The Impact of Carbon Dioxide Emissions on the Economic Growth of India and China
Keywords:
Economic growtH, Carbon Dioxide Emissions, Carbon emissions trendsAbstract
The goal of this study was to look at the effects of CO2 emissions on India's and China's economic growth. CO2 emissions appear to be increasing in both India and China, according to preliminary data analysis. In addition, both countries' carbon emissions from electricity and heat production have recently decreased, while India's reduction has been greater than China's. India's CO2 emissions from the use of gaseous fuels are also higher than China's. China, on the other hand, emits more CO2 than India from manufacturing and building. The findings also revealed that while both India and China's carbon intensity increased over time, China's was higher. Carbon emissions have a negative and significant relationship with India and China's economic growth, according to the results of correlation and regression research. We conclude that lowering carbon emissions is crucial for the country's well-being based on these findings. As a result, the government should come up with environmentally friendly measures for reducing carbon emissions. Environmental protection is a long-term process that necessitates constant planning, government laws, and public and private sector cooperation.
Downloads
References
Alam, F. (2019). Economic development and carbon dioxide emissions in India. International Journal of Development and Sustainability, 8(9), 558-573.
Makarabbi, G., Vijayalaxmi, D., Balaganesh, G. and Jamaludheen, A. (2017). Economic growth and carbon dioxide emissions in India: An environmental Kunznets Curve approach. Indian Journal of Ecology, 44(3), 428-432.
Kasperowicz, R. (2015). Economic growth and carbon dioxide emissions: the ECM analysis. Journal of International Studies, 8(3), 91-98.
Economic growth, CO2 emissions, and energy consumption in the five ASEAN countries. International Journal of Electrical Power & Energy Systems, 64, 785–
10.1016/j.ijepes.2014.07.081 [Google Scholar] [5]Lacheheb, M. (2015). Economic growth and carbon dioxide emissions: Investigating the environmental Kuznets curve hypothesis in Algeria. International Journal of Energy Economics and Policy, 5(4), 1125-1132.
Farhani, S., & Rejeb, J. (2012). Link between economic growth and energy consumption in over 90 countries. Interdisciplinary Journal of Contemporary Research in Business, 3, 199–210. [Google Scholar]
Xiongling, T. (2016). The relationship between carbon dioxide emission intensity and economic growth in China: cointegration, linear and nonlinear granger causality. Journal of Resources and Ecology, 7(2), 122-129. doi: 10.5814/j.issn.1674- 764x.2016.02.007
Ghosh, C. B., Alam. J. K., & Md. Osmani (2014). Economic growth, CO2 emissions and energy consumption: The case of Bangladesh. International Journal of Business and Economic Research, 3 (6): 220-27.
Misra, Kaumudi. (2019). The relationship between economic growth and carbon emissions in India. Working Paper No.447. The Institute for Social and Economic Change, Bangalore.
