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Economic advancement has tended to affect the processes of industrialization, which has increased the value of exploited natural resources via the application of technology. Intensive use of natural resources via total reserves, technological innovation, foreign direct investment (FDI), and renewable energy can have an impact on the environment. Considering this, the present study investigates the nexus between industrialization, total reserves, inflows of FDI, technical innovation, renewable and natural resources, and CO 2 emissions in the case of BRICS. To this end, annual frequency data for BRICS from 1990 to 2019 are employed in panel framework. The study employs a battery of econometric techniques, namely the Augmented Mean Group (AMG), Common Correlated Effects Mean Group (CCEMG), and Driscoll-Kraay estimators to explore the underlined relationship. The cointegration results based on Westerlund, J. (2007) show that there exists a long-run equilibrium relationship between the study outlined variables over the investigated period. From the empirical analysis, technological innovation and renewable energy both reduce CO 2 emissions while industrial value-added, natural resources, FDI and total reserves contribute to the degradation of the environment. Additionally, the interaction between industrial value-added and technological innovation also has negative impact on the BRICS countries' environment. Based on these outcomes, the BRICS economies are enjoined to pursue green technology growth without compromise for environmental quality in the bloc. Finally, numerous significant policy ramifications for protecting environmental quality in BRICS economies have been proposed in the concluding section. • We explore the impacts ICT and industrialization on CO 2 emissions in BRICS. • We applied a battery of second-generation panel econometrics methods. • Natural resources worsens the environmental quality in the investigated bloc. • Renewables shows strong evidence to improve the quality of the environment in BRICS. [ABSTRACT FROM AUTHOR]

The emerging industrialized seven (E7) economies are not excluded from the global warming issues which is a major problem for most economies. The E7 member countries have partaken in policies to mitigate against global warming in terms of decoupling CO 2 emission from economic growth trajectory in the highlighted economies. It is on this premise that the present study is motivated to consider the connection among economic growth, pollutant emissions, coal rent while accounting for the role of other co-variates such as CO 2 damage and energy from a nuclear energy source, oil gas energy between 1990 and 2016 on an annual frequency. This study adopts the use of panel ordinary least squares alongside panel quantile regression to explore the coal rent-energy and environment nexus. The empirical result shows a positive and significant effect of both real GDP and coal rent on CO 2 emissions. More precisely, a 1% increase in GDP growth increases pollution emission by 0.400% while for coal rent, an increase in coal consumption dampens environmental quality by 0.088% as reported by the panel regression which is resonated by the quantile regression estimations at different tails of the data. Nevertheless, we observe that 0.95 percentile GDP growth strongly contributes to environmental pollution while at the median tail i.e. 0.5 percentile renewable energy consumption dampens the adverse effect of environmental degradation. Additionally, renewable energy, on the other hand, was found a negative and significant impact on CO 2 emissions in E7 countries as a 1% increase in renewable energy consumption improves environmental quality by 0.588% Moreover, the estimated results indicate that regulation of coal consumption through the rent in addition to the cost of carbon damage will further increase the CO 2 emissions in E7 countries. This study implies that putting stringent regulations on coal consumption as it concerns the increasing cost of carbon damage will not be of help to environmental sustainability within the E7 economies. The adoption of renewable energy consumption, nuclear energy, oil energy will reduce CO 2 emissions in E7 countries. Thus, suggesting a paradigm shift for low-carbon energy sources which are more environmentally friendly. [Display omitted] • We explore the nexus between renewables, nuclear, coal, oil, gas energy on CO 2 emission in E7. • Coal rent and renewable energy decreases CO 2 emission in E7 countries. • Energy diversification in the E7 countries can abate global dwindling energy market. • Environmental sustainability is obtained by decoupling CO 2 emission from economic growth. [ABSTRACT FROM AUTHOR]