Assessment of the impact of green investments in the countries of the Eurasian Economic Union on air pollution emissions

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Abstract

Authors examined the impact of investments aimed at financing environmental conservation measures on the overall volume of atmospheric emissions from stationary sources in the member countries of the Eurasian Economic Union (EAEU) from 2017 to 2021, excluding Armenia, as data on environmental investments in Armenia were not available. To do this, the authors applied correlation analysis based on parametric, non-parametric, and robust models (Pearson, Spearman, Kendall correlation coefficients). The authors constructed regression models to assess the influence of green investments on CO2 emissions. Despite a reduction in CO2 emissions as green investments increased in EAEU countries (excluding Armenia and Belarus), the obtained data supports the hypothesis of no statistically significant impact of green investments on CO2 emissions during the analyzed period.

About the authors

Mayya Valerianovna Dubovik

Plekhanov Russian University of Economics

Email: mvdubovik@gmail.com

Sergey Gennadyevich Dmitriev

Plekhanov Russian University of Economics (Bryansk Branch)

Email: sergey.g.dmitrieff@gmail.com

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Copyright (c) 2023 Dubovik M.V., Dmitriev S.G.

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