Determinants of CO2 emissions in European Union countries
Autor(a) principal: | |
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Data de Publicação: | 2020 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.6/10868 |
Resumo: | The economic growth is one of the main drivers of pollution. Climate change caused by the increase in emissions has harmful and irreversible effects on economies as a whole. Currently, climate change represents a challenging issue for policymakers. This research intends to contribute to the current debate on the factors that contribute to reducing emissions, supplying empirical evidence of the role of environmental regulation in this process. In detail, this research aims to bridge a gap in the literature by giving special attention to the effects of market-based regulation, regulatory incentive policies for renewables deployment, and foreign direct investment on carbon dioxide emissions. To accomplish this objective, it uses yearly data from 1995 to 2017 for 17 European Union (EU) countries. To control for some possible endogeneity, and to study the short- and the longrun effects individually, an Autoregressive Distributed Lag (ARDL) model was used with a Driscoll-Kraay estimator. The main findings show that environmental regulation is effective in cutting CO2 emissions in the long-run. Additionally, the policies supporting renewable energy sources negatively affect CO2 emissions in both the short- and long-run. The effectiveness of these policies is further demonstrated, with foreign direct investment reducing carbon dioxide emissions, suggesting that the EU is managing to attract high quality and innovative investment. The pollution halo hypothesis was validated for EU countries. |
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Determinants of CO2 emissions in European Union countriesDoes environmental regulation reduce environmental pollution?ArdlEmissões de Co2Energia RenovávelHipótese Pollution HaloInvestimento Direto EstrangeiroRegulação AmbientalDomínio/Área Científica::Ciências Sociais::Economia e GestãoThe economic growth is one of the main drivers of pollution. Climate change caused by the increase in emissions has harmful and irreversible effects on economies as a whole. Currently, climate change represents a challenging issue for policymakers. This research intends to contribute to the current debate on the factors that contribute to reducing emissions, supplying empirical evidence of the role of environmental regulation in this process. In detail, this research aims to bridge a gap in the literature by giving special attention to the effects of market-based regulation, regulatory incentive policies for renewables deployment, and foreign direct investment on carbon dioxide emissions. To accomplish this objective, it uses yearly data from 1995 to 2017 for 17 European Union (EU) countries. To control for some possible endogeneity, and to study the short- and the longrun effects individually, an Autoregressive Distributed Lag (ARDL) model was used with a Driscoll-Kraay estimator. The main findings show that environmental regulation is effective in cutting CO2 emissions in the long-run. Additionally, the policies supporting renewable energy sources negatively affect CO2 emissions in both the short- and long-run. The effectiveness of these policies is further demonstrated, with foreign direct investment reducing carbon dioxide emissions, suggesting that the EU is managing to attract high quality and innovative investment. The pollution halo hypothesis was validated for EU countries.O crescimento económico é uma das principais causas da poluição. As alterações climáticas causadas pelo aumento das emissões têm efeitos prejudiciais e irreversíveis nas economias como um todo. Atualmente, as alterações climáticas representam um desafio para os formuladores de políticas. Esta pesquisa pretende contribuir para o debate atual sobre os fatores que contribuem para a redução das emissões, fornecendo evidências empíricas do papel da regulação ambiental nesse processo. Em detalhe, esta pesquisa visa preencher uma lacuna na literatura, dando especial atenção aos efeitos da regulação baseada no mercado, políticas regulatórias de incentivo à implementação de energias renováveis e investimento direto estrangeiro nas emissões de dióxido de carbono. Para atingir esse objetivo, foram utilizados dados anuais de 1995 a 2017 para 17 países da União Europeia (UE). Para controlar alguma possível endogeneidade e estudar os efeitos de curto e longo prazo individualmente, o modelo Autoregressive Distributed Lag (ARDL) foi usado com o estimador Driscoll-Kraay. As principais conclusões mostram que a regulação ambiental é eficaz no decréscimo as emissões de CO2 a longo prazo. Além disso, as políticas de apoio às fontes de energia renováveis afetam negativamente as emissões de CO2 no curto e no longo prazo. A eficácia dessas políticas é demonstrada ainda mais, uma vez que o investimento direto estrangeiro reduz as emissões de dióxido de carbono, sugerindo que a UE está a conseguir atrair investimento inovador e de alta qualidade. A hipótese pollution halo foi validada para os países da UE.Neves, Sónia Cristina AlmeidaMarques, António Manuel CardosouBibliorumPatrício, Margarida da Silva2020-12-22T15:13:23Z2020-07-212020-06-292020-07-21T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.6/10868TID:202560317enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-12-15T09:52:54Zoai:ubibliorum.ubi.pt:10400.6/10868Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T00:50:43.646507Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Determinants of CO2 emissions in European Union countries Does environmental regulation reduce environmental pollution? |
title |
Determinants of CO2 emissions in European Union countries |
spellingShingle |
Determinants of CO2 emissions in European Union countries Patrício, Margarida da Silva Ardl Emissões de Co2 Energia Renovável Hipótese Pollution Halo Investimento Direto Estrangeiro Regulação Ambiental Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
Determinants of CO2 emissions in European Union countries |
title_full |
Determinants of CO2 emissions in European Union countries |
title_fullStr |
Determinants of CO2 emissions in European Union countries |
title_full_unstemmed |
Determinants of CO2 emissions in European Union countries |
title_sort |
Determinants of CO2 emissions in European Union countries |
author |
Patrício, Margarida da Silva |
author_facet |
Patrício, Margarida da Silva |
author_role |
author |
dc.contributor.none.fl_str_mv |
Neves, Sónia Cristina Almeida Marques, António Manuel Cardoso uBibliorum |
dc.contributor.author.fl_str_mv |
Patrício, Margarida da Silva |
dc.subject.por.fl_str_mv |
Ardl Emissões de Co2 Energia Renovável Hipótese Pollution Halo Investimento Direto Estrangeiro Regulação Ambiental Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Ardl Emissões de Co2 Energia Renovável Hipótese Pollution Halo Investimento Direto Estrangeiro Regulação Ambiental Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
The economic growth is one of the main drivers of pollution. Climate change caused by the increase in emissions has harmful and irreversible effects on economies as a whole. Currently, climate change represents a challenging issue for policymakers. This research intends to contribute to the current debate on the factors that contribute to reducing emissions, supplying empirical evidence of the role of environmental regulation in this process. In detail, this research aims to bridge a gap in the literature by giving special attention to the effects of market-based regulation, regulatory incentive policies for renewables deployment, and foreign direct investment on carbon dioxide emissions. To accomplish this objective, it uses yearly data from 1995 to 2017 for 17 European Union (EU) countries. To control for some possible endogeneity, and to study the short- and the longrun effects individually, an Autoregressive Distributed Lag (ARDL) model was used with a Driscoll-Kraay estimator. The main findings show that environmental regulation is effective in cutting CO2 emissions in the long-run. Additionally, the policies supporting renewable energy sources negatively affect CO2 emissions in both the short- and long-run. The effectiveness of these policies is further demonstrated, with foreign direct investment reducing carbon dioxide emissions, suggesting that the EU is managing to attract high quality and innovative investment. The pollution halo hypothesis was validated for EU countries. |
publishDate |
2020 |
dc.date.none.fl_str_mv |
2020-12-22T15:13:23Z 2020-07-21 2020-06-29 2020-07-21T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.6/10868 TID:202560317 |
url |
http://hdl.handle.net/10400.6/10868 |
identifier_str_mv |
TID:202560317 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
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RCAAP |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799136397501661184 |