Naslov
What drives levels of CO2 emissions – International comparison based on broaden Kaya identity

Autori
Tomić, Daniel ; Kersan-Škabić, Ines

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Economic and Social Development / Janjušević, J. ; Hopkinson, P. ; Pandža Bajs, I. - Varaždin : VADEA, University North, Heriot-Watt University Dubai, Ministry of Energy & Infrastructure United Arab Emirates, Faculty of Management University of Warsaw, Mohammed V University in Rabat, Abdelmalek Essaadi University Tangier, Polytechnic of Medimurje in Čakovec, 2022, 11-24

Skup
88th International Scientific Conference on Economic and Social Development: Roadmap to NetZero Economies and Businesses

Mjesto i datum
Dubai, Ujedinjeni Arapski Emirati, 19.10.2022. - 20.10.2022

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
green growth ; CO2 ; energy intensity ; carbon footprint ; panel cointegration approach ; European countries

Sažetak
Carbon dioxide is the major accelerator of the greenhouse effect in the atmosphere, thus its impact on environmental quality is enormous. Both, IPAT identity (estimates society’s impact on the environment) and Kaya identity (evaluates CO2 emissions as the product of several key factors) present relevant components in formulating various environmental (un)sustainability scenarios. By focusing on established industrial practices, many countries have destroyed their environment, they have harmed their own, and thus the global ecosystem. Therefore, the main challenge for a long-term sustainable economic policy is a simultaneous focus on two goals, economic growth and environmental preservation. Environmental efficiency (less environmental impact per unit of GDP) plays the most important role and has the potential to break the link between economic growth and environmental impact. In that way, the growth may continue as the function of the so-called green growth. The objective of this paper is to evaluate the implications of, broaden and economically more labelled, Kaya identity in order to understand how the factors of influence have changed over time. In addition, by linking the impact of distinct categories of energy intensity within the broaden formula, we will emphasize an even greater role of cleaner energy sources for CO2 diminution. Empirical analysis is based on a panel cointegration approach for the period 2007-2019 for the sample of 37 European countries. The results suggest that all identified factors will continue to be important topics within the discussions on global ‘green growth’ policy decisions.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

Napomena
This paper is a result of scientific – research projects “The Determinants and Challenges of Competitiveness” and “Accounting for the Future, Big Data and Economic Measurement” supported by the Faculty of Economics and Tourism „Dr. Mijo Mirković“, Juraj Dobrila University of Pula. Any opinions, findings, and conclusions or recommendations expressed in this paper are those of the author and do not necessarily reflect the views of the Faculty of Economics and Tourism „Dr. Mijo Mirković“, Pula.

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