Research Publications
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Publication Embargo Impact of economic growth, energy consumption, and trade openness on carbon emissions: evidence from the top 20 emitting nations(Taylor and Francis Ltd., 2025) Methmini, D; Dharmapriya, N; Gunawardena, V; Edirisinghe, S; Jayathilaka, R; Wickramaarachchi, Che study focuses on the top 20 carbon emission-increasing nations across continents from 2000 to 2021 and the effects of gross domestic product, energy consumption, and trade openness on carbon emissions. The study uses a panel dataset and multiple linear regression analysis to pinpoint the significant factors influencing each nation's carbon emissions. The findings indicate that China, Kazakhstan, Saudi Arabia, and South Korea in Asia; Algeria, Egypt, Morocco, and the Seychelles in Africa; Antigua and Barbuda, Bolivia, Chile, and Panama in America; Albania, Belarus, Lithuania, and Russia in Europe; and Fiji, Samoa, Tonga, and Vanuatu in Oceania have a highly significant impact on carbon emissions in their respective regions. Energy consumption significantly increases carbon emissions in all countries except Panama and Kazakhstan, where it only significantly impacts GDP-related carbon emissions. These insights lay the groundwork for policymakers to prioritise sustainable development, reduce carbon emissions in their decision-making processes, and establish comprehensive strategies that reconcile ecological concerns with socioeconomic goals by understanding the intricate dynamics between gross domestic product, energy use, trade openness, and carbon emissions.Publication Open Access Impact of economic growth, energy consumption, and trade openness on carbon emissions: evidence from the top 20 emitting nations(Taylor and Francis, 2024-07-08) Methmini, D; Dharmapriya, N; Gunawardena, V; Edirisinghe, S; Jayathilaka, R; Wickramaarachchi, CThe study focuses on the top 20 carbon emission-increasing nations across continents from 2000 to 2021 and the effects of gross domestic product, energy consumption, and trade openness on carbon emissions. The study uses a panel dataset and multiple linear regression analysis to pinpoint the significant factors influencing each nation’s carbon emissions. The findings indicate that China, Kazakhstan, Saudi Arabia, and South Korea in Asia; Algeria, Egypt, Morocco, and the Seychelles in Africa; Antigua and Barbuda, Bolivia, Chile, and Panama in America; Albania, Belarus, Lithuania, and Russia in Europe; and Fiji, Samoa, Tonga, and Vanuatu in Oceania have a highly significant impact on carbon emissions in their respective regions. Energy consumption significantly increases carbon emissions in all countries except Panama and Kazakhstan, where it only significantly impacts GDPrelated carbon emissions. These insights lay the groundwork for policymakers to prioritise sustainable development, reduce carbon emissions in their decision-making processes, and establish comprehensive strategies that reconcile ecological concerns with socioeconomic goals by understanding the intricate dynamics between gross domestic product, energy use, trade openness, and carbon emissions.Publication Open Access Towards a greener future: examining carbon emission dynamics in Asia amid gross domestic product, energy consumption, and trade openness(Springer Nature, 2024-02-10) Dharmapriya, N; Edirisinghe, S; Gunawardena, V; Methmini, D; Jayathilaka, R; Dharmasena, T; Wickramaarachchi, C; Rathnayake, NThe purpose of this study is to examine the impact of gross domestic product, energy consumption, and trade openness on carbon emission in Asia. Among the 48 countries in Asia, 42 were included in the analysis, spanning a period of 20 years. Given that Asia is the predominant contributor, accounting for 53% of global emissions as of 2019, a comprehensive examination at both continental and individual country levels becomes imperative. Such an approach aligns with local, regional, and global development agendas, contributing directly and indirectly to climate change mitigation. The analytical techniques employed in this study encompassed panel regression and multiple linear regression, illuminating the specifc contributions of each country to the study variables and their impact on carbon emissions. The fndings suggest that gross domestic product (13 out of 42 countries), energy consumption (21 out of 42 countries), and trade openness (eight out of 42 countries) have a highly signifcant impact (p<0.01) on carbon emissions in Asia. Energy consumption plays a vital role in increasing carbon emissions in Asia, driven by rising populations, urbanisation, and oil and gas production. Policymakers can take several actions such as adopting a carbon pricing system, using sustainable transportation, renewable energy development,and international cooperation within Asia to reach the goal of being carbon neutral by 2050.