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Navigating the Climate Maze: BRICS’ Uncertain Path

Year: 2025
Type: article
Abstract: This study investigates the effect of climate policy uncertainty on CO 2 emissions in BRICS countries from the first quarter of 2000 to the second quarter of 2024. Using Gavriilidis’ (2021) climate policy uncertainty (CPU) index and Quantile-on-Quantile Regression (QQR), the findings indicate that CPU has varying effects, both positive and negative, across different quantiles, notably within the 0.1-0.35 and 0.40-0.80 ranges. The results highlight the importance for stakeholders to account for CPU when making decisions related to carbon emissions and environmental sustainability, as it impacts investment, innovation, and market dynamics.
Authors: Seyi Saint Akadiri, Olugbenga Makanjuola Adebayo, Ifeanyi Ogbekene, Oladunni Adesanya
Language: English
Open Access status: diamond
OpenAlex ID: W4412374177
FWCI:
Cites: 17
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Related to: 10