scholarly journals Energy Related CO2 Emissions before and after the Financial Crisis

2020 ◽  
Vol 12 (9) ◽  
pp. 3867 ◽  
Author(s):  
Perry Sadorsky
Keyword(s):  
Financial Crisis ◽  
Co2 Emissions ◽  
Economic Activity ◽  
Energy Intensity ◽  
Carbon Intensity ◽  
Contributing Factors ◽  
Crisis Period ◽  
Country Level ◽  
Before And After ◽  
Carbon Dioxide Co2

The 2008–2009 financial crisis, often referred to as the Great Recession, presented one of the greatest challenges to economies since the Great Depression of the 1930s. Before the financial crisis, and in response to the Kyoto Protocol, many countries were making great strides in increasing energy efficiency, reducing carbon dioxide (CO2) emission intensity and reducing their emissions of CO2. During the financial crisis, CO2 emissions declined in response to a decrease in economic activity. The focus of this research is to study how energy related CO2 emissions and their driving factors after the financial crisis compare to the period before the financial crisis. The logarithmic mean Divisia index (LMDI) method is used to decompose changes in country level CO2 emissions into contributing factors representing carbon intensity, energy intensity, economic activity, and population. The analysis is conducted for a group of 19 major countries (G19) which form the core of the G20. For the G19, as a group, the increase in CO2 emissions post-financial crisis was less than the increase in CO2 emissions pre-financial crisis. China is the only BRICS (Brazil, Russia, India, China, South Africa) country to record changes in CO2 emissions, carbon intensity and energy intensity in the post-financial crisis period that were lower than their respective values in the pre-financial crisis period. Compared to the pre-financial crisis period, Germany, France, and Italy also recorded lower CO2 emissions, carbon intensity and energy intensity in the post-financial crisis period. Germany and Great Britain are the only two countries to record negative changes in CO2 emissions over both periods. Continued improvements in reducing CO2 emissions, carbon intensity and energy intensity are hard to come by, as only four out of nineteen countries were able to achieve this. Most countries are experiencing weak decoupling between CO2 emissions and GDP. Germany and France are the two countries that stand out as leaders among the G19.

scholarly journals Decomposition of Carbon Dioxide (CO2) Emissions in ASEAN Based on Kaya Identity

2021 ◽  
Vol 4 (2) ◽  
pp. 101-114
Author(s):  
Vivid Amalia Khusna ◽  
Deni Kusumawardani
Keyword(s):  
Co2 Emissions ◽  
Economic Activity ◽  
Energy Intensity ◽  
Carbon Intensity ◽  
Middle Income ◽  
Middle Income Countries ◽  
Brunei Darussalam ◽  
Asean Countries ◽  
Carbon Dioxide Co2 ◽  
Kaya Identity

ASEAN is a region with high carbon dioxide (CO2) emissions, accompanied by an increase in population, gross domestic product (GDP) and energy consumption. Population, GDP, and energy consumption can be linked to CO2 emissions through an identity equation called the Rich Identity. This research is based on Kaya identity to describe CO2 emissions to calculate the impact of population, economic activity, energy intensity and carbon intensity on CO2 emissions in ASEAN and 8 ASEAN countries (i.e., Indonesia, Malaysia, Singapore, Thailand, Philippines, Vietnam, Myanmar and Brunei Darussalam) from 1990 to 2017. The method used is the Logarithmic Mean Division Index (LMDI). The data used are from the International Energy Agency (IEA) and the World Bank. Four effects measured and main findings showed that population, economic activity and carbon intensity factor increased by 293.02 MtCO2, 790.0 MtCO2, and 195.51 MtCO2, respectively. Meanwhile, energy intensity effect made ASEAN's CO2 emissions decrease by 283.13 MtCO2. Regarding contributions to the increase in CO2 emissions in all ASEAN countries, the population effect increases CO2 emissions in all countries in ASEAN and the economic activity effect is also the same, except in Brunei Darussalam which makes CO2 emissions in this country decreased by 1.07 MtCO2. Meanwhile, the effects of energy and carbon intensity are different. The effect of energy intensity causes CO2 emissions in lower-middle income countries to decrease, while in upper-middle and high-income countries, it increases carbon emissions. In contrast to the effect of carbon intensity, that actually makes CO2 emissions increase in lower-middle income countries and reduces carbon emissions in upper-middle and high-income countries.

