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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

handle: 10419/298271
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.
- Ural Federal University Russian Federation
- University of Science and Technology of China China (People's Republic of)
- University of the Sciences United States
- University of Johannesburg South Africa
- Ural Federal University Russian Federation
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
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
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).1 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.Average influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Average impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Average
