Low Carbon Transition in Emerging Economies: Climate Policy, Carbon Pricing and the Effect on Employment

This book investigates the economic impacts of possible climate change policies in emerging economies, focusing on Turkey's transition to a low-carbon economy. It develops an econometric vector autoregression (VAR) model to analyze key data sets and argues that time series analysis is the best-fitting approach to estimate the impacts of climate change policies. The results are compared with similar data from other emerging economies to identify potential common policy solutions.

Format: Hardback
Length: 180 pages
Publication date: 15 September 2023
Publisher: Taylor & Francis Ltd

Many emerging economies are at the forefront of the devastating impacts of global warming, including desertification and extreme weather events. However, for historical and political reasons, these countries often pursue ambitious growth targets with seemingly little regard for climate change and environmental degradation. In order to meet the necessary mitigation targets and transition to a low-carbon economy, Turkey must introduce policies that promote low-carbon investments, green jobs, and low-carbon employment more broadly. This book investigates the economic impacts of potential climate change policies in Turkey to help achieve these goals.

To reach net-zero targets by 2050 in compliance with the Paris Agreement, Turkey must implement policies that encourage low-carbon investments, green jobs, and low-carbon employment. This book explores the empirical evidence on the effectiveness of a carbon pricing mechanism by developing an econometric vector autoregression (VAR) model to analyze key data sets. This time series analysis provides insights on a macro level, dealing with aggregate data in which the role and complexity of microinterferences disappear, allowing for the discovery of patterns and changes over time. Thus, the book contributes to the literature on methodology by arguing that time series analysis is one of the best-fitting approaches to estimate the possible impacts of climate change policies on an economy.

Additionally, the results of the model are compared and contrasted with similar data from other emerging economies to identify potential common policy solutions between countries at a similar stage of development. This book is essential reading for researchers interested in climate policy, the economics of climate change, and environmental economics.

Weight: 520g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032393520