Impact of economic policy uncertainty on global carbon emissions

IF 1.2 Q3 ECONOMICS

Research in Economics Pub Date : 2024-04-26 DOI:10.1016/j.rie.2024.100961

Saqib Farid, Quratulain Zafar

引用次数: 0

Abstract

The article aims to examine the potential effect of Economic Policy Uncertainty (EPU) on the mean and variance of carbon (CO2) emissions by employing a novel nonparametric causality-in-quantiles and quantile-on-quantile on the dataset comprising of 17 economies to test our hypothesis. The results of causality-in-quantiles find that EPU offers a significant yet mixed ability to impact the carbon emissions of most economies. These mixed patterns of impact pertain not only to mean and variance but also across regions. The results of quantile-on-quantile reveal that high EPU leads to an augmented level of carbon emissions. This causality may indicate that macroeconomic and institutional factors influence the carbon emission for all analyzed countries. These findings are particularly useful for practitioners, policymakers, academic researchers, and traders in the carbon market as they could promote the realization of carbon reductions targets by maintaining stable economic policies that have tangible ramifications for carbon emissions behavior.

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经济政策不确定性对全球碳排放的影响

本文旨在研究经济政策不确定性（EPU）对碳（CO2）排放量的均值和方差的潜在影响，在由 17 个经济体组成的数据集上采用了新颖的非参数因果关系中的量值和量值上的量值来检验我们的假设。量化因果关系的结果表明，EPU 对大多数经济体的碳排放有显著影响，但影响程度不一。这些混合影响模式不仅涉及平均值和方差，还涉及不同地区。量化对量化的结果显示，高 EPU 会导致碳排放水平的提高。这种因果关系可能表明，宏观经济和制度因素影响着所有分析国家的碳排放量。这些发现对碳市场的从业人员、政策制定者、学术研究人员和交易者特别有用，因为他们可以通过保持稳定的经济政策来促进碳减排目标的实现，而这些政策对碳排放行为有着切实的影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Research in Economics ECONOMICS-

CiteScore

1.40

自引率

0.00%

发文量

审稿时长

89 days

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