Skip to main content

Advertisement

SpringerLink
Log in

Do drivers of renewable energy consumption matter for BRICS economies? Nexus among technological innovation, environmental degradation, economic growth, and income inequality

  • Review Article
  • Published:
Environmental Science and Pollution Research Aims and scope Submit manuscript

Abstract

In light of increasing concerns about climate change and energy security, renewable energy has been seen as the most promising solution to fulfil future energy needs. This study examines the drivers of renewable energy consumption (REC) and the nexus between GDP growth, technological innovation, gross fixed capital formation, CO2 emissions, income inequality, and renewable energy consumption (REC) using annual data from BRICS countries. To this end, the study uses the augmented mean group (AMG) estimator, a second-generation estimator that takes slope homogeneity and cross-sectional dependence into consideration. For robustness, the pooled mean group (PMG) estimator has also been utilized. The findings of both estimators indicate that carbon emissions, technological innovation, and gross fixed capital formation exert adverse and significant impacts on REC. The findings also show that the use of renewable energy will rise as income inequality declines. We also employ the Dumitrescu and Hurlin (DH) granger causality test. The results of the analysis demonstrate a one-way causal association between income inequality and REC. This finding confirms that a reduction in income inequality will have a major impact on the adoption of renewable energy sources.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Log in via an institution

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Institutional subscriptions

Similar content being viewed by others

Data availability

The data is available on request from corresponding author.

References

  • Abbasi KR, Adedoyin FF, Abbas J, Hussain K (2021) The impact of energy depletion and renewable energy on CO2 emissions in Thailand: fresh evidence from the novel dynamic ARDL simulation. Renewable Energy 180:1439–1450

    Article  CAS  Google Scholar 

  • Adams S, Klobodu EKM, Apio A (2018) Renewable and non-renewable energy, regime type and economic growth. Renewable Energy 125:755–767

    Article  Google Scholar 

  • Ahmad US, Usman M, Hussain S, Jahanger A, Abrar M (2022) Determinants of renewable energy sources in Pakistan: An overview. Environ Sci Pollut Res, 1–19

  • Alam MM, Murad MW (2020) The impacts of economic growth, trade openness and technological progress on renewable energy use in organization for economic co-operation and development countries. Renewable Energy 145:382–390

    Article  Google Scholar 

  • Al-Mulali U, Solarin SA, Sheau-Ting L, Ozturk I (2016) Does moving towards renewable energy cause water and land inefficiency? An empirical investigation. Energy Policy 93:303–314

    Article  Google Scholar 

  • Amri F (2017) Intercourse across economic growth, trade and renewable energy consumption in developing and developed countries. Renew Sustain Energy Rev 69:527–534

    Article  Google Scholar 

  • Apergis N (2015) Does renewables production affect income inequality? Evidence from an international panel of countries. Appl Econ Lett 22(11):865–868

    Article  Google Scholar 

  • Apergis N, Payne JE (2014) Renewable energy, output, CO2 emissions, and fossil fuel prices in Central America: Evidence from a nonlinear panel smooth transition vector error correction model. Energy Economics 42:226–232

    Article  Google Scholar 

  • Anser MK, Usman M, Sharif M, Bashir S, Shabbir MS, Yahya Khan G, Lopez LB (2021) The dynamic impact of renewable energy sources on environmental economic growth: evidence from selected Asian economies. Environ Sci Pollut Res, 1–13

  • Aslan A, Ocal O, Ozsolak B, Ozturk I (2022) Renewable energy and economic growth relationship under the oil reserve ownership: Evidence from panel VAR approach. Renewable Energy 188:402–410

    Article  CAS  Google Scholar 

  • Arslan Z, Kausar S, Kannaiah D, Shabbir MS, Khan GY, Zamir A (2021) The mediating role of green creativity and the moderating role of green mindfulness in the relationship among clean environment, clean production, and sustainable growth. Environ Sci Pollut Res, 1–1

  • Asongu SA, Odhiambo NM (2021) Inequality, finance and renewable energy consumption in Sub-Saharan Africa. Renewable Energy 165:678–688

    Article  Google Scholar 

  • Bai D, Jain V, Tripathi M, Ali SA, Shabbir MS, Mohamed MA, Ramos-Meza CS (2022) Performance of biogas plant analysis and policy implications: evidence from the commercial sources. Energy Policy 169:113173

