A research team, including members from Near East University, has unveiled a comprehensive study exploring the interplay of renewable energy, technological innovation, and urbanization in BRICS nations and their impact on environmental sustainability. This research contributes to the global discourse on affordable and clean energy, sustainable cities, and climate action.
Spanning from 1992 to 2019, the study employs advanced methodologies to assess how non-renewable energy, nuclear energy, renewable energy, service-value added, and urbanization influence carbon emissions in BRICS countries. The findings reveal that while non-renewable energy, urbanization, and technological innovation induce carbon emissions, renewable energy, nuclear energy, and services sector advancements mitigate these emissions.
The study’s application of the Modified Quantile Regression (MMQR) method indicates a complex relationship between these factors. Notably, renewable energy and nuclear energy emerge as crucial elements in reducing carbon emissions, highlighting the necessity of transitioning to sustainable energy sources. Additionally, the study points to the significant role of the service sector in promoting environmental quality.
The causality analysis suggests a need for comprehensive policy measures. The recommendation includes increasing public and private investments in sustainable energy sources, transitioning industrial machinery to renewable and nuclear energy, and reshaping economies towards service-oriented models. However, this transition may lead to unemployment challenges, necessitating workforce training for new employment opportunities.
Policymakers in BRICS nations are urged to provide substantial financial support for technological innovations, particularly in sustainable energy technologies. This support is essential for positioning these economies on the path of environmental sustainability. Moreover, given the adverse impact of urbanization on ecological quality, there’s a call for urban sustainability through energy efficiency improvements, fostering sustainable lifestyles, and employing advanced technologies.
In conclusion, the study co-authored by Near East University researchers presents a detailed analysis of the renewable energy-environmental sustainability nexus in BRICS nations. It offers valuable insights and policy recommendations for achieving sustainable development goals, emphasizing the importance of integrating clean energy, technological innovation, and sustainable urban development in environmental strategies.
For further details, access the original paper from the publisher’s link:
https://link.springer.com/article/10.1007/s10668-023-03917-3
