Environmental management through examining the technical factors of carbon emissions in South Asian economies

Abstract

COP27 has provided a new direction in overcoming the issue of climate change. In the world of growing environmental degradation and climate change issues, the South Asian economies are playing a vital role in tackling these issues. Still, the literature focuses on industrialized economies while ignoring the newly emerging economies. This study evaluates the technological factors' influence on carbon emission in the four small South Asian economies (Sri Lanka, Bangladesh, Pakistan, and India) from 1989 to 2021. This study found the long-run equilibrium relationship between the variables using second-generation estimating tools. Employing the non-parametric and robust parametric approach, this study found that economic performance and development are substantial emissions drivers. In contrast, energy technology and tech innovation are the region's key environmental sustainability factors. Further, the study found that trade positively yet insignificantly impacts pollution. This study suggests further investment in energy technology and technological innovation to improve the production of energy-efficient products and services in these emerging economies.