The Impact of Economic Growth, Energy Consumption and Demographic Dynamics On Carbon Emissions: A Cross Country Analysis in 133 Nations

Abstract

The growth of economic has been a determinant factor increasing the volume of greenhouse gases, particularly CO2 emissions. To provide appropriate measures to control CO2emission, it is necessary to address how such factors as population and economic growth impact the emission of carbon dioxide in any developing country. However, the answer to what are the key factors or whether these factors have jointly impacted on CO2 emissions has been debated so far. This paper chooses five main factors, including economic growth, population growth, energy consumption, age structure and urbanization as independent variables for multiple regression model to analyse the relationship between these variables to CO2 emission variable in 133 countries. The result shows that all these factors jointly impacted on CO2emissions energy use and demographic factors should be controlled due to the highest contribution to the level of CO2. The research findings are expected to shed a light on those countries policy making in coping with climate change.