Convergence of renewable energy consumption in the EU-15: evidence from stochastic and club convergence tests

2019 ◽  
Vol 27 (6) ◽  
pp. 5901-5911 ◽  
Author(s):  
Adnan Kasman ◽  
Saadet Kasman
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Club Convergence ◽  
Renewable Energy Consumption ◽  
The Eu

scholarly journals Linking between Renewable Energy, CO2 Emissions, and Economic Growth: Challenges for Candidates and Potential Candidates for the EU Membership

2019 ◽  
Vol 11 (6) ◽  
pp. 1528 ◽  
Author(s):  
Yuriy Bilan ◽  
Dalia Streimikiene ◽  
Tetyana Vasylieva ◽  
Oleksii Lyulyov ◽  
Tetyana Pimonenko ◽  
...  
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Co2 Emissions ◽  
Panel Cointegration ◽  
Potential Candidate ◽  
Total Energy Consumption ◽  
Renewable Energy Consumption ◽  
Eu Membership ◽  
The Eu

This paper investigates the impact of renewable energy sources (RESs), CO2 emissions, macroeconomics, and the political stability in a country on the Gross Domestic Product (GDP). The authors analyse the dynamics of RESs use, CO2 emissions, and GDP development and also test the following hypotheses: (1) The country’s economic growth is related to the energy consumption, in terms of both human resources and capital; (2) the share of the renewable energy consumption of the total energy consumption has a positive impact on the economic growth; and (3) the share of the renewable energy consumption of the total energy consumption is unrelated to the economic growth. To test the above hypotheses, the authors use the modified Cobb-Douglas production function, which also considers RES production volumes, CO2 emissions, and economic growth. The study employs data between 1995 to 2015 from the candidate and potential candidate countries for the EU membership. The data are drawn from the World Bank and Eurostat. The analyses entail panel unit root tests, Pedroni panel cointegration tests, fully modified OLS (FMOLS), dynamic OLS (DOLS) panel cointegration techniques, and the Vector Error Correction model (VECM). The findings confirm the relationship between RESs, CO2 emissions, and the GDP. For the EU countries, RESs as human resources and capital have an impact on the GDP. Moreover, the results reveal a correction retraction when the economic growth leads to an increase in renewable energy consumption. The investigation also finds that candidate and potential candidate countries for the EU membership should foster renewable energy development. The authors conclude that developing affordable and effective instruments and mechanisms to boost the RES implementation is necessary to decrease the anthropogenic impact on the environment (in particular, decreasing CO2 emissions) without any attendant reduction in the economic growth.

scholarly journals Evolution and Forecasting of the Renewable Energy Consumption in the Frame of Sustainable Development: EU vs. Romania

2021 ◽  
Vol 13 (18) ◽  
pp. 10327
Author(s):  
Anca Mehedintu ◽  
Georgeta Soava ◽  
Mihaela Sterpu ◽  
Eugenia Grecu
Keyword(s):  
Sustainable Development ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Renewable Energy Sources ◽  
The European Union ◽  
Renewable Energy Consumption ◽  
Final Energy ◽  
Heating And Cooling ◽  
Final Energy Consumption ◽  
The Eu

This article is part of the concerns generated by the need to increase the consumption of renewable energy, so that in the European Union (EU) countries, its share in the final energy consumption, to reach 32% by 2030, increases. In the context in which, in the specialized literature, the analysis of renewable energy consumption by activity sectors is approached very little, such an analysis has high utility. The variables of interest are the share of renewable energy in the final energy consumption, and the share of renewable energy sources in the final energy consumption in transport, electricity, and heating and cooling. The study performs a comparative analysis of the evolution of these indicators for the period 2004–2019 for Romania and the EU, an empirical estimate of the evolution of indicators using time regression and autoregressive models, a forecast of the share of renewable energy consumption in the final energy consumption and by the main sectors (transport, electricity, and heating and cooling) for the 2030 horizon, providing appropriate scenarios for achieving the EU established goals, as well as an analysis of the interdependence between the indicators. Through the results obtained, the paper can contribute to improving the framework for the sustainable development of energy consumption.

scholarly journals The Nexus Between Convergence of Conventional and Renewable Energy Consumption in the Present European Union States. Explorative Study on Parametric and Semi-Parametric Methods

