Industrialization and increasing mobility in developing countries like China and India are resulting in growing energy demand. This hunger for energy is largely satisfied by fossil fuels and thus accompanied by rising emissions. This book aims at empirically giving insights about the relationship between energy consumption, economic growth and CO2 emissions using recent panel cointegration and decomposition methods. The investigation is carried out for the top energy consumers and CO2 emitters worldwide with a special emphasis on the European Union and some focus countries for the detailed analysis of the industry and transport sector. The results confirm the need for a more sustainable energy system by implementing measures of energy efficiency and reducing carbon intensity of energy supply by shifting from fossil fuels to renewable energy sources.

Dirk C. Böhm, born in 1976, studied International Economics at the University of Hohenheim, where he completed his Master degree in 2002. Since then he has been working in economic research, several sales and marketing functions as well as business and strategy development within a multinational corporation. In recent years he has presented several research papers in the field of energy economics at international conferences.