Abstract
The manufacturing industry is often caught in the sustainability dilemma between economic growth targets and climate action plans. In this study, a Log-Mean Divisia Index (LMDI) decomposition analysis is applied to investigate how the amount of industrial energy-related CO2 emissions in Latvia has changed in the period from 1995 to 2019. The change in aggregate energy-related CO2 emissions in manufacturing industries is measured by five different factors: the industrial activity effect, structural change effect, energy intensity effect, fuel mix effect, and emission intensity effect. The decomposition analysis results showed that while there has been significant improvement in energy efficiency and decarbonization measures in industry, in recent years, the impact of the improvements has been largely offset by increased industrial activity in energy-intensive sectors such as wood processing and non-metallic mineral production. The results show that energy efficiency measures in industry contribute most to reducing carbon emissions. In the future, additional policies are needed to accelerate the deployment of clean energy and energy efficiency technologies.
Highlights
The 2021 Emissions Gap Report from UN states that current targets in national climate action plans are insufficient to meet the commitments of the Paris Agreement
A historical data analysis of the Latvian manufacturing sector shows that in the period from 1995 to 2019, the total CO2 emissions in the industry decreased by 41%
More attention should be paid to investigating the possible sustainability and energy efficiency gaps in the Latvian manufacturing industry in recent years
Summary
The 2021 Emissions Gap Report from UN states that current targets in national climate action plans are insufficient to meet the commitments of the Paris Agreement. It is estimated that at the current rate of improvement, global temperatures will rise by. In particular carbon- and energy-intensive manufacturing, will play a crucial role in meeting global climate change mitigation targets. Since energy-intensive industries and power plants account for nearly half of world’s total greenhouse gas emissions, they are key cornerstones in achieving net-zero carbon emission goals [2]. The constant battle between economic growth targets and climate commitments in industry makes it difficult to achieve long-term sustainability in industrial companies [3,4]
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