Title :
Improving carbon efficiency: Is economic growth so favourable?
Author :
Gougeon, Patrick ; Andriosopoulos, Kostas ; Cole, Othman
Author_Institution :
ESCP Eur. Bus. Sch., London, UK
Abstract :
In this paper we present an empirical study to verify the assertion of a negative impact of economic growth on carbon efficiency using a cross country analysis. More precisely we are concerned with the relation between past growth and CO2 emissions, assuming that rapid growth in the past may explain lower carbon efficiency today. The central idea tested is that hasty growth is likely to slow down the improvement of energy and carbon efficiency. In other words, using an ordinary least square multifactor model to explain carbon intensity, we verify that the coefficient for an exogenous variable measuring the average past growth rate (apgr) for each country in our sample, is significantly positive.
Keywords :
carbon compounds; energy conservation; environmental economics; least squares approximations; APGR; CO2; average past growth rate; carbon efficiency; carbon intensity; cross country analysis; economic growth; energy efficiency; ordinary least square multifactor model; Carbon; Carbon dioxide; Coal; Economic indicators; Energy efficiency; Investments; Carbon efficiency; Carbon intensity; Carbon ratio; Economic growth; Energy; Energy conservation; Energy consumption; Energy efficiency; Energy management; GDP per capita;
Conference_Titel :
European Energy Market (EEM), 2012 9th International Conference on the
Conference_Location :
Florence
Print_ISBN :
978-1-4673-0834-2
Electronic_ISBN :
978-1-4673-0832-8
DOI :
10.1109/EEM.2012.6254710