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- Title
Low-carbon economy modeling through triple bottom line framework.
- Authors
Sun, Weiqing; Yin, Xingkuan
- Abstract
This study focuses on establishing a low-carbon economic model across 20 developing Asian economies using the triple bottom line (TBL) framework. Analyzing annual data from 2000 to 2021 reveals key insights. The Consumer Price Index (CPI) significantly impacts the Green Growth Index (GGI), with a 1% CPI increase associated with a 0.48% long-term and 0.36% short-term GGI decrease. Increased foreign direct investment (FDI) acts as a deterrent to GGI motivation, with a 1% rise linked to a 0.32% long-term and 0.25% short-term GGI decrease. Social variables show nuanced impacts, while environmental factors highlight carbon footprint as a barrier and forest land surface as a motivator. Recommendations include adopting a TBL-informed approach, addressing inflation, promoting sustainable FDI, prioritizing social development, and implementing measures to curb carbon emissions, alongside encouraging afforestation and conservation initiatives.
- Subjects
ECONOMIC conditions in Asia; FORESTS &; forestry; FOREIGN investments; ECONOMIC models; CARBON emissions
- Publication
Economic Change & Restructuring, 2024, Vol 57, Issue 3, p1
- ISSN
1573-9414
- Publication type
Article
- DOI
10.1007/s10644-024-09693-y