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Forecasting Carbon Dioxide Emission and Sustainable Economy: Evidence and Policy Responses

Author

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  • Phatchapa Boontome

    (Division of Energy Management Technology, School of Energy, Environment and Materials, King Mongkut s University of Technology Thonburi, 126 Pracha Uthit Road., Bang Mod, Thung Khru, Bangkok,10140, Thailand)

  • Apichit Therdyothin

    (Division of Energy Management Technology, School of Energy, Environment and Materials, King Mongkut s University of Technology Thonburi, 126 Pracha Uthit Road., Bang Mod, Thung Khru, Bangkok,10140, Thailand)

  • Jaruwan Chontanawat

    (Division of Social Sciences and Humanities, School of Liberal Arts, King Mongkut s University of Technology Thonburi, 126 Pracha Uthit Road., Bang Mod, Thung Khru, Bangkok,10140, Thailand)

Abstract

Forecasting CO2 emissions have been of importance as it could help the government to improve energy policies and plans. In this paper, we forecast the future carbon dioxide emission (CO2) through estimating the short and long-run causal correlation between CO2 emission, economic growth (Y), oil price (OP), consumption of renewable (RE), energy (E) in Thailand for the period 1990-2016 using autoregressive distributed lag approach. The result indicates that in the long term, consumption of renewable, energy and oil price (OP) increase of 1% each decrease CO2 emission by 5.66%, 14.73% and 5.07% respectively. The result of forecasting CO2 emission base on variance decompositions found that in the future next 14-year decrease CO2 emission 30.17%, which is higher than the target set to reduce CO2 emissions by 20-25% within 2030 year. The country should be adjust the structure of energy use to reduce pollution.

Suggested Citation

  • Phatchapa Boontome & Apichit Therdyothin & Jaruwan Chontanawat, 2019. "Forecasting Carbon Dioxide Emission and Sustainable Economy: Evidence and Policy Responses," International Journal of Energy Economics and Policy, Econjournals, vol. 9(5), pages 55-62.
    • Handle: RePEc:eco:journ2:2019-05-9
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    References listed on IDEAS

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    More about this item

    Keywords

    Forecasting; Carbon dioxide emission; Variance Decomposition;
    All these keywords.

    JEL classification:

    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q47 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy Forecasting
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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