Abstract

Carbon emissions in countries in the “Belt and Road Initiative (BRI)” account for more than half of the world’s total volume. According to the international energy agency report, the world transportation industry carbon emissions in 2015 came second on the list for the proportion of global carbon emissions across all industries, accounting for 23.96% of the total. Along with the advancement of the BRI construction, transportation industry carbon emissions will continue their rapid growth. Therefore, studying the factors affecting the carbon emissions of the transportation industry in countries in the BRI is conducive to the formulation of policies to control carbon emissions. In this paper, the CO2 emissions of the transportation industry in countries in the BRI line from 2005 to 2015 were measured, and then the influencing factors of 57 countries in the BRI were analyzed by using the panel data model. The results show that per capita GDP, urbanization level, and energy consumption structure have positive effects on the carbon emissions of transportation industry, while technology level and trade openness have negative effects on carbon emissions of the transportation industry. Therefore, in order to effectively control the carbon emissions of the transportation industry in the BRI countries, it is necessary to reasonably control the transportation industry carbon emissions caused by urbanization, optimize the energy consumption structure of the transportation industry, optimize the structure of the transportation industry, and improve the openness of trade and the technical level of the BRI countries.

Highlights

  • As an important part of modern service industry, the transportation industry is a high energy consumption industry and a large carbon emitter in the national economic system

  • Carbon emissions is the general term of greenhouse gas emissions, expressed in carbon dioxide equivalent (CO2 eq), including carbon dioxide, nitrous oxide, freon, and methane, of which carbon dioxide emissions account for 60% of the total greenhouse gas emissions, so it is the main greenhouse gas causing global warming, having been studied by most scholars

  • For every 1% increase in technology level, carbon emissions of the transportation industry will be reduced by 0.2182%

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Summary

Introduction

As an important part of modern service industry, the transportation industry is a high energy consumption industry and a large carbon emitter in the national economic system. Regarding the research on influencing factors, Danish et al studied the relationship between transport energy consumption, economic growth, foreign direct investment, and carbon dioxide emissions in urban transport sector in Pakistan [2]. Lu et al analyzed and calculated the total factor productivity and carbon emission efficiency of the transportation industry in Eastern China, and believed that the transportation industry in most provinces and cities still has a large space for energy conservation and emission reduction [24]. A comprehensive review of the existing studies shows that countries in the BRI pay great attention to low-carbon development, and study the relationship between relevant factors and carbon emissions from different time spans, regional scope, and professional fields, providing many references and ideas for the realization of global carbon emission reduction. This paper intends to use the transnational panel data to calculate the carbon emissions of the transportation industry of the countries in the BRI, and use the econometric model to analyze the influencing factors of the carbon emissions of the countries in the BRI, and put forward suggestions to control the carbon emissions of the transportation industry

Model Assumption
Data Source and Data Processing
Explained Variables and Their Data Sources
Explanatory Variables and Their Data Sources
Model specification
Panel Data Unit Root Test Results
Co-Integration Test Results of Panel Data
Panel Model Setting
Panel Model Regression Result
Empirical Analysis
Conclusions
Findings
Policy Suggestions

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