Environmental Impact Assessment Based on STIRCEFUPAIT Modelling Framework - Need for Transition towards Green Energy
Published: 2023
Author(s) Name: Aindrila Biswas |
Author(s) Affiliation: Department of Commerce, Prafulla Chandra College, Kolkata, West Bengal, India.
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Abstract
The study analyses environmental emissions based on the STIRCEFUPAIT modelling framework applying energy consumption, production efficiency, non-renewable energy mix, urbanization, population, affluence and innovation-technology as the studied variables. The impact and contribution of the variables to the change in Environmental impact has been analysed using ridge regression analysis. The findings suggest that environmental impact can be tackled by switching to environmental innovation practices and green energy usage.
Keywords: Energy Consumption, Sustainable Production, Sustainable Consumption, Ridge Regression, Green Energy
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