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Functionalization and Dispersion of Carbon Nanomaterials Using an Environmentally Friendly Ultrasonicated Ozonolysis Process
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The road to decarbonization in Australia. A Morlet wavelet approach
Olivier Joseph Abban1, Yao Hong Xing1, Alina Cristina Nuta2
1School of Finance and Economics, Jiangsu University, Zhenjiang, 212013, PR China.
Journal of Environmental Management
|June 27, 2024
Summary
Transitioning to renewable energy and technological innovation significantly reduces carbon emissions in Australia. This shift is crucial for achieving sustainable development and a low-carbon economy.
Area of Science:
- Environmental Science
- Energy Economics
- Climate Change Studies
Background:
- Sustainable development hinges on renewable energy adoption and technological advancement.
- Understanding the interplay between energy sources, innovation, and carbon emissions is vital for Australia's environmental goals.
Purpose of the Study:
- To analyze the impact of renewable energy consumption and technological innovation on carbon emissions in Australia.
- To identify temporal and frequency variations in these relationships using advanced wavelet methods.
Main Methods:
- Utilized the Morlet wavelet approach, including wavelet correlation, continuous wavelet transforms, and partial/multiple wavelet coherence.
- Analyzed data spanning from 2000 to 2021 for Australia.
Main Results:
- Non-renewable energy, globalization, and economic growth show a positive correlation with carbon emissions across all scales.
- Renewable energy consumption and technological innovation demonstrate a negative correlation with carbon emissions.
- Non-renewable energy drives CO2 emissions from short to long term, while renewable energy mitigates them.
Conclusions:
- Increasing renewable energy in the energy mix is key to curbing long-term CO2 emissions.
- Achieving sustainable development requires a transition to a low-carbon economy focused on renewables, energy efficiency, and carbon capture technologies.
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