https://ojs.scekr.org/index.php/jcmi <p>The inception of <em><u>Journal of Contemporary Macroeconomic Issues</u></em> (JCMI) is to publish the Research Work that originates to provide the cover to contemporary and incessant range of persistent macroeconomic hatchbacks at the emerging economies of the world. The Journal came into being in the year 2020.</p> <p><strong>ISSN PRINT: </strong><em>2708-4973</em></p> <p><strong>ISSN ONLINE: </strong><em>2709-0469</em></p> <p><strong>FREQUENCY OF PUBLICATION: </strong><em>BI-ANNUAL (JUNE &amp; DECEMBER)</em></p> <p><strong>REVIEW PROCESS: </strong><em>TRIPLE BLIND PEER REVIEW</em></p> <p><strong>SYSTEM OF SUBMISSION: </strong><em>OPEN JOURNAL SYSTEM (OJS)</em></p> <p><strong>LANGUAGE: </strong><em>ENGLISH</em></p> <p><strong>PUBLISHER: </strong><em>SCHOLASTIC CENTER FOR EDUCATION, KNOWLEDGE, AND RESEARH</em></p> <p> </p> Scholastic Center for Education, Knowledge, and Research, Pakistan en-US Journal of Contemporary Macroeconomic Issues 2708-4973 https://ojs.scekr.org/index.php/jcmi/article/view/157 <p>Environmental challenges have emerged as one of the most critical matters affecting the globe today. Human-caused carbon emissions are the primary causes of these environmental challenges, and in order to decrease and mitigate their impacts, officials throughout the world are constantly researching their drivers and determinants. BRICS is considered as significant part of world economy and energy markets. This study examines the EKC hypothesis for the BRICS while applying nonlinear ARDL approach that distinguishes it from previous studies. For this purpose, this study decomposes the per-capita income (GPC) series into two components: the positive and the negative series. Empirical findings indicate that in the decomposed model, the coefficients of positive series of GPC and GPC2 have significant negative and positive signs respectively in all countries of the region which supports the EKC hypothesis. Results imply that BRICS governments need to focus to lower to reduce their very considerable dependence on fossil fuel. The clean energy evolution can lead to the abandoning of fossil fuel assets, including those retained or supported by governments.</p> Misbah Nosheen Muhammad Ali Abbas Javed Iqbal Copyright (c) 2025 Journal of Contemporary Macroeconomic Issues https://creativecommons.org/licenses/by-sa/4.0 2025-06-22 2025-06-22 6 1 1 13 https://ojs.scekr.org/index.php/jcmi/article/view/176 <p>Rising CO₂ emissions pose a global challenge, including in South Asia. This study examines the determinants of CO₂ emissions—economic growth, urbanization, tourism, industrialization, renewable energy, agriculture, and forest area—using panel data (1990–2021) from South Asian countries. Dynamic Ordinary Least Squares (DOLS) and panel unit root tests reveal long-run relationships. Urbanization, tourism, and agricultural value-added significantly increase CO₂ emissions, while economic growth, renewable energy, and forest area negatively correlate with emissions. The findings suggest that energy-intensive urbanization, tourism, and agricultural expansion drive emissions, whereas renewable energy adoption and forest conservation mitigate them. Policymakers must prioritize sustainable urbanization, green tourism, and renewable energy transitions to curb emissions while fostering economic development.</p> Rehana Kousar Muhammad Sharyar Mahnaz Muhammad Ali Rana Sharjeel Akhtar Copyright (c) 2025 Journal of Contemporary Macroeconomic Issues https://creativecommons.org/licenses/by-sa/4.0 2025-06-22 2025-06-22 6 1 14 31