Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 3rd International Conference on Business and Policy Studies
Series Vol. 67 , 05 January 2024
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The Impact of Carbon Emission and Carbon Price on International Trade Volume
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Abstract
In recent years, environmental issues have become an international focus, under the influence of global climate change, greenhouse effect is becoming more severe with each passing day. Therefore, it is urgent to control greenhouse gas emissions and improve the quality of the ecological environment by reducing carbon emissions. However, in the context of the current low-carbon economy, the environmental costs of enterprises are bound to rise, which will inevitably have a more serious impact on enterprises and the national economy. This article will mainly focus on how low carbon economy policies affect a country's international trade over a given period of time based on a concrete example. Regarding the methodology, chose the object to be India's carbon related data which are carbon intensity, carbon emission and carbon price in the period 1990-2020. And mainly based on the regression model using excel. The results of the study show that the Carbon Intensity and Carbon emissions are positively correlated with International Trade while the Carbon Price is negatively correlated. The volume of India’s International Trade will grow steadily as it moves towards Low-Carbon Economy policy. In summary, moving towards low carbon economy can increase the sustainability of international trade and reduce trade risks, while also creating more trade opportunities for countries, especially in the areas of environmental protection.
Keywords
Low carbon economy, international trade, foreign trade enterprises
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 3rd International Conference on Business and Policy Studies
- ISBN (Print)
- 978-1-83558-265-7
- ISBN (Online)
- 978-1-83558-266-4
- Published Date
- 05 January 2024
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/67/20241251
- Copyright
- 05 January 2024
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited