Global Anthropogenic Carbon Dioxide Emission in 2005: Environmental Kuznets Curve Hypothesis and Implications for Policy
Environmental Kuznets Curve (EKC) hypothesis provides support for public policies that emphasize economic growth at the expense of environmental degradation. This hypothesis postulates an inverted U-shaped relationship between economic growth and environmental degradation with plausible explanations. We contribute to the discussion on EKC hypothesis by focusing on anthropogenic carbon dioxide (CO2) emission (a greenhouse gas) during an extreme year. In the year 2005, concentration of anthropogenic CO2 became higher than the natural range observed over the last 650,000 years. Using econometric modeling of data from 122 countries for the year 2005, we study the key question: Does EKC hypothesis hold for anthropogenic CO2 emission after controlling for energy consumption and environmental governance? We do not find statistical support for EKC hypothesis. But, we find that improvements in environmental governance reduces CO2 emission. This suggests support for environmental policies that specifically promote CO2 emission reduction and does not emphasize economic growth at the expense of environmental degradation.
INTERNATIONAL JOURNAL OF ENVIRONMENT
Volume-5, Issue-2, March-May 2016, Page: 48-60
Copyright (c) 2016 International Journal of Environment
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
The author(s) acknowledge that the manuscript submitted is his/her/their own original work; all authors participated in the work in a substantive way and are prepared to take public responsibility for the work; all authors have seen and approved the manuscript as submitted; the manuscript has not been published and is not being submitted or considered for publication elsewhere; the text, illustrations, and any other materials included in the manuscript do not infringe(plagiarism) upon any existing copyright or other rights of anyone.
Notwithstanding the above, the Contributor(s) or, if applicable the Contributor’s Employer, retain(s) all proprietary rights other than copyright, such as Patent rights; to use, free of charge, all parts of this article for the author’s future works in books, lectures, classroom teaching or oral presentations; the right to reproduce the article for their own purposes provided the copies are not offered for sale.
The copyright to the contribution identified is transferred to IJE.