Zvirgzdiņš, Agris (2024) Is Climate Action Dependent on Economic Prosperity? Empirical Evidence from Global Data Analysis. Bachelor thesis, Global Responsibility & Leadership (GRL).
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Abstract
Climate action, a fairly vague term, can range from recycling waste to international trade policies. Various factors can affect the level of climate action. Undoubtedly, with more financial resources there are wider possibilities to act, but is that the case? In this research, I look at the influence of economic development on climate action variables by considering a maximum of 159 nations. By establishing a simple cross-sectoral climate action model, considering the level of environmental trade, innovations, taxation, and fossil fuel subsidies, I develop a dataset for bivariate and multivariate analyses. I find the level of economic development (GDP per capita) has a significant positive impact on climate action variables, while also having a significantly positive relationship with the level of fossil fuel subsidies. Additionally, higher levels of democracy, climate vulnerability, and lower income inequality can be beneficial factors for increased climate action. Unfortunately, when such confounding variables are included in multivariate analysis, economic development occasionally shows reduced significance. In general, there is considerable evidence that GDP plays a significant role in determining the level of climate action. This link should not be abandoned in theoretical and empirical research when considering the importance and influence of economic development on the environment.
| Item Type: | Thesis (Bachelor) |
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| Name supervisor: | Papakonstantinou, M.A. |
| Date Deposited: | 06 Jun 2024 07:45 |
| Last Modified: | 06 Jun 2024 07:45 |
| URI: | https://campus-fryslan.studenttheses.ub.rug.nl/id/eprint/414 |
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