Intelligent Prediction of Annual CO2 Emissions Under Data Decomposition Mode
CO 2 emissions have contributed to global warming and belong to high-noise, non-stationary and nonlinear systems. An accurate prediction method for annual CO 2 emissions can improve the effectiveness of emission reduction policies. However, the existing prediction methods for small-scaled samples (i...
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Veröffentlicht in: | Computational economics 2024-02, Vol.63 (2), p.711-740 |
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Format: | Artikel |
Sprache: | eng |
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Zusammenfassung: | CO
2
emissions have contributed to global warming and belong to high-noise, non-stationary and nonlinear systems. An accurate prediction method for annual CO
2
emissions can improve the effectiveness of emission reduction policies. However, the existing prediction methods for small-scaled samples (i.e., hourly or daily time series) are unsuitable for regional policy benchmarks. Hence, a novel hybrid prediction model under data decomposition mode is developed for annual CO
2
emissions in this work. For illustration, the five representative CO
2
emissions (i.e., China, United States, India, Russian, and Japan) from 1970 to 2019 are collected to verify performance, which are taken from Global Carbon Project. The results show that the average prediction accuracy of the proposed prediction model is up to 97.95%, which whole performance improved by more than 1.61% compared with others. The total of five countries’ annual CO
2
emissions in 2020 (18,311.72 metric tons) is approximately equal to that in 2018 (18,353.63 metric tons). The proposed model is a reliable prediction tool for annual CO
2
emissions and can assist policymakers in adjusting reduction measures and regulators to access the current effects. |
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ISSN: | 0927-7099 1572-9974 |
DOI: | 10.1007/s10614-023-10357-8 |