Researchers who analyzed globalisation discovered that economic changes could have a major impact on climate change. A study that was published Monday in Nature Communications revealed that the global effects to reduce carbon emissions could be affected.
The research was published by researchers at the University of East Anglia (UEA) and partners in China and the U.S. According to them, there is a “new phase of globalization”. This phase represents trade between developing countries, which is something that has increased by more than two times between 2004 and 2011. The researchers have named this the South-South trade.
This shift comes with many activities that have high-emissions, such as the production of intermediate goods and raw goods. These activities are quickly moving to less developed countries such as Vietnam and Bangladesh.
According to the study, the carbon dioxide emissions of Chinese exports managed to decrease or at least slow down their increase, but the carbon dioxide emissions from less developed countries has only increased.
This global economic development phase is crucial for our climate
“The carbon intensity of the next phase of global economic development will determine whether ambitious climate targets such as stabilizing at [two degrees Celsius] will be met, and our findings depict the nascent rise of energy-intensive and emissions-intensive production activities in other Asian countries such as Vietnam and Pakistan,” professor in climate change economics at UEA’s School of International Development Dabo Guan explained.
It appears that many developed countries moved their production to less developed countries, and this happened especially after the financial crisis of 2008. Between 2005 and 2015 international trade more than doubled, and the evolution was even bigger for South-South trade. In the same period this trade managed to triple, and it accounted for over 57% of all exports from developing countries.