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The Impact of GDP Per Capita, Trade Openness, Environmental Policy Stringency, Population, and Renewable Energy Consumption on Carbon Emissions in The BRICS, 1990-2020

In: Proceedings of the International conference of Economics Business and Economics Education Science (ICE-BEES-24)

Author

Listed:
  • Nafasafitri Arnandiani

    (Universitas Negeri Semarang, Department of Development Economics, Faculty of Economic and Business)

  • Karsinah

    (Universitas Negeri Semarang, Department of Development Economics, Faculty of Economic and Business)

Abstract

BRICS countries collectively account for about 38% of global carbon dioxide emissions and significantly contribute to global carbon emission levels. This study aims to analyze the impact of GDP per capita, Trade Openness, Environmental Policy Stringency, Population, and Renewable Energy Consumption on Carbon Emissions in BRICS countries from 1990-2020 in the long run. FMOLS analysis is used in this study to see the long-term impact between variables. The results show that GDP per capita and population positively and significantly impact carbon emissions in the long run. Renewable energy consumption negatively and significantly impacts carbon emissions in the long run. Trade openness and environmental policy stringency have a negative and insignificant impact on carbon emissions in the long run. The Government needs to review and strengthen existing regulations and ensure better implementation of green policies.

Suggested Citation

  • Nafasafitri Arnandiani & Karsinah, 2024. "The Impact of GDP Per Capita, Trade Openness, Environmental Policy Stringency, Population, and Renewable Energy Consumption on Carbon Emissions in The BRICS, 1990-2020," Advances in Economics, Business and Management Research, in: Kris Brantas Abiprayu & Avi Budi Setiawan (ed.), Proceedings of the International conference of Economics Business and Economics Education Science (ICE-BEES-24), pages 792-810, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-522-5_60
    DOI: 10.2991/978-94-6463-522-5_60
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