Unveiling the Role of Natural Resources, Energy Transition and Environmental Policy Stringency for Sustainable Environmental Development: Evidence from BRIC +1

This study investigates the impacts of economic growth, energy transition, mineral market, traditional energy, environmental policy stringency, and load capacity factor on natural resource and sustainable environment management in BRIC +1 countries from 1993 to 2020. The CS-ARDL model is adopted to demonstrate the nexus between the abovementioned constructs. Empirical findings suggest that the mineral market and energy transition positively impact environmental sustainability. Additionally, environmental policy stringency and effective management of natural resources are equally important for developing a sustainable environment in BRIC +1 countries. Overall, there is a significant association between all the examined variables, and they are all equally important in facilitating environmental sustainability in the BRIC +1 countries. The empirical outcomes of the present study help policymakers establish ecological sustainability and guide them toward sustainable development.