Carbon Footprint Of Industries Research Articles

SUSTAINABILITY IN TEXTILES: A CRITICAL REVIEW OF ECO – FRIENDLY PRACTICES AND MATERIALS

Sustainability in textiles, focusing on eco-friendly practices and materials. The paper examines the multifaceted approaches adopted by the fashion industry to mitigate environmental impact and promote ethical production. It scrutinizes the adoption of eco-conscious practices, such as utilizing organic fibers, recycled materials, and innovative biodegradable textiles. Through an analytical lens, the review evaluates the efficacy of these eco-friendly measures in reducing the industry's carbon footprint, minimizing waste, and conserving natural resources. It delves into the challenges faced in the widespread adoption of sustainable practices, considering issues related to scalability, cost-effectiveness, and consumer adoption. Further more, the review assesses the social and ethical dimensions of sustainable fashion, emphasizing fair labor practices, supply chain transparency, and the empowerment of communities involved in textile production. Drawing upon a comprehensive analysis of scholarly articles, industry reports, and case studies, this review critically examines the progress, limitations, and future prospects of sustainability in fashion and textiles, providing insights for researchers, practitioners, and policymakers in advancing eco-friendly practices within the industry.

Asymmetric relationship between competitive industrial performance, renewable energy, industrialization, and carbon footprint: Does artificial intelligence matter for environmental sustainability?

Developing nations have emerged as integral contributors to the global economy since the beginning of the 21st century. Their swift economic expansion and associated activities lead to a rise in carbon footprint. Keeping this in view, unlike previous studies, this study unfolds the asymmetric repercussions of competitive industrial performance and renewable energy within the context of the industrialization era in seven Asian developing countries from 1990 to 2020. The panel NARDL and asymmetric panel causality methodologies have been applied for the purpose of nonlinear analysis. According to the results, the advantageous influence of competitive industrial performance is considerably more pronounced than that of industrialization. The coefficient magnitude associated with the negative shock demonstrates a significantly substantial value in comparison to the positive shock concerning the influence of competitive industrial performance on carbon footprint. Both positive and negative changes in competitive industrial performance mitigate carbon footprint. Renewable energy generates favorable consequences by promoting environmental quality via a reduction in carbon footprint. Across various emerging economies in Asia, the rapid rise of industrialization is linked to the deterioration of environmental quality. Finally, artificial intelligence and natural resource rents decrease carbon footprints while information and communication technology intensifies environmental concerns. The research emphasizes the critical nature of integrating artificial intelligence, robotics, and technological industrial competitiveness in order to adequately tackle the carbon footprint in Asian developing countries.

Analysis and prediction on carbon emissions from electrical and electronic equipment industry in China

This research employs the IPCC methodology to assess carbon emissions from China's Electrical and Electronic Equipment (EEE) industry for 2012–2020, utilizing the GM (1) model to predict emissions for the next decade. Six scenarios evaluate emissions, guiding strategies for reduction. Key findings reveal the usage phase as the highest emitter, while WEEE dismantling incurs the lowest. In 2020, emissions from production, sales, transportation, usage, recycling transportation, dismantling, and recycling were projected. Scrapping imported EEE from 2012 to 2020 results in 1.88 million tons of emissions. Projected 2030 emissions, under current policies or low-carbon measures, are 136 million tons and 72 million tons, respectively. Urgent actions, especially in Extended Producer Responsibility (EPR) and stakeholder roles, are essential. The study advocates for consumer awareness on energy conservation and reducing dependence on imported products. Manufacturing emissions highlight the need for eco-design, emphasizing sustainable practices. Recycling and dismantling phases also contribute emissions, necessitating optimized routes and advanced technologies. In addition, the study explores the potential for carbon reduction by incorporating the organic combination of carbon trading markets, evaluating the carbon emission reduction potential of recycling enterprises. The proposal suggests replacing government subsidies with the sale of carbon credits, not only to stimulate companies to actively promote green dismantling but also to address the current inadequacy of subsidies. Establishing a comprehensive life cycle management system is crucial to minimizing the EEE industry's carbon footprint and promoting a sustainable future.