Three-Dimensional Decomposition Models for Chinese Manufacturing Subsector over 1996-2008

2013 ◽  
Vol 291-294 ◽  
pp. 3004-3013
Author(s):  
Ding Ma ◽  
Li Ning Wang ◽  
Wen Ying Chen
Keyword(s):  
Energy Intensity ◽  
Three Dimensional ◽  
Ghg Emissions ◽  
Carbon Intensity ◽  
Emissions Reduction ◽  
Country Level ◽  
Rapid Economic Growth ◽  
Decomposition Models ◽  
Energy And Climate Policy ◽  
The Impact

At a time of increased international concern and negotiation for GHG emissions reduction, country studies on the underlying effects of GHG growth gain importance. China experienced continuous, rapid economic growth over the past. At the same time, energy consumption and CO2 emissions increased rapidly while the energy intensity and carbon intensity showed a downward trend at country level. What factors were driving this change? What measures can be adopted to ensure the continual decrease of energy intensity and carbon intensity? The refined IDA method is employed in this paper to identify the impact of each factor. A year-by-year decomposition is carried out at sector level, and various interesting results on the underlying effects are found. The results yield important hints for the planning of energy and climate policy.

scholarly journals Decomposition Analysis of CO2 Emissions for Turkey and Iran over 1990-2010

2014 ◽  
Author(s):  
Hasan Rüstemoğlu ◽  
Sevin Uğural
Keyword(s):  
Co2 Emissions ◽  
Scale Effect ◽  
Energy Intensity ◽  
Decomposition Analysis ◽  
Carbon Intensity ◽  
Composition Effect ◽  
Economic Sectors ◽  
Intensity Effect ◽  
The World ◽  
Laspeyres Index

There exists an important awareness for reduction of CO2 emissions to obtain a sustainable world. Together with this, there is a great deal of interest for decomposition analysis to see the accelerating and decelerating factors of CO2 emissions. The aim of this project is to decompose CO2 emissions in economic sectors for the two superpowers of Middle East, Iran and Turkey, over the time period between 1990 and 2010, for Turkey obtained a rapid growth performance in recent years and Iran which is the energy superpower of the world. Refined Laspeyres Index decomposition method and a consistent data gathered from the World Bank’s and UN’s databases have been used during the analysis. Five main sectors (agriculture, manufacturing, transportation, construction and other service sectors) and four main impacts (scale effect, composition effect, energy intensity effect and carbon intensity effect) have been considered to see the increasing and decreasing factors of CO2 emissions. Various interesting results are observed for both of the countries, for each of the economic sectors. Generally scale effect and energy intensity effect are the dominant impacts for all sectors of both countries. However composition effect and carbon intensity effect are also important contributors for economic activities of these two countries. Overall, our analysis showed that these two countries should pay attention for energy intensity and sustainable economic growth.

scholarly journals Using the LMDI Method to Analyze the Change in Greenhouse Gas Emissions in Turkish Sectors

2021 ◽  
Author(s):  
Abdulkadir BEKTAŞ
Keyword(s):  
Co2 Emissions ◽  
Heat Production ◽  
Economic Activity ◽  
Energy Intensity ◽  
Decomposition Analysis ◽  
Manufacturing Industries ◽  
Lmdi Method ◽  
Gaseous Fuels ◽  
Turkish Economy ◽  
Determining Factors

In this study, CO2 emissions of the Turkish economy are decomposed for the 1998–2017 period for four sectors; agriculture, forestry and fishery, manufacturing industries and construction, public electricity and heat production, transport, and residential. The analyses are conducted for five fuel types; liquid, solid, gaseous fuels, biomass, and other fuels. In decomposition analysis, Log Mean Divisia Index (LMDI) method is used. The analysis results point out that energy intensity is one of the determining factors behind the change in CO2 emissions, aside from economic activity. The fuel mix component, especially for the manufacturing industries and construction sector, lowers CO2 emissions during the crisis periods when the economic activity declines. Mainly, it is found that changes in total industrial activity and energy intensity are the primary factors determining the changes in CO2 emissions during the study period. Among GDP sectors, manufacturing industries and construction and public electricity and heat production are the two sectors that dominate the change in CO2 emissions. Additionally, the residential and transport sectors’ contributions have gained importance during recent years. Among the manufacturing industries and construction, the non-metallic minerals sector contributes to CO2 emissions, followed by the chemicals sector.

scholarly journals Contagion of the shareholder market: cases of Colombia, México, Perú, Chile and Argentina

2019 ◽  
Vol 18 ((1)) ◽  
Author(s):  
Marcos Vera Leyton
Keyword(s):  
Financial Crisis ◽  
Stock Market ◽  
Time Window ◽  
Sum Of Squares ◽  
Conditional Correlation ◽  
Cumulative Sum ◽  
Crisis Period ◽  
Dynamic Conditional Correlation ◽  
Highly Sensitive ◽  
Before And After

This document study the existence of financial crisis contagion, it defined like the transmission of the shocks between countries, which translates in increasing in the correlation anything beyond or fundamental link, taking as a source of contagion by EEUU, Brasil, and analyzing Mexico, Colombia, Peru, Chile and Argentina like “Infected” countries, for the period covered between July 3 of 2001, date of unification of the Colombia Stock Market, to July 3 of 2010. To identify crisis period, and to evoid volatility overestimation, it used the algorithm iterative cumulative sum of squares ICCS, developed by Inclan y Tiao (1994), additionally calculated the dynamic conditional correlation (DCC) Engle Model (2002). The document includes a review of several studies, concepts, and transmission (Contagion) methodologies, and it constitutes one of the few studies that includes Colombia like analysis source.  So this study verifies the existence of contagion in the countries studies, except Argentina, but warns that the measure of impact that a crisis in a given country has over other countries is highly sensitive to the way we choose the time window before and after the crisis.

