The Impact of Energy Consumption and Economic Globalization on CO2 Emissions

Murni Asliyana

Abstract


CO2 emissions continue to increase due to excessive energy consumption, which impacts the environmental quality and continues to decline. This study aims to analyze the effect of energy consumption and economic globalization on CO2 emissions represented by Group of Eight member countries. The analysis was carried out using the multiple linear regression method, namely panel data from 2017-2021. The analysis results show that the Fixed Effect Model is the chosen model in this study. Based on the t-test, it is known that gross domestic product and globalization have a negative effect on CO2 emissions. At the same time, the variable that has a positive influence on CO2 is energy consumption.

Keywords


CO2 Emissions, Energy Consumption, GDP, Globalization

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References


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DOI: https://doi.org/10.30596/miceb.v1i0.245

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