Investigating the Relationship between Energy Consumption and Environmental Degradation with the Moderating Influence of Technological Innovation

Suzan Sameer Issa, Mosab I. Tabash (), Adel Ahmed, Hosam Alden Riyadh, Mohammed Alnahhal and Manishkumar Varma
Additional contact information
Suzan Sameer Issa: Faculty of Administrative and Financial Sciences, University of Petra, Amman P.O. Box 961343, Jordan
Mosab I. Tabash: Department of Business Administration, College of Business, Al Ain University, Al Ain P.O. Box 64141, United Arab Emirates
Adel Ahmed: Amity Business School, Amity University Dubai, Dubai International Academic City, Dubai P.O. Box 345019, United Arab Emirates
Hosam Alden Riyadh: Department of Accounting, School of Economics and Business, Telkom University, Bandung 40257, Indonesia
Mohammed Alnahhal: Mechanical Engineering Department, American University of Ras Al Khaimah, Ras Al Khaimah P.O. Box 10021, United Arab Emirates
Manishkumar Varma: MIESPPU Institute of Higher Education, Doha P.O. Box 14868, Qatar

JRFM, 2024, vol. 17, issue 9, 1-17

Abstract: Energy consumption (ECON) in BRICS countries is fueled by fossil fuels, mainly coal. Increased environmental degradation (ED) in BRICS countries is mostly driven by coal consumption. This study utilizes quantile regression for the analysis, enabling the development of targeted energy reorganization and emission reduction policies in BRICS countries. This study uses data spanning from 1990 to 2022 to explore the impact of ECON on ED. Additionally, technological innovation was used to create a moderating role in the nexus between ECON and ED. The model focuses on CO 2 emissions and the ecological footprint across ten BRICS countries. Among the nations included in the panel, the results indicate a significant dependence on cross-sectional factors. The study shows that ECON has a detrimental impact on ED across all quantiles. However, technological innovation reduces ED. In terms of a moderating role, technological innovation mitigates the negative influence of ECON on ED. Therefore, it is necessary to implement distinct policies in order to accomplish carbon emission reduction goals in various countries.

Keywords: energy consumption; environmental degradation; technological innovation; BRICS; quantile regression (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2024
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