IDEAS home Printed from https://ideas.repec.org/a/nat/natcom/v15y2024i1d10.1038_s41467-024-52728-1.html
   My bibliography  Save this article

A regression-based approach to the CO2 airborne fraction

Author

Listed:
  • Mikkel Bennedsen

    (Aarhus University
    Aarhus University)

  • Eric Hillebrand

    (Aarhus University
    Aarhus University)

  • Siem Jan Koopman

    (Vrije Universiteit Amsterdam
    Tinbergen Institute)

Abstract

The global fraction of anthropogenically emitted carbon dioxide (CO2) that stays in the atmosphere, the CO2 airborne fraction, has been fluctuating around a constant value over the period 1959 to 2022. The consensus estimate of the airborne fraction is around 44%. In this study, we show that the conventional estimator of the airborne fraction, based on a ratio of changes in atmospheric CO2 concentrations and CO2 emissions, suffers from a number of statistical deficiencies. We propose an alternative regression-based estimator of the airborne fraction that does not suffer from these deficiencies. Our empirical analysis leads to an estimate of the airborne fraction over 1959–2022 of 47.0% (± 1.1%; 1σ), implying a higher, and better constrained, estimate than the current consensus. Using climate model output, we show that a regression-based approach provides sensible estimates of the airborne fraction, also in future scenarios where emissions are at or near zero.

Suggested Citation

  • Mikkel Bennedsen & Eric Hillebrand & Siem Jan Koopman, 2024. "A regression-based approach to the CO2 airborne fraction," Nature Communications, Nature, vol. 15(1), pages 1-9, December.
  • Handle: RePEc:nat:natcom:v:15:y:2024:i:1:d:10.1038_s41467-024-52728-1
    DOI: 10.1038/s41467-024-52728-1
    as

    Download full text from publisher

    File URL: https://www.nature.com/articles/s41467-024-52728-1
    File Function: Abstract
    Download Restriction: no

