Carbon permits price and real emissions

This research examined trends in total greenhouse gas (GHG) emissions and GHG per capita of 120 countries across four continents from 2016 to 2022. It also investigated the impact of changes in countries’ emissions on carbon pricing (CP) prices. The findings revealed a significant increase in CP prices, while the world’s total GHG emissions rose modestly. The study highlighted the influence of both total GHG and GHG per capita on CP prices, with the latter exerting a stronger influence. The research also identified China as the most polluted country, followed by the USA and India. Notably, only the USA managed to reduce its total GHG emissions, while China and India increased theirs. From a regional perspective, Africa and Asia experienced significant increases in total GHG emissions, while European and North American countries saw slight decreases. Our analysis underscores the importance for countries to be early adopters of green energy technology in order to benefit from the economies of scale associated with this innovative technology before other nations, thereby achieving a long-term advantage in the energy industry.