scholarly journals Long-Term Increases and Recent Slowdowns of CO2 Emissions in Korea

2020 ◽  
Vol 12 (17) ◽  
pp. 6924
Author(s):  
Wankeun Oh ◽  
Jonghyun Yoo
Keyword(s):  
Co2 Emissions ◽  
Energy Intensity ◽  
Decomposition Analysis ◽  
Carbon Intensity ◽  
Analysis Model ◽  
Economic Sectors ◽  
Support Strategies ◽  
Index Decomposition ◽  
End Use

Korea is one of the fastest-growing CO2-emitting countries but has recently experienced a dramatic slowdown in emissions. The objective of the study is to examine the driving factors of long-term increases (1990–2015) and their slowdown (2012–2015) in emissions of Korea. This study uses an extended index decomposition analysis model that better fits Korea’s emission trends of the last 25 years by encompassing 19 energy end-use sectors (18 economic sectors and a household sector) and three energy types. The results show that emission increases in the long term (1990–2015) come from economic growth and population growth. However, improvements in energy intensity, carbon intensity, and economic structure offset large portions of CO2 emissions. The recent slowdown (2012–2015) mainly resulted from a decline in energy intensity and carbon intensity in the economic sectors. Among the different energy types, electricity has played a significant role in decreasing emissions because industries have reduced the consumption of electricity per output and the source of electricity generation has shifted to cleaner energies. These results imply that the Korean government should support strategies that reduce energy intensity and carbon intensity in the future to reduce CO2 emissions and maintain sustainable development.

scholarly journals Impact of Financial Crisis on Textile Industry in Pakistan

2012 ◽  
Vol 4 (7) ◽  
pp. 409-416 ◽  
Author(s):  
Faisal Abbas ◽  
Muti Ur Rehman . ◽  
Aslam Perviz .
Keyword(s):  
Financial Crisis ◽  
Textile Industry ◽  
World Wide ◽  
Return On Equity ◽  
Crisis Period ◽  
Earnings Per Share ◽  
The World ◽  
Before And After ◽  
Profitability Ratios ◽  
Textile Sector

The aim of study is to analyze the performance of Textile sector in Pakistan covering the pre–crisis period, post crisis period and period of crisis as well. For this purpose data were collected from overall textile sector from available sources for the period of five years. According to the most of the analysts, financial crisis 2008-09 is serious one after the world wide great depression of 1930’s. The analyses have been conducted on the basis of financial ratios (Profitability, liquidity and activity). The profitability ratios such as returns on assets were affected by financial crisis because returns on asset were decreased in crisis period as compared to cover pre and post crisis and same is the situation of return on equity that was also affected by financial crisis. The earnings per share are also reduced in financial crisis period because before and after crisis earning per share was positive but negative in crisis. The liquidity of this sector was also affected by financial crisis. Turnover of the assets also proved that assets were poorly managed by textile sector in financial crisis period. The results showed that the performance of textile sector had been better in pre-crisis and post-crisis while it was bad during crisis period.

CASH HOLDINGS WITH THE PRECAUTIONARY MOTIVE AMONG KOREAN CHAEBOL AND NON-CHAEBOL FIRMS: A QUANTILE REGRESSION APPROACH

2015 ◽  
Vol 60 (05) ◽  
pp. 1550047 ◽  
Author(s):  
YONG-SEOK CHOI ◽  
INSIK MIN
Keyword(s):  
Financial Crisis ◽  
Quantile Regression ◽  
Cash Flow ◽  
Cash Holdings ◽  
Cash Holding ◽  
Sample Period ◽  
Crisis Period ◽  
Regression Approach ◽  
Before And After ◽  
Precautionary Motive

Using a quantile regression approach with a sample of Korean firms, this paper empirically investigates whether cash holding behaviors with the precautionary motive are different between Chaebol and non-Chaebol firms and they have changed before and after the financial crisis. We obtain the following empirical results. First, for non-Chaebol firms, the precautionary motive plays an important role in determining cash holdings throughout the sample period. In contrast, there is no empirical evidence supporting that Chaebol firms hold cash with the precautionary motive in the pre-crisis period: This motive becomes important only in the post-crisis period. Second Chaebol firms’ cash holdings with the precautionary motive are different from those of non-Chaebol firms in the pre-crisis period, but not in the post-crisis period. These imply that after experiencing financial crisis, Chaebol firms’ cash holding strategy has been changed substantially in a way to become more cautious in dealing with cash flow (CF) volatility.

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