Research on Factors Influencing Global Carbon Emissions and Forecasting Models

Ruizhi Ji ()
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Ruizhi Ji: Department of Financial Technology, School of Economics and Finance, Xi’an Jiaotong University, Xi’an 710049, China

Sustainability, 2024, vol. 16, issue 23, 1-17

Abstract: Investigating the determinants of global carbon emissions and developing carbon emission models are essential to meet the 2050 carbon neutrality goal. This paper initially examines the primary factors shaping global carbon emissions over the past two decades, employing case studies and panel data analysis. Subsequently, a CNN-LSTM carbon emissions prediction model is established using data from Hebei Province, China, spanning from 2005 to 2022. This study reveals that global carbon emissions are predominantly affected by elements such as population, economic growth, industrial activities, energy consumption, environmental conditions, and technological advancements. By incorporating these variables, the CNN-LSTM model proposed in this research significantly enhances the average relative accuracy of carbon emission forecasts, thereby contributing substantially to global efforts in energy conservation and emission reduction.

Keywords: climate change; carbon emissions; economic activity; emission reduction strategy; modeling predictions (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:16:y:2024:i:23:p:10782-:d:1539749

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