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<p>This study explores the energy-environment-growth nexus in BRICS nations, focusing on renewable energy consumption, CO₂ emissions, green technology, and economic growth. Using Panel ARDL, Panel NARDL, and the Dumitrescu-Hurlin panel causality test, the study analyzes the symmetric and asymmetric effects of renewable energy and CO₂ emissions on economic growth, highlighting their distinct short- and long-term impacts. The results indicate that renewable energy fosters long-term growth but poses short-term challenges due to transition costs, whereas CO₂ emissions drive short-term growth while undermining long-term sustainability. The study also highlights the role of green technology and capital formation in promoting sustainable growth. These findings underscore the need for targeted renewable energy policies and carbon reduction strategies that balance economic growth with environmental sustainability. By examining BRICS economies and uncovering asymmetric relationships, this research contributes to the literature by offering deeper insights into the energy-environment-growth nexus in rapidly developing economies.</p>

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Exploring the Dynamic Relationship between Energy, Environment and Economic Growth in BRICS Economies: A Panel N(ARDL) Approach

  • 期刊论文

  • 发表日期：

    2026年7月22日

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  • Mehak Kohli,
  • Ranjan Kumar Mohanty

摘要

This study explores the energy-environment-growth nexus in BRICS nations, focusing on renewable energy consumption, CO₂ emissions, green technology, and economic growth. Using Panel ARDL, Panel NARDL, and the Dumitrescu-Hurlin panel causality test, the study analyzes the symmetric and asymmetric effects of renewable energy and CO₂ emissions on economic growth, highlighting their distinct short- and long-term impacts. The results indicate that renewable energy fosters long-term growth but poses short-term challenges due to transition costs, whereas CO₂ emissions drive short-term growth while undermining long-term sustainability. The study also highlights the role of green technology and capital formation in promoting sustainable growth. These findings underscore the need for targeted renewable energy policies and carbon reduction strategies that balance economic growth with environmental sustainability. By examining BRICS economies and uncovering asymmetric relationships, this research contributes to the literature by offering deeper insights into the energy-environment-growth nexus in rapidly developing economies.