Does Environmental Diplomacy Reduce CO2 Emissions? A Panel Group Means Analysis

32 Pages Posted: 9 Jun 2020

See all articles by Guo Li

Guo Li

Beijing Institute of Technology - School of Management & Economics

Abdulrasheed Zakari

Beijing Institute of Technology

Vincent Tawiah

Griffith University; University of Mysore - Department of Commerce; University of Cape Coast; Dublin City University Business School

Date Written: March 12, 2020

Abstract

We examine the impact of environmental diplomacy on a country’s carbon emission level. Specifically, we test if the signing of environmental treaties yielded positive responses in CO2 emission. We employ common correlated effects mean group models on panel data of 76 developed and developing countries for over 35 years. Our analysis indicates that environmental diplomacy reduces CO2 emissions for developing countries in the short run. However, the results of FMOLS in the long-run estimates indicate that developed and developing countries do not adhere to treaty requirements as CO2 emissions increases with more treaties. Overall, our results imply that the signing of environmental treaties is likely to be mere international diplomacy that yields no result on climate change. We suggest that countries should fulfill their obligation under treaties rather than engage in annual rituals of signing treaties.

Keywords: CO2 emissions, environmental diplomacy, energy consumption, treaties

Suggested Citation

Li, Guo and Zakari, Abdulrasheed and Tawiah, Vincent, Does Environmental Diplomacy Reduce CO2 Emissions? A Panel Group Means Analysis (March 12, 2020). Available at SSRN: https://ssrn.com/abstract=3585106 or http://dx.doi.org/10.2139/ssrn.3585106

Guo Li

Beijing Institute of Technology - School of Management & Economics ( email )

Beijing, 100081
China

Abdulrasheed Zakari (Contact Author)

Beijing Institute of Technology ( email )

School of Management and Economics
Center for Energy and Environmental Policy Researc
Beijing, 0000
China

Vincent Tawiah

Griffith University ( email )

PMB 50
Gold Coast Queensland 9726
Australia

University of Mysore - Department of Commerce ( email )

Mysore
India

University of Cape Coast ( email )

PMB, UCC, GHANA
Department of English
Cape Coast, Central Region
Ghana

HOME PAGE: http://ucc.edu.gh

Dublin City University Business School ( email )

Dublin 9
Ireland

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