FACTOR ANALYSIS OF THE CO2 EMISSIONS IN THE UNITED STATES WITH IMPLICATIONS FOR THE ENVIRONMENTAL POLICY
Journal: JOURNAL OF SOCIAL SCIENCES RESEARCH (Vol.7, No. 3)Publication Date: 2015-06-15
Authors : Olen Dias; Alexander Vaninsky;
Page : 1360-1371
Keywords : CO2 emissions; Environmental policy; Generalized Divisia Index; Kaya identity; Factor analysis; Cluster analysis; Typology;
Abstract
This paper applies the Generalized Divisia Index to decompose the CO2 emissions into eight components and uses the Factor Analysis to determine their clusters - the combinations of related components that play the leading role. Economic analysis of these clusters allows for the determination of the main? drivers of the CO2 emissions. As a case study, we used the data of the United States from 1950 through 2040 separated into three periods: 1950 - 1980; 1981 -? 2012, and 2013 - 2040, each characterized by a specific type of socioeconomic development: industrial, post-industrial, and information, respectively. Data for the last period are projections. As a result, we got an insight into the typology of the CO2 emissions and obtained recommendations on environmental policy aimed at their mitigation.
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