Recent calculations of carbon dioxide (CO2) emissions have faced challenges because data consist of only partial information, which is called “incomplete information.” According to the emission factor method, energy consumption and CO2 emission factors with incomplete information may lead to unmatched multiplication between themselves, which affects accuracy and increases uncertainties in emission results. To address a specific case of incomplete information that has not been fully explored, we studied the effects of incomplete condition information on the estimates of CO2 emissions from liquefied natural gas (LNG) in China. Based on Chinese LNG sampling data, we obtained the specific-country CO2 emission factor for LNG in China and calculated the corresponding CO2 emissions. By applying hypothesis testing, regression analysis, variance analysis, or Monte Carlo (MC) simulations, the effects of incomplete information on the uncertainty of CO2 emission calculations in three cases were analyzed. The results indicate that calorific values have more than a 9.8% impact on CO2 emission factors and CO2 emissions with incomplete sample information. Regarding incomplete statistical information, the impact of statistical temperature on CO2 emissions exceeds 5.5%. Regarding incomplete sample and statistical information, sample and statistical temperatures can individually increase estimate biases by more than 5.2%. Significantly, the impacts of sample temperature and statistical temperature may offset each other. Therefore, the incomplete condition information is quite important and cannot be ignored in the estimation of CO2 emissions from LNG and international fair comparison.
相似文献China and India are the largest coal consumers and the most populated countries in the world. With industrial and population growth, the need for energy has increased, which has inevitably led to an increase in carbon dioxide (CO2) emissions because both countries depend on fossil fuel consumption. This paper investigates the impact of energy consumption, financial development (FD), gross domestic product (GDP), population, and renewable energy on CO2 emissions. The study applies the long short-term memory (LSTM) method, a novel machine learning (ML) approach, to examine which influencing driver has the greatest and smallest impact on CO2 emissions; correspondingly, this study builds a model for CO2 emission reduction. Data collected between 1990 and 2014 were analyzed, and the results indicated that energy consumption had the greatest effect and renewable energy had the smallest impact on CO2 emissions in both countries. Subsequently, we increased the renewable energy coefficient by one and decreased the energy consumption coefficient by one while keeping all other factors constant, and the results predicted with the LSTM model confirmed the significant reduction in CO2 emissions. Finally, this study forecasted a CO2 emission trend, with a slowdown predicted in China by 2022; however, CO2 emission’s reduction is not possible in India until 2023. These results suggest that shifting from nonrenewable to renewable sources and lowering coal consumption can reduce CO2 emissions without harming economic development.
相似文献This study analyses whether hedging activities of oil and gas firms have a significant effect on the performance of the companies. The performance of companies is proxied by Tobin’s Q and panel regression models are built to estimate the coefficients for firm value and derivative use. The speculative use of derivatives is eliminated in models by the regulations under IFRS and GAAP. The results give critical information regarding asymmetric information and signalling effect. Since the coefficient of derivatives use is negative, it shows the critical meaning of disclosures on the financial healthiness. If companies are publishing high level of hedging activities, it might be a warning for investors to avoid investing at that company. This study also seeks for explanation behind firms’ hedging decisions. To our knowledge, it is among the first studies with a wide range of region and data.
相似文献The effect of financial development on carbon emissions is a hot topic. Although some researches study the heterogeneous impacts of financial development on carbon emissions at the country level, few paper has investigated their heterogeneous relations within the same country. This paper, applying geographically and temporally weighted regression (GTWR), studies the spatial–temporal heterogeneity of the impacts of financial development on carbon emissions across China’s 30 provinces from 2003 to 2017. The results show that financial development proxied by bank credit indicators curbs carbon emissions in most provinces most of the time, while that proxied by stock market indicator exhibits nonlinear relationships in most provinces, such as U-shaped, inverse U-shaped, and inverse N-shaped. The paper concludes first that financial development proxied by different indicators may exert varied impacts on carbon emissions. Second, the impact of financial development on carbon emissions shows great heterogeneity among different provinces and different years: it may be curbing or increasing, and even it is curbing, its curbing effects differ greatly across provinces and years. Third, the impact of financial development on CO2 is not always monotonic; instead, it may be nonlinear. Regional segmentation of financial markets may explain the heterogeneity. Some policy suggestions are also given.
