Examining the Interlinkage between CO2 Emissions and Inclusive Human Development: Unveiling the Significance of Effective Institutions

Alanda Venter () and Roula Inglesi-Lotz
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Alanda Venter: Department of Economics, University of Pretoria, Private Bag X20, Hatfield 0028, South Africa

No 202334, Working Papers from University of Pretoria, Department of Economics

Abstract: Climate change is one of the most significant market failures transpiring and hampering human development progress. Government intervention is required to correct this market failure to avoid catastrophic repercussions. The UNDP indicated climate change has become a ``defining human development issue of our generation" (United Nations Development Program, 2022). Given the threat that climate change poses to human development, it is imperative to find effective ways to mitigate its targeted effects on human development. The study investigates how institutions might assist in reducing the harmful impacts of emissions on human development. Utilizing panel data analysis as the methodological foundation this study uses 36 countries for the time period 2003 to 2018. The results indicate that institutions can be a robust instrument in modulating climate change effects.

Keywords: Climate Change; Institutions; Emissions; Institutional Quality; Inclusive Human Development; Inequality (search for similar items in EconPapers)
Pages: 28 pages
Date: 2023-11
New Economics Papers: this item is included in nep-agr, nep-ene and nep-env
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