ANALYSIS OF CARBON EMISSIONS BEFORE AND AFTER INTERVENTION: DIFFERENCE IN DIFFERENCE BASED EVIDENCE FROM EMERGING ECONOMIES

Abstract

The pre and post treatment of CO2 in E-7 countries is investigated in this study. Data from WDI and UNDP were collected from 1991 to 2022. Utilizing the Difference in Difference methodology, the study found that intervention helps in reduction of CO2 emissions in the selected treatment group of emerging seven economies compared with the control group. Economic Growth, Population, manufacturing exports, HDI and GFCF all contributed to carbon emissions while renewable energy use mitigated carbon emissions. It is recommended that the government of the selected economies may focus on the adoption of advanced technologies to combat carbon emissions. Furthermore, it is also suggested that economic expansion may also be channelized as per environmental regulations and the masses must be aware of the promotion of sustainable practices.