相似文献The reduction of income inequality and environmental vulnerability is the most important factor, through which we can achieve the target of Sustainable Development Goals (SDGs). The past papers have investigated the nexus between income inequality and carbon emissions; however, the relationship between income inequality and carbon emissions along with ecological footprint has not been studied in the case of developing countries. To this end, this study analyzed the impact of income inequality on both carbon emissions and ecological footprint as well as the impact of carbon emission and ecological footprint on income inequality by using the dataset from 2006 to 2017 for the 18 Asian developing economies. This study confirmed the positive relationship between carbon emissions, ecological footprint, and income inequality under the methodology of Driscoll and Kraay (D&K) standard error approach. Specifically, a higher-income gap is destructive for environmental degradation, whereas increasing level of carbon emissions and ecological footprint also leads to rising income inequality in the investigated region. Furthermore, foreign direct investment (FDI), easy access to electricity, and population growth control income inequality, but they have a detrimental effect on both ecological footprint and carbon emissions. The empirical findings also provide some important policy implications.
相似文献Implications: In this research, an advanced modeling framework is used to determine the potential impacts of regional carbon policies on air pollution co-benefits associated with ground level ozone and fine particulate matter. Study results show that spatially heterogeneous GHG policies have the potential to create areas of air pollution dis-benefit. It is also shown that monetized human health benefits within the area covered by policy may be larger than the model estimated cost of the policy. These findings are of particular interest both as U.S. states work to develop plans to meet state-level carbon emissions reduction targets set by the EPA through the Clean Power Plan, and in the absence of comprehensive national carbon policy. 相似文献
Measuring the risks of the carbon financial market is of great significance for investment decision-making, risk supervision, and the healthy development of the carbon trading market. Different from previous studies based on traditional VaR (value at risk), this study measures the integrated risk of China’s carbon market based on the Copula-EVT (Extreme Value Theory) -VaR model which can explore the unique strength of the copula and EVT-VaR models, of which the copula model is applied to capture the dependence between the different risk factors of carbon price volatility and macroeconomic fluctuation, while the EVT-VaR is used to explore the risk value. The empirical results show that the traditional VaR that only considers a single risk factor from carbon price volatility is likely to overestimate the risk. In addition, compared with other methods that do not consider the interdependence between risk factors, using the copula function to measure the carbon market integration risk is more effective, and backtesting also confirms this conclusion. This paper provides a specific reference for carbon emission companies to participate in the carbon market. It provides a theoretical basis for the supervision of the risk management of the carbon market.
相似文献A rapid process of industrialization, on the one hand, transformed the economies from agrarian to industrial societies to improve the living standards and welfare of people. On the other hand, the urbanized and industrialized economies have posed challenging threats to environmental sustainability. The query at hand is whether the growing environmental emissions are driven by industrialization and urbanization or not. This research aims to empirically examine the combined role of industrialization and urbanization in achieving carbon neutrality in Pakistan by considering foreign direct investment and economic growth as control variables in the model. The core empirical results are the following: firstly, industrialization and economic growth exhibit negative but statistically insignificant impacts on CO2 emissions, imparting a neutral role in determining the environmental degradation in Pakistan. Secondly, urbanization and foreign direct investment disclose positive and statistically significant (at 1% level of significance) impacts on CO2 emissions, manifesting an environmental degradation driving impact in the country. Thirdly, given the slope coefficients of urbanization and foreign direct investment (0.058 and 0.035), urbanization proved to be a stronger driver than foreign direct investment. Finally, foreign direct investment is revealed to make the Pakistani economy a “Pollution Haven” for the foreign enterprises in the country. Based on empirical results, none of the variables predicted the support for carbon neutrality in Pakistan.
相似文献The study tries to discover the impact of financial and social indicators’ growth towards environmental considerations to understand the drivers of economic growth and carbon dioxide emissions change in G7 countries. The DEA-like composite index has been used to examine the tradeoff between financial and social indicator matters in environmental consideration by using a multi-objective goal programming approach. The data from 2008 to 2018 is collected from G-7 countries. The results from the DEA-like composite index reveals that there is a mixed condition of environmental sustainability in G-7 countries where the USA is performing better and Japan is performing worse among the set of other countries. The further result shows that the energy and fiscal indicators help to decrease the dangerous gas emissions. Divergent to that, the human and financial index positively contributes to greenhouse gas emissions. Fostering sustainable development is essential to successfully reduce emissions, meet established objectives, and ensure steady development. The study provides valuable information for policymakers.
