The Change of Global Temperature Affected by Global Economy

Abstract

Global warming is the most serious environmental problem due to rising temperatures. Previous studies showed CO₂ is the primary greenhouse gas. CO₂ emission is caused by the burning of fossil fuels. Humans pursue industrial growth at the expense of releasing CO₂ into the atmosphere. Economic development is represented by Gross Domestic Product (GDP). The growth of CO₂ emission increases more and more and does not reach the peak. The global temperature is facing a 2˚C crisis. The global emissions and global economy have a strong indication of relative sensitivity. We found out that countries with higher GDP emit more CO₂. Individuals who have higher GDP per capita emit more CO₂ to the atmosphere. GDP has a positive correlation with global temperature. Climate change is one of the biggest inequalities around the world. Richer countries caused more damage to global warming, but poor countries suffer more from global warming’s damage. GDP per capita has a positive correlation with temperature and CO₂ emissions. The development of a country has a trend of increasing CO₂ emissions at an early stage and decreasing CO₂ emissions at a later stage. Total GDP although cannot positively correlated to CO₂ emissions, but multicollinearity tests proved the two variables are related.