The European Union, EU, is purportedly fighting anthropogenic climate change through its carbon emissions targets. Writing in the International Journal of Management and Network Economic, researchers in Italy point out that: “By 2050, the EU aims to reduce its greenhouse gas emissions by 80%-95% compared with 1990 levels. New objectives up to 2030 provide for a 40% reduction of GHG emissions and an increase of 27% for renewables and energy efficiency.”
In their paper, the team of Idiano D’Adamo and Domenico Schettini of the University of L’ Aquila, Michela Miliacca of the University of Rome Tor Vergata, describe their research aims as twofold. First, they present the inventory data of greenhouse gas emissions, final energy consumption, the share of renewable energy, and other data and compare achievements so far with the 2020 targets. Secondly, they look for a correspondence between the increasing number of certified companies and positive results with respect to mitigation.
The team adds that regulatory obligations and a growing awareness of climate change have led companies to adopt systems voluntarily with a view to improving environmental management and/or energy management. The benefit to such companies is not only one of an improved public image but also the improved competitiveness that ensues.
Every member of the EU plays a key role in addressing the major issue of the day: climate change. Eighteen member states have achieved the goals set, but the others are yet to do so, and some are performing once than they were almost three decades ago. It seems that economic stagnation leads to under-achieving in this context. The team will next look at other major economic regions of the world to see whether or not their targets are being approached.
D’Adamo, I., Miliacca, M. and Schettini, D. (2018) ‘Climate change mitigation: evidences from the European scenario‘, Int. J. Management and Network Economics, Vol. 4, No. 2, pp.95-114
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