Sustainable Performance of Recycled Rubber and Mining Waste Utilized for Efficient Rail Infrastructure

AbstractUtilizing waste byproducts from mining industries and recycled rubber as alternate materials in railway tracks promotes sustainability of transportation infrastructure, while also increasing track longevity by reducing ballast degradation. This paper provides an overview of two such applications including (i) rubber-intermixed ballast stratum (RIBS) by replacing 10% ballast aggregates with granulated rubber particles with the particle sizes carefully selected according to Australian Standards, (ii) synthetic energy absorbing layer using a mixture of steel furnace slag, coal wash and rubber crumbs to replace traditional capping layer. These materials when tested using large-scale triaxial apparatus and field trials proved that tracks with waste materials performed better than the conventional ballasted tracks by reducing ballast breakage and exploiting the higher damping potential of these materials. Though the vertical deformations of the track slightly increased by using these materials albeit within the specified standards, the overall stability improved by reduced dilation and track vibrations. Increasing the life of ballast layer can lead to long-term cost benefits by saving millions of dollars in track maintenance and provide environment benefits through minimizing quarrying of natural rock aggregates and reducing the carbon footprint of mining industries.

Fly Ash from Coal Power Plants and its Application - a Step Towards Green Building

The utilization of fly ash, a byproduct from thermal power plants, in construction materials such as concrete, mortar, bricks, asphalt mixes, and binders for stabilization offers significant environmental and economic benefits. This comprehensive technical review delineates the historical background, current applications, and future potential of fly ash in reducing the construction industry's carbon footprint, particularly in Serbia. It outlines the successful integration of fly ash in various construction scenarios, emphasizing its role in enhancing material properties while contributing to sustainability by repurposing industrial waste. The document further explores the environmental advantages of fly ash use, highlighting its impact on lowering the carbon emissions associated with traditional cement and aggregate production. Through a detailed comparison of carbon footprints, the text argues for the adoption of fly ash in construction practices as a pathway towards achieving a carbon-neutral future. The discussion on the variable CO2 footprint of fly ash, influenced by production methods, underlines the importance of optimizing these processes to fully leverage its environmental benefits. This review underscores the need for the construction industry to embrace fly ash as a key component in materials, aiming for both performance improvement and sustainability, aligning with global efforts towards a CO2-neutral environment.

Sustainable utilization of alkali-activated steel slag material: Effects of silicate modulus and GBFS on fresh, mechanical and pore structure properties

To improve the sustainable utilization of alkali-activated steel slag material, experiments were conducted to systematically investigate effects of sodium silicate modulus and GBFS content on the setting time, workability, mechanical properties and pore structure of alkali-activated steel slag cementitious material. Results show that the setting time is prolonged and workability is reduced as silicate modulus increases. The setting time is first shortened and then prolonged and workability is slightly reduced as GBFS content increases. Increasing silicate modulus and adding GBFS have positive effects on the development of elastic modulus, compressive and splitting tensile strength of alkali-activated steel slag material due to more refined pore structure. The highest compressive strength at 28 d can reach C35 strength level. Manufacturing alkali-activated steel slag material can achieve low energy consumption and carbon emission. If chemical activators can be replaced by some industrial wastes, cost, energy consumption and carbon footprint will be further decreased.

European Society of Anaesthesiology and Intensive Care consensus document on sustainability: 4 scopes to achieve a more sustainable practice.

Climate change is a defining issue for our generation. The carbon footprint of clinical practice accounts for 4.7% of European greenhouse gas emissions, with the European Union ranking as the third largest contributor to the global healthcare industry's carbon footprint, after the United States and China. Recognising the importance of urgent action, the European Society of Anaesthesiology and Intensive Care (ESAIC) adopted the Glasgow Declaration on Environmental Sustainability in June 2023. Building on this initiative, the ESAIC Sustainability Committee now presents a consensus document in perioperative sustainability. Acknowledging wider dimensions of sustainability, beyond the environmental one, the document recognizes healthcare professionals as cornerstones for sustainable care, and puts forward recommendations in four main areas: direct emissions, energy, supply chain and waste management, and psychological and self-care of healthcare professionals. Given the urgent need to cut global carbon emissions, and the scarcity of evidence-based literature on perioperative sustainability, our methodology is based on expert opinion recommendations. A total of 90 recommendations were drafted by 13 sustainability experts in anaesthesia in March 2023, then validated by 36 experts from 24 different countries in a two-step Delphi validation process in May and June 2023. To accommodate different possibilities for action in high- versus middle-income countries, an 80% agreement threshold was set to ease implementation of the recommendations Europe-wide. All recommendations surpassed the 80% agreement threshold in the first Delphi round, and 88 recommendations achieved an agreement >90% in the second round. Recommendations include the use of very low fresh gas flow, choice of anaesthetic drug, energy and water preserving measures, "5R" policies including choice of plastics and their disposal, and recommendations to keep a healthy work environment or on the importance of fatigue in clinical practice. Executive summaries of recommendations in areas 1, 2 and 3 are available as cognitive aids that can be made available for quick reference in the operating room.