    Article  Google Scholar 

  • Bai C, Feng C, Yan H, Yi X, Chen Z, Wei W (2020) Will income inequality influence the abatement effect of renewable energy technological innovation on carbon dioxide emissions? J Environ Manage 264:110482

    Article  Google Scholar 

  • Balsalobre-Lorente D, Leitão NC (2020) The role of tourism, trade, renewable energy use and carbon dioxide emissions on economic growth: evidence of tourism-led growth hypothesis in EU-28. Environ Sci Pollut Res 27(36):45883–45896

    Article  CAS  Google Scholar 

  • Banday UJ, Aneja R (2019) Renewable and non-renewable energy consumption, economic growth and carbon emission in BRICS: Evidence from bootstrap panel causality. Intl J Energy Sector Manag

  • Belaïd F, Zrelli MH (2019) Renewable and non-renewable electricity consumption, environmental degradation and economic development: evidence from Mediterranean countries. Energy Policy 133:110929

    Article  Google Scholar 

  • Bhattacharya M, Paramati SR, Ozturk I, Bhattacharya S (2016) The effect of renewable energy consumption on economic growth: evidence from top 38 countries. Appl Energy 162:733–741

    Article  Google Scholar 

  • Bilgili F, Ozturk I (2015) Biomass energy and economic growth nexus in G7 countries: Evidence from dynamic panel data. Renew Sustain Energy Rev 49:132–138

    Article  Google Scholar 

  • Bilgili F, Lorente DB, Kuşkaya S, Ünlü F, Gençoğlu P, Rosha P (2021) The role of hydropower energy in the level of CO2 emissions: an application of continuous wavelet transforms. Renewable Energy 178:283–294

    Article  CAS  Google Scholar 

  • Bointner R (2014) Innovation in the energy sector: lessons learnt from R&D expenditures and patents in selected IEA countries. Energy Policy 73:733–747

    Article  Google Scholar 

  • Bond S, Eberhardt M (2013) Accounting for unobserved heterogeneity in panel time series models. University of Oxford, 1–11

  • Bowden N, Payne JE (2010) Sectoral analysis of the causal relationship between renewable and non-renewable energy consumption and real output in the US. Energy Sources Part B 5(4):400–408

    Article  CAS  Google Scholar 

  • Butt MA, Ayub H, Latif B, Asif F, Shabbir MS, Raja AA (2022) Financial risks and performance of conventional and Islamic banks: do reputational risk matters?. Journal of Islamic Accounting and Business Research

  • Castrejon-Campos O, Aye L, Hui FKP, Vaz-Serra P (2022) Economic and environmental impacts of public investment in clean energy RD&D. Energy Policy 168:113134

    Article  Google Scholar 

  • Cao X, Kannaiah D, Ye L, Khan J, Shabbir MS, Bilal K, Tabash MI (2022) Does sustainable environmental agenda matter in the era of globalization? The relationship among financial development, energy consumption, and sustainable environmental-economic growth. Environ Sci Pollut Res 1–11

  • Chen J, Su F, Jain V, Salman A, Tabash MI, Haddad AM, ... Shabbir MS (2022a) Does renewable energy matter to achieve sustainable development goals? The impact of renewable energy strategies on sustainable economic growth. Front. Energy Res, 10, 829252

  • Chen C, Pinar M, Stengos T (2021) Determinants of renewable energy consumption: Importance of democratic institutions. Renewable Energy 179:75–83

    Article  Google Scholar 

  • Chen Y, Mamon R, Spagnolo F, Spagnolo N (2022b) Renewable energy and economic growth: A Markov-switching approach. Energy 244:123089

    Article  Google Scholar 

  • Cheon A, Urpelainen J (2012) Oil prices and energy technology innovation: an empirical analysis. Glob Environ Chang 22(2):407–417

    Article  Google Scholar 

  • Dai Z, Sadiq M, Kannaiah D, Khan N, Shabbir MS, Bilal K, Tabash MI (2022) The dynamic impacts of Financial Investment on environmental-health and MDR-TB diseases and their influence on environmental sustainability at Chinese hospitals. Environmental Science and Pollution Research, 1–1

