Urbanization, Public Finance and Carbon Intensity – Based on Panel Data and Error Correction Model


  •  Shih-Feng Tsai    

Abstract

Aiming at six big emerging economies in the world, namely, China, United States, United Kingdom, Germany, France and Japan, this paper analyzes their carbon emission conditions based on the data of carbon emission, energy consumption and economic development during 1970—2008 from the statistics in the World Development Index Database (WDI) of the World Bank, and carries out empirical analyses based on theories & policies and driving factors of their low carbon economy. It is found that energy intensity, economic growth and urbanization progress exert more remarkable influences on carbon intensity, and the effect of carbon emission reduction depending on government fiancé is not sustainable. Thus, this paper is intended to explain that China needs more actively promoting green sustainable towns with its sustainable development, and developing urban low carbon industries and buildings for more civilized ecological towns.


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