Carbon emissions determinants and forecasting: Evidence from G6 countries.
J Environ Manage
; 285: 111988, 2021 May 01.
Article
em En
| MEDLINE
| ID: mdl-33561733
ABSTRACT
We examine the explanatory and forecasting power of economic growth, financial development, trade openness and FDI for CO2 emissions in major developed economies within the context of the debate on curbing CO2 emissions Post-Paris Agreement (COP21). Using data from G-6 countries from 1978 to 2014 and employing a set of empirical approaches, we find weak evidence of the Environmental Kuznets Curve, while economic growth, capital market expansion, and trade openness are found to be major drivers of carbon emissions. Carbon emissions are also weakly and negatively affected by stock market capitalization and FDI. Moreover, the forecasting performance is quite good, particularly by augmenting the model with energy consumption and oil prices. With respect to climate commitments, our empirical findings reveal important policy implications.
Palavras-chave
Texto completo:
1
Coleções:
01-internacional
Base de dados:
MEDLINE
Assunto principal:
Carbono
/
Dióxido de Carbono
Tipo de estudo:
Prognostic_studies
País/Região como assunto:
Europa
Idioma:
En
Revista:
J Environ Manage
Ano de publicação:
2021
Tipo de documento:
Article