Considerable focus has been expressed by the academicians and environmentalists in designing and accessing environmental factors and policies to reduce GHGs and avoid climate change. However, the amount of carbon emissions has been significantly rising over the past decade and literature suggests ever-rising carbon emissions, which are global in nature, are acknowledged as the primary cause of environmental problems. This is worse for low-income and middle-income economies due to their primary focus on economic growth and trade, and scarcity of resources available for investing in environmental-friendly practices. Despite the increase in emissions, there is lack of literary consensus on the impact of education, employability and international trade on carbon emissions. On one hand, literature states that education and trade openness would encourage technology, efficiency, and reduce resource utilization, and thus improve environmental quality. However, it is also believed that trade openness and education can increase environmental costs in developing economies. This study analyzes the relation between human capital and physical capital on carbon emissions among the different income group of nations. The Panel data is collected for 30 years from 1990 to 2019 to examine the role of trade, human capital, and physical capital on carbon emissions. Following current literature, the study tests the hypothesis that trade openness, physical capital and human capital enhances carbon emissions in developing economies.

Authors:
Shikhar Kumar, University of Delhi, India
Preety Sharma, University of Delhi, India
Anand Kumar, University of Delhi, India

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Posted by James Alexander Gordon

Last updated: 2023-02-23 23:45:00

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