«Problems of economics and management of oil and gas complex»

Comparison of the convergency of energy and carbon output dynamic series of the world's macro-regional economies

UDC: 338.2
DOI: 10.33285/1999-6942-2022-9(213)-42-47

Authors:

¹ Trofimuk Institute of Petroleum Geology and Geophysics SB RAS, Novosibirsk, Russia
² Novosibirsk State University, Novosibirsk, Russia

Keywords: energy output of the economy, carbon output of GDP, convergence, convergence, macro-regions, countries of the world, Kyoto Protocol, Paris Agreement

Annotation:

The article studies the dynamics of energy and carbon output of the countries’ economies. The general tendencies of their change are revealed based on the basis of using methodological approaches to the theory of convergence. It is shown that the intensity of reducing the economy’s energy output in the developed countries is significantly inferior to the intensity of the developing countries. At the same time, presence of beta-convergence of the economy’s output dynamic series is revealed in nine out of 10 macro-regions, the absence of beta-convergence in the period under consideration was observed only in the Middle East. Also, the presence of beta- and sigma-convergences for the dynamic series of the carbon output of the countries’ economies was determined, which indicates a in interregional inequality reduction by this indicator due to the intensification of measures to decarbonize the economy, taken at the state level in most macro-regions. The carbon output convergence acceleration during the time period of the Kyoto Protocol and the Paris Agreement (2008–2020) action compared to the time-period of the Kyoto Protocol action (1990–2007) was revealed.

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