June 26, 2023

Climate agreements and carbon intensity: Towards increased production efficiency and technical progress?

Dozens of studies point to evidence of significant reductions in carbon emissions driven by climate agreements, such as the Paris climate agreement. However, these studies fail to answer a pertinent question, that is, are global carbon emission reductions due to reduced production activities or are production processes becoming more efficient as less carbon is emitted per unit output due to technical progress? Such an understanding is important to evaluate the tension between environmental quality and economic growth. 

This journal was first published on Science Direct by David Iheke Okorie and Presley K. Wesseh Jr

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