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Convergence of CO2 emissions and economic growth in the OECD countries: did the type of fuel matter?
Istanbul Kemerburgaz University.
Umeå University, Faculty of Social Sciences, Department of Economic History.
2017 (English)In: Energy Sources, Part B: Economics, Planning, and Policy, ISSN 1556-7249, Vol. 12, no 5Article in journal (Refereed) Epub ahead of print
Abstract [en]

This study analyzes convergence in CO2 emissions in the OECD countries with respect to the source of emissions (oil versus coal). The investigated period 1973-2010 is divided into two sub-periods, 1973-1991 and 1992-2010. The first period covers the OPEC oil price shocks, where the OECD oil policy was to a high extent governed by energy security concerns and cold war strategic considerations. The second period corresponds to the end of the cold war and the rise of climate policy in several OECD countries. Due to such contextual differences, oil and coal behave differently in the two sub-periods. The generally stronger convergence with respect to oil-related emissions until 1991 conditional on GDP per capita is compatible with a situation where the rising oil prices led to a strong transformation in the countries of interest. Besides, we evidence decoupling of economic growth from oil-related emissions in the post-cold war period.

Place, publisher, year, edition, pages
Taylor & Francis, 2017. Vol. 12, no 5
Keyword [en]
carbon convergence, coal, OPEC crisis, oil
National Category
Economic History
Research subject
Economic History; Economics
Identifiers
URN: urn:nbn:se:umu:diva-130414DOI: 10.1080/15567249.2016.1249807OAI: oai:DiVA.org:umu-130414DiVA: diva2:1066857
Projects
Carbon Convergence: Driving Forces and Policy Implications”, Project carried out at the Center for Environmental and Resource Economics (CERE), Umeå University, Sweden, funded by Swedish Energy Agency (01.12.2011- 31.12.2014)
Available from: 2017-01-19 Created: 2017-01-19 Last updated: 2017-04-06

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf