The Impact of Financial Development on Decarbonization Factors of Carbon Emissions: A Global Perspective

<p>In order to limit the adverse effects of climate change, the carbon dioxide emissions should be controlled. These toxic emissions are associated with the energy sector like coal, oil, natural gas, which produce air pollution and it has to be reduced. Reductions can be brought about by using...

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Autores principales:	N. Thangaiyarkarasi, S. Vanitha
Formato:	article
Lenguaje:	EN
Publicado:	EconJournals 2021
Materias:	Environmental sciences GE1-350 Energy industries. Energy policy. Fuel trade HD9502-9502.5
Acceso en línea:	https://doaj.org/article/279c283221aa49baaac44254ebaa4007
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spelling	oai:doaj.org-article:279c283221aa49baaac44254ebaa40072021-11-12T07:27:31ZThe Impact of Financial Development on Decarbonization Factors of Carbon Emissions: A Global Perspective2146-4553https://doaj.org/article/279c283221aa49baaac44254ebaa40072021-11-01T00:00:00Zhttps://econjournals.com/index.php/ijeep/article/view/11872https://doaj.org/toc/2146-4553<p>In order to limit the adverse effects of climate change, the carbon dioxide emissions should be controlled. These toxic emissions are associated with the energy sector like coal, oil, natural gas, which produce air pollution and it has to be reduced. Reductions can be brought about by using appropriate technologies and policy initiatives. Financial development has been an important factor, which influences the decision on carbon emissions. This study attempts to study the relationship between financial development and carbon emissions, based on the least square of NLS and ARMA method and the data, based on 10 developed countries and five developing countries, during the study period of 10 years from 1<sup>st</sup> April 2010 to 31<sup>st</sup> March 2019. The study employed the Kaya identity IPAT model, unit root test and co-integration test. The variables of GDP per capita and carbon dioxide (CO2) emissions were used as a measure of economic financial development and the status of environmental degradation.</p><p><strong>Keywords: </strong>Carbon dioxide emissions, Financial development, Urbanization, GDP per capita, Climate change, STIRPAT model.</p><p><strong>JEL Classifications: </strong>P44<strong>, </strong>Q40<strong>, </strong>Q48, Q54</p><p>DOI: <a href="https://doi.org/10.32479/ijeep.11872">https://doi.org/10.32479/ijeep.11872</a></p>N. ThangaiyarkarasiS. VanithaEconJournalsarticleEnvironmental sciencesGE1-350Energy industries. Energy policy. Fuel tradeHD9502-9502.5ENInternational Journal of Energy Economics and Policy, Vol 11, Iss 6, Pp 353-364 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Environmental sciences GE1-350 Energy industries. Energy policy. Fuel trade HD9502-9502.5
spellingShingle	Environmental sciences GE1-350 Energy industries. Energy policy. Fuel trade HD9502-9502.5 N. Thangaiyarkarasi S. Vanitha The Impact of Financial Development on Decarbonization Factors of Carbon Emissions: A Global Perspective
description	<p>In order to limit the adverse effects of climate change, the carbon dioxide emissions should be controlled. These toxic emissions are associated with the energy sector like coal, oil, natural gas, which produce air pollution and it has to be reduced. Reductions can be brought about by using appropriate technologies and policy initiatives. Financial development has been an important factor, which influences the decision on carbon emissions. This study attempts to study the relationship between financial development and carbon emissions, based on the least square of NLS and ARMA method and the data, based on 10 developed countries and five developing countries, during the study period of 10 years from 1<sup>st</sup> April 2010 to 31<sup>st</sup> March 2019. The study employed the Kaya identity IPAT model, unit root test and co-integration test. The variables of GDP per capita and carbon dioxide (CO2) emissions were used as a measure of economic financial development and the status of environmental degradation.</p><p><strong>Keywords: </strong>Carbon dioxide emissions, Financial development, Urbanization, GDP per capita, Climate change, STIRPAT model.</p><p><strong>JEL Classifications: </strong>P44<strong>, </strong>Q40<strong>, </strong>Q48, Q54</p><p>DOI: <a href="https://doi.org/10.32479/ijeep.11872">https://doi.org/10.32479/ijeep.11872</a></p>
format	article
author	N. Thangaiyarkarasi S. Vanitha
author_facet	N. Thangaiyarkarasi S. Vanitha
author_sort	N. Thangaiyarkarasi
title	The Impact of Financial Development on Decarbonization Factors of Carbon Emissions: A Global Perspective
title_short	The Impact of Financial Development on Decarbonization Factors of Carbon Emissions: A Global Perspective
title_full	The Impact of Financial Development on Decarbonization Factors of Carbon Emissions: A Global Perspective
title_fullStr	The Impact of Financial Development on Decarbonization Factors of Carbon Emissions: A Global Perspective
title_full_unstemmed	The Impact of Financial Development on Decarbonization Factors of Carbon Emissions: A Global Perspective
title_sort	impact of financial development on decarbonization factors of carbon emissions: a global perspective
publisher	EconJournals
publishDate	2021
url	https://doaj.org/article/279c283221aa49baaac44254ebaa4007
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The Impact of Financial Development on Decarbonization Factors of Carbon Emissions: A Global Perspective

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