Problem

As climate change continues to be a pressing issue, the G20 nations have made commitments to reduce their carbon emissions. However, it is unclear how effective these commitments have been in actually reducing emissions. Our team was tasked with assessing the effectiveness of G20 climate commitments through a comparative analysis of policy implementation and impact.

One of the main challenges we faced was collecting reliable data on policy implementation and impact across all G20 nations. Additionally, there were different types of econometric models that could be used for analysis, which required careful consideration and selection.

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Solution

To address the challenge of collecting reliable data, we conducted extensive research and utilized multiple sources to ensure accuracy. We also worked closely with experts in the field to validate our findings.

In terms of selecting an appropriate econometric model, we decided to use a combination of difference in difference (DID) and instrumental variable (IV) models. This allowed us to control for external factors that may have influenced emissions reduction while also accounting for potential endogeneity issues.

Impact

X% reduction in carbon emissions across G20 nations since implementation of climate commitments
X% increase in public awareness about the importance of reducing carbon emissions

"This project has had an incredible impact on our understanding of the effectiveness of G20 climate commitments."

Team

Team Member #1 - Data Scientist
- Developed and executed econometric models for analysis
- Conducted extensive research to collect reliable data
Team Member #2 - Climate Policy Expert
- Provided subject matter expertise on G20 climate commitments and policy implementation
- Validated findings and provided insights for further analysis

Assessing G20 Climate Commitments Effectiveness