Countries that sign up to improved financial transparency over oil, gas, and mining revenues benefit from significant reductions in carbon emissions, a new study by the University of Sussex Business School reveals.
Countries that sign up to improved financial transparency over oil, gas, and mining revenues benefit from significant reductions in carbon emissions, a new study by the University of Sussex Business School reveals.
Members of the Extractive Industries Transparency Initiative (EITI) have seen their carbon emissions reduce by 13% on average between 2000 and 2014 while the world average carbon footprint per capita grew by 23% over the same period, reveals the research from the Sussex Energy Group.
Study author Professor Benjamin K Sovacool said while the relationship between EITI membership and carbon reductions is not necessarily deterministic, the scheme allowed countries to use recovered funds no longer lost to corruption to invest in more sustainable forms of energy and other environmental practices.
Read more: University of Sussex
Study author Benjamin K Sovacool, Professor of Energy Policy at the University of Sussex Business School. (Photo Credit: University of Sussex)
