The evolution of the environmental Kuznets curve concept: the review of the research

Abstract

The paper aims to describe the evolution of the environmental Kuznets curve, from its origin up to its present status, and to systemise the results of the empirical studies of the relationship between the emissions of greenhouse gases and economic growth. The environmental Kuznets curve indicates that at the early stages of economic growth, pollution increases with the growing use of resources, but when a certain level of income per capita is reached, the trend reverses so that, at a higher development stage, further economic growth leads to the improvement of the environment. The paper starts with a description of the most influential theories of the environmental economics that helps to highlight an effective environmental approach. The article may be useful for scientists and policy makers, analysing the trends of the economic development of various countries and the problems of the relationship between the environmental indicators and economic growth.