Growth, Coal and Carbon Emissions: Economic Overheating and Climate Change

We use a comprehensive database of 121 countries over the 1971-2016 period to study how macroeconomic factors drive carbon (carbon-dioxide) emissions. For this purpose, dynamic panel regressions are estimated. Carbon emissions rise with economic development, manufacturing activity, urbanization and increasingly growth. In electricity generation, coal, lesser degree oil, is associated higher emissions, while renewable energy already lower national in advanced economies. also uncover non-linearity: overheating particularly harmful when coal more intensive. The results suggest that mitigating cycles might reduce