The Impact of Environmental Protection Expenditures on the Reduction of Greenhouse Gas Emissions: Panel Data of EU
Анотація
Reducing greenhouse gas emissions into the atmosphere requires significant expenditures, the increase of which will reduce the negative impact on the environment and positively affect the innovative-social component of the development of the economy and society. This article analyzes the impact of expenditures on reducing greenhouse gas emissions using panel data from EU countries. A step-by-step multifactor analysis was applied to identify the most significant factors. Canonical correlation analysis was used to identify the simultaneous influence of national expenditures and investments in environmental protection on the volumes of greenhouse gas and carbon dioxide emissions.
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