Towards a greener electrosynthesis: pairing machine learning and 3D printing for rapid optimisation of anodic trifluoromethylation

Applying electro-organic synthesis in flow configuration can potentially reduce the pharmaceutical industry's carbon footprint and simplify the reaction scale-up.

Exploring the Significance of Malaysian Consumers' Intentions to Purchase Green Products

The trend toward environmental sustainability is already gaining traction, and it is becoming more common in developed and developing countries. Consumers are becoming more aware of sustainability's importance and making more conscious choices about the products they purchase. The Malaysian Government is also promoting green technology by offering incentives and subsidies to companies producing eco-friendly products, also known as green products. Additionally, the Government is introducing regulations to reduce the carbon footprint of businesses and industries. On the other hand, the Government has signed the SDGs and is struggling to achieve them by 2030. Consumption and production are the primary focus of the 12th Sustainable Development Goal. A limited number of studies have been conducted to investigate the consumers' intentions toward purchasing green products in the Malaysian context, particularly on SDGs. Green products are available in the open markets in Malaysia, but consumers' behaviors and their intentions toward such products are considered low. This study is therefore conducted with the aim to investigate the level of consumers' intention towards purchasing green products. Using a 7-point Likert, 385 valid responses were collected from respondents in Selangor, Perak, and Johor. The study found that Malaysian consumers have a medium level of intentions when it comes to purchasing green products. This could be due to the fact that green products tend to be more expensive than their non-green counterparts, and many people are not willing to pay the extra cost. Also, there could be various factors influencing consumers' intentions to buy green products, which future studies can investigate.

Advancements in low-carbon concrete as a construction material for the sustainable built environment

Researchers seek sustainable materials for eco-friendly cement and concrete to reduce CO2 emissions. This paper offers an extensive overview of the research conducted on concrete technology with minimal to zero-carbon emissions. This review paper reviews materials and technologies for lowering the construction industry's carbon footprint, focusing on alternative binders and supplementary cementitious materials (SCMs). Additionally, the paper explores the transformative potential of carbon capture and utilization technologies for sustainability. It also explored life cycle assessments, economic aspects, and financial implications of this technology. Overall, the review summarizes low-carbon concrete in the context of sustainable development and climate change mitigation. It has been found that substituting SCMs for cement reduces carbon emissions in concrete without compromising strength and durability. Materials such as slag, metakaolin, calcined clay, and limestone can replace clinker, eliminating CO2 emissions in cement production. This study highlights challenges, including market adoption and material availability, offering insights for successful implementation.

Investigating the environmental and economic impacts of using supplementary cementitious materials (SCMs) using the life cycle approach

Concrete production significantly contributes to the construction industry's carbon emissions and resource depletion. Replacing Portland cement with supplementary cementitious materials (SCMs) can improve the sustainability and performance of concrete. However, limited holistic research compares SCMs considering environmental, economic, durability, and strength criteria. This study comprehensively evaluates supplementary cementitious materials (SCMs) in concrete production using life cycle assessment. The SCMs examined were rice husk ash (RHA), sugarcane bagasse ash (SCBA), metakaolin (MK), and trass. The study quantified CO2 emissions, cost, compressive strength, and service life of concrete mixes with these SCMs and compared them to ordinary Portland cement concrete. The findings reveal that the 15 % metakaolin replacement sample had the best overall performance. It reduced CO2 emissions of one m3 of concrete per year of service life by 83 % and costs of one m3 per year by 78 % compared to ordinary concrete. The metakaolin concrete also increased the compressive strength by 25 % and extended the service life from 8 to 43 years in a marine environment. Among the SCMs, RHA demonstrated a 90 % reduction in CO2 emissions per service life year and unit compressive strength compared to ordinary concrete. SCBA had the highest cost due to high production requirements. Trass offered a 44 % decrease in CO2 emissions per service life year and unit compressive strength. The results highlight metakaolin's optimal balance between sustainability and performance. The reduced CO2 emissions demonstrate SCMs' potential to lower the construction industry's carbon footprint. The study offers original data and insights to enable greener and lower carbon concrete production using supplementary cementitious materials.

