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TRENDS OF THE MODERN ERA: "GREEN ECONOMY AND SUSTAINABLE DEVELOPMENT" I INTERNATIONAL CONFERENCE OF RESEARCHERS ON ECONOMICS AND SOCIAL SCIENCES CONFERENCE MATERIALS Bakı, Azərbaycan 16-17 Dekabr 202, vol.4, no.1, pp.406-410, 2024 (Conference Book)
The term "carbon footprint" has gained significant popularity in recent years and is widely used in various organizations. A carbon footprint refers to the amount of carbon dioxide emissions associated with all activities of a person or other entities (such as buildings, factories, etc.). With climate change increasingly occupying top positions on political and corporate agendas, there is a growing demand for carbon footprint calculations. These calculations can be approached through numerous methods and tools, ranging from basic computations to complex life cycle analyses and input-output-based assessments. Despite the widespread use of the term "carbon footprint," academic definitions have not clearly articulated what it precisely entails. Surprisingly, despite the publication of countless studies claiming to measure the carbon footprint in the fields of energy and ecological economics, it remains inadequately clarified in scientific literature. Among the primary referenced sources for this research are authoritative literature such as IPCC, Wiedmann and Minx, and Metcalf and Weisbach. These sources are of great significance in the development of carbon emissions and related strategies. The analysis of the economic significance of the carbon footprint helps in making effective decisions for sustainable development policies.