Impact of Income Inequality on CO₂ Emissions

—Empirical Evidences from 60 Countries between 2005 and 2019

DOI

10.2991/978-94-6463-441-9_61How to use a DOI?

Keywords

income inequality; carbon emissions; economic development; environmental pollution; aging

Abstract

Since the 21st century, income inequality and carbon emissions have become huge challenges for countries around the world. Based on the panel data of 60 countries from 2005 to 2019 as samples, this paper analyzes the impact of income inequality on CO2 emissions using the moderating effect model. Not only it analyzes the moderating effect of opening degree, foreign investment level, and economic structure in the impact of income inequality on CO2 emissions, but it also classifies and studies the heterogeneity of population aging and economic development. The results show that the increase in income inequality will inhibit CO2 emissions. This inhibition will weaken with the improvement of the opening degree, but it will strengthen with the improvement of foreign investment and the increase of manufacturing share. According to the age structure, income inequality has a restraining effect on CO2 emissions when the country is in the aging stage, while the restraining effect is not obvious for countries not in the aging stage. Further, according to different income levels, it is found that the impact of income inequality and CO2 emissions in low and middle-income countries is not obvious. Income inequality will promote CO2 emissions in upper middle-income countries, while it will decrease CO2 emissions in high-income countries.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Yufei Xie
PY  - 2024
DA  - 2024/06/21
TI  - Impact of Income Inequality on CO₂ Emissions
BT  - Proceedings of the 2023 International Conference on Economic Management，Financial Innovation and Public Service (EMFIPS 2023)
PB  - Atlantis Press
SP  - 712
EP  - 735
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-441-9_61
DO  - 10.2991/978-94-6463-441-9_61
ID  - Xie2024
ER  -