  • Destek MA, Aslan A (2020) Disaggregated renewable energy consumption and environmental pollution nexus in G-7 countries. Renewable Energy 151:1298–1306

    Article  Google Scholar 

  • Dogan E, Muhammad I (2019) Willingness to pay for renewable electricity: a contingent valuation study in Turkey. Electr J 32(10):106677

    Article  Google Scholar 

  • Dong K, Sun R, Dong X (2018) CO2 emissions, natural gas and renewables, economic growth: assessing the evidence from China. Sci Total Environ 640:293–302

    Article  Google Scholar 

  • Duan H, Liu Y, Wang G (2022) A novel dynamic time-delay grey model of energy prices and its application in crude oil price forecasting. Energy 251:123968

    Article  Google Scholar 

  • Dumitrescu EI, Hurlin C (2012) Testing for Granger non-causality in heterogeneous panels. Econ Model 29(4):1450–1460

    Article  Google Scholar 

  • Ehigiamusoe KU, Dogan E (2022) The role of interaction effect between renewable energy consumption and real income in carbon emissions: evidence from low-income countries. Renew Sustain Energy Rev 154:111883

    Article  Google Scholar 

  • EIA, International energy outlook 2019 with projections to 2050. US energy information administration. https://www.eia.gov/outlooks/ieo/pdf/ieo2019. pdf. (Accessed 10 July 2022)

  • Eren BM, Taspinar N, Gokmenoglu KK (2019) The impact of financial development and economic growth on renewable energy consumption: Empirical analysis of India. Sci Total Environ 663:189–197

    Article  CAS  Google Scholar 

  • Ge M, Kannaiah D, Li J, Khan N, Shabbir MS, Bilal K, Tabash MI (2022) Does foreign private investment affect the clean industrial environment? Nexus among foreign private investment, CO2 emissions, energy consumption, trade openness, and sustainable economic growth. Environ Sci Pollut Res, 1–8

  • Gugushvili A, Reeves A, Jarosz E (2020) How do perceived changes in inequality affect health? Health Place 62:102276

    Article  Google Scholar 

  • Gyamfi S, Derkyi NS, Asuamah EY, Aduako IJ (2018) Renewable energy and sustainable development. In Sustainable Hydropower in West Africa (pp. 75–94). Academic Press

  • Hayat K, Yaqub K, Aslam MA, Shabbir MS (2022a). Impact of societal and economic development on academic performance: a literature review. iRASD Journal of Economics, 4(1), 98–106

  • Hayat K, Hafeez M, Bilal K, Shabbir MS (2022b) Interactive effects of organizational structure and team work quality on project success in project based non profit organizations. iRASD J Manag, 4(1), 84–103

  • He ZX, Xu SC, Li QB, Zhao B (2018) Factors that influence renewable energy technological innovation in China: A dynamic panel approach. Sustainability 10(1):124

    Article  Google Scholar 

  • IEA, World energy outlook 2019, part of world energy outlook. (Accessed 12 July 2022)

  • IPCC Working Group III (2014) Climate change 2014-mitigation of climate change: synthesis report, Intergovernmental Panel on Climate Change Cambridge University Press, Cambridge, United Kingdom and New York, NY, USA

  • Irandoust M (2016) The renewable energy-growth nexus with carbon emissions and technological innovation: Evidence from the Nordic countries. Ecol Ind 69:118–125

    Article  Google Scholar 

  • Irandoust M (2018) Innovations and renewables in the Nordic countries: a panel causality approach. Technol Soc 54:87–92

    Article  Google Scholar 

  • Jamil K, Liu D, Gul RF, Hussain Z, Mohsin M, Qin G, Khan FU (2022) Do remittance and renewable energy affect CO2 emissions? An empirical evidence from selected G-20 countries. Energy & Environment 33(5):916–932

    Article  CAS  Google Scholar 

  • Jebli MB, Youssef SB (2017) The role of renewable energy and agriculture in reducing CO2 emissions: evidence for North Africa countries. Ecol Ind 74:295–301

    Article  Google Scholar 

  • Ji G, Cheng X, Kannaiah D, Shabbir MS (2022) Does the global migration matter? The impact of top ten cities migration on native nationals income and employment levels. International Migration

