Evaluating the IPAT formula in Greece over the 1960-2019 period with respect to CO2 emissions

The IPAT formula attempts to evaluate the impact of human activity on the environment. Considering specifically the total emissions of carbon dioxide (greenhouse gas) as the impact of human activity on the environment, the IPAT equation takes the particular form of the Kaya identity proposed by Yoichi Kaya in 1993. This paper adopts the Tapio decoupling approach and explores the underlying factors, through a Kaya identity formulation, that have driven the evolution of CO2 emissions in Greece from 1960 to 2019, which is a rather long period of time. The study evaluates the contribution of each factor of the Kaya identity over time to the shaping of CO2 emissions over time in Greece. Results could be helpful for the implementation of proper strategies focusing in mitigating CO2 emissions without hindering the economic growth process in Greece.