Greenhouse Gas Emission Efficiencies of World Countries

Greenhouse gas emissions have increased rapidly since the industrial revolution. This has led to an unnatural increase in the global surface temperature, and to other changes in our environment. Acknowledging this observation, the United Nations Framework Convention on Climate Change started an international environmental treaty. This treaty was extended by Kyoto protocol, which was adopted on 11 December 1997. Using the stochastic frontier analysis, we analyze the efficiencies of countries in terms of achieving the lowest greenhouse gas emission levels per GDP output in the years between 1990-2015. We find that the average greenhouse gas emission efficiencies of world countries for the time periods 1990-1997, 1998-2007, 2008-2012, and 2013-2015 are 82.40%, 90.37%, 89.54%, and 84.81%, respectively. Moreover, compared to the 1990-1997 period, 92.50%, 79.51%, and 59.84% of the countries improved their greenhouse gas emission efficiencies in the 1998-2007, 2008-2012, and 2013-2015 periods, respectively. Hence, the Kyoto protocol helped in increasing greenhouse emission efficiency. However, this efficiency-boosting effect faded away over time.