MEASURING LOW CARBON ENERGY, ECONOMIC AND ENVIRONMENTAL SUSTAINABILITY PERFORMANCE OF BRICS

Hao Li (), Zobia Bhatti, Qaiser Abbas, Ishtiaq Ahmad (), Nadeem Iqbal () and Babar Aziz ()
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Hao Li: Business School, Beijing Normal University, Beijing, P. R. China
Zobia Bhatti: ��Quaid e Azam University, Islamabad, Pakistan
Qaiser Abbas: ��Department of Economics, Ghazi University, D. G. Khan, Pakistan
Ishtiaq Ahmad: �Department of Economics, The Islamia University of Bahawalpur, Pakistan
Nadeem Iqbal: �Department of Business Administration, Ghazi University, D. G. Khan, Pakistan
Babar Aziz: ��Department of Economics, Government College University Lahore, Pakistan

The Singapore Economic Review (SER), 2024, vol. 69, issue 01, 357-376

Abstract: Formulating a robust low-carbon strategy has now been critical to achieving sustainable economic development amid broad carbon emissions across the BRIC region thanks to rapid industrialization and international trade growth. Developing such a strategy requires measuring actual sustainability performance from the energy, economy and ecological perspectives in this region. Therefore, this study explores the relationship among BRIC countries’ energy, economic and environmental sustainability performance by applying a common weight data envelopment analysis (DEA)-like composite indicator approach. The indicators encompass a comprehensive, latest, appropriate and applicable set of indicators. The results reveal that China and Brazil outperform against other underlined countries of the region in achieving sustainability with an overall index score of 0.96. India stands in ranking on second with a steady and unchanged score in the region, followed by South Africa and Russia, standing in ranking on fourth and fifth, respectively, in this study. Inclusive scores of both countries indicate the actual and robust possible potential for better sustainability performances in the region. This study proposes a policy by lifting the cross-border trade for renewable energy to achieve long-term environmental sustainability in the BRICS region.

Keywords: Economic; BRICS; sustainable indicator; low carbon economy; sustainability index climate change (search for similar items in EconPapers)
JEL-codes: O Q54 Q56 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1142/S0217590820500617

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