Assessment of building materials in the construction sector: A case study using life cycle assessment approach to achieve the circular economy

The construction sector plays a significant role in contributing to greenhouse gas (GHG) emissions, necessitating effective and practical solutions. This study addresses the underutilization of Life Cycle Assessment (LCA) in the construction sector and demonstrates its benefits as a decision-making tool for mitigating embodied carbon. The research focuses on a G+2 building in Dubai, UAE, conducting LCA during the construction phases to assess embodied carbon levels. Results indicate that the careful selection of construction materials and involvement of LCA at the early stages of construction resulted in a 26 % reduction in the building's embodied carbon. The study recognizes the limitations of LCA but emphasizes its value and recommends future research to enhance its coverage of sustainability aspects. The findings highlight the construction sector's potential to overcome anthropogenic challenges through green solutions. Policymakers' support is crucial for implementing strategies that reduce the construction industry's carbon footprint and embrace a circular economy. The study contributes to the literature by bridging the gap in understanding the application of LCA in construction decision-making. It emphasizes the importance of transitioning to sustainable practices and circularity in the construction sector. By using LCA as a tool, construction professionals can make informed choices to reduce embodied carbon. This study underscores the urgency for adopting greener practices in the construction sector, leading to a more sustainable and low-carbon future.

Industrial Carbon Footprint (ICF) Calculation Approach Based on Bayesian Cross-Validation Improved Cyclic Stacking

Achieving carbon neutrality is widely regarded as a key measure to mitigate climate change. The industrial carbon footprint (ICF) calculation, as a foundation to achieve carbon neutrality, primarily relies on roughly estimating direct carbon emissions based on information disclosed by industries. However, these estimates may not be comprehensive, timely, and accurate. This paper elaborates on the issue of ICF calculation, dividing a factory’s carbon emissions into carbon emissions directly produced by appliances and electricity consumption carbon emissions, to estimate the total carbon emissions of the factory. An appliance identification method is proposed based on a cyclic stacking method improved by Bayesian cross-validation, and an appliance state correction module SHMM (state-corrected hidden Markov model) is added to identify the state of the appliance and then to calculate the corresponding appliance carbon emissions. Electricity consumption carbon emissions come from the factory’s electricity consumption and the marginal carbon emission factor of the connected bus. Regarding the selection of artificial intelligence models and cross-validation technique required in the appliance identification method, this paper compares the effects of 7 cross-validation techniques, including stratified K-fold, K-fold, Monte Carlo, etc., on 14 machine learning algorithms such as AdaBoost, XGBoost, feed-forward network, etc., to determine the technique and algorithms required for the final appliance identification method. Experiment results show that the proposed appliance identification method estimates device carbon emissions with an error of less than 3%, which is significantly superior to other models, demonstrating that the proposed approach can achieve comprehensive and accurate ICF calculation.

The performances and applications of gas turbines in the aviation industry

This paper focuses on using gas turbines in various industries, particularly aviation, due to their unique power-to-weight ratio. It provides a detailed description of how gas turbines operate based on the thermodynamic Brayton cycle, which includes compressors, combustors, and power turbines. Additionally, the paper analyses both ideal and realistic cycles of gas turbines. Despite numerous advantages, gas turbines have limitations, such as high fuel consumption. However, technological advancements have led to the development of more efficient and quieter gas turbines. The paper explains the classification of jet engines, including turbojets, turboprops, and turbofans, each with specific applications. Moreover, the paper discusses the efforts to reduce the use of fossil fuels in aviation due to the increasing awareness of the impact of climate change. Scientists and engineers are exploring substitute fuels and materials and developing gas turbine systems that maximize work generated with minimal combustion; thus, this paper also highlights the importance of developing more efficient and environmentally friendly gas turbines to reduce the industry's carbon footprint while maintaining their productivity.

