Akanksha Singh and Nand Kumar
Abstract
In this study, the time series data of the United Kingdom from 1965 to 2021 for energy usage, total reserves, manufacturing, GDP and total carbon emission have been examined using autoregressive distribution lag (ARDL) model. The results revealed that energy usage, manufacturing and GDP have a positive relation with CO2 emission both in the short run and long run raising environmental concerns on the contrary only total reserves have a negative relation in the short and long run. United Kingdom increasing energy efficiency have been a top priority in the recent era, in order to achieve the target of net zero carbon emission by 2050, government need to promote policies for energy mix which would increase the usage of other renewable energy as the challenges remain for manufacturing and transportation industry because the overall emission from these sector remains largely unchanged despite advancements in fuel efficiency because the results indicates that a percentage increase in energy usage increase the CO2 emission by 0.23% whereas 1% increase in manufacturing leads to 0.25% increase in the CO2 emission.