Moreover, urbanization has assisted in encouraging renewable energy sources and cutting carbon footprints. On the one hand, it is reflected in its positive contribution to enhancing the carbon footprint. The results of the Pooled Mean Group (PMG) show that, urbanization, investments in new areas and economic complexity represent a constraint to the transition to renewable energy. The results demonstrate that the carbon footprint and its drivers have long-term co-integration linkages. The study employed batteries of techniques to investigate the drivers of carbon footprint in BRICS nations from 2003 to 2018. A pertinent climate purpose is being offered based on greenfield investment and financial inclusion to support the energy transition, especially in light of the most recent conference on climate change (COP27). An accurate environmental quality assessment is crucial to create an effective climate framework to combat environmental problems.
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