Empirical analysis of the feasible solution to mitigate the CO2 emission: evidence from Next-11 countries.

From the empirical findings, economic growth, energy consumption, fossil fuel use, and infrastructure all have a positive impact on CO₂ emissions. Forest rent and industrialization show a mix of results to explain CO₂ emissions in N-11 countries. Forest and agriculture have negative coefficients in most of the estimations which indicate the reduction of CO₂ emissions in 11 countries. Through the evidence of variance decomposition (VD) analysis, this study found an inverted U-shaped EKC hypothesis in the long run. Moreover, through the econometric analysis, it is clear that forest area is important to reduce CO₂ emissions in N-11 countries, where forest investment and planning would be effective for carbon reduction. Agricultural activities and production with green investment play an important role in mitigating CO₂ emissions in N-11 countries. [ABSTRACT FROM AUTHOR]