Guizhou Company Comprehensive Planning Office, China National Tobacco Corporation, Guiyang, China.
Western Modernization Research Center, Guizhou University of Finance and Economics, Guiyang, China.
Environ Sci Pollut Res Int. 2022 Mar;29(15):22505-22514. doi: 10.1007/s11356-021-17376-8. Epub 2021 Nov 18.
Foreign direct investment (FDI) and remittances are a source of financing that allows the environment to be clean by promoting green innovation. This study empirically examines the impact of financial inflow on renewable energy consumption and environmental quality in BRICS over the period of 1991-2019. The basic results emanate from the NARDL-PMG but robustness observed through FMOLS and DOLS. A positive change in FDI has a positive effect on CO2 emissions, whereas a negative change in FDI significantly reduces CO2 emissions in the long run, while positive and negative shocks to remittance increase the renewable energy consumption in the long run. A positive shock in remittance has no significant impact on CO2 emissions, while a negative shock in remittance leads to an increase in CO2 emissions in the long run. Our results are robust to different econometric methods. The findings of the study have some implications for devising renewable energy consumption and CO2 emission reduction policies in BRICS.
外商直接投资（FDI）和汇款是一种融资来源，可以通过促进绿色创新来实现环境清洁。本研究通过 1991-2019 年的 NARDL-PMG 但通过 FMOLS 和 DOLS 观察到稳健性，实证检验了金融流入对金砖国家可再生能源消费和环境质量的影响。FDI 的正向变化对 CO2 排放有正向影响，而 FDI 的负向变化从长期来看显著降低了 CO2 排放，而汇款的正向和负向冲击都会增加可再生能源的消费从长远来看。汇款的正冲击对 CO2 排放没有显著影响，而汇款的负冲击会导致 CO2 排放从长期来看增加。我们的结果对不同的计量经济学方法具有稳健性。研究结果对制定金砖国家可再生能源消费和减少 CO2 排放政策具有一定意义。
