Advances in Economics, Management and Political Sciences

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Proceedings of the 3rd International Conference on Business and Policy Studies

Series Vol. 67 , 05 January 2024


Open Access | Article

The Impact of Carbon Emission and Carbon Price on International Trade Volume

Tianhao Mao * 1
1 University College London

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 67, 7-11
Published 05 January 2024. © 05 January 2024 The Author(s). Published by EWA Publishing
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.
Citation Tianhao Mao. The Impact of Carbon Emission and Carbon Price on International Trade Volume. AEMPS (2024) Vol. 67: 7-11. DOI: 10.54254/2754-1169/67/20241251.

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

1. Qiao, CX. 2021, An empirical study on the influencing factors of economic growth in Beijing, (Bohai Rim economic outlook, vol. 1), pp. 73-74.

2. He, S. 2023, Study on the Impact of Low Carbon Economy on the Development of International Trade and Strategies, (Investment and Entrepreneurship, vol. 34), no. 4, pp. 168-170.

3. Xu, F. 2022, Impact of the low-carbon economy on the development of international trade. Trade show Economy, vol. 11, pp. 69-71.

4. He, H. 2021, Study on the Impact of Low Carbon Economy on International Trade Rules and China's Countermeasures, (Heilongjiang Grain, vol. 9), pp. 45-46.

5. Zhou, J. 2020, Impact of the evolving global low-carbon economy on international trade, (Hebei Enterprises, vol. 11), pp. 73-74.

6. Chen, X. 2013, Formation of new barriers to international trade in the context of a low-carbon economy and effective responses to them, (Modern Economic Information, vol. 15), pp. 188.

7. Chen, M. X. 2023, Study on the impact of the low-carbon economy on the development of international trade, (SME Management and Technology, vol.11), pp. 160-162.

8. Yu, H. 2013, Study on the Impact of Carbon Tariffs on China's Export Trade, (Qingdao University).

9. Guo, Y. J. 2020, Analyzing the Impact of Low-Carbon Economy on International Trade Rules and China's Countermeasures, (Modernization of shopping malls, vol. 8), pp. 73-74.

10. Wang, Y. 2023, Study on the Impact of Global Value Chain Embeddedness on Carbon Emission Intensity of China's Manufacturing Industry. (Anhui University of Finance and Economics).

11. Yang, G. X. 2022, Study on the Impact of Carbon Prices on the Export Competitiveness of the Coverage Industry in China. (Wuhan College).

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

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