Environment Development and Sustainability, Journal Year: 2024, Volume and Issue: unknown

Published: Nov. 23, 2024

Climate change and disparities among economic groups represent significant challenges confronting the global community today. Inadequate action against climate is likely to worsen inequalities, while these inequalities can hinder effective execution of initiatives. Against this backdrop study examines impact ENT on carbon emissions inequality (CEI) develop equitable inclusive mitigation strategies. Using a unique GMM-PVAR approach, we analyze structural dynamics in panel dataset 41 developing developed countries for 1990–2020. This method efficient robust. It capable taking into account dynamism data. Further tackle endogeneity concerned data sets. The empirical models geopolitical risk, complexity, total natural resource rents, GDP growth as potential influencers CEI. Our findings reveal that: (1) negatively impacts CEI, underscoring its importance reduction efforts; (2) complexity exhibits negative relationship with implying it contributes reduction; (3) resources, all positively hindering (4) impulse response analysis shows that shocks induce an initial inverse followed by oscillating responses over ten periods; (5) causality test corroborates results indicate no reverse causality. robustness based function heterogeneous confirm earlier findings. outcomes effect showing any upsurge one unit leads decline CEI 1.09 units long run. Remarkably, increase risk will automatically contribute escalation 5.977 units. from Impulse Response Analysis documents how responds independent variables periods. demonstrates shock stimulate first period then oscillate across 10 periods Grounded outcomes, concludes policy implications promote sustainable government should embrace environmental policies enhance application harmonious effects. implement pricing system create incentive individuals companies reduce invest clean technologies.

Language: Английский