Opportunity analysis and evaluation of PES-like instruments for nature conservation in Flanders (Belgium)

Previous researches on economic recession mainly focus on economics and finances, fewer studies discuss the impact of economic recession on carbon emissions. In this study, we employ panel regression and other advanced methods, to comprehensively investigate the impact of economic recession on carbon emissions among 157 economies all around the world, during the years 1960-2013. Findings show that: the first, generally speaking, de-carbonization begins one year before the recession, and keeps de-carbonized until three years after the recession.
However, most of the recessions are only relatively de-carbonized, absolute de carbonization are rarely seen; the second, economic recession is the most essential determinates to de-carbonization; lastly, the correlations for developing economies are significant than developed counterparts, and the reduced income caused by recession is a major factor to de-carbonization. We contribute to a further understanding of the impact of economic recession on carbon emissions under various quantitative approaches.