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Energy & Environment
Article . 2024 . Peer-reviewed
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Other literature type . 2024
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Other literature type . 2024
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Environmental impact of ISO 14001 certification in promoting sustainable development: The moderating role of innovation and structural change in BRICS, MINT, and G7 economies

التأثير البيئي لشهادة الأيزو 14001 في تعزيز التنمية المستدامة: الدور المعتدل للابتكار والتغيير الهيكلي في اقتصادات بريكس، مينت، ومجموعة السبع
Authors: Elvis Kwame Ofori; Simplice A. Asongu; Ernest Baba Ali; Bright Akwasi Gyamfi; Isaac Ahakwa;

Environmental impact of ISO 14001 certification in promoting sustainable development: The moderating role of innovation and structural change in BRICS, MINT, and G7 economies

Abstract

Since the industrial era, the selection of energy sources to facilitate economic advancement has been criticized because of the resulting ecological calamity. This has prompted the introduction of radical approaches such as ISO 14001, which tackles the drivers of pollution. Therefore, this study analyses the ISO 14001—environment nexus from three distinct points of view: BRICS, MINT, and G7 countries from 1999–2020. Also, our work fills an extant gap in assessing structural change and innovation’s role in augmenting the relationship. The Driscoll and Kraay estimator is employed as an analytical tool for cross-sectional dependence and slope homogeneity, while the fixed effects approach provides sufficient robustness checks on the findings. While some outcomes vary per bloc, others are relatively similar across the three blocs. That is: (1) ISO 14001 shows an abatement portfolio for only the G7 bloc, and the Full sample. (2) Structural change showed potential for abating carbon emissions in all blocs. (3) Technology led to an increase in pollution in all blocs except for the MINT economy. (4) ICT in the form of mobile phones also help reduce carbon emissions in all three blocs except for their composite. (5) Renewable energy helps reduce carbon emission in all blocs except for G7. ISO 14001 shows the potential to encourage green growth. As a result, policymakers should work to enhance ISO 14001 certification, which might serve as a management tool to promote sustainable development.

Keywords

Technology, Economics and Econometrics, Certification, Economics, Strategy and Management, FOS: Political science, Social Sciences, Economic Impact of Environmental Policies and Resources, Business, Management and Accounting, FOS: Law, Drivers and Impacts of Green Consumer Behavior, BRICSMINT, FOS: Economics and business, Sustainable development, Structural change, Conceptualizing the Circular Economy and Sustainable Supply Chains, Business, G7, Political science, ISO 14001, Marketing, ddc:330, Management, Economics, Econometrics and Finance, Environmental Innovation, Law

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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
1
Average
Average
Average
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