Work

The pursuit of net-zero carbon in G7 and BRICS: The impact of good governance system

Year: 2024

Type: article

Abstract: Good governance system is perceived as one of the important mechanisms to achieve net-zero carbon emissions. However, a comparative study is needed to make collective decisions to ensure a successful transition. Therefore, this study considers six proxies to represent good governance system to assess its impact on net-zero emissions in G7 and BRICS countries. The Generalized Moment of Methods is employed for the analysis and the data is from 1996 to 2022. The results of the study revealed that good governance system causes carbon emissions and reduces renewable energy use in G7 while it is insignificant to affect carbon emissions but reduces renewable energy in BRICS. Based on the findings, effective institutional reform is recommended to ensure net-zero emissions.

Source: Sustainable Futures

DOI: 10.1016/j.sftr.2024.100415

Authors: Tongtong Yang, Justice Gyimah, Ujunwa Angela Nwigwe, Xilong Yao

Institution: Taiyuan University of Technology

Language: English

Topic: Energy, Environment, Economic Growth

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Climate action, Peace, justice, and strong institutions

Open Access status: gold

Estimated APC paid: $1,880