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03-13-2025 09:48 AM - last edited 03-13-2025 14:34 PM
The Contains modified Copernicus Climate Change Service information (2025) dataset from Our World in Data offers monthly average global surface temperature data from 1950 to 2025.
The Global Carbon Budget (2024) dataset, also from Our World in Data, provides data on annual CO₂ emissions by country and industry from 1750 to 2023.
To facilitate better analysis, the data was grouped into periods of 10 years, with the exception of the last period (2020-2023). The final period was excluded from correlation analysis to avoid potential misleading conclusions.
This approach enabled a straightforward comparison of total CO2 emissions with the average global surface temperature over time. A new table, named "co2emissions_and_temperature_decades" was created using these variables to compute the Pearson correlation.
Given the temperature rise in the 1980s (following the third industrial revolution), we also calculated the total CO2 emissions by country and industry from 1970 to 2019.
With the newly created table, we calculated the Pearson correlation and p-value using the following formulas:
Covariance:
Standard Deviation of Temperature:
Standard Deviation of CO2:
Pearson Correlation:
t-Statistic:
p-Value:
This resulted in a strong positive correlation value of 0.95 and a p-value of less than 0.05, indicating a significant relationship between CO2 emissions and global temperature.
With this data, a linear regression was performed to determine how much CO2 emissions are required to increase the global temperature. The following formulas were used:
Slope:
Intercept:
Thus, the analysis showed that every 100 billion units of CO2 emissions results in a 0.25°C increase in the average global surface temperature.
We observed that the third industrial revolution may significantly contribute to rising average temperatures. However, it's also important to remember that correlation does not always imply causation. For example, ice cream sales and swimming pool drownings are strongly correlated, but stopping ice cream sales won’t reduce drownings. Both are likely linked to summer weather, increasing pool activity and ice cream consumption.
While CO2 emissions are a likely cause of global warming, other factors like deforestation and methane emissions should also be considered in further analyses.
Created by @lps_solutions
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Great report with good flow!
This report has changed significantly from when I previously viewed it. In Power BI, changes can be made and republished multiple times, but viewers can’t see the published date. I hope the judges can access that information and consider the original submission time to ensure fairness in the evaluation process.
@DamianSmith00 , Can you please clarify? The report has been unchanged since March 13th, so it's valid.
Very nice dashbord , all the maths you did behind give an impressif result, good job bro! 🙂
Great job!
Great Analysis!!
Great report! 💪
Full of insights and very pleasing to the eye.
I wish you the best of luck in the competition!
Simple yet effective project layout! Love how you walked the reader through the details of linear regression and the relationship between emissions and temperature.
Very nice report, well done!
Very nice report, well done!
Nice insights! Well done 🙂
Wow! Regression analysis and Correlation analysis. I struggled in Biz stats class at univ....😓
I like your dash design!