Journal
SCIENCE OF THE TOTAL ENVIRONMENT
Volume 718, Issue -, Pages -Publisher
ELSEVIER
DOI: 10.1016/j.scitotenv.2020.137379
Keywords
CO2 emission; Globalization; Environment Kuznets hypothesis; Semi-parametric panel model
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Funding
- National Natural Science Foundation of China [71904111, 71774105]
- Humanities and Social Science Fund of Ministry of Education of China [19YJCZH106]
- Program for the Philosophy and Social Sciences Research of Higher Learning Institutions of Shanxi [201803079]
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In order to provide flexible and comprehensive results about the relationship between globalization and CO2 emissions for the G7 countries, we introduce the KOF globalization index into traditional Stochastic Impacts by Regression on Population, Affluence and Technology model, and conduct the empirical analysis by applying a semi-parametric panel fixed effects model. The data covering the period of 1970-2015 consists of CO2 emissions, KOF globalization index, renewable energy consumption and GDP. Our results indicate that the relationship between globalization and CO2 emissions are inverted U-sharped, which strongly support the Environmental Kuznets Curve hypothesis. Furthermore, an increase of economic output is associated with statistically significant growth in CO2 emissions. On the contrary, an increment of renewable energy consumption lowers CO2 emissions. Related policy proposals are then offered according to our empirical results. (C) 2020 Elsevier B.V. All rights reserved.
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