Drishtikon: A Management Journal

2023 | Volume 14 | Issue Issue 1

Environmental Impact Assessment Based on STIRCEFUPAIT Modelling Framework - Need for Transition towards Green Energy

1. Aindrila Biswas – Department Of Commerce, Prafulla Chandra College, Kolkata, West Bengal, India.

Received
26-Dec-2023 		Accepted
- 		Published
26-Dec-2023
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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