Carbon Dioxide is a major component of Green House Gas (GHG) emissions, accounting for 81% of the total emissions. Released naturally (respiration, ocean drive, and decomposition) or as a consequence of human activity (cement production, burning of fossil fuels such as coal, oil and natural gas, etc.), carbon dioxide has played a significant role in Global Warming. It is a phenomenon whose existence can be found in the melting of polar ice caps or progressive rise in the annual global temperatures. India, an emerging economy is the fourth largest producer of CO2 emissions, behind China, USA and the European Union. A nation, with the drive to become a leading superpower in the coming years, India’s booming economy and development poses a serious challenge to the levels of carbon dioxide emissions. Overtaking Russia, to become the third largest producer of electricity, India still relies on coal as the biggest source of electricity, whose burning yields CO2 into the atmosphere. Awaken by the adversities of CO2 emissions, India has signed the Paris Agreement and pledged to reduce the CO2 levels to 30-35% of the level in the year 2005. This agreement is set to be starting in 2020. To have a better understanding of what the challenge is going to be in the year 2020, prior to the implementation of the Paris agreement, this paper aims at forecasting the levels of CO2 emissions and its constituents (solid, liquid and gaseous fuels) in India. The technique used in the forecasting is Exponential Smoothing. Starting from 1960, first two years data has been used for initialization and the value of model parameters (alpha and beta) has been optimized with data from 1962-2017 using Solver. The forecast is estimated for the years 2018-2020. Keywords: Predictive Analytics, CO2 emissions, Time Series Analysis, R, Double Exponential Smoothing, Paris Agreement
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