Work

The Role of Technology in Emission Reduction Effect of Carbon Pricing: A Predictive Approach

Year: 2025

Type: article

Abstract: We employ a predictive approach to assess the combined effects of carbon pricing and technological advancements on the predictability of carbon emissions. Our model, which integrates both carbon pricing and technological innovation, demonstrates remarkable accuracy in forecasting emissions. The strength of our findings—supported by both in-sample and out-of-sample forecasts across various time horizons—suggests that the synergistic effects of carbon pricing and technological progress could be crucial for substantially reducing global CO 2 emissions.

Source: Asian Economics Letters

DOI: 10.46557/001c.144081

Authors: Adegboyega A. Oyediran, Ojonimi Umaru, Blessing O. Idakwoji, Hitlar Inedu, Silas I. Abu

Institution: Kogi State University

Language: English

Topic: Climate Change Policy and Economics

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Climate action, Industry, innovation and infrastructure

Open Access status: diamond

OpenAlex ID: W4416428987