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The purpose of this report is to assess whether a country's carbon dioxide CO2 emissions depended on the economic development level of the country. The Environment Kuznets curve hypothesis was to be tested in principle. The influence of the dummy variables was also tested…
The average World Carbon Dioxide Emissions were 4.53 metric tones/capita in 2005. United States of America ranked first then with average emissions of 19.54 metric tones/capita followed by Canada, Russia and UK. Developing countries like India and China lagged at the tail end then.
The Fourth Assessment Report of Intergovernmental Panel on Climate Change concluded among other things that "warming of the climate system is unequivocal" and that "anthropogenic warming over the last three decades has likely had discernible influence at the global scale on observed changes in many physical and biological systems." The report also stated that human activities have significant impact on climate change.
The Gross Domestic Product is one of the primary indicators calculated to assess the health of a country's economy. It representsthe total dollar value of all goods and services produced over a specific time period. According to the Environment Kuznets hypothesis, environmental pressure increases faster than the income in the early stages of development and slows down relative to GDP growth as higher income levels are reached. The EKC proposes that indicators of environmental degradation first rise, and then fall with increasing income per capita.
There are views supporting and criticizing this theory. ...
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