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Do renewable energy consumption and service industry development contribute to CO2 emissions reduction in BRICS countries?

机译:可再生能源消费和服务业发展促进金砖国家的二氧化碳排放量吗?

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摘要

In recent years, BRICS countries have attached great importance to renewable energy development and actively promoted the shift of economic structure towards service industry, in order to achieve the decoupling of economic development from carbon emissions. However, relevant studies mostly neglect the cross-sectional dependence and heterogeneity issues, which may cause biased results. Therefore, this paper selects the panel data of BRICS countries during 1996-2017 and employs the common correlated effects mean group (CCEMG) method, which are based on the cross-sectional dependence and heterogeneity assumptions, to explore the influence of renewable energy consumption and service industry development on CO2 emissions in BRICS countries. Besides, we also use the random effects model and pooled estimated generalized least squares model, as well as fully modified OLS model for comparison. The results indicate that enhancing the proportion of renewable energy consumption in the total energy consumption is an effective measure to reduce CO2 emissions in BRICS countries. Moreover, the steadily rising contribution of service industry to economic growth in BRICS countries during the sample period does not necessarily contribute to reduce CO2 emissions.
机译:近年来,金砖国家对可再生能源发展重视,积极推动经济结构转向服务业的转变,以实现碳排放的经济发展的去耦。然而,相关研究大多忽略了横截面依赖性和异质性问题,这可能导致偏见的结果。因此,本文在1996 - 2017年期间选择了金砖国家的面板数据,采用了基于横截面依赖性和异质性假设的公共相关效果均值组(CCEMG)方法,以探讨可再生能源消耗的影响资助国家二氧化碳排放的服务业发展。此外,我们还使用随机效果模型和汇总估计的广义最小二乘模型,以及完全修改的OLS模型进行比较。结果表明,在总能源消耗中提高可再生能源消耗的比例是减少金砖国家二氧化碳排放的有效措施。此外,在样本期间,服务业对金砖国家经济增长的稳步上升贡献并不一定有助于减少二氧化碳排放。

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