Modelling the green logistics and financial innovation on carbon neutrality goal, a fresh insight for BRICS-T

This article explores the concepts and objectives of green logistics and financial innovation in the context of the BRICS-T economies (Brazil, the Russian Federation, India, China, South Africa and Turkey) with the aim of achieving carbon neutrality or net-zero emissions. It outlines a new scientific direction that incorporates the use of knowledge and other areas to apply green innovation, green energy and economic growth to reducing transport-based CO2 emissions. To examine the identified research gap, the study adopted a novel econometric approach for 2000-2018 and confirmed the 'carbon neutrality' hypothesis. The findings revealed that green logistics, green innovation and renewable resources-which become a strong driving force for executing neutrality-result in net zero emissions and improve environmental sustainability in the BRICS-T countries. In contrast, financial innovation and economic growth boost transportation emissions and increase environmental degradation. According to the findings of the study, policymakers should prioritize sustainable development strategies in order to achieve 'Carbon Neutrality'. This includes implementing green logistics and promoting green financial innovation. Furthermore, it is suggested that greater support be given to the renewable energy sector, green technologies and sustainable growth to drive sustainable development in the BRICS-T economies.