A study on the impact of GGDP on climate mitigation based on grey prediction

Abstract

GGDP is a new measurement standard. It can deduct the cost of natural resource depletion and environmental degradation from GDP, and make us more aware of the resource depletion and environmental degradation caused by economic development. the modeling of GGDP value is in line with the development needs of the times and is important for coping with economic growth and sustainable development for the well-being and future of human beings. We deducted the cost of natural resource depletion and environmental degradation from GDP, developed a GGDP estimation model, and calculated GGDP for China in the last decade. global warming is an important factor contributing to climate deterioration, so we used CO₂ emissions to measure global climate change. Three indicators affecting CO₂ emissions were selected as independent variables, and GDP and GGDP were treated as independent mentionable. Two CO₂ emission prediction models based on multiple regression equations were developed separately, and the expected global impact on climate mitigation when GGDP is used as the main measure of a country's economic health was estimated by comparing different CO₂ emission calculations of the two models. To further analyze the impact of GGDP on climate change, we developed a dynamic climate projection model based on the quadratic regression equation of the EKC-like curve and verified the global applicability of the model. Our calculations show that GGDP can reduce more CO₂ emissions, slow down climate warming, and slow down glacier melting.