Global efforts towards mitigating climate change gain momentum; reducing carbon dioxide (CO2) emissions and aiming for zero emissions, or carbon neutrality, is the main goal. Economic factors are main determinants of CO2 emissions coming from production and energy consumption. This paper aims to...

This paper attempts to analyse the dynamic effect of carbon dioxide emission on key macroeconomic variables of Australia, China and Japan for the period of 1980 to 2008. A Kaleckian-Post-Keynesian multi-sectoral open economy model, which is augmented by a demand driven labour market, a reserve...