Iva Raycheva – Applied Informatics and Statistics, The University of National and World Economy, December 8th st, 19, 1700, Sofia, Bulgaria
Keywords:
Panel data;
Carbon dioxide;
Economic growth;
Energy consumption
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.
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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
Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission.
Suggested citation
Raycheva, I. (2023). Economic Growth, Energy Consumption and CO2 Emissions in the European Union. A Panel Data Analysis. In V. Bevanda (Ed.), International Scientific-Business Conference – LIMEN 2023: Vol 9. Conference Proceedings (pp. 245-251). Association of Economists and Managers of the Balkans. https://doi.org/10.31410/LIMEN.2023.245
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