Relationship of Economic Growth and CO2 Emissions in the Philippines: An EKC Hypothesis Testing Case Study

摘要

This study examined the growth-environment nexus in the Philippines to know if economic growth may help reduce CO2 emissions. Results suggest that it is possible if the country reaches a threshold income of around 2,904 billion (in constant 2010 US$). Given the need to peak the country’s emissions to promote economic growth, policy makers might consider diversifying the Philippines’ current energy portfolio with cleaner options. Energy efficiency policies are also a way to decrease CO2 emissions without limiting economic growth.