  • Jun W, Mughal N, Zhao J, Shabbir MS, Niedbała G, Jain V, Anwar A (2021) Does globalization matter for environmental degradation? Nexus among energy consumption, economic growth, and carbon dioxide emission. Energy Policy 153:112230

    Article  Google Scholar 

  • Kahia M, Aïssa MSB, Lanouar C (2017) Renewable and non-renewable energy use-economic growth nexus: The case of MENA Net Oil Importing Countries. Renew Sustain Energy Rev 71:127–140

    Article  Google Scholar 

  • Khan A, Chenggang Y, Hussain J, Kui Z (2021a) Impact of technological innovation, financial development and foreign direct investment on renewable energy, non-renewable energy and the environment in belt & Road Initiative countries. Renewable Energy 171:479–491

    Article  Google Scholar 

  • Khan MB, Saleem H, Shabbir MS, Huobao X (2021b) The effects of globalization, energy consumption and economic growth on carbon dioxide emissions in South Asian countries. Energy Environ, 0958305X20986896

  • Khan K, Su CW, Rehman AU, Ullah R (2022) Is technological innovation a driver of renewable energy? Technol Soc 70:102044

    Article  Google Scholar 

  • Khezri M, Heshmati A, Khodaei M (2022) Environmental implications of economic complexity and its role in determining how renewable energies affect CO2 emissions. Appl Energy 306:117948

    Article  CAS  Google Scholar 

  • Khobai H (2021) A Review of the Nexus between Energy consumption and Economic growth in the Brics countries. 670216917

  • Khuong NV, Shabbir MS, Sial MS, Khanh THT (2021) Does informal economy impede economic growth? Evidence from an emerging economy. J Sustain Finance Invest 11(2):103–122

    Article  Google Scholar 

  • Li Q, Cherian J, Shabbir MS, Sial MS, Li J, Mester I, Badulescu A (2021) Exploring the Relationship between Renewable Energy Sources and Economic Growth. The Case of SAARC Countries Energies 14(3):520

    Google Scholar 

  • Li S, Shao Q (2021) Exploring the determinants of renewable energy innovation considering the institutional factors: a negative binomial analysis. Technol Soc 67:101680

    Article  Google Scholar 

  • Lin B, Omoju OE (2017) Focusing on the right targets: Economic factors driving non-hydro renewable energy transition. Renewable Energy 113:52–63

    Article  Google Scholar 

  • Lin B, Zhu J (2019) Determinants of renewable energy technological innovation in China under CO2 emissions constraint. J Environ Manage 247:662–671

    Article  Google Scholar 

  • Liu Z, Lan J, Chien F, Sadiq M, Nawaz MA (2022a) Role of tourism development in environmental degradation: a step towards emission reduction. J Environ Manage 303:114078

    Article  CAS  Google Scholar 

  • Liu Y, Saleem S, Shabbir R, Shabbir MS, Irshad A, Khan S (2021) The relationship between corporate social responsibility and financial performance: a moderate role of fintech technology. Environ Sci Pollut Res, 1–14

  • Liu J, Jain V, Sharma P, Ali SA, Shabbir MS, Ramos-Meza CS (2022b) The role of Sustainable Development Goals to eradicate the multidimensional energy poverty and improve social Wellbeing’s. Energ Strat Rev 42:100885

    Article  Google Scholar 

  • Liu Y, Sharma P, Jain V, Shukla A, Shabbir MS, Tabash MI, Chawla C (2022c) The relationship among oil prices volatility, inflation rate, and sustainable economic growth: Evidence from top oil importer and exporter countries. Resour Policy 77:102674

    Article  Google Scholar 

  • Liu Y, Cao D, Cao X, Jain V, Chawla C, Shabbir MS, Ramos-Meza CS (2022d)The effects of MDR-TB treatment regimens through socioeconomic and spatial characteristics on environmental-health outcomes: evidence from Chinese Hospitals. Energy Environ 0958305X221079425

  • Mac Domhnaill C, Ryan L (2020) Towards renewable electricity in Europe: revisiting the determinants of renewable electricity in the European Union. Renewable Energy 154:955–965

    Article  Google Scholar 

  • Mahalik MK, Mallick H, Padhan H (2021) Do educational levels influence the environmental quality? The role of renewable and non-renewable energy demand in selected BRICS countries with a new policy perspective. Renewable Energy 164:419–432

