Abstract
Research has proved the significance of forests in controlling carbon emissions, however, our research sheds light on the management of existing forests to combat climate change. To examine the role of forestation and forest investment activities, dynamic spatial techniques are used for 30 provinces of China. The results suggest that forest investment and management not only reduce carbon locally but also in neighboring provinces. Furthermore, the findings of the current study confirmed that forest investment is the most viable practice to control carbon emissions in China instead of just increasing total forest area. Reforms regarding the management of forests would be a good policy for both pollution reduction and employment generation.
Highlights
It is important to mention that from 1960 to 2019, the CO2 emission in China from fossil fuels grew to the highest in the world
Where we find that inverse distance matrix underperformed while we account for marginal likelihood value
The main motivation behind the current study is to investigate the impact of forest area and investment on carbon emissions in China
Summary
It is important to mention that from 1960 to 2019, the CO2 emission in China from fossil fuels grew to the highest in the world. A few studies (including Yunfeng and Laike, 2010; Adewuyi, 2016; Shahbaz et al, 2017; Sarwar et al, 2019) presented some useful measures which can be used to reduce carbon emission by either technological advance or through generating improved income, increasing the purchasing power of individuals and industries so that they can afford to choose expensive eco friendly products. Our proposed measures in terms of forest investment and the management of existing forests to encounter environmental problems are viable solutions that would reduce carbon emission without halting the economic growth or industrial development in the country. Based on studies done by (Sarwar, 2019; Sarwar and Alsaggaf, 2019; Qiu, 2020), our main hypothesis is the significance of forests to solve environmental challenges and climate change
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