What is Low Carbon Development (or Trajectory)

Climate change is global both in its causes and in its consequences. The rising temperatures, the variable amounts of precipitation, and occurrence of extreme weather conditions affect all countries regardless of their geographical position and level of development, determining their production potential and the quality of living conditions of the population. The nature of the problem requires a comprehensive approach in order to the world to face climate change in the most effective way and to translate the global economy to the new development model that will be based on low-carbon sustainable economic growth. After detailed theoretical consideration, the influence of selected determinants on carbon dioxide emissions is modeled, using multiple linear regression model. The research is conducted on the example of Netherlands, considering that it is the country that is located near the top of the scale according to the height of expenditures on environmental protection in EU. The results indicate a positive and significant influence of the selected determinants.