Are structural change and modernisation leading to convergence in the CO2 economy? Decomposition analysis of China, EU and USA

The results of the decomposition analyses indicate similar trends of convergence in the three economies. This can be interpreted to be caused by the globalisation of the economic processes, which directs the production processes of businesses to develop in similar patterns. On the other hand, there are also differences in the development trends caused by the different structures of the three economies.