相似文献Industrial digital transformation is a key engine to help developing countries reduce pollution and carbon emissions. We used the composite system synergy model (CSSM) and modified entropy weight method to measure the degree of synergy between pollution and carbon emissions control (SPCEC) and the level of industrial digitization in each province and city based on the Chinese inter-provincial panel data from 2011 to 2020. We then used the two-way fixed effects and panel quantile regression models to test the heterogeneous influence of industrial digitization on the SPCEC. We found that: (1) industrial digitization had a positive contribution to the SPCEC. (2) Digitization of industry contributes more to the SPCEC level than the digitization of agriculture and services. (3) The promotion of SPCEC by industrial digitization is significant in the western region, but not in the eastern, central and northeastern regions. (4) In provinces and municipalities with lower level of SPCEC, the contribution of industrial digitization to the SPCEC is higher. This paper reveals the impact of industrial digitization on the SPCEC and can provide a policy reference for the realization of the SPCEC from the perspective of the integration of industry and digitization.
相似文献The green innovations, environmental policies, and carbon taxes are the tools to achieve sustainable development goals (SDGs) in the mitigation process. This study is intended to examine the impact of innovation, carbon pricing (CTAX), environmental policies (EP), and energy consumption (ECON) on PM2.5 and greenhouse gas (GHG) emission for Central-Eastern European countries. The panel effect during 2000–2018 is tested using a dynamic panel data model while the Granger causality approach obtains country-related outcomes. The outcomes reveal that eco-friendly innovations have a more profound effect on carbon mitigation. Environmental policies reduce emissions by 2.7% in the short run and 17.4% in the long run. Similarly, CTAX mitigates GHG emissions by 8.6% in the short-run and PM2.5 by 0.9% and 5.7% in the short and long run. However, urbanization, energy consumption and trade openness are the leading polluters in the region. The main findings remain dominant in the country-specific results and find unidirectional and bidirectional causality evidence among variables. The research concludes that green innovations and strict environmental policy can lead towards achieving sustainable development goals using carbon taxes as a tool on the way.
Graphical abstractImplications: The work supports one part of the decision making in black carbon (BC) determination methodology. If regulations regarding BC emissions from marine engines will be implemented in the future, a well-defined and at best unequivocal method of BC determination is required for coherent and comparable emission inventories and estimating BC effects. As the aerosol from marine emission sources may be very heterogeneous and low in BC, special attention to the effects of sampling conditions and sample pretreatments on the validity of the results was paid in developing the thermal-optical analysis methodology (TOT). 相似文献
The household sector is a major driver of energy consumption and greenhouse gas (GHG) emissions. However, most existing studies have only estimated households’ carbon footprint from their expenditures. Households’ daily activity time, a scarce resource that limits and determines their consumption behavior, has rarely been integrated into the estimation. Incorporating the daily time-use patterns should thus provide a more practical perspective for mitigation policies aiming at promoting sustainable household lifestyles. In this study, by linking household time-use data and expenditure data of Japan, the carbon footprint and the GHG intensity of time of 85 daily household activities constituting the 24 hours in a day are estimated. Compared to the maximal 20-activity disaggregation in existing studies, our detailed 85-category disaggregation of daily time enables unprecedented details on the discrepancies between the carbon footprint from daily activities, many of which have previous been treated as one activity. Results indicate significant carbon mitigation potential in activities with a high GHG intensity of time, such as cooking, bathing, and mobility-related and activities. Average daily GHG emissions were also found to be higher on weekends as time-use patterns shift from paid work to free-time activities, highlighting the need for mitigation strategies on a weekly scale.
相似文献Implications: Emissions from motor vehicles can contribute considerably to the levels of greenhouse gases in the atmosphere. The use of biodiesel to replace or augment diesel can not only decrease our dependency on fossil fuels but also help decrease air pollution. Thus, different sources of feedstocks are constantly being explored for affordable biodiesel production. However, the amount of carbon monoxide (CO), carbon dioxide (CO2), and/or nitrogen oxide (NOx) emissions can vary largely depending on type of feedstock used to produce biodiesel. In this work, the authors demonstrated animal fat feasibility in replacing petrodiesel with less impact regarding greenhouse gas emissions than other sources. 相似文献