scholarly journals EU-28’s progress toward the 2020 renewable energy share: a club convergence analysis

2021 ◽  
Author(s):  
María José Presno ◽  
Manuel Landajo
Keyword(s):  
Renewable Energy ◽  
Probit Model ◽  
Club Convergence ◽  
Capita Expenditure ◽  
Heating And Cooling ◽  
Real Gdp ◽  
Club Membership ◽  
Real Gdp Per Capita ◽  
Energy Share ◽  
The Eu

AbstractThis paper assesses the convergence of the EU-28 countries toward their common goal of 20% in the renewable energy share indicator by year 2020. The potential presence of clubs of convergence toward different steady-state equilibria is also analyzed from both the standpoints of global convergence to the 20% goal and specific convergence to the various targets assigned to Member States. Two clubs of convergence are detected in the former case, each corresponding to different renewable energy source targets. A probit model is also fitted with the aim of better understanding the determinants of club membership, which seemingly include real GDP per capita, expenditure on environmental protection, energy dependence, and nuclear capacity, with all of them having statistically significant effects. Finally, convergence is also analyzed separately for the transport, heating and cooling, and electricity sectors.

scholarly journals DAYA SAING MINYAK SAWIT DAN DAMPAK RENEWABLE ENERGY DIRECTIVE (RED) UNI EROPA TERHADAP EKSPOR INDONESIA DI PASAR UNI EROPA

2018 ◽  
Vol 5 (2) ◽  
pp. 125
Author(s):  
Gisa Rachma Khairunisa ◽  
Tanti Novianti
Keyword(s):  
Renewable Energy ◽  
Palm Oil ◽  
Comparative Advantage ◽  
Export Price ◽  
Gravity Models ◽  
Real Gdp ◽  
Oil Exports ◽  
Real Gdp Per Capita ◽  
The Impact ◽  
The Eu

<em>Palm oil is Indonesia's main export commodity. The EU is Indonesia's largest palm oil importer second after India, so it can affect the condition of Indonesia's palm oil exports. In 2009 the EU issued a Renewable Energy Directive that may have an impact on Indonesia's palm oil exports. The purpose of this study was to analyze the competitive position of Indonesian palm oil using the Revealed Comparative Advantage (RCA) and the Export Product Dynamics (EPD) as well as analyze the impact of policies Renewable Energy Directive towards the export value of Indonesian palm oil using gravity models. RCA analysis results indicate that the Indonesian palm oil has a comparative advantage (RCA&gt; 1). Analysis of Indonesian palm oil EPD average is in position "Rising Star". The results of the analysis of gravity models show a real GDP per capita in the country of destination, the population of the country of destination, the export price of palm oil, and the Renewable Energy Directive policies significantly affect the value of exports of palm oil, while Indonesia and the real exchange rate had no significant effect within the economy.</em>

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 Impact of Trade and Financial Globalization on Renewable Energy in EU Transition Economies: A Bootstrap Panel Granger Causality Test

Energies ◽  
2020 ◽  
Vol 14 (1) ◽  
pp. 19
Author(s):  
Yilmaz Bayar ◽  
Mahmut Unsal Sasmaz ◽  
Mehