Speaker
Description
This presentation addresses the combined strength of economic incentives and public education in obtaining sustainable carbon emission reductions. The research examines the effect of financial development, industrial performance, and trade on CO2 emissions for EU and non-EU nations using strong empirical evidence analysis and theoretical models. The necessity to have well-thought-out economic policies that are informed by economic realities and social justice is stressed in order to ensure maximum utilization of carbon decrease efforts.
In Albania, 305 individuals were surveyed to estimate public awareness and opinion on CO2 emissions, climate change, and Carbon Capture and Storage (CCS). Although more aware of CO2 emissions and climate change, CCS awareness is low with the majority of the respondents not knowing this crucial mitigation technology. The research demonstrates the influence of media on public perception, observing that information is largely obtained from print, electronic, and social media, and hence can cause mass misconceptions.
Methodologically, two dynamic panel regression models were employed to examine the data of 2000 to 2023. These models established that finance development is good for carbon emission in developing economies, something which is not aligned with developed economies. This is due to the fact that developing countries lack as strict environmental protection regulations and as intense industrialized economies as the former. Developed nations have their resources more focused on green finance as well as innovative ideas for the future in order to maintain ecosystems.
The results highlight the importance of country-specific environmental policies that consider the individual economic and social context of each nation, and indicate that economic incentives and increased public awareness are key to successful carbon reduction.realities.
| Scientific Sections | Emission control |
|---|
