What is it about?
GHG emission increases carbon footprint, the presence of greenhouse gases and finally the global warming. This study attempts to investigate the persistency in 186 countries globally for 25 years (1990-2014), using three partially overlapping windows. It confirms the possible nature of policy stance on GHG emissions across those nations. The study found that all 186 countries across 25 years are exhibiting persistency or long memory in their respective GHG emission data with various degree. However, 172 countries out of them exhibit weak stationarity thus a random policy shock would assist the policymakers. On the other hand, about 14 countries, mostly from erstwhile USSR region showed strong stationarity requires permanent policy stance. Further, as the observations triples the intensity of long memory diminishes by 60% and more. This study would assist the policymakers on choosing permanent/transitory policy for their respective countries in terms of productivity, income inequality and value added in several sectors. The results may suggest further refinements of the GHG mitigation strategy for the defense sector.
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Why is it important?
In this paper we investigate the global GHG emissions persistency in 186 countries globally for 25 years (1990-2014), using three partially overlapping windows. It confirms the possible nature of policy stance on GHG emissions across those nations. To the best of our knowledge, a similar study concerning the global GHG emissions including 186 countries globally for 25 years has not been conducted to this day, so this is the gap our study endeavors to fill. So this study contributes to the existing literature by investigating for the first time, to the best of our knowledge, global GHG emissions persistency in 186 countries globally for 25 years. Furthermore, by adopting our analysis, the policy makers globally will be in a position to increase the economic development, to achieve the environmental targets and world economy will be more efficient in all sectors (agricultural, transport, residential, construction, defense etc) according to their specific characteristics. In conclusion, energy efficiency measures should be implemented according to the needs of each sector.
Perspectives
This study in particular is significant for four reasons: First of all, reducing GHG focuses on adoption a holistic, globally, bio-economy for sustainable production in many sectors of the world economy. Secondly, in contrast to prior relevant studies, it examines for the first time the 186 countries for 25 years. Thirdly, policy makers would benefit from this research, as they will redefining strategies and apply targeted climate policy measures following bio-economy trails to sustainable, post GHG societies, improve industrial production efficiency and enhance renewable energy technology. Finally, Ministries of Defence might consider redefining the high cost of energy in order to reduce GNG emissions.
Dr Spyros Papathanasiou
National and Kapodistrian University of Athens
Read the Original
This page is a summary of: Are Policy Stances Consistent with the Global GHG Emission Persistence?, January 2022, Springer Science + Business Media,
DOI: 10.1007/978-3-030-92957-2_10.
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