Economic Growth, Energy Consumption and CO2 Emissions in the European Union. A Panel Data Analysis

Iva Raycheva – Applied Informatics and Statistics, The University of National and World Economy, December 8th st, 19, 1700, Sofia, Bulgaria

Abstract: This study focuses on the impact of economic growth and ener­gy consumption on carbon dioxide emissions. The analysis is based on pan­el data for the 27 member countries of the European Union for the period 2012-2021. The results show that there is a statistically significant relation­ship between real GDP, energy consumption and carbon dioxide emissions for the EU member states.

Generally speaking, the researched relationship shows that in the last dec­ade in the EU, successful policies have been implemented to increase the green balance between economic growth and harmful emissions in the air. It should be taken into account that the need for the implementation of the circular economy is increasing since the green measures are not applied equally in each of the countries studied.

LIMEN Conference

9th International Scientific-Business Conference – LIMEN 2023 – Leadership, Innovation, Management and Economics: Integrated Politics of Research – CONFERENCE PROCEEDINGS, Hybrid (Graz University of Technology, Graz, Austria), December 7, 2023

LIMEN Conference Proceedings published by the Association of Economists and Managers of the Balkans, Belgrade, Serbia

LIMEN Conference 2023 Conference Proceedings: ISBN 978-86-80194-78-3, ISSN 2683-6149, DOI: https://doi.org/10.31410/LIMEN.2023

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