The book chapter titled “The Importance of Carbon Emission of Manufacturing Companies on Sustainable Economic Development”, co-authored by Assoc.Prof. Hakan KALKAVAN, a faculty member of our University’s Department of Economics, was included in the book Globalization, Income Distribution and Sustainable Development published by Emerald Ink Publishing.
The study primarily emphasized that carbon emissions are one of the most important issues that threaten the existence of the world and that the resulting climate change disrupts the balance of people and nature. The authors, who see manufacturing companies as an important actor that causes carbon emissions, focused on the relationship between manufacturing companies and carbon emissions in the study.
In the study, manufacturing companies in Chile were included in the research for the years 1990–2019. Based on these data, Toda-Yamamoto causality analysis was carried out in the study and the empirical findings revealed that the primary goal of manufacturing companies within the scope of sustainable growth is not to reduce carbon emissions. Based on these findings, the authors stated that governments should focus on other issues that have a stronger causal relationship with sustainable economic development. They also underlined that governments should conduct studies to determine the importance of companies’ other activities for sustainable economic development. They stated that in this way, the amount of carbon emissions will be reduced and deficiencies in the factors affecting sustainable economic development will be identified.