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CO 2 emissions and GDP

CO 2 emissions and GDP Purpose – The purpose of this paper is to show how CO 2 equivalent emissions are closely linked with economic development, over time and also across countries. Design/methodology/approach – Emissions data from energy information administration were subjected to macro analysis, regressed upon GDP data, longitudinally and cross‐sectionally. Findings – The conversion factor linking energy to output to pollution is estimated over time and between economies. It is today far too high, making global climate change almost certain. Practical implications – Global environmental coordination is very difficult to achieve, given the nature of this gigantic PD game in combination with weak institutions for policy making and implementation. The only way to stabilise CO 2 emissions is to focus upon the conversion factor linking energy to output to pollution. Originality/value – The paper shows the clear and Juggernaut type connections between energy‐economic output‐CO 2 emissions. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Social Economics Emerald Publishing

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Publisher
Emerald Publishing
Copyright
Copyright © 2011 Emerald Group Publishing Limited. All rights reserved.
ISSN
0306-8293
DOI
10.1108/03068291111171414
Publisher site
See Article on Publisher Site

Abstract

Purpose – The purpose of this paper is to show how CO 2 equivalent emissions are closely linked with economic development, over time and also across countries. Design/methodology/approach – Emissions data from energy information administration were subjected to macro analysis, regressed upon GDP data, longitudinally and cross‐sectionally. Findings – The conversion factor linking energy to output to pollution is estimated over time and between economies. It is today far too high, making global climate change almost certain. Practical implications – Global environmental coordination is very difficult to achieve, given the nature of this gigantic PD game in combination with weak institutions for policy making and implementation. The only way to stabilise CO 2 emissions is to focus upon the conversion factor linking energy to output to pollution. Originality/value – The paper shows the clear and Juggernaut type connections between energy‐economic output‐CO 2 emissions.

Journal

International Journal of Social EconomicsEmerald Publishing

Published: Sep 27, 2011

Keywords: Ecology; Economic development; Economic growth; Environmental management; CO 2 emissions; GDP; Conversion factor; Climate change; Pollution of atmosphere; Green economy; Government policy

References