4.7 Article

The influence of FDI on GHG emissions in BRI countries using spatial econometric analysis strategy: the significance of biomass energy consumption

期刊

ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
卷 29, 期 36, 页码 54571-54595

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SPRINGER HEIDELBERG
DOI: 10.1007/s11356-022-19384-8

关键词

FDI; Biomass energy consumption; GHG emissions; Spatial econometric analysis; SDGs; BRI countries

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The Belt and Road Initiative (BRI) plays an important role in global economy and climate change mitigation, but insufficient attention has been given by scientists to the related issues. This study examines the effects of foreign direct investment inflows (FDI) and biomass energy consumption (BEC) on greenhouse gas emissions (GHG) in BRI countries. The results show that FDI has a positive impact on GHG emissions, while BEC has a negative impact. Additionally, economic growth and GHG emissions follow an N-shaped curve.
Indeed, the Belt and Road Initiative (BRI) plays an increasingly important role in global economic and climate change mitigation. However, scientists have insufficient attention to the issues related to the elements that contribute to justifying these impacts and bolstering its response in BRI nations. Accordingly, the existent study executed an in-depth examination of the spatial direct and spillover effects of foreign direct investment inflows (FDI) and biomass energy consumption (BEC) on greenhouse gas emissions (GHG) for 57 BRI countries (1992-2012). We applied the spatial lag model (SLM), the spatial error model (SEM), and the spatial Durbin model (SDM) with five different weights matrices to verify the existence of the pollution haven hypothesis (PHH), the pollution halo hypothesis (P-HH), and the N-shaped environmental Kuznets curve (EKC). We linked the study results with the implementation level of the sustainable Development Goals (SDGs). The findings of local Moran's I (LMI) and Lagrange Multiplier (LM) tests confirm the existence of spatial autocorrelation (SAR). The empirical results revealed that FDI has a positive direct and spillover influence on GHG emissions, which supports the presence of PHH. Also, the nexus between economic growth and GHG emission is an N-shaped curve. The results revered that BEC has a negative sign for direct and spillover effects. In contrast to BEC, Fossil Fuel Energy Consumption (FFEC) and population positively sign for direct and indirect impact. Some policy proposals and future research directions are discussed for BRI countries.

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