Applied Sciences, Journal Year: 2024, Volume and Issue: 14(20), P. 9443 - 9443
Published: Oct. 16, 2024
This study explores the long-term interplay between trade policy, energy efficiency, and carbon dioxide (CO2) emissions in South Korea, using data spanning from 1985 to 2023. By applying Fourier autoregressive distributed lag (FARDL) model, analysis reveals that while liberalization initially leads a 0.23% increase CO2 for each 1% rise openness—driven by demands of industrial expansion—integrating efficiency standards within agreements helps mitigate these effects over time; this results 0.26% reduction every improvement efficiency. The also highlights dual role foreign direct investment (FDI), which contributes short-term 0.08% but significantly reduces intensity long term facilitating adoption cleaner technologies. These findings underscore importance innovation FDI decoupling economic growth environmental degradation. advocates incorporation measures into prioritization green technologies, recommending strategies could enable Korea reduce its up 40% 2030. research positions as key actor achieving global climate goals maintaining competitiveness, offering valuable insights balance sustainable development growth.
Language: Английский