    Article  Google Scholar 

  • McGee JA, Greiner PT (2019) Renewable energy injustice: the socio-environmental implications of renewable energy consumption. Energy Res Soc Sci 56:101214

    Article  Google Scholar 

  • Menegaki AN (2011) Growth and renewable energy in Europe: a random effect model with evidence for neutrality hypothesis. Energy Economics 33(2):257–263

    Article  Google Scholar 

  • Mughal N, Arif A, Jain V, Chupradit S, Shabbir MS, Ramos-Meza CS, Zhanbayev R (2022) The role of technological innovation in environmental pollution, energy consumption and sustainable economic growth: Evidence from South Asian economies. Energ Strat Rev 39:100745

    Article  Google Scholar 

  • Muhammad I, Shabbir MS, Saleem S, Bilal K, Ulucak R (2021) Nexus between willingness to pay for renewable energy sources: Evidence from Turkey. Environ Sci Pollut Res 28(3):2972–2986

    Article  Google Scholar 

  • Muhammad I, Ozcan R, Jain V, Sharma P, Shabbir MS (2022) Does environmental sustainability affect the renewable energy consumption? Nexus among trade openness, CO2 emissions, income inequality, renewable energy, and economic growth in OECD countries. Environ Sci Pollut Res, 1–11

  • Namahoro JP, Wu Q, Zhou N, Xue S (2021) Impact of energy intensity, renewable energy, and economic growth on CO2 emissions: evidence from Africa across regions and income levels. Renew Sustain Energy Rev 147:111233

    Article  CAS  Google Scholar 

  • Nawab, T., Raza, S., Shabbir, M. S., Yahya Khan, G., & Bashir, S. (2022). Multidimensional poverty index across districts in Punjab, Pakistan: estimation and rationale to consolidate with SDGs. Environment, Development and Sustainability, 1–25

  • Nawaz S, Shabbir MS, Shaheen K & Koser M (2021a) The role of human rights and obligations toward cross gender empowerment under the domain of Islamic Laws. iRASD J Manag 3(3):208–217

  • Nawaz S, Koser M, Boota A, Shabbir MS (2021b) The effects of cultural limitations, constitution, feminism, sexual orientation status among the women in Pakistani families. Pakistan J Human Soc Sci 9(3):526–534

    Google Scholar 

  • New Development Bank (NDB) (2018) Developing solutions for a sustainable future annual report 2017. https://www.ndb.int/wpcontent/uploads/2018/07/NDB_AR2017.pdf.

  • Nguyen KH, Kakinaka M (2019) Renewable energy consumption, carbon emissions, and development stages: Some evidence from panel cointegration analysis. Renewable Energy 132:1049–1057

    Article  Google Scholar 

  • Ocal O, Aslan A (2013) Renewable energy consumption–economic growth nexus in Turkey. Renew Sustain Energy Rev 28:494–499

    Article  Google Scholar 

  • Olabi AG, Abdelkareem MA, Wilberforce T, Sayed ET (2021) Application of graphene in energy storage device–A review. Renew Sustain Energy Rev 135:110026

    Article  CAS  Google Scholar 

  • Omri A, Nguyen DK (2014) On the determinants of renewable energy consumption: International evidence. Energy 72:554–560

    Article  Google Scholar 

  • Pao HT, Tsai CM (2010) CO2 emissions, energy consumption and economic growth in BRIC countries. Energy Policy 38(12):7850–7860

    Article  Google Scholar 

  • Radmehr R, Henneberry SR, Shayanmehr S (2021) Renewable energy consumption, CO2 emissions, and economic growth nexus: a simultaneity spatial modeling analysis of EU countries. Struct Chang Econ Dyn 57:13–27

    Article  Google Scholar 

  • Ramos Meza CS, Bashir S, Jain V, Aziz S, Raza Shah SA, Shabbir MS & Agustin DWI (2021) The Economic Consequences of the Loan Guarantees and Firm’s Performance: A Moderate Role of Corporate Social Responsibility. Glob Bus Rev 09721509211039674

  • REN21 (2017) Renewables 2017  Global status report, Paris. https://www.ren21.net/gsr-4792017/

