Varimax Model to Forecast the Emission of Carbon Dioxide from Energy Consumption in Rubber and Petroleum Industries Sectors in Thailand

This study aims to analyze the forecasting of CO₂ emission from the energy consumption in the Rubber, Chemical and Petroleum Industries sectors in Thailand. The scope of research employed the input-output table of Thailand from the year 2000 to 2015. It was used to create the model of CO₂ emission, population, GDP growth and predict ten years and thirty years in advance. The model used was the VARIMAX Model which was divided into two models. The results show that from the first model by using which predicted the duration of ten years (2016–2025) by using VARIMAX Model (2,1,2), On average, Thailand has 17.65% higher quantity of CO₂ emission than the energy consumption sector (in 2025). The second model predicted the duration of 30 years (2016–2045) by using VARIMAX Model (2,1,3) shows that Thailand has average 39.68% higher quantity of CO₂ emission than the energy consumption sector (in 2025). From the analyses, it shows that Thailand has continuously higher quantity of CO₂ emission from the energy consumption. This negatively affects the environmental system and economical system of the country incessantly. This effect can lead to unsustainable development.