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(searched for: An Empirical Investigation on the Relationship between Carbon Emission and Regional Economic Growth)
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Song Zhi-Hong, Mao Heng-Chuang, Lee Dong-Mei
European Journal of Business and Management Research, Volume 6, pp 51-54; doi:10.24018/ejbmr.2021.6.4.926

Abstract:
The paper empirically investigated the relationship between GDP and carbon emissions in Shanxi Province, P. R. China, from 1998 to 2012. Firstly, the unit root test and co-integration test are carried out for the two time series, and the co-integration equations are obtained. Then the Granger causality test was carried out, and it is found that when the lag order is 3, the carbon emissions of Shanxi Province is the Granger cause of GDP, while GDP is not the Granger cause of carbon emissions. The conclusion of the study shows that energy consumption in Shanxi Province still brings obvious economic benefits. The economic development of Shanxi Province has not caused a significant increase in carbon emissions in the past 15 years, which may be due to the preliminary effect of the economic transformation of Shanxi Province in recent years. This is consistent with the result that the carbon emission per unit GDP of Shanxi Province shows a downward trend in the past 15 years. Finally, it is put forward that active adjustment of energy structure, development of renewable energy, implementation of technological innovation, optimization of industrial structure and reasonable government intervention are effective measures for sustainable regional economic growth.
Published: 18 November 2016
by MDPI
Sustainability, Volume 8; doi:10.3390/su8111195

Abstract:
A pilot regional carbon emission trading scheme (ETS) has been implemented in China for more than two years. An investigation into the impacts of different factors on carbon dioxide (CO2) emission allowance prices provides guidance for price-making in 2017 when the nation-wide ETS of China will be established. This paper adopts a quantile regression approach to estimate the impacts of different factors in Shanghai emission trading scheme (SH-ETS), namely, economic growth, energy prices and temperature. The empirical analysis shows that: (i) the economic growth in Shanghai leads to a drop in the carbon allowance prices; (ii) the oil price has a slightly positive effect on the allowance prices regardless of the ordinary least squares (OLS) or quantile regression method; (iii) a long-run negative relationship exists between the coal price and the Shanghai emission allowances (SHEA) prices, but a positive interaction under different quantiles, especially the 25%–50% quantiles; (iv) temperature has a significantly positive effect at the 20%–30% quantiles and a conspicuous negative impact at the right tail of the allowances prices.
Published: 21 February 2014
by MDPI
Sustainability, Volume 6, pp 1037-1045; doi:10.3390/su6021037

Abstract:
Issues on climate change have been recognized as serious challenges for regional sustainable development both at a global and local level. Given the background that most of the artificial carbon emissions are resulted from the energy consumption sector and the energy is also the key element resource for economic development, this paper investigated the relationship between CO2 emission, fossil energy consumption, and economic growth in the period 1970–2008 of nine European countries, based on the approach of Granger Causality Test, followed by the risk analysis on impacts of CO2 reduction to local economic growth classified by the indicator of causality degree. The results show that there are various feedback causal relationships between carbon emission, energy consumption and economic growth, with both unidirectional and dual-directional Granger causality. The impact of reducing CO2 emission to economic growth varies between countries as well.
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