Carbon Footprint Analysis: Towards a Projects Evaluation Model for Promoting Sustainable Development

Climate change and global warming are internationally recognized as current issues, driving negative effects on humanity, and being mainly caused by GHG emissions generated both from industrial activities, and from other anthropogenic activities. Restoring the ecological balance requires urgent action to reduce GHG emissions. In this respect, the European Union has set the target to reduce the GHG emissions by 20% until 2020, compared to 1990 level. This paper presents a methodology to develop a model for carbon footprint calculation, for assessing and reducing GHG emissions generated by European funds financed projects.