| dc.description.abstract | In light of the increasing economic progress and globalization, the increase in
CO2 emissions has become a worrying issue, directly affecting climate change and the
living environment. Concerns regarding CO2 emissions are beginning to rank highly not
only in developed economies but also in developing nations. However, there are few
studies looking at how economic factors affect CO2 emissions in developing countries, and
few papers considering the period until 2022. Therefore, this study focuses on the link
between economic indices and carbon dioxide emissions in 110 developing countries
between 2007 and 2022. Using the panel data regression model, the interesting findings of
this research show that economic growth, financial development, and international trade
have significant positive correlation on carbon dioxide emissions. These variables also
strongly support Environment Kuznets Curve theory and Pollution-Haven Hypothesis.
Notably, FDI has a statistically insignificant negative effect in the group of countries
studied and support the Pollution-Halo Hypothesis. From there, policies are suggested to
draw more capital to the development of renewable energy sources; offer investors with
details information about the connection between environmental preservation and
economic expansion; and implement environmental protection strategies to lower
emissions in the developing market in the direction of sustainable growth. | en_US |
