Analysing the role of environment-related technologies and carbon emissions in emerging economies: a step towards sustainable development

• Published in: Environmental technology Vol. 43; no. 3; pp. 367 - 375
• Main Authors: Hussain, Muzzammil, Mir, Ghulam Mustafa, Usman, Muhammad, Ye, Chengang, Mansoor, Sadia
• Format: Journal Article
• Language: English
• Published: England Taylor & Francis 28-01-2022
• Subjects: Carbon; Carbon Dioxide; Consumption-based CO; Cross-Sectional Studies; E-7 economies; Economic Development; emissions; environment-related technologies; international trade; Renewable Energy; Sustainable Development; Consumption-based CO2 emissions; renewable energy; environment-related technologies; E-7 economies; international trade
• ISSN: 0959-3330; 1479-487X
• DOI: 10.1080/09593330.2020.1788171

The evaluation of the contribution of consumption-based carbon (CBCO
2
) emissions in greenhouse gas (GHG) emissions is crucially important for the design of sustainable environmental policies. Despite its importance, attention to the discussion of the role of environment-related technologies (ERT) in abating CBCO
2
emission is limited. The role of ERT and renewable energy in reducing carbon emissions is investigated in a panel of seven emerging economies during 1990-2016 in the 'Environment Kuznets Curve (EKC)' framework. Cross-sectional dependence test, CIPS unit root test, Westerlund co-integration, and cross-sectional augmented autoregressive distributive lag econometric techniques are employed to support the propositions. Findings suggest the supportive role of environment-related technologies in the presence of renewable energy in reducing carbon emissions. However, GDP growth is substantially worsening the environment. The findings indicate the need to increase investment in environment-related technologies by the E-7 economies for a sustainable reduction in CB CO
2
emissions.