Where Are We Heading? Tackling the Climate Change in a Globalized World

Mihaela D. Rovinaru (), Dana E. Bako, Flavius I. Rovinaru, Adina V. Rus and Sebastian G. Aldea
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Mihaela D. Rovinaru: Faculty of Economics and Business Administration, Babes-Bolyai University, 400347 Cluj-Napoca, Romania
Dana E. Bako: Faculty of Economics and Business Administration, Babes-Bolyai University, 400347 Cluj-Napoca, Romania
Flavius I. Rovinaru: Faculty of Economics and Business Administration, Babes-Bolyai University, 400347 Cluj-Napoca, Romania
Adina V. Rus: Faculty of Economics and Business Administration, Babes-Bolyai University, 400347 Cluj-Napoca, Romania
Sebastian G. Aldea: Transylvania Bank, 400117 Cluj-Napoca, Romania

Sustainability, 2022, vol. 15, issue 1, 1-19

Abstract: Nowadays, a very strong concern is coming from the fact that human intervention is heavily affecting the environment. In the past, the most harmful countries for the environment were the USA and Europe due to their development and level of industrialization. Today, the most impactful countries on the environment are the ones from across Asia, especially China and India. In order to interrupt these issues and to help prevent the further deterioration of the world, the UN redacted the 2030 Agenda. This presents a possible way in which countries might act against the effects of climate changes, reducing global warming and further world pollution. Being the most ambitious in this regard, the EU decided to implement the Green Deal. In our paper, based on the EU accomplishments in this direction, we try to build a scenario of how the world will look like if the three most polluting countries will apply the targets set by the EU. In this attempt, we used the Kaya Identity to measure the forecasted impact and arrived to the conclusion that, by applying this measures, energy consumption will be reduced, the consumption of renewable energy will increase, CO 2 emissions will be reduced and the world can manage to come back to the level it had in 1990.

Keywords: climate change; energy intensity; energy efficiency; green gas emissions; Kaya Identity (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
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