NDLI: Environmental Regulations and $CO_{2}$ Mitigation for Sustainability: Panel Data Analysis (PMG, CCEMG) for BRICS Nations

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Environmental Regulations and $CO_{2}$ Mitigation for Sustainability: Panel Data Analysis (PMG, CCEMG) for BRICS Nations

Content Provider	MDPI
Author	Sarfraz, Muddassar Ivascu, Larisa Cioca, Lucian-Ionel
Copyright Year	2021
Description	The relationship between income and pollution is contested, yet wealth alone is insufficient to regulate emissions, which necessitates environmental regulations. Even if inadequate environmental laws may overcome market failures produced by pollution’s negative externality, a thorough examination of their function in pollution management is critical. This research takes a step forward in offering a fresh viewpoint on the function of environmental laws in pollution reduction for BRICS (Brazil, Russia, India, China, and South Africa) nations to better understand the role of environmental regulations in $CO_{2}$ emission mitigation. The research presented here uses panel data econometric methodologies to achieve this goal, using data from 1995 to 2018. In addition, to provide country-specific findings, the research employs a completely modified ordinary least squares estimator. Environmental laws provide a beneficial influence in reducing carbon emissions. According to the empirical findings, the present environmental regulation positively meets pollution reduction objectives in chosen nations. The environment Kuznets curve (EKC) between pollution and income is controlled by environmental restrictions. Climate change mitigation in BRICS nations is driven by strong environmental policies and economic growth.
Starting Page	72
e-ISSN	20711050
DOI	10.3390/su14010072
Journal	Sustainability
Issue Number	1
Volume Number	14
Language	English
Publisher	MDPI
Publisher Date	2021-12-22
Access Restriction	Open
Subject Keyword	Sustainability Environmental Engineering Brics Co2 Emissions Environmental Regulations International Trade Co2 Mitigation Ccemg Pmg-ardl Cpis Unit Root Test
Content Type	Text
Resource Type	Article

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