  • REN21, Renewables (2020) Global status report (GSR) Paris: REN21 secretariate. https://www.ren21.net/wp-content/uploads/2019/05/gsr_2020_full_report_en.pdf. (Accessed 3 July 2022)

  • Saboori B, Gholipour HF, Rasoulinezhad E, Ranjbar O (2022) Renewable energy sources and unemployment rate: Evidence from the US states. Energy Policy 168:113155

    Article  Google Scholar 

  • Sadiq M, Kannaiah D, Yahya Khan G, Shabbir MS, Bilal K & Zamir A (2022) Does sustainable environmental agenda matter? The role of globalization toward energy consumption, economic growth, and carbon dioxide emissions in South Asian countries. Environ Dev Sustain 1–20

  • Sadorsky P (2009) Renewable energy consumption and income in emerging economies. Energy Policy 37(10):4021–4028

    Article  Google Scholar 

  • Sadorsky P (2012) Energy consumption, output and trade in South America. Energy Economics 34(2):476–488

    Article  Google Scholar 

  • Sager L (2019) Income inequality and carbon consumption: Evidence from Environmental Engel curves. Energy Economics 84:104507

    Article  Google Scholar 

  • Saleem H, Khan MB & Shabbir MS (2019) The role of financial development, energy demand, and technological change in environmental sustainability agenda: evidence from selected Asian countries. Environ Sci Pollut Res 1–15

  • Saleem H, Khan MB, Shabbir MS, Khan GY & Usman M (2022) Nexus between non-renewable energy production, CO2 emissions, and healthcare spending in OECD economies. Environ Sci Pollut Res 1–12

  • Salim RA, Rafiq S (2012) Why do some emerging economies proactively accelerate the adoption of renewable energy? Energy Economics 34(4):1051–1057

    Article  Google Scholar 

  • Salvarli MS & Salvarli H (2020) For sustainable development: Future trends in renewable energy and enabling technologies. In Renewable Energy-Resources, Challenges and Applications. IntechOpen

  • Samour A, Baskaya MM, Tursoy T (2022) The impact of financial development and FDI on renewable energy in the UAE: a path towards sustainable development. Sustainability 14(3):1208

    Article  Google Scholar 

  • ET Sayed MA Abdelkareem A Bahaa T Eisa H Alawadhi S Al-Asheh …AG Olabi 2021 Synthesis and performance evaluation of various metal chalcogenides as active anodes for direct urea fuel cells Renew Sustain Energy Rev 150 111470

  • Shabbir MS, Aslam E, Irshad A et al (2020) Nexus between corporate social responsibility and financial and non-financial sectors’ performance: a non-linear and disaggregated approach. Environ Sci Pollut Res. https://doi.org/10.1007/s11356-020-09972-x

    Article  Google Scholar 

  • Shabbir MS (2020) Attributes Ensuring Positive Consumer Evaluation in Brand Extension of Pakistan. Intl J Asian Business Inform Manag (IJABIM) 11(4):71–84

    Article  Google Scholar 

  • Shabbir MS, Zeb A (2020) Nexus and Perception of Customers Toward Conventional Banking Systems: Does the Islamic Banking System Exist as a Competitor? Intl J Asian Business Inform Manag (IJABIM) 11(4):54–70

    Article  Google Scholar 

  • Shabbir MS (2022) Regulatory and Supervisory Regime of Islamic Banking System in Nigeria: Challenges, Constraints and Way Forward. J Islamic Banking & Finance, 39(2)

  • Shabbir MS, Wisdom O (2020) The relationship between corporate social responsibility, environmental investments and financial performance: evidence from manufacturing companies. Environ Sci Pollut Res 1-12. https://doi.org/10.1007/s11356-020-10217-0

  • Shabbir MS, Bashir M, Abbasi HM, Yahya G, Abbasi BA (2021) Effect of domestic and foreign private investment on economic growth of Pakistan. Transnational Corporations Review 13(4):437–449

    Article  Google Scholar 

  • Shahbaz M, Rizvi SKA, Dong K, Vo XV (2022) Fiscal decentralization as new determinant of renewable energy demand in China: The role of income inequality and urbanization. Renewable Energy 187:68–80

