Carbon footprints and economics growth : a study of the Philippines CO2 emissions

Abstract

CO2 emissions in every country is a known problem especially in developing countries in the South East Asia. Philippines is considered to be one of the major contributors of CO2 and the economic growth of the country is affected because of the CO2 and greenhouse gases. This study aims to determine how much CO2 emissions can affect the economic growth of the country in terms of the CO2 emissions from household, transportation, industry and agriculture. The data used in this study sourced from the World Bank – World Development Indicators from the year 1971-2014. The study used the Ordinary Least Square (OLS) in determining which factors has a significant effect on the CO2 emissions in the Philippines. Results have shown that manufacturing, agriculture, and transportation has a significant effect towards CO2 emissions in the Philippines. These determinants have p-values lower than the 5% significance level. New policy and preventive measures on CO2 can help lessen the CO2 emissions as well as governments help and suggestion. The study suggests for the decrease of material usage that emits greenhouse gases (GHG), lessen the factors that emits CO2, and conducting further research on how to greatly mitigate carbon footprints. Keywords: CO2 Emissions, Economic Growth, Household, Transportation, Industry, Agriculture