Policy Analysis Of Eu Countries Under The Carbon Emissions Trading System

The carbon tariff policy of the EU seeks to lessen emissions and promote the use of renewable energy sources. EU member states primarily undertake a number of fiscal and tax policy measures, such as taxation and preferential tax policies, government procurement policies, and financial subsidy policies, in relation to the carbon emissions trading system. to promote the creation, use, and development of renewable energy. Thе article does multiple linear regression analysis on the variables carbon emission intensity and per capita energy consumption, industrial production index, and per capita GDP based on pertinent data from 8 nations in the European Union from 2013 to 2019. The financial subsidies, green procurement regulations, and tax laws of EU nations participating in the carbon emissions trading system are examined in detail based on the findings, offering other nations useful real-world experience.