Does Climate Change Mitigation Activity Affect Crude Oil Prices? Evidence from Dynamic Panel Model

Table 1

Model estimates.

	Panel 1: baseline	Panel 2: structural breaks control
Oil price (lag)
Estimate	0.85	0.81
Standard error	(0.079)	(0.0430)
value	0.000	0.000
Carbon intensity
Short run	2.1	1.6
Standard error	(0.8772)	(0.7436)
value	0.015	0.024
Long run	14	8.4