Estimating the multiple impacts on CO2emissions for BRICS and ASEAN countries

Abstract

This paper employ the autoregressive distribution lag (ARDL) and tool of co-integration for exploring the causality between CO2 emissions, GDP, the renewable energy consumption, the resource rent and environmentally related technological innovation in BRICS and ASEAN countries over the period 1990-2019. Empirical results show that: (1) Economic growth and CO2 emissions are positively correlated, which show statistical significance both at short and long time, whether the five BRICS countries, the six ASEAN countries or the whole sample, and show positive causal relation between economic development and CO2 emissions. (2) Between the resource rent, the renewable energy consumption, and environmentally related technological innovation,which exist both positive and negative relationships with CO2 emission for the five BRICS countries and the six ASEAN countries, and show different effects both the short and long time. (3) This paper explores the feasibility of reducing CO2 emissions and improving sustainable economic growth in the five BRICS and six ASEAN countries.