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The effect of technological innovation on production-based energy and CO2 emission productivity: Evidence from BRICS countries

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  • Swarup Santra

Abstract

Collectively, Brazil, the Russian Federation, India, China and South Africa (known as BRICS) are emerging as an economic superpower. In 2014, BRICS countries accounted for approximately 40% of the total world population, 30% of the total earth surface and almost 20% of the world’s economic output. Along with increasing economic growth in BRICS countries, energy usage and related carbon emissions are drawing increasing attention as a result of increasing international concern about climate change. Environmental policy has two types of role to play in the economic process. On one hand, firms can adopt or purchase existing ‘cleaner’ technology; on the other hand, they can invest in R&D for inventing new ‘cleaner’ technology. A panel data econometrics analysis of the relevant variables taken from the OECD data set for the period 2005–2012 reveals that innovative environment-related technology has had a sound impact on the sustainable performance of BRICS countries, with the green technological innovations having helped firms and countries, as a whole, to reduce their energy absorption and CO2 emissions. These technologies have positively helped to improve production-based energy productivity and production-based CO2 emission productivity.

Suggested Citation

  • Swarup Santra, 2017. "The effect of technological innovation on production-based energy and CO2 emission productivity: Evidence from BRICS countries," African Journal of Science, Technology, Innovation and Development, Taylor & Francis Journals, vol. 9(5), pages 503-512, September.
    • Handle: RePEc:taf:rajsxx:v:9:y:2017:i:5:p:503-512
    DOI: 10.1080/20421338.2017.1308069
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    Cited by:

    1. Faik Bilgili & Daniel Balsalobre-Lorente & Sevda Kuşkaya & Mohammed Alnour & Seyit Önderol & Mohammad Enamul Hoque, 2024. "Are research and development on energy efficiency and energy sources effective in the level of CO2 emissions? Fresh evidence from EU data," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(9), pages 24183-24219, September.
    2. Guan, Lu & Zhao, Chang, 2024. "Exploring the dual role of financial inclusion and mineral resources in elevating sustainable development," Resources Policy, Elsevier, vol. 90(C).
    3. Zhang, Zhihao, 2023. "Are climate risks helpful for understanding inflation in BRICS countries?," Finance Research Letters, Elsevier, vol. 58(PB).
    4. Liu, Xiaojing & Huang, Ningren & Su, Wunhong & Zhou, Haiyan, 2024. "Green innovation and corporate ESG performance: Evidence from Chinese listed companies," International Review of Economics & Finance, Elsevier, vol. 95(C).
    5. Zhang, Lu & Zhao, Huawei, 2024. "Sustainable development mechanism: The role of natural resources, remittance and policy uncertainty," Resources Policy, Elsevier, vol. 90(C).
    6. Li, Xuetao & Jiang, Yufen & Xin, Xing & Nassani, Abdelmohsen A. & Yang, Chengying, 2024. "The asymmetric role of natural resources, fintech and green innovations in the Chinese economy. Evidence from QARDL approach," Resources Policy, Elsevier, vol. 90(C).
    7. Muntazir Hussain & Ramiz Ur Rehman & Usman Bashir, 2024. "Environmental pollution, innovation, and financial development: an empirical investigation in selected industrialized countries using the panel ARDL approach," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(11), pages 29217-29248, November.

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