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Deep mitigation for trade-embodied carbon emissions among the Belt and Road Initiative countries
Lina Zhang1, Weichao Zhao1, Yung-Ho Chiu2
1Business School, Hohai University, Nanjing 211100, China.
Iscience
|August 26, 2024
Summary
Trade along the Belt and Road Initiative (BRI) boosts economies but increases carbon emissions. This study reveals rising emissions, identifies manufacturing as a key sector, and suggests efficiency improvements to mitigate environmental impact.
Area of Science:
- Environmental Economics
- Sustainable Development
- International Trade
Background:
- Belt and Road Initiative (BRI) trade drives economic growth.
- BRI trade expansion has led to increased carbon emissions.
- Understanding trade-embodied carbon emissions is crucial for sustainability.
Purpose of the Study:
- To analyze trade-embodied carbon emissions patterns and inter-sectoral linkages within BRI countries (2015-2019).
- To assess the carbon emission efficiency of key sectors using a dynamic data envelopment analysis model.
- To explore the roles of efficiency enhancement and carbon inequality in emission mitigation.
Main Methods:
- Multi-regional environmental input-output analysis framework.
- Dynamic data envelopment analysis (DEA) model incorporating carbon inequality.
- Analysis of trade-embodied carbon emissions data from 2015-2019.
Main Results:
- Trade-embodied carbon emissions within the BRI showed a steady increase from 2015 to 2019.
- The manufacturing sector was identified as the primary contributor, with an average carbon emission efficiency of 0.6268 and significant disparities.
- Efficiency enhancement positively impacts carbon emission mitigation, while carbon inequality has a negative moderating effect.
Conclusions:
- Optimizing collaboration and initiatives among BRI countries is essential for mitigating trade-embodied carbon emissions.
- Improving sector-specific carbon emission efficiency can significantly reduce environmental impact.
- Addressing carbon inequality is vital for effective emission reduction strategies within the BRI framework.
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