This study investigated the link between energy consumption (EC), foreign direct investments (FDI), urbanization (URB) and CO₂ emissions in the emerging seven (E7) countries for the period 1991 to 2014. The exploration made a methodological contribution by employing modern econometric methods that are robust to the issues of cross-sectional dependence and slope heterogeneity, so as to obtain valid and reliable outcomes. From the results, the panel under consideration was heterogeneous and cross-sectionally correlated. Also, the series were first differenced stationary and cointegrated in the long-run. The DCCEMG and the DCCEPMG estimators were engaged to explore the long-run elastic effects of the covariates on the response variable, and from the results, EC and URB were key promoters of CO₂ effusions in the countries. However, FDI mitigated the emanation of CO₂ in the nations. Additionally, economic growth (GDP) and population growth (POP) escalated the emittance of CO₂ in the E7. On the D-H causality test outcomes, a feedback causality amid POP and CO₂ effusions; GDP and CO₂ excretions; FDI and CO₂ emissivities; and between URB and CO₂ secretions were discovered. Finally, a one-way causation from URB to the effluents of CO₂ was unfolded. Based on the verdicts, policy suggestions were proposed to help abate the rate of CO₂ exudations in the countries.

本研究调查了新兴七国 (E7) 1991 年至 2014 年期间能源消耗 (EC)、外国直接投资 (FDI)、城市化 (URB) 和 CO ₂排放之间的联系。现代计量经济学方法对横截面依赖性和斜率异质性问题具有鲁棒性，从而获得有效和可靠的结果。从结果来看，所考虑的小组是异质的且横截面相关。此外，该系列首先在长期中进行差分平稳和协整。DCCEMG 和 DCCEPMG 估计器参与探索协变量对响应变量的长期弹性效应，从结果来看，EC 和 URB 是 CO _{2 的}关键推动者流产在各国。然而，外国直接投资减轻了这些国家的 CO ₂排放。此外，经济增长 (GDP) 和人口增长 (POP) 提高了 E7中 CO ₂的排放量。在 DH 因果关系测试结果中，POP 和 CO ₂渗出中的反馈因果关系；GDP和CO ₂排放量；FDI 和 CO ₂排放量；并在URB和CO ₂分泌物之间发现。最后，揭示了从 URB 到 CO ₂流出物的单向因果关系。根据判决结果，提出了有助于降低各国CO ₂渗出率的政策建议。