    File URL: https://libkey.io/10.1038/s41467-024-52728-1?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. A. P. Ballantyne & C. B. Alden & J. B. Miller & P. P. Tans & J. W. C. White, 2012. "Increase in observed net carbon dioxide uptake by land and oceans during the past 50 years," Nature, Nature, vol. 488(7409), pages 70-72, August.
    2. Engle, Robert & Granger, Clive, 2015. "Co-integration and error correction: Representation, estimation, and testing," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 39(3), pages 106-135.
    3. Trevor F Keenan & I. Colin Prentice & Josep G Canadell & Christopher A Williams & Han Wang & Michael Raupach & G. James Collatz, 2016. "Recent pause in the growth rate of atmospheric CO2 due to enhanced terrestrial carbon uptake," Nature Communications, Nature, vol. 7(1), pages 1-10, December.
    4. M. R. Raupach & M. Gloor & J. L. Sarmiento & J. G. Canadell & T. L. Frölicher & T. Gasser & R. A. Houghton & C. Le Quéré & C. M. Trudinger, 2014. "The declining uptake rate of atmospheric CO2 by land and ocean sinks," Post-Print hal-01239783, HAL.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mikkel Bennedsen & Eric Hillebrand & Morten {O}rregaard Nielsen, 2024. "The Global Carbon Budget as a cointegrated system," Papers 2412.09226, arXiv.org, revised Feb 2025.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zefeng Chen & Weiguang Wang & Giovanni Forzieri & Alessandro Cescatti, 2024. "Transition from positive to negative indirect CO2 effects on the vegetation carbon uptake," Nature Communications, Nature, vol. 15(1), pages 1-13, December.
    2. Bilal Mehmood & Syed Hassan Raza & Mahwish Rana & Huma Sohaib & Muhammad Azhar Khan, 2014. "Triangular Relationship between Energy Consumption, Price Index and National Income in Asian Countries: A Pooled Mean Group Approach in Presence of Structural Breaks," International Journal of Energy Economics and Policy, Econjournals, vol. 4(4), pages 610-620.
    3. Law, Siong Hook & Tan, Hui & baharumshah, ahmad, 1999. "Financial Liberalization in ASEAN and the Fisher Hypothesis," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 33, pages 65-86.
    4. Shahbaz, Muhammad & Hoang, Thi Hong Van & Mahalik, Mantu Kumar & Roubaud, David, 2017. "Energy consumption, financial development and economic growth in India: New evidence from a nonlinear and asymmetric analysis," Energy Economics, Elsevier, vol. 63(C), pages 199-212.
    5. Levent, Korap, 2007. "Modeling purchasing power parity using co-integration: evidence from Turkey," MPRA Paper 19584, University Library of Munich, Germany.
    6. Ranjan Aneja & Umer J. Banday & Tanzeem Hasnat & Mustafa Koçoglu, 2017. "Renewable and Non-renewable Energy Consumption and Economic Growth: Empirical Evidence from Panel Error Correction Model," Jindal Journal of Business Research, , vol. 6(1), pages 76-85, June.
    7. Yih-Ing Hser & Haikang Shen & Chih-Ping Chou & Stephen C. Messer & M. Douglas Anglin, 2001. "Analytic Approaches for Assessing Long-Term Treatment Effects," Evaluation Review, , vol. 25(2), pages 233-262, April.
    8. Zamani, Mehrzad, 2007. "Energy consumption and economic activities in Iran," Energy Economics, Elsevier, vol. 29(6), pages 1135-1140, November.
    9. Muhammad Zia Ullah Khan & Muhammad Illyas & Muqqadas Rahman & Chaudhary Abdul Rahman, 2015. "Money Monetization and Economic Growth in Pakistan," International Journal of Economics and Empirical Research (IJEER), The Economics and Social Development Organization (TESDO), vol. 3(4), pages 184-192, April.
    10. Muhammad Shafiullah & Ravinthirakumaran Navaratnam, 2016. "Do Bangladesh and Sri Lanka Enjoy Export-Led Growth? A Comparison of Two Small South Asian Economies," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 17(1), pages 114-132, March.
    11. repec:ebl:ecbull:v:6:y:2004:i:4:p:1-8 is not listed on IDEAS
    12. Saaed, A.A.J., 2007. "Inflation and Economic Growth in Kuwait: 1985-2005. Evidence from Co-Integration and Error Correction Model," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 7(1).
    13. Titus O. Awokuse, 2003. "Is the export-led growth hypothesis valid for Canada?," Canadian Journal of Economics, Canadian Economics Association, vol. 36(1), pages 126-136, February.
    14. Zheng, Li & Abbasi, Kashif Raza & Salem, Sultan & Irfan, Muhammad & Alvarado, Rafael & Lv, Kangjuan, 2022. "How technological innovation and institutional quality affect sectoral energy consumption in Pakistan? Fresh policy insights from novel econometric approach," Technological Forecasting and Social Change, Elsevier, vol. 183(C).
    15. Yap, Wei Yim & Lam, Jasmine S.L., 2006. "Competition dynamics between container ports in East Asia," Transportation Research Part A: Policy and Practice, Elsevier, vol. 40(1), pages 35-51, January.
    16. Fazal Husain & Abdul Qayyum, 2006. "Stock Market Liberalisations in the South Asian Region," PIDE-Working Papers 2006:6, Pakistan Institute of Development Economics.
    17. Nicholas Taylor, 1998. "Precious metals and inflation," Applied Financial Economics, Taylor & Francis Journals, vol. 8(2), pages 201-210.
    18. Nahapetyan Yervand, 2019. "The benefits of the Velvet Revolution in Armenia: Estimation of the short-term economic gains using deep neural networks," Central European Economic Journal, Sciendo, vol. 6(53), pages 286-303, January.
    19. Francesca Iorio & Stefano Fachin, 2014. "Savings and investments in the OECD: a panel cointegration study with a new bootstrap test," Empirical Economics, Springer, vol. 46(4), pages 1271-1300, June.
    20. Neelam Timsina, 2016. "Determinants of Bank Lending in Nepal," NRB Economic Review, Nepal Rastra Bank, Economic Research Department, vol. 28(2), pages 19-42, October.
    21. Taufiq Choudhry & Mohammad Hasan, 2008. "Exchange Rate Regime and Demand for Reserves: Evidence from Kenya, Mexico and Philippines," Open Economies Review, Springer, vol. 19(2), pages 167-181, April.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nat:natcom:v:15:y:2024:i:1:d:10.1038_s41467-024-52728-1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.nature.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.