental pollution. Secondly, economic governance promotes environmental quality by reducing environmental pollution through quality regulation. Third, institutional governance through weaker rule of laws induces pollution, while the control of corruption antagonizes pollution levels. Furthermore, only the voice of accountability supports the pollution-mitigating effect of political governance. On a bloc-to-bloc comparative analysis, governance effectiveness promotes environmental pollution in all the three economic blocs albeit at different magnitudes while the voice of accountability exerts a significant desirable impact on pollution only in the G7 countries. Lastly, renewable energy and trade liberalization exerts a negative and positive influence on environmental degradation respectively.
英文关键词	Environmental sustainability; Carbon neutrality; Financial development; Governance; MINT-BRICS-G7
语种	英语
WOS研究方向	Green & Sustainable Science & Technology ; Engineering, Environmental ; Environmental Sciences
WOS类目	Science Citation Index Expanded (SCI-EXPANDED)
WOS记录号	WOS:000917268000001
来源期刊	JOURNAL OF CLEANER PRODUCTION
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/281501
作者单位	Zhengzhou University; KTO Karatay University; Ural Federal University; Inland Norway University of Applied Sciences; Zhengzhou University; Tsinghua University; Nisantasi University; South Ural State University
推荐引用方式 GB/T 7714	Ofori, Elvis Kwame,Onifade, Stephen Taiwo,Ali, Ernest Baba,et al. Achieving carbon neutrality in post COP26 in BRICS, MINT, and G7 economies: The role of financial development and governance indicators[J],2023,387.
APA	Ofori, Elvis Kwame,Onifade, Stephen Taiwo,Ali, Ernest Baba,Alola, Andrew Adewale,&Zhang, Jin.(2023).Achieving carbon neutrality in post COP26 in BRICS, MINT, and G7 economies: The role of financial development and governance indicators.JOURNAL OF CLEANER PRODUCTION,387.
MLA	Ofori, Elvis Kwame,et al."Achieving carbon neutrality in post COP26 in BRICS, MINT, and G7 economies: The role of financial development and governance indicators".JOURNAL OF CLEANER PRODUCTION 387(2023).