Supporting Interaction with CO2 as a Resource with Individual Carbon Footprint Trackers as Everyday Assistants

Schrills, Tim; Rosenbusch, Laura; Zoubir, Mourad; Stahl, Jacob; Franke, Thomas

doi:10.1007/978-3-030-74605-6_73

Cited by 2 publications

(3 citation statements)

References 19 publications

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“…According to Schrills et al (2021), designing digital assistants to provide users with information about their CO 2 footprint could improve CO 2 literacy. Applications increased environmental literacy and motivated users to adopt more sustainable lifestyles (Scharl, et al, 2016).…”

Section: Methodsmentioning

confidence: 99%

“…Even if such studies were performed, they did not get enough attention in the scientific community. Nevertheless, there are some papers that came close to the problem when analyzing the link between the carbon footprint and education (Ding et al, 2018;Mooney et al, 2022;Shiao et al, 2013;Uchehara et al, 2022), or between the carbon footprint and citizens' awareness of their general and individual contribution to greenhouse gas emissions (Dosa & Russ, 2018;Kolenaty et al, 2022;Scharl et al, 2015;Scharl et al, 2016;Schrills et al, 2021;). When analyzing the main factors affecting the quality of the environment Fakher (2019) studied the connection between carbon footprint and financial development level, while Heinonen et al (2022) found that the indicator measuring the intensity of greenhouse gas emissions to the monetary expenses of the households revealed valuable information about policy targeting demand-side solutions that aim to improve the climate-literacy of consumers and impact their future spending behavior.…”

Section: Literature Reviewmentioning

confidence: 99%

“…At the same time, 36 indicators are used, through which a general assessment of the effect on the climate was made. Schrills et al (2021) designed a digital assistant to help users with information about the footprint of individual products, services, and to offer alternatives. To establish the basic requirements of users for such an application, they conducted an online survey in which 249 respondents took part.…”

Section: Literature Reviewmentioning

confidence: 99%

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Relation Between Financial Literacy and Carbon Footprint: Review on Implications for Sustainable Development

Todorov

Aleksandrova

Ismailov

2023

ees

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Introduction. Financial literacy has been recognized worldwide as a significant element of stability and economic and financial growth. With the evolution of financial instruments, the growing importance of financial inclusion, its correlation with financial literacy, and the effects they have on sustainability, the concept of financial literacy is dramatically changing and getting more inclusive, spreading the focus on sustainability, sustainable consumption, and environmental preservation. Aim and tasks. The aim of the study is to examine the connection between the population's financial literacy level and greenhouse gas emissions. The working hypothesis claims that there is a relationship between financial literacy and the carbon footprint. Results. The correlation and regression analyses were the main tools in the study, while the dataset for 2014 covered 137 countries, with the main dependent variables being carbon emissions per capita, per unit of gross domestic product, and per unit of energy. The partial correlation coefficients between financial literacy rating and carbon footprint variables were insignificant when controlled for economic development, represented by per capita gross domestic product. Estimated econometric models with financial literacy in quadratic form were adequate and showed a significant connection between financial literacy and carbon emissions per capita and per gross domestic product at the 5% level. The relationship with carbon emissions per unit of energy was significant at the 10% level. In all three models, the relationships followed an inverse U-shape, with low financial literacy increasing the carbon footprint and higher financial literacy decreasing it. The turning numbers for financial literacy were 35.8% for carbon emissions per capita, 41.4% for emissions per unit of gross domestic product, and 32.4% for emissions per unit of energy. Conclusions. Financial literacy was indeed associated with carbon emissions in a complex, non-linear way. The effect of energy consumption on carbon emissions was stronger than financial literacy and appeared to be the driving force for the increase in carbon emissions. With low financial literacy observed in underdeveloped countries, the situation was not favorable for the environment. As financial literacy increased, welfare, income, and consumption increased too, leading to an increase in greenhouse gas emissions, i.e., a bigger CO2 footprint. Once a certain stage of economic development was reached, the relationship was reversed, i.e., in developed countries, financial literacy worked towards reducing the carbon footprint and protecting the environment.

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Section: Methodsmentioning

confidence: 99%