Liu Xiaojing, Yang Jie, Bilan Yuriy, Shahzad Umer
School of Business, Shaoxing University, Shaoxing, 312000, Zhejiang, China.
School of Management, Wenzhou Business College, Wenzhou, 325035, Zhejiang, China.
Resour Policy. 2023 Jun;83:103687. doi: 10.1016/j.resourpol.2023.103687. Epub 2023 May 8.
In recent times, industrialized economies have focused more on achieving a sustainable environment while maintaining economic prosperity. However, it is clear from the current research that natural resource exploitation and decentralization substantially affect environmental quality. To experimentally validate such data, the current study examines decentralized economies during the previous three decades (1990-2020). This study discovered the existence of long-term cointegration between carbon emissions, economic growth, revenue decentralization, spending decentralization, natural resources, and human capital using panel data econometric techniques. The findings are based on non-parametric techniques, indicating that economic growth and revenue decentralization are the primary barriers to meeting the COP26 objective. Human capital drives down carbon emissions and contributes to meeting the COP26 objective. On the contrary, decentralization of spending and natural resources has a mixed influence on carbon emissions across quantiles. This report recommends investing in human capital, education, and research & development to speed up COP26's target accomplishment.
近年来，工业化经济体在保持经济繁荣的同时，更加注重实现环境可持续性。然而，从当前的研究中可以明显看出，自然资源开发和权力下放对环境质量有重大影响。为了通过实验验证这些数据，本研究考察了过去三十年（1990 - 2020年）的分权经济体。本研究使用面板数据计量经济学技术发现，碳排放、经济增长、收入分权、支出分权、自然资源和人力资本之间存在长期协整关系。研究结果基于非参数技术，表明经济增长和收入分权是实现《联合国气候变化框架公约》第26次缔约方大会（COP26）目标的主要障碍。人力资本可降低碳排放并有助于实现COP26目标。相反，支出和自然资源的分权对不同分位数的碳排放有混合影响。本报告建议投资于人力资本、教育以及研发，以加速COP26目标的实现。
