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August 19, 2026Studies in Economics and Finance

Financing sustainability: how green finance influences the ecological footprint in selected BRICS+ nations

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Authors

FHFarah HussainMGMayuri GogoiNKNabashree Kalita

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Overview

Panel ARDL analysis reveals green finance significantly reduces ecological footprint over the long term in BRICS+ nations, suggesting sustainable investments require time to lower emissions.

Key Points

  • To evaluate the short- and long-run impacts of green finance on environmental degradation and ecological footprint in selected BRICS+ nations.
  • Analyzed balanced panel data spanning from 2000 to 2023 across seven BRICS+ nations.
  • Employed panel Autoregressive Distributed Lag (ARDL) and pooled mean group (PMG) models with error-correction terms to capture short- and long-term dynamics.
  • Green finance exhibited a statistically significant negative effect on ecological footprint in the long run.
  • Green finance demonstrated no significant impact on ecological footprint in the short run due to the long gestation periods required for environmental projects.

Cite This Study

Hussain et al. (2026) studied this question.

synapsesocial.com/papers/6a8563fe03308d306e2d779chttps://doi.org/10.1108/sef-04-2025-0259
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