    Article  Google Scholar 

  • Sharma R, Rajpurohit SS (2022) Nexus between income inequality and consumption of renewable energy in India: a nonlinear examination. Econ Chang Restruct 1–22

  • Sinha A, Shahbaz M (2018) Estimation of environmental Kuznets curve for CO2 emission: role of renewable energy generation in India. Renewable Energy 119:703–711

    Article  Google Scholar 

  • Solt F (2021) Measuring income inequality across countries and over time: The standardized world income inequality database. SWIID Version 8.1, May 2019

  • Su CW, Pang LD, Tao R, Shao X, Umar M (2022) Renewable energy and technological innovation: Which one is the winner in promoting net-zero emissions? Technol Forecast Soc Chang 182:121798

    Article  Google Scholar 

  • Suki NM, Suki NM, Sharif A, Afshan S, Jermsittiparsert K (2022) The role of technology innovation and renewable energy in reducing environmental degradation in Malaysia: A step towards sustainable environment. Renewable Energy 182:245–253

    Article  CAS  Google Scholar 

  • Tan Y, Uprasen U (2021) Carbon neutrality potential of the ASEAN-5 countries: Implications from asymmetric effects of income inequality on renewable energy consumption. J Environ Manage 299:113635

    Article  Google Scholar 

  • Tang CF, Tan EC (2013) Exploring the nexus of electricity consumption, economic growth, energy prices and technology innovation in Malaysia. Appl Energy 104:297–305

    Article  Google Scholar 

  • Tiwari AK (2011) A structural VAR analysis of renewable energy consumption, real GDP and CO2 emissions: evidence from India. Economics Bulletin 31(2):1793–1806

    Google Scholar 

  • Topcu M, Tugcu CT (2020) The impact of renewable energy consumption on income inequality: Evidence from developed countries. Renewable Energy 151:1134–1140

    Article  Google Scholar 

  • Ullah A, Zhang Q, Raza SA, Ali S (2021) Renewable energy: Is it a global challenge or opportunity? Focusing on different income level countries through Panel Smooth Transition Regression Model. Renewable Energy 177:689–699

    Article  Google Scholar 

  • United Nations, World population prospects: the 2021 version. https://population.un.org/wpp/Download/Standard/Population/

  • Usman M, Radulescu M (2022) Examining the role of nuclear and renewable energy in reducing carbon footprint: does the role of technological innovation really create some difference? Sci Total Environ 841:156662

    Article  CAS  Google Scholar 

  • Uzar U (2020) Is income inequality a driver for renewable energy consumption? J Clean Prod 255:120287

    Article  Google Scholar 

  • Uzar U, Eyuboglu K (2019) The nexus between income inequality and CO2 emissions in Turkey. J Clean Prod 227:149–157

    Article  Google Scholar 

  • Wang J, Dong X, Dong K (2021) How renewable energy reduces CO2 emissions? Decoupling and decomposition analysis for 25 countries along the Belt and Road. Appl Econ 53(40):4597–4613

    Article  Google Scholar 

  • Wang G, Sadiq M, Bashir T, Jain V, Ali SA, Shabbir MS (2022a) The dynamic association between different strategies of renewable energy sources and sustainable economic growth under SDGs. Energ Strat Rev 42:100886

    Article  Google Scholar 

  • Wang Q, Wang L, Li R (2022b) Renewable energy and economic growth revisited: The dual roles of resource dependence and anticorruption regulation. J Clean Prod 337:130514

    Article  Google Scholar 

  • Wen Y, Shabbir MS, Haseeb M, Kamal M, Anwar A, Khan MF & Malik S (2022) The dynamic effect of information and communication technology and renewable energy on CO2 emission: Fresh evidence from panel quantile regression. Front Environ Sci 1123

  • Westerlund J (2007) Testing for error correction in panel data. Oxford Bull Econ Stat 69(6):709–748

    Article  Google Scholar 

  • World Bank, 2017. Annual Report 2017 End Extreme Poverty • Boost Shared Prosperity

  • WDI, World Development Indicators, World Bank, (2021). https://databank.worldbank.org/source/world-development-indicators

  • Xie F, Liu Y, Guan F, Wang N (2020) How to coordinate the relationship between renewable energy consumption and green economic development: from the perspective of technological advancement. Environ Sci Eur 32(1):1–15

