The Impact of Greenhouse Gas Emissions on Personal Well-Being: Evidence from a Panel of 58 Countries and Aggregate and Regional Country Samples

Abstract

This study investigates the link between personal well-being and per capita greenhouse gas emissions by considering a panel data methodological approach. The empirical findings illustrate that there is a significant effect of those emissions on personal well-being through the aggregate country sample. A robust finding is that similar results hold across regional samples, with the strongest effect being displayed in the case of the European regional component. The empirical findings are expected to carry important implications for consumers, corporations, and economic policy makers who all must take explicitly into consideration the impact of their economic decisions on the sustainability of economic growth plans.