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The triplet dynamics of carbon emission, economic complexity, and income inequality: Perspectives from a global panel study

Ye, Z; Zhu, Y; (2021) The triplet dynamics of carbon emission, economic complexity, and income inequality: Perspectives from a global panel study. In: Proceedings of the UK-China Workshop on Energy and Climate Change Economics. : UCL Institute of Education (IOE). Green open access

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Abstract

The article analyzed a triplet link between carbon emission, economic development, and income inequality. Carbon neutrality, or even reductions, have often been viewed as costly economic endeavor, and carbon inequality is shown to have link with income inequality. Here we show through a global panel data set that carbon emission can be reduced without costing economic growth or inequality. The research utilized the Economic Complexity Index (ECI) and the indicators of inequality to illustrate a triplet dynamic linked to carbon emission. The findings suggest an optimized route for the carbon neutrality based on certain stylized development trajectories which highlight the co-existence of Veblen and Pareto effects, suggesting that policy makers need to be fully aware in designing a carbon neutral national economic development strategy

Type: Proceedings paper
Title: The triplet dynamics of carbon emission, economic complexity, and income inequality: Perspectives from a global panel study
Event: UK-China Workshop on Energy and Climate Change Economics 2021
Location: UCL
Dates: 03 December 2021 - 04 December 2021
Open access status: An open access version is available from UCL Discovery
Publisher version: https://www.ucl.ac.uk/bartlett/construction/events...
Language: English
Additional information: This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions.
Keywords: Carbon neutrality, economic complexity, income inequality, Veblen effect, Pareto improvement
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment
URI: https://discovery-pp.ucl.ac.uk/id/eprint/10140386
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