Energies ◽  
2020 ◽  
Vol 13 (20) ◽  
pp. 5272
Author(s):  
Gina Ionela Butnaru ◽  
Alina-Petronela Haller ◽  
Raluca Irina Clipa ◽  
Mirela Ștefănică ◽  
Mihaela Ifrim
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Social Systems ◽  
Parametric Methods ◽  
Renewable Energy Consumption ◽  
Member States ◽  
Eu Member States ◽  
Per Capita ◽  
Convergence Model ◽  
The Eu

Economic and social progress is directly and closely related to energy consumption. In the latest decades, there is a higher need to reduce energy consumption from conventional sources, replacing it with energy obtained from unconventional sources. The environmental concern is one of the objectives of the European economic policy, with a particular focus on renewable energy consumption and energy efficiency in order to lower the environmental impact. In this context, we analyzed energy consumption per capita and renewable energy consumption per capita in the EU with the help of parametric methods, using the β-convergence model, and semiparametric methods, using the σ-convergence model. In this research we proposed to study six analysis models of the period 1960–2015, based on the availability of data. We concluded that the EU states went through a convergence process in a slow pace of energy consumption per capita and renewable energy per capita, showing a convergence pattern. The results of the study show that there is a relationship between the convergence of conventional energy consumption and the convergence of renewable (unconventional) energy consumption. The study covers a long period of time in which EU member states had different economic and social systems, implicitly different degrees and rates of development. In addition, the interest in renewable energy is relatively recent in the whole world. There is a possibility that future research will provide more optimistic results, in terms of accelerating the convergence rate, as appropriate measures and technologies are applied to renewable energy production in all EU member states.

scholarly journals The Implementation of Climate Change Policy in Post-Soviet Countries Achieving Long-Term Targets

2020 ◽  
Vol 12 (11) ◽  
pp. 4558
Author(s):  
Yuliia Matiiuk ◽  
Mykolas Simas Poškus ◽  
Genovaitė Liobikienė
Keyword(s):  
Climate Change ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Carbon Emissions ◽  
Energy Intensity ◽  
Climate Change Policy ◽  
Renewable Energy Consumption ◽  
Change Policy ◽  
The Eu

Contribution to climate change mitigation is required for all world countries. Post-Soviet countries’ climate change policy strategies by 2030 (2035) were adopted relatively recently. Thus, the aim of this study is to analyze the achievements of climate change policy, encompassing carbon emissions, energy intensity, and renewable energy consumption, in separate Post-Soviet countries and to reveal the possibilities of reaching their long-term 2030–2035 targets. The results showed huge differences in carbon emissions, energy intensity, and the share of renewable energy consumption among Post-Soviet countries. Analyzing the trends of climate change policy implementation in almost all Post-Soviet countries (except Ukraine and Uzbekistan), carbon pollution increased during the analyzed period (2002–2014). The highest growth of emissions was observed in Georgia and Tajikistan. Furthermore, the economic development level was positively and significantly related to the level of carbon emissions. During the 2002–2014 period, energy intensity decreased in all Post-Soviet countries, particularly in those where the level was lower. The share of renewable energy consumption increased the most in countries that are members of the EU (Latvia, Lithuania, and Estonia) and Moldova, which declared its willingness to join the EU. However, the energy intensity and the share of renewable energy consumption were insignificantly related to the level of economic development. Analyzing the possibility of achieving the Post-Soviet countries’ climate change policy targets, the results showed that only some of them will succeed. Therefore, Post-Soviet countries should implement more efficient climate change policies and effective tools in order to achieve their targets.

scholarly journals Use of Renewable Energy Sources in the European Union and the Visegrad Group Countries—Results of Cluster Analysis

Energies ◽  
2021 ◽  
Vol 14 (18) ◽  
pp. 5680
Author(s):  
Elżbieta Kacperska ◽  
Katarzyna Łukasiewicz ◽  
Piotr Pietrzak
Keyword(s):  
European Union ◽  
Cluster Analysis ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
The European Union ◽  
Renewable Energy Consumption ◽  
Heating And Cooling ◽  
The Eu

