Determinants of Greenhouse Gas Emissions
European Journal of Sustainable Development Research, 2022, 6(4), em0194, https://doi.org/10.21601/ejosdr/12176
This paper examined the determinants (decomposed into enablers and de-enablers) of global greenhouse gas (GHG) emissions to deepen the debate on enhancing the implementation of the social cost of carbon or carbon pricing. Data from world development indicators were utilized in this study. The study leverages the autoregressive distributive lag model, pairwise granger causality, and impulse response function tests. This study found that there is a long-run relationship between selected economic indicators and GHG emissions in the global economy. In the long run, the GHG emissions enablers are FDI inflow and fossil fuel consumption. On the other hand, de-enablers of GHG emissions are GDP growth rate and merchandise trade. However, gas, oil, and coal use for electricity and fertilizer consumption have mixed finding across the regions. Also, the study observed that there exists no causality between GHG emissions and selected finance-related variables. A 1% shock in GHG emissions generates monetary volatility. Based on the findings that global trade generates a similar impact on GHG emissions across high-income countries, low-income countries, and middle-income countries. This study recommends the imposing of carbon tax and cap-and-trade on the GHGs polluting sectors and countries involved in the production and distribution of economic goods (activities) enabling GHG emissions.
Ibeabuchi, I. J., Amaefule, C., & Shoaga, A. (2022). Determinants of Greenhouse Gas Emissions. European Journal of Sustainable Development Research, 6(4), em0194. https://doi.org/10.21601/ejosdr/12176
Ibeabuchi, I. J., Amaefule, C., and Shoaga, A. (2022). Determinants of Greenhouse Gas Emissions. European Journal of Sustainable Development Research, 6(4), em0194. https://doi.org/10.21601/ejosdr/12176
Ibeabuchi IJ, Amaefule C, Shoaga A. Determinants of Greenhouse Gas Emissions. EUR J SUSTAIN DEV RES. 2022;6(4):em0194. https://doi.org/10.21601/ejosdr/12176
Ibeabuchi IJ, Amaefule C, Shoaga A. Determinants of Greenhouse Gas Emissions. EUR J SUSTAIN DEV RES. 2022;6(4), em0194. https://doi.org/10.21601/ejosdr/12176
Ibeabuchi, Igwe Justice, Chukwuemeka Amaefule, and Akeem Shoaga. "Determinants of Greenhouse Gas Emissions". European Journal of Sustainable Development Research 2022 6 no. 4 (2022): em0194. https://doi.org/10.21601/ejosdr/12176
Ibeabuchi, Igwe Justice et al. "Determinants of Greenhouse Gas Emissions". European Journal of Sustainable Development Research, vol. 6, no. 4, 2022, em0194. https://doi.org/10.21601/ejosdr/12176
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