In a time of climate change, critically contributed by the increased global energy consumption, energy efficiency comes out as a critical factor in achieving sustainable growth for the countries. Given the fast economic advancement in the BRICS (Brazil, Russia, India, China, and South Africa) countries that have played a vital role in the global economy, energy usage, and climate governance, this study investigates the role of energy efficiency on the environmental quality of these countries. We proxy environmental quality with CO2 emissions, incorporate renewable energy in our models, and estimate the relationship with a long-panel data of 29 years (1990-2018). Our dynamic heterogeneous panel model findings confirm that energy efficiency significantly reduces CO2 emissions or improves environmental quality in the long run and the short run. Besides, we find that renewable energy has a crucial role in enhancing environmental quality in the long run with the negative impact of economic growth activities. Our findings contribute to the literature in a novel way facilitating the comprehension of the role of energy efficiency using a wide range of sophisticated techniques, thus providing robust results. For the policymakers, we humbly advocate strategies for the clean and sustainable economic transition based on our findings which has notable implications for the BRICS, other developing economies, and the world as a whole.
Energy efficiency (EE) is an evolving research aspect for researchers, businesses, and policymakers for its undeniable role in meeting increasing energy demand, reducing CO2 emissions, and tackling climate change. This paper provides a review of the current state of EE research by mapping the research landscape in business and economics to understand the socioeconomic dimensions within these research areas. To identify key information, we examine the trends and characteristics of 2935 relevant scientific publications over a 30-year period from 1990 to 2019 in the Social Science Citation Index of the Web of Science database using bibliometric analysis with a R language package called 'bibliometrix'. Our analysis shows an increasing trend in publications from 2006 onwards; the period remarkably coincides with the implementation phase of the Kyoto protocol in 2005. Accordingly, we observe that EE research has a strong association with issues like CO2 emissions, climate change, sustainability, and the growing importance of these issues in recent years. Thus, our findings provide crucial understandings by incorporating a wide array of scientific outputs in response to calls for greater theoretical clarification of EE research. These findings provide insights into the current state of the art of, and identify crucial areas for future, research. Hence, our research assists in formulating environmentally sustainable policies to tackle the adverse effects of CO2 emissions and related climate change through providing critical grasps on the scholarly development related to EE.
With the rapid global spread of the COVID-19 pandemic, researchers from diverse fields of study have contributed markedly in different research aspects. Considering the substantial economic significance of the pandemic at the micro and macro level throughout the world, we review the scientific publications in the discipline of Economics. To draw a broad inference, we analyze a total of 1,636 scientific publications starting from 1974, which covers the period of earlier pandemics or epidemics that have a close association with COVID-19 using bibliometric analysis. Our analysis and mapping reveal key information related to the contributors at different levels, including author, institution, country, and publication sources. Besides, we identify the historical concentration of research using scientific clustering and illustrate transformations at different times. Moreover, recognizing the underlying inadequacy of economics research, we propose several areas of future research. Our findings and suggestions are expected to act as a roadmap to potential research opportunities and notable implications for business and policymakers.