| Title: | Economic growth and CO2 emissions : economic determinants of sustainable low-carbon growth in the European Union : doctoral dissertation |
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| Authors: | ID Fajdetić, Barbara (Author)
ID Festić, Mejra (Mentor) More about this mentor... 
ID Avsec, Jurij (Comentor) |
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| Files: |  DOK_Fajdetic_Barbara_2025.pdf (6,56 MB)
MD5: 214B6612AE540069B782EB0E2C35D1B1
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| Language: | English |
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| Work type: | Doctoral dissertation |
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| Typology: | 2.08 - Doctoral Dissertation |
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| Organization: | EPF - Faculty of Business and Economics
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| Abstract: | The European Union has recognised the problem of sustainable development and the need for decarbonisation in order to achieve sustainability. Therefore, the EU Green Deal was adopted, whose main objective is to achieve climate neutrality, create a competitive economy and strengthen energy stability. The EU Green Deal is complex and encompasses all the economies of the European Union, which differ according to their level of economic development, their institutional development, but also the mentality of the population. Nevertheless, all member states fully support this plan and integrate it into their national strategies. The transition to a low-carbon economy is an opportunity for economic growth, market development and the development of new business opportunities, as well as an opportunity for technological progress. The development of green practises, decarbonisation and sustainable development must go hand in hand with the continuous development of innovation, as they are the basis for long-term economic growth, as Romer emphasised in his endogenous growth theory. Knowledge and innovation make a crucial contribution to overall production as they enable the development of new ideas that can significantly improve existing production - either by improving existing systems or by developing completely new systems. The motivation for this study stems from the development of Romer and Nordhaus' model, which is based on the observation of positive externalities from technological development and the diffusion of ideas, and the diffusion of negative externalities from greenhouse gas emissions. The European Union is in a low-carbon transition process and accordingly major structural changes are taking place, especially in the energy, agriculture and manufacturing sectors. The dissertation has two main objectives - the first part of the empirical analysis deals with the ecological footprint of the European Union, while the other part refers to the economic footprint of the European Union. The panel data analysis confirmed the two research hypotheses that the transition to a low-carbon economy has a significant impact on greenhouse gas emissions and causes structural changes that affect economic activity. It can be concluded that this study not only contributes from a theoretical perspective, but also provides new insights for the practical application of low-carbon and sustainable practises and standards. Theoretical contributions are seen within the framework of the theory of environmental economics and the theory of sustainable development. The findings confirm the importance of environmental protection laws in reducing greenhouse gas emissions. Furthermore, research has emphasised the importance of the balance between environmental and economic aspects of sustainability. On the other hand, the practical implications of policy makers' decisions become clear. Firstly, research has confirmed the effectiveness of general environmental taxes in the EU, which are an effective tool for reducing greenhouse gas emissions. Secondly, the use of renewable energy contributes to the low-carbon transition, but its impact on economic growth remains detrimental. |
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| Keywords: | decarbonisation, sustainability, renewable energy, GHG emissions, economic growth |
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| Place of publishing: | Maribor |
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| Publisher: | B. Fajdetić |
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| Year of publishing: | 2025 |
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| PID: | 20.500.12556/DKUM-88686 |
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| UDC: | 330.34:502.131.1(043.3) |
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| COBISS.SI-ID: | 258557443 |
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| Publication date in DKUM: | 25.11.2025 |
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| Views: | 144 |
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| Downloads: | 26 |
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| Metadata: |    |
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| Categories: | EPF
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