10. Conceptual approach to valuation of climate change in EU countries through the prism of economic activities

 Jelena Stankevičienė, Jelena Borisova
climate change, climate finance, multi-criteria decision-making methods (MCDM), technique for order of preference by similarity to ideal solution (TOPSIS)
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In our days' countries pursue not just to have higher or maintain economic growth, but society faces another challenge – to combat climate change: to slower increase of global temperature by decreasing amount of green gas emission. Globalization processes have increased green gas emission. The problem of climate change becomes an overall problem of all countries, as green gas emissions produced by any country has an overall impact on environment of the earth. Public administration and public policies face the problem how to combat climate change not constraining the economy too much. The purpose of the paper is to evaluate the extent to which EU countries are affected to climate change according economic and social factors of countries that can be seen as drivers of green gas emissions. The study relates green gas emission intensity to the extent to which the country is possible to be exploded to climate change according to its data on industry, energy, waste, and agriculture of EU countries. TOPSIS method is used to rank EU countries in combating climate change. The conceptual approach to ranking climate change through the prism of countries economic activities is developed. There are some research limitations – statistical data on the industry, energy, waste, agriculture is limited in order to fulfil the tasks of the research.