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An analysis of coal consumption, CO2 emissions and economic growth in Slovenia Cover

An analysis of coal consumption, CO2 emissions and economic growth in Slovenia

By: Aleš Budna and  Goran Vižintin  
Open Access
|Aug 2023

Abstract

The common characteristics and possible correlations between coal consumption, CO2 emissions, emission productivity and economic growth in Slovenia are discussed in this article. The correlation between these variables was analysed by using the Pearson correlation coefficient, and we used linear regression and the least squares method to develop predictive mathematical models that can be used to estimate trends in coal consumption and CO2 emissions in the future. The link between coal consumption, emissions, and emission productivity is significant, while the correlation between coal consumption and economic growth is minimal. Therefore, coal consumption and the resulting emissions do not have a significant impact on economic growth. Mathematical models show a good fit, which is a condition for the reliability of the prediction. Possible scenarios of the transition to carbon neutrality and the related problems of future electricity supply as a consequence of the cessation of coal mining and use are also discussed below.

Language: English
Page range: 29 - 39
Submitted on: Oct 1, 2021
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Accepted on: Oct 19, 2021
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Published on: Aug 6, 2023
Published by: Sciendo
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2023 Aleš Budna, Goran Vižintin, published by Sciendo
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.