Identifying critical sectors in the restructuring of low-carbon global supply chains

Based on recent events in the world, global supply chain (GSC) restructuring has become an important issue for industries worldwide. To develop an effective CO2 reduction strategy through GSC restructuring, this study investigated the impacts of GSC restructuring in a specific sector on the industrial global carbon footprint. Through this process, this study developed a scenario-based hypothetical extraction method (HEM) into a practical and flexible framework with a focus on the reasonable scale of relevant GSC restructuring. As a case study, this study applied the practical HEM framework to a global multi-regional input output database in 2014 and estimated the impacts of restructuring major automotive GSCs on CO2 emissions. Based on the results, this study identified the Chinese electrical equipment sector and the Russian basic metals sector, both included in the automotive GSCs as key sectors (i.e., key suppliers) for low-carbon GSC restructuring. These sectors exhibited the largest CO2 reduction effects when targeted for relevant GSC restructuring. Additionally, this study highlighted the practical potential for CO2 reduction based on a reasonable scale of relevant GSC restructuring. Finally, based on the findings, this study discusses how policymakers should formulate trade policies that prioritize intermediate products to promote GSC restructuring toward low-carbon practices and proposes an effective approach to utilize the results as benchmarks for setting CO2 reduction targets or incentives in the context of GSC restructuring.

Anodic Behaviour of NixFeyCu5 and NixFeyCu20 in Potassium-Rich Naf-KF-AlF3-Al2O3 Melts

Using inert anode technology to produce aluminium would substantially reduce the aluminium industry's carbon footprint. Replacing the Hall-Héroult process with an alternative process based on vertical electrode cell (VEC) design using inert anodes and wettable cathodes is a promising alternative, but must be developed to be economically viable at scale. Three material types have been explored as inert anodes: metals, cermets and ceramics. Metallic anodes have been widely studied for their attractive properties, such as superior mechanical strength, high electrical conductivity and ease of fabrication. Of metallic anodes, Cu-Al, Ni-Fe and Ni-Fe-Cu-based alloys are the most commonly examined alloy systems for anode applications. It is also necessary to use low-temperature melts during the electrolysis process to ensure that the anodes are not damaged. In NaF-KF-AlF3 melts, increasing the KF content in the mixture would reduce the liquidus temperature and increase the alumina solubility in the melt.In this work, we examine the anodic behaviour of NixFeyCu5 and NixFeyCu20 electrodes, without prior surface treatment, in potassium-rich NaF-KF-AlF3 melts at 770°C. The cryolite ratio (xNaF+xKF/xAlF3) and potassium ratio (xKF/xKF+xNaF) of the melt used for the studies are 1.3 and 0.7, respectively. Electrochemical techniques such as chronopotentiometry, chronoamperometry and linear sweep voltammetry were performed to examine the anodic behaviour of these metallic anodes under an N2 atmosphere.Figure 1 shows the steady-state anodic polarisation curves on NixFeyCu5 and NixFeyCu20 anodes before and after galvanostatic polarisation with an applied current density of 0.5 Acm-2 for 120 minutes. It can be noted that the anodic potential at the same current density is more for the polarised anode compared to the non-polarised in both cases. This is due to the formation of a stable oxide layer during the galvanostatic polarisation of the anode. Oxidation of the anode is expected instead of fluoridation when the melt is saturated with alumina. The stabilisation of anodic current can be seen between 1.9 and 2.4 V. This stabilisation corresponds to the passivation of anodes due to the oxide layer formation. A rapid increase in the current after 2.4 V is due to the oxygen evolution reaction. The anodic current density in the passive region is much lower in anodes with Cu 20%, meaning a more protective layer is formed. After the galvanostatic polarisation of the anode, anodes were examined using scanning electron microscopy to understand the oxide layer composition. Anodes performed stably in potassium-rich melts, and Cu content plays a vital role in the anode's performance. Figure 1. Stationary state polarisation curves of NixFeyCu5 and NixFeyCu20 anodes before and after the polarisation at 0.5 A cm-2 Figure 1

Performance evaluation of ternary blended cement concrete partially replacement of natural sand with granite quarry dust

Cementitious composites are the most frequently used man-made material, with a 25 billion tonne manufacturing volume and 5% greenhouse gas emissions. Concrete composites release a lot of CO2 into the environment. Thus, replacing concrete composite raw material is a priority. To reduce this industry's carbon footprint, large-scale reuse of industrial byproducts, including Fly Ash (FA), Silica Fume (SF), and Ground Granulated Blast-Furnace Slag (GGBS) in cementitious composites, is growing. This method addresses the waste management for industry byproducts in two ways. The mechanical strength and durability of cementitious composite products with many ingredients must be recognised. This study's major goal is to evaluate high-strength cementitious composites' mechanical strength and durability. FA (20%, 30%, and 40%), SF (5%, 7.5%, and 10%), and GGBS (10%, 15%, and 20%) binder were used to make high-strength cementitious composites. Waste management has developed into a problem for the environment. The illegal and unethical practices involved in mining natural river sand (NRS) have gotten worse. Therefore, by substituting Granite Quarry Dust (GQD) for fine aggregate, the lack of NRS for a building is prevented. GQD was employed to replace natural river sand at different levels of replacement as the fine aggregate phase in 10%, 20%, and 30%. The fresh cementitious composites properties were evaluated, strength properties such as compressive strength, flexural strength, and split tensile strength were also evaluated and additionally, the durability characteristics such as water sorptivity and the Rapid Chloride Permeability Test (RCPT). We shall evaluate it with normal concrete based on the results.

