SCIENCE OF THE TOTAL ENVIRONMENT, cilt.712, ss.136504, 2020 (SCI-Expanded)
Green growth has become one
of the best alternative strategies for sustainable development. Although
environmental technologies play a fundamental role in green growth, further
investigations are required to understand whether and how environmental
technologies affect green growth. Therefore, this study explores the role of
environmental technologies in green growth by controlling renewable and
non-renewable energy consumption for BRICS countries. To this end, the study
conducts advanced panel data estimation techniques that produce robust results
against endogeneity, heteroskedasticity, and cross-sectional dependence issues.
Empirical results show that environmental-related technologies positively
contribute to green growth. Results also confirm that renewable energy promotes
green growth, but non-renewable energy is detrimental to green growth. BRICS
countries need to improve innovations in the energy sector for achieving green
growth and sustainability targets.