    Article  CAS  Google Scholar 

  • Yasmeen H, Tan Q, Zameer H, Vo XV, Shahbaz M (2021) Discovering the relationship between natural resources, energy consumption, gross capital formation with economic growth: can lower financial openness change the curse into blessing. Resour Policy 71:102013

    Article  Google Scholar 

  • Yaqoob N, Ali SA, Kannaiah D, Khan N, Shabbir MS, Bilal K, Tabash MI (2022a) The effects of Agriculture Productivity, Land Intensification, on Sustainable Economic Growth: A panel analysis from Bangladesh, India, and Pakistan Economies. Environ Sci Polluti Res, 1–9

  • Yaqoob N, Jain V, Atiq Z, Sharma P, Ramos-Meza CS, Shabbir MS & Tabash MI (2022b) The relationship between staple food crops consumption and its impact on total factor productivity: does green economy matter? Environ Sci Pollut Res 1–10

  • Yikun Z, Gul A, Saleem S, Shabbir MS, Bilal K, Abbasi HM (2021) The relationship between renewable energy sources and sustainable economic growth: evidence from SAARC countries. Environ Sci Pollut Res, 1–10

  • Yu S, Sial MS, Shabbir MS, Moiz M, Wan P, & Cherian J (2020) Does higher population matter for labour market? Evidence from rapid migration in Canada. Economic Research-EkonomskaIstraživanja, 1–18

  • Zhao J, Patwary AK, Qayyum A, Alharthi M, Bashir F, Mohsin M, ... Abbas Q (2022) The determinants of renewable energy sources for the fueling of green and sustainable economy. Energy, 238, 122029

Download references

Acknowledgements

This paper is based on the Ph.D. dissertation of Iftikhar Muhammad. The views, information, or opinions expressed in papers are those of the authors, and the usual disclaimer applies.

Author information

Authors and Affiliations

  1. School of Humanities and Social Sciences, Ibn Haldun University, Istanbul, Turkey

    Iftikhar Muhammad & Rasim Ozcan

  2. Department of Management Sciences, Teerthanker Mahaveer University, Moradabad, India

    Vipin Jain & Chanchal Chawla

  3. Institute Cientifico (IC-UAC), Universidad Andina del Cusco, Cusco, Peru

    Carlos Samuel Ramos-Meza

Authors
  1. Iftikhar Muhammad
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Rasim Ozcan
    View author publications

    You can also search for this author in PubMed Google Scholar

  3. Vipin Jain
    View author publications

    You can also search for this author in PubMed Google Scholar

  4. Carlos Samuel Ramos-Meza
    View author publications

    You can also search for this author in PubMed Google Scholar

  5. Chanchal Chawla
    View author publications

    You can also search for this author in PubMed Google Scholar

Contributions

Mr Iftikhar has completed the data analysis part, Dr Rasim completed the Introduction section, Dr. Vipin completed the Literature review section, Dr Chanchal Chawla wrote Methodology section, and interpreted the data analysis section, and Dr Carlos wrote conclusion, abstract parts, proofread of paper, and format the paper as per journal requirements.

Corresponding author

Correspondence to Iftikhar Muhammad.

Ethics declarations

Ethical approval and consent to participate

This study didn’t use any kind of human participants or human data, which require any kind of approval.

Consent for publication

Our study did not use any kind of individual data such as video and images.

Competing interests

The authors declare no competing interests.

Additional information

Responsible Editor: Ilhan Ozturk

Publisher's note

Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.

Rights and permissions

Springer Nature or its licensor (e.g. a society or other partner) holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law.

Reprints and permissions

About this article

Check for updates. Verify currency and authenticity via CrossMark

Cite this article

Muhammad, I., Ozcan, R., Jain, V. et al. Do drivers of renewable energy consumption matter for BRICS economies? Nexus among technological innovation, environmental degradation, economic growth, and income inequality. Environ Sci Pollut Res 30, 11321–11331 (2023). https://doi.org/10.1007/s11356-022-24665-3

Download citation

  • Received:

  • Accepted:

  • Published:

  • Issue Date:

  • DOI: https://doi.org/10.1007/s11356-022-24665-3

Keywords

JEL Classification

Search

Navigation