Examining the interactions among smart supply chains and carbon reduction strategies: To attain carbon neutrality

AbstractRapid industrialization and global supply chains have magnified industrial activities' carbon footprint, resulting in environmental hazards. Several countries have magnified their efforts to reach carbon neutrality goals. The increased attention to carbon‐neutral goals has been enabled by United Nations (UN) calls for a carbon‐neutral economy. In this context, supply chains will have greater responsibilities to reduce the network's carbon footprint. To achieve carbon neutrality goals, decision‐makers must be well‐informed and facilitated with suitable theoretical frameworks. In literature, the adoption of intelligent technologies is suggested to construct efficient and smart supply chains. However, there are uncertainties regarding the impact of this transformation on the carbon neutrality goal. The present study caters to the uncertainties by discussing its potential impact on carbon neutrality goals and how to use adopted technologies to achieve the same. A list of 11 potential strategies is identified and modelled to provide a strategic roadmap for smart supply chains' adoption. The proposed framework aims to facilitate carbon neutrality goals. The findings indicate that decision‐makers must pay significant attention to circular economy practices. Additionally, green transportation is an impactful area with significant potential to support carbon neutrality goals. Critical insights have been extracted regarding stakeholders' training and process innovation. The study findings can help decision‐makers achieve carbon neutrality goals.

Properties of the interfacial transition zone in rubberised concrete – an investigation using nano-indentation and EDS analysis

Concrete is the most widely used material in the world after water. Using recycled aggregate derived from waste concrete and end-of-life tyres can significantly reduce the demand for virgin materials and reduce the concrete industry's carbon footprint. Using recycled aggregates may greatly influence concrete's mechanical and other properties. The reduction in strength and stiffness is often attributed to weak bonding between aggregate and cement pastes (weak interfacial transition zone-ITZ). This paper investigates the mechanical and chemical properties of the cement paste and ITZ using statistical nano-indentation technology and X-ray energy dispersive spectroscopy. It is observed that tyre-derived aggregates form weaker bonds with cement paste, and the ITZ has a considerably lower elastic modulus than cement paste. Many nano-pores are found on the tyre-derived aggregate's surface, which may contribute to inferior performance compared to conventional concrete. The study also observes that reducing the water-binder ratio may reduce the number of nano-pores in cement paste and thus improve its mechanical behaviour.

From black gold to green: Analyzing the consequences of oil price volatility on oil industry finances and carbon footprint

This study examines the effect of oil price shocks (OPS) on the financial affairs of the oil industry and carbon releases. The study analyzes the relationships among changes in oil prices, financial variables such as stock prices, and carbon emissions. The findings indicate that OPS significantly impacts the financial affairs of the oil industry, particularly in the short term. Furthermore, the study shows that OPS impacts carbon releases in the long run, suggesting that a decrease in oil usage could lead to a decrease in carbon releases. The study contributes to the ongoing debate on the connection between energy prices and carbon releases. It provides insights that could inform policymakers and industry stakeholders in their efforts to achieve sustainability and mitigate climate change. The empirical analysis is based on a panel data set that covers 12 countries over the period 2000–2020. We use a vector error correction model (VECM) to measure the prolonged and brief-term connection amid oil prices, financial indicators of the oil industry (i.e., stock prices, dividends, and profits), and carbon emissions. The results indicate that OPS has a significant and adverse impact on the financial affairs of the oil industry, as they lead to lower stock prices, dividends, and profits. Moreover, OPS positively impacts carbon emissions, suggesting that higher oil prices incentivize oil companies to increase production and exploration activities, resulting in higher carbon emissions. These findings have important policy implications, highlighting the need for policymakers to implement measures that encourage the oil industry to transition towards cleaner and sustainable energy sources.