Naslov
Globalization and GHG Emissions in the EU: Do We Need a New Development Paradigm?

Autori
Vlahinić Lenz, Nela ; Fajdetić, Barbara

Izvornik
Sustainability (2071-1050) 13 (2021), 17; 9936, 18

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
globalization ; GHG emissions ; EU ; green growth ; development path

Sažetak
The European Union (EU) has adopted a new development strategy based on “green” growth and announced carbon neutrality by 2050. Still, the EU’s previous development path was mainly based on trade openness and globalization, with positive economic and negative climate impacts. The aim of this paper was to test the hypothesis of globalization-induced carbon emissions in order to evaluate a possible future development path. The Arellano–Bond estimator was employed for dynamic panel analysis in 26 EU countries over the period 2000–2018. A significant and positive relationship was found between economic globalization and passenger mobility and greenhouse gas (GHG) emissions, while environmental taxes can correct the negative climate effect. On the other hand, social and political dimensions of globalization reduce negative climate impacts. To achieve net zero emissions, the EU needs to continue its global climate leadership, extend the use of environmental taxes, and stimulate economic growth based on low-carbon technologies such as hydrogen, energy storage, and CCUS.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija, Interdisciplinarne društvene znanosti

Napomena
This work was supported by the Croatian Science
Foundation under project IP-2020-
02-1018 and the University of Rijeka under
projects Uniri-drustv-18-27 and ZIP-
UNlRl-130-6-20

POVEZANOST RADA