New research by the University of Sussex reveals that countries that are part of the Extractive Industries Transparency Initiative (EITI), which pushes for financial transparency over oil, gas, and mining revenues, have seen their carbon emissions reduce by 13% on average between 2000 and 2014.
The world average carbon footprint per capita, on the other hand, grew by 23% over the same period.
In a study published in the journal The Extractive Industries and Society, energy policy professor Benjamin Sovacool explains that while the relationship between EITI membership and carbon reductions is not necessarily deterministic, the scheme allowed countries to use recovered funds no longer lost to corruption to invest in more sustainable forms of energy and other environmental practices.
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