Macro-Regional Analysis of the Carbon Intensity of the Economy

Abstract

Achieving the Sustainable Development Goals formulated by the UN is one of the priorities of modern economic policy. At the same time, its implementation should take into account the macro-regional specifics. Without this kind of accounting, due to the emerging imbalances, it will not be possible to ensure the sustainability of development. One of the components of sustainable development is the decarbonization of the economy. The purpose of the study: macro-regional analysis of the mutual impact of energy consumption, carbon dioxide emissions and economic growth trends. At a time when ensuring sustainable economic growth is an important task of economic policy, improving energy efficiency turns out to be a key factor in reducing carbon emissions. Research methods: dynamics analysis, structure analysis, methods of comparative analysis and generalization. The article studies the dynamics of changes in the carbon intensity of GDP on the example of two countries with the largest economies — the United States and China. The analysis showed that macro-regions with a high level of technological development manage to reduce carbon dioxide emissions more intensively, while ensuring economic growth.

Keywords

• macro-regional analysis
• economic growth
• carbon intensity of gdp
• decarbonization of the economy