The phenomenon of global climate change and its consequences from a regional and sectoral perspective
https://doi.org/10.47282/economica/2024/15/3-4/14310
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Abstract
Global climate change poses a significant threat to the planet and our well-being, with carbon emissions being a key contributing factor. The aim of this article is to delve into the complex system of factors influencing carbon emission trends among key countries, examine sectoral differences contributing to such emissions and understand the global actions taken to mitigate the climate change. For this purpose, both quantitative and qualitative research were conducted, and several statistics were used to provide a comprehensive insight on the subject. We have found that while industrialized countries have historically been major contributors to carbon emissions, the rapid economic growth and industrialization witnessed in China and other developing countries mainly in Asia have led to significant increase in their emissions in recent decades. Furthermore, not only regional but sectoral differences could be spotted as the energy sector, where fossil fuels remain a dominant source of energy despite growing efforts to transition to renewable sources, contribute the most to carbon emissions. Lastly, international climate conferences, such as the landmark Paris Agreement, as well as the current energy strategy in EU have sought to mobilize global and regional efforts to mitigate climate change and achieve net zero emissions.
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