TRENDS IN ENERGY CONSUMPTION AND EMISSIONS IN BRICS:
ANALYZING THE DATA AND THE FACTORS AFFECTING ENERGY
EFFICIENCY

Hena Oak

doi:10.46609/IJSSER.2023.v08i01.004

Title: TRENDS IN ENERGY CONSUMPTION AND EMISSIONS IN BRICS: ANALYZING THE DATA AND THE FACTORS AFFECTING ENERGY EFFICIENCY
Authors: Hena Oak
Journal: International Journal of Social Science and Economic Research (IJSSER) ISSN: 2455-8834 Volume: 8 Issue: 1 Publication Date: January 2023 DOI: 10.46609/IJSSER.2023.v08i01.004
\|\| \|\|
Hena Oak Associate Professor, Department of Economics, Miranda House College, University of Delhi
MLA 8 Oak, Hena. "TRENDS IN ENERGY CONSUMPTION AND EMISSIONS IN BRICS: ANALYZING THE DATA AND THE FACTORS AFFECTING ENERGY EFFICIENCY." Int. j. of Social Science and Economic Research, vol. 8, no. 1, Jan. 2023, pp. 68-83, doi.org/10.46609/IJSSER.2023.v08i01.004. Accessed Jan. 2023. APA 6 Oak, H. (2023, January). TRENDS IN ENERGY CONSUMPTION AND EMISSIONS IN BRICS: ANALYZING THE DATA AND THE FACTORS AFFECTING ENERGY EFFICIENCY. Int. j. of Social Science and Economic Research, 8(1), 68-83. Retrieved from https://doi.org/10.46609/IJSSER.2023.v08i01.004 Chicago Oak, Hena. "TRENDS IN ENERGY CONSUMPTION AND EMISSIONS IN BRICS: ANALYZING THE DATA AND THE FACTORS AFFECTING ENERGY EFFICIENCY." Int. j. of Social Science and Economic Research 8, no. 1 (January 2023), 68-83. Accessed January, 2023. https://doi.org/10.46609/IJSSER.2023.v08i01.004.
References [1]. Azam, M., Khan, A., Zaman, K., and Ahmad, M. 2015. Factors determining energy consumption: Evidence from Indonesia, Malaysia and Thailand. Renewable and Sustainable Energy Reviews, 42: 1123-1131. [2]. BP Statistical Review of World Energy. 2021. https://www.bp.com/ [3]. Khan, I., Hou, F., and Le, H. 2021. The impact of natural resources, energy consumption, and population growth on environmental quality: Fresh evidence from the United States of America. Science of the Total Environment, 754. [4]. Ohlan, R. 2015. The impact of population density, energy consumption, economic growth and trade openness on CO2 emissions in India. Natural Hazards, 79: 1409–1428. [5]. Ouedraogo, N.S. 2013. Energy consumption and human development: Evidence from a panel cointegration and error correction model. Energy, 63: 28-41. [6]. R. Duttagupta, and C. Pazarbasioglu. 2021. Miles to go. Finance and Development, International Monetary Fund. [7]. Statista. 2020. https://www.statista.com/ [8]. The World Bank Data. https://data.worldbank.org/indicator [9]. United States Census Bureau. www.census.gov/popclock/
ABSTRACT: There has been growing awareness about global warming and sustainable development, especially because of the dependence on non-renewable energy resources and its effect on emissions. This paper analyses the trends in energy consumption and CO2 emissions in BRICS nations for the period 2000-2020. Data shows that though there has been a rise in both energy consumption and emissions, the inter-country trends are quite different after population differences have been included. Therefore per capita trends are equally important because countries with large population need more energy resources to meet the growing needs of people. Analysis of trends in energy intensity and emission intensity shows both to be declining, thereby indicating a move towards greater energy efficiency. A panel data fixed effects model is used to estimate the effect of various factors on the energy and emission intensities. Results show that GCF has a negative relation with both intensities, while the effect of population is positive. Paris Agreement dummy variable shows that average intensities were lower after the implementation of the Paris Climate Accord.

IJSSER is Member of