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The essential role of climate policy uncertainty in carbon emissions: a fresh insight

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A Correction to this article was published on 17 May 2024

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Abstract

This study assesses the influence of climate policy uncertainty (CPU) on carbon emissions (CE) against the backdrop of economic policy uncertainty (EPU) in the US. The wavelet analysis provides a comprehensive understanding of correlations in the time and frequency domains. The results demonstrate a significant correlation between CPU and CE, which varies across different time periods and frequencies. In the time domain, the results indicate that the CPU and CE move together during certain subperiods. Moreover, there are observable comovements in the frequency domain, particularly in the short to medium range. However, the correlation becomes stronger in the short term when there is no EPU, suggesting a closer interaction between CPU and CE. Therefore, it is crucial for governments to prioritize improving the clarity, credibility, and consistency of climate policies. They should also consider potential economic shocks when designing these policies.

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Funding

This work was financially supported by the Research on High Quality Development of Capital Sports Industry in the New Era “(21YTC044)”

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Authors and Affiliations

  1. College of Finance, Dongbei University of Finance and Economics, Dalian, Liaoning, China

    Chuhao Wang

  2. Chinese Academy of International Trade and Economic Cooperation, Beijing, China

    Yu Wence

  3. Qingdao Hengxing University of Science and Technology, Qingdao, China

    Khalid Khan

Authors
  1. Chuhao Wang
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  2. Yu Wence
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  3. Khalid Khan
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Contributions

Chuhao Wang, writing and idea, editing and empirical analysis; Yu Wence, editing and empirical analysis; Khalid Khan, data curation, editing, writing.

Corresponding author

Correspondence to Khalid Khan.

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Responsible Editor: Ilhan Ozturk

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The original online version of this article was revised: In the 2nd affiliation, “Beijing, Shandong” is incorrect. It should be “Beijing, China”. The Funding number “21YTC oOn4 H4” is incorrect, the correct number is “21YTC044”.

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Wang, C., Wence, Y. & Khan, K. The essential role of climate policy uncertainty in carbon emissions: a fresh insight. Environ Sci Pollut Res 31, 35666–35677 (2024). https://doi.org/10.1007/s11356-024-33614-1

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