CO2 emissions, energy consumption, and economic growth: Determining the stability of the 3E relationship

González-Álvarez, María A. (Universidad de Zaragoza) ; Montañés, Antonio (Universidad de Zaragoza)

Resumen: This study analyzed the stability of the relationship between carbon dioxide (CO2) emissions, energy consumption, and economic growth among a sample of 31 countries. Our results revealed the presence of structural breaks in this relationship, with the Great Recession playing an important role. Once these breaks were considered, we observed that most of the countries decoupled the level of CO2 emissions from their economic growth, with more striking evidence among advanced economies. Although emerging markets have made progress, their levels of decoupling were lower. Conversely, we found that the relationship between CO2 emissions and energy consumption intensified, implying that the countries have maintained consumption patterns that remain somewhat carbon-intensive. This also indicates that additional efforts are necessary for finding cleaner methods of energy production and achieving more sustainable economies.

Idioma: Inglés

DOI: 10.1016/j.econmod.2023.106195

Año: 2023

Publicado en: Economic Modelling 121 (2023), 106195 [15 pp.]
ISSN: 0264-9993

Factor impacto JCR: 4.2 (2023)

Categ. JCR: ECONOMICS rank: 72 / 600 = 0.12 (2023) - Q1 - T1

Factor impacto CITESCORE: 8.0 - Economics and Econometrics (Q1)

Factor impacto SCIMAGO: 1.335 - Economics and Econometrics (Q1)

Financiación: info:eu-repo/grantAgreement/ES/DGA/S124-CASSETEM group
Financiación: info:eu-repo/grantAgreement/ES/MICINN/PID2020-114646RB-C44

Tipo y forma: Article (PostPrint)

Área (Departamento): Área Fund. Análisis Económico (Dpto. Análisis Económico)