Environmental Policy and CO2 Emissions: the case of South Asian countries

  • Arzo Sajid
  • Arslan Tariq Rana
  • Waheed Khan
Keywords: CO2 emissions, environmental policies, pollution, SAARC

Abstract

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The policymakers and academics in developing countries are concerned about the increasing pollution these days. One of the main contributors to this issue is CO2 emissions, requiring mechanisms for their reduction. The South Asian Association for Regional Cooperation (SAARC) countries are currently experiencing rapid economic growth, leading to increased CO2 emissions. To address this challenge, various policies have been formulated, with the Environmental Protection Act being a significant initiative within SAARC nations. This study aims to analyze the effectiveness of the Environmental Protection Act in mitigating CO2 emissions and evaluates its indirect role in reducing carbon emissions. By employing the Fixed Effects methodology and using panel data from 1965 to 2019 across four South Asian countries (Bangladesh, India, Pakistan, and Sri Lanka), this study reveals significant findings. The analysis demonstrates a negative correlation between the Environmental Protection Act and CO2 emissions, indicating its effectiveness in mitigating environmental degradation. The study also examines how this policy moderates the influence of other sources of pollution on CO2 emissions. However, it is important to acknowledge the developmental stage of these nations, which may limit their resources in addressing environmental challenges. Consequently, this research highlights the positive impact of implementing environmental policies, such as the Environmental Protection Act, in mitigating pollution and reducing CO2 emissions. It emphasizes the need to maintain and strengthen these policies to promote a healthier environment.

Keywords: CO2 emissions, environmental policies, pollution, SAARC

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Published
2024-06-30
How to Cite
Sajid, A., Rana, A. T., & Khan, W. (2024). Environmental Policy and CO2 Emissions: the case of South Asian countries. Journal of Applied Research and Multidisciplinary Studies, 5(1). https://doi.org/10.32350/jarms.51.01
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Articles