Income Disparity and Carbon Footprint: A Comparative Analysis

This report investigates the correlation between a country's income level, income inequality, and CO2 emissions, drawing upon data and diagrams to interpret these relationships. It examines the theories linking income inequality to carbon dioxide emissions, considering factors such as differing time preferences and cost-benefit analyses. The analysis includes a comparison of the United Kingdom's GDP and per capita income with other nations, highlighting the role of redistributive policies in mitigating after-tax income inequality. The report uses the Gini coefficient and data from the Oak Ridge National Laboratory to estimate carbon dioxide emissions based on fossil fuel consumption. It also discusses the trade-off between economic growth, income inequality, and carbon emissions, noting the negative impact of wealthy individuals' activities on the environment. The conclusion emphasizes the importance of GDP in modern economies and the need for effective policies to balance economic development with environmental sustainability. Desklib provides access to similar reports and study resources for students.

Gini Coefficient

Table of Contents
INTRODUCTION...........................................................................................................................2
PART 1............................................................................................................................................2
The relationship between a country’s level of income................................................................2
PART 2............................................................................................................................................2
PART 3............................................................................................................................................3
Trade-off between income inequality and Carbon Di-oxide emission........................................4
CONCLUSION................................................................................................................................4
REFERENCES................................................................................................................................6
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INTRODUCTION
This report will about explain about the relationship between the various countries with
the income level and having the high level for the CO2 emissions. This also examined about the
data displayed with the diagram and make sure for having the theory that have been presented.
Furthermore, discuss about there are any political, economic, technological or social reasons that
help country’s levels of annual per capita CO2 emissions,
PART 1
The relationship between a country’s level of income
As per given diagram this have been seems that, in general modern economics this could
take place while having the income level relationship with many other countries. As having this
kind of things this could also help them for having the proper estimation about the economics
role and make sure for having the high impact over through which the briefing about the CO2
that could take place (Tomaskovic-Deveyand et.al., 2020). The investigate more about the
evolution for the averages degrees about the consumption and that might be important for them
in working with the GDP income sources with the different countries. While having such things
this could also keep them for having the growth and make sure about the emission in 2010 data.
Consumer that could being used for keeping the certain standard and that could also led with
having the high effective sustain with the life styles.
For the countries the high level of income that could make their differences between the
indicator for which the sources that could keep them for working with some better estimation
about the sources. As the smaller than in the cases for the higher and middle income countries
and make sure for having their average level individuals. The three graphs will also analyzed
about the considered period, as per capita evolution in which the sources that could also decline
with the given years (Choi, 2021). As per having GDP in every level of countries this could also
help them for having the high concepts and make sure for having the growth and developed for
which the effective policies that could take place. An important aspect about that people did not
adjust their consumption in same proportion as these shifts the levels of income and GDP.
80,000 income level that could being so higher for which the various level for the countries have
been seems.
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PART 2
After analysing the given data and diagrams it has been seen that there are various
theories have been mentioned which is in line with the income inequality and carbon dioxide
emission. It has been stated that gratin inequality can get increased due to the impact of different
rate of time preference is and cost benefits as well (Campbell, 2020). Apart from this it is also
stated that many of the individuals get benefit from where is economic activities such as
generating pollution where is other citizens have faced difficulties due to the effect of pollution
and they have to be a different. On the other hand where companies were interested in reducing
carbon dioxide just because of their own profit and growth they are helping people who are
living nearby such companies. Show the entire confusion is that many companies and people are
generating net benefit by increasing pollution and those activities which increases pollution in
the country has positive relation with the income of such people. It has also been seen that they
are various wealthy and powerful individuals and people who you have control over some
political parties in the country and therefore no one is punishing them for their work. On the
other hand the government is also getting benefited from these companies because they are
paying high amount in the form of taxation to the government and therefore it is not taking any
step against of these companies. Show the inequality is continuously increasing and even it is
contributing to the government is well (Thiermannand Sheate, 2020). It has been analysed that
higher inequality will definitely need less protection to the environment and this will overlap the
coming generation as well. Apart from this inequality can get influenced by admission through
the factor of ownership and voting. The overall relationship between inequality of income and
demand for the pollution policy it totally depends on the entire level of ownership which is
concerned with the trade of countries.
PART 3
From the given data of different countries it has been stated that United Kingdom has
increased GDP is the Government of this country is currently working on the economic
conditions and Technology so that they can produce more employment opportunities for the
people while living in United Kingdom (Aizenman and et.al 2020). Comparison of United
Kingdom and its economy with other countries it has been analysed that United Kingdom has
higher GDP as compared to other countries apart from this the per capita income of United
Kingdom is also hired as compared to other countries because the overall living of standard of
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people is also very high in United Kingdom. The data set of United Kingdom is also very
expensive which clearly shows the relationship between income inequality GDP and carbon
emission is well. The important part of data set is Gini coefficient from standardized world
income inequality database. United Kingdom is also a high income country and it has been seen
that many countries who have high income they definitely have strong redistributive policies
which brings lower after-tax income inequality as compared to tax income inequality. In this
report after-tax income inequality has been taken because the effect of redistributive policies has
been explained effectively in this face. The overall data of carbon dioxide emission is getting
from oak Ridge National laboratory data set. The entire estimated data has been based on the
conceptions of fossil fuels which have been multiplied by the average carbon content of the
company to get the accurate result. Apart from this all the data which has been taken it will not
use agriculture livestock and uses of land because if country will use all these then they will not
able to generate effective data about inequality income.
Trade-off between income inequality and Carbon Di-oxide emission
Trade-off between tow has been found on the basis on the substantial manner. it has been seen
that low income economies have been associated with low carbon emission. Economic growth
of the company will definitely generate high income and more employment opportunities for
people but this will also increase carbon di-oxide emission. however economic growth also
increases climate problems as well. Pooled OLS model is being used to find out the relation
between two. As per Pooled OLS there is a negative effect between income and carbon di –
oxide. but on the other hand it has also been seen that rich and wealthy people of the country are
harming the environment of the comp0any just for the sake of their own profit. This is one of the
most important factor which is increasing carbo di- oxide in the globe.
CONCLUSION
From the above report it had been seems that, GDP must be important for the economic
and that could also have led them for keeping the modern estimation about the sources. While
having such things this could also led with having the proper growth and make sure for keeping
the high positive impact over through which make the proper use of theory. In such kind of
activities this also help the sources for making sure about their various thing and that could also
led with them for working with some better estimation about the income level. As the income
level that could also0 important for maintaining the modern time in developed countries.
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REFERENCES
Book and Journal
Aizenman, J. and Ito, H., 2020. The political-economy trilemma. Open Economies
Review, 31(5), pp.945-975.
Campbell, J., 2018. The trilemma of malaysian higher education. International Journal of
Technology Management & Sustainable Development, 17(1), pp.3-24.
Choi, G., 2021. Basic Human Values and Attitudes Towards a Universal Basic Income in
Europe. Basic Income Studies.
Schaub, S. and et.al., 2020. Economic benefits from plant species diversity in intensively
managed grasslands. Ecological Economics, 168, p.106488.
Thiermann, U.B. and Sheate, W.R., 2020. Motivating individuals for social transition: The 2-
pathway model and experiential strategies for pro-environmental behaviour. Ecological
Economics. 174. p.106668.
Tomaskovic-Devey, D. and et.al., 2020. Rising between-workplace inequalities in high-income
countries. Proceedings of the National Academy of Sciences. 117(17). pp.9277-9283.
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