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Achieving goals of the 2030 sustainable development agenda through renewable energy utilization: Comparing the environmental sustainability effects of economic growth and financial development

Md Shabbir AlamDepartment of Economics and Finance, College of Business Administration, University of Bahrain, Sakhir, P.O. Box, 32038, BahrainPalanisamy ManigandanDepartment of Statistics, Periyar University, Salem, Tamil Nadu P.O. Box 636011, IndiaKhalid M. KisswaniGulf University for Science & Technology, West Mishref, KuwaitImran Ali BaigDepartment of Economics, Jamia Millia Islamia University, Delhi, India

2025en

ABI

Annotatsiya

The UN approved 2030 SDGs. The study explores how renewable energy, natural resources, financial development, and economic growth in BRICS countries effect carbon emissions. This study investigates CO2 emissions from renewable energy use, financial development, and natural resource dependency instead of usual methods. The quarterly frequency data used in this study's econometric analysis spans the years 1985-Q1 through 2021-Q4. The median-based quantile-based regression approach compares emission quantile effects instead of mean-based methods. Natural resources and renewable energy minimise carbon emissions, whereas financial development and economic growth increase them. Higher emission quantiles have stronger effects. Renewable energy consumption, natural resources, and financial development reduce emissions, especially at low concentrations. These data suggest various BRICS carbon emission-reduction measures.

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DOI: 10.1016/j.sftr.2025.100534

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