Determinants of Carbon Dioxide Emissions in Central Asian Countries During the Period from 1992 to 2019

Abstract

The importance of climate change became a prior issue for each country in the world. It has direct effect on standards of living and economic stability of any country, as it negatively affects the environmental state. It is established that in most countries economic growth and its key determinants are significantly contributing to the carbon dioxide emissions. Therefore, the aim of this paper is to define determinants of CO2 emissions for Central Asian countries, which are Kyrgyzstan, Kazakhstan, Tajikistan, Turkmenistan, and Uzbekistan during the period from 1992-2019. Random Generalized Least Squares estimation methods are utilized. It is expected that the key variables which are energy consumption, GDP per capita and urbanization have positive statistically significant effect on carbon dioxide emissions level.