Comparative analysis of CO2 emissions and economic performance in the United States and China:Navigating sustainable development in the climate change era

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外文摘要：Economic growth has brought a global climate change into the spotlight,and CO2 emissions demonstrate significant challenges in reducing environmental shifts worldwide.Globally,the United States and China contribute the largest amount of CO2 emissions.The purpose of this study is to examine the relationship between different types of CO2 emissions and economic growth by using a modeling approach.We ana-lyze total CO2 emissions,coal CO2 emissions,oil CO2 emissions,the global share of coal CO2 emissions,the global share of oil CO2 emissions,and economic growth.This study provides unique insights into how to simultaneously reduce CO2 emissions and sustain economic growth.A bootstrap autoregressive dis-tributed lag(BARDL)simulation method is utilized to examine the long-and short-run effects of predic-tors on CO2 emissions.Coal CO2 emissions are found to have a significant positive effect on economic growth in the short run but a negative impact on economic growth over the long run in the United States.The United States needs to implement stronger measures to balance coal CO2 emissions with eco-nomic growth for sustainable development.In contrast,oil CO2 emissions have positive effect for China in both the long run and short run.Thus,China can continue to reduce CO2 emissions from oil while main-taining positive economic growth.The China's policies promoting cleaner energy alternatives can be adapted and implemented to maintain a balance between economic growth and carbon reduction.The study has valuable insights for policymakers seeking to balance economic growth with carbon reduction strategies.It emphasizes the need to better understand the complex relationship between CO2 emissions and economic growth.

外文关键词：

CO2 emissionSustainable developmentClimate changeUnited StatesChinaBARDL

作者：

Khalid Mehmood、Syed Tauseef Hassan、Xuchun Qiu、Shahid Ali

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作者单位：

Institute of Environmental Health and Ecological Security,School of the Environment and Safety Engineering,Jiangsu University,Zhenjiang,Jiangsu 212013,China

Department of Trade and Finance,Faculty of Economics and Management,Czech University of Life Sciences Prague,Kamycka 129,Praha,ZIP 16500,Czechia

School of Economics and Management,Anhui Polytechnic University,Wuhu 241000,China

Jiangsu Collaborative Innovation Center of Technology and Material of Water Treatment,Suzhou University of Science and Technology,Suzhou 215009,China

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基金：

National Natural Science Foundation of China

项目编号：

42350410448

出版年：

2024

DOI：

10.1016/j.gsf.2024.101843