Akademik Məlumat İdarəetmə Sistemi
ENERGY REPORTS, vol.12, pp.2441-2451, 2024 (SCI-Expanded)
The study aims to fill a critical gap in understanding the multifaceted impact of various economic and environmental factors on sustainability within the BRICS+1 +1 nations. Rapid industrialization and urbanization in these BRICS countries have led to significant environmental challenges, necessitating a comprehensive examination of the effectiveness of energy transitions, green patents, urbanization, environmental policies, and economic growth on environmental sustainability. This research specifically examines the impact of the energy transition (ET), green patents (GPT), and environmental policy on environmental sustainability represented by the Load Capacity Factor (LCF) and using the CS-ARDL, PMG-ARDL, and Dumitrescu Hurlin (DH) panel causality techniques. The panel datasets gathered from BRICS +1 nations from 1993 to 2020 indicated a significant statistically direct causal effect from energy transition to environmental sustainability. The outcome also shows that & iecy;n & iecy;rgy transition adopted by th & iecy; & iecy; BRICS nations ar & iecy; & iecy; inad & iecy;quat & iecy; & iecy;quat & iecy; in addressing environmental sustainability objectives in the long run. Urbanization and the implementation of environmental policies have a negative effect on the LCF. Simultaneously, green patents substantially and favourably influence, ultimately revealing the lack of concern for environmental matters in global technological innovation. Empirical findings indicate that selected BRICS+1 +1 countries should implement various policy measures to enhance environmental sustainability.