Increasing the use of renewable energy sources is one of the strategic objectives of the European Union. In this regard, it seems necessary to answer the question: which of the member countries are the most effective in its implementation? Therefore, the main goal was to distinguish groups of European Union countries, including the Visegrad Group, differing in the use of renewable energy sources in transport, electricity, heating and cooling (based on cluster analysis). All members of the EU were determinedly selected for research on 1 February 2020 (27 countries). The research period embraced the years 2009–2019. The sources of materials were the literature on the topic and data from Eurostat. Descriptive, tabular, graphical methods and cluster analysis were used in the presentation and analysis of materials. In 2019 wind and hydro power accounted for two-thirds of the total electricity generated from renewable sources. In 2019, renewable energy sources made up 34% of gross electricity consumption in the EU-27. Wind and hydro power accounted for two-thirds of the total electricity generated from renewable sources (35% each). Moreover, it was determined that there were 5 clusters that differed in their use of renewable energy sources. The highest average renewable energy consumption in transport, heating and cooling in 2019 was characterized by a cluster consisting of Sweden and Finland. In contrast, the highest average renewable energy consumption in electricity was characterized by a cluster consisting of countries such as: Austria, Croatia, Denmark, Latvia and Portugal. Finally, in a group that included countries such as Belgium, France, Luxembourg, Malta, the Netherlands and the entire VG (Hungary, Czechia, Slovakia and Poland), renewable energy consumption rates (in transport, electricity, heating and cooling) were lower than the EU average (27 countries).

scholarly journals Comparing Renewable Energy Policies in the European Union and Turkey

2017 ◽  
Vol 10 (6) ◽  
pp. 112
Author(s):  
C. Zeynep Zafir ◽  
Mohammad Keivanfar
Keyword(s):  
European Union ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Renewable Resources ◽  
Renewable Energy Sources ◽  
Energy Condition ◽  
The European Union ◽  
Total Energy Consumption ◽  
Renewable Energy Consumption ◽  
The Eu

The European Commission’s policy on “climate change and energy” under the Renewable Energy Directive is an important part of the European Commission policies. As a target, the Commission wants its member countries to increase total energy consumption from renewable energy sources to 20% in the European Union (EU) by 2020. This means, any country which is interested in joining the EU should adhere to its policies and conditions regarding energy consumption. In this paper, firstly, we study the trend of renewable energy consumption in the EU. Data illustrate that the EU region, as a whole, is near its goal, although some members still have to work more or undertake reforms to reach the 20% renewable energy target. Secondly, the renewable energy condition in Turkey, a country that has been preparing in the past decade to join the EU, is surveyed. Based on the results, Turkey needs to pay attention to new renewable resources in order to reach the EU’s target.

scholarly journals Renewable Energy and Economic Performance in the Context of the European Green Deal

Energies ◽  
2020 ◽  
Vol 13 (23) ◽  
pp. 6440
Author(s):  
Mihaela Simionescu ◽  
Carmen Beatrice Păuna ◽  
Tiberiu Diaconescu
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Panel Data ◽  
Data Models ◽  
Panel Data Models ◽  
Renewable Energy Consumption ◽  
Eu Countries ◽  
Final Energy Consumption ◽  
The Eu

The European Green Deal considers the increase in the share of renewable energy in final energy consumption (REFEC) among the main targets for achieving sustainable EU economies. In this context, the main aim of this paper is to provide an empirical evaluation of the relationship between GDP, global competitiveness index (GCI) and renewable energy consumption. According to panel data models based on the fully modified ordinary least squares method (FMOLS), there is a positive effect of renewable energy consumption progress on GDP and GCI growth, and also a positive influence of economic growth on renewable energy consumption in the period 2007–2019 in the EU countries. The energy consumption is more influenced by economic growth rather than economic competitiveness. Few scenarios were proposed for economic growth and share of renewable sources (RESs) in the final consumption using as forecasting method the proposed panel data models. The cluster analysis suggested two groups of countries according to RES share in gross final energy consumption (GFEC). The first group includes six countries (Sweden, Denmark, Finland, Latvia, Portugal and Austria) that fixed a target of 30% or more, while the second one refers to countries with lower targets. Some policy recommendations are provided for the EU countries to enhance the utilization of renewable energy.

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