Accurate and efficient daily carbon emission forecasting based on improved ARIMA

Weiyi Zhong, Dengshuai Zhai, Wenran Xu, Wenwen Gong, Chao Yan, Yang Zhang and Lianyong Qi

Applied Energy, 2024, vol. 376, issue PA, No S0306261924016155

Abstract: Major nations across the globe are increasingly concerned about the rising trends in carbon dioxide (CO2) emissions, particularly in societies of varying scales. Against this backdrop, precise prediction of carbon emissions becomes critically important, especially for the formulation and adjustment of near-term carbon reduction policies. However, the non-linear, non-stationary, and complex nature of daily carbon emission data poses a great challenge for daily-level forecasting especially in the big data context. To address this issue, we propose a novel composite forecasting approach named DCEF dedicated to the estimation of daily carbon emissions. In concrete, our approach employs the Empirical Mode Decomposition (EMD) for data stabilization and the Auto-regressive Integrated Moving Average (ARIMA) model for forecasting, while integrating the Truncated singular value decomposition(TSVD) technique for data compression and mitigating noise. Finally, DCEF is empirically validated with real daily carbon emission datasets collected from 6 sectors in 13 countries of varying sizes. Experimental results demonstrate the advantages of our approach compared to other baseline models in terms of prediction accuracy and efficiency.

Keywords: Daily CO2 emissions; ARIMA; TSVD; EMD; Hybrid prediction model (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0306261924016155
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:appene:v:376:y:2024:i:pa:s0306261924016155

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/405891/bibliographic
http://www.elsevier. ... 405891/bibliographic

DOI: 10.1016/j.apenergy.2024.124232

Access Statistics for this article

Applied Energy is currently edited by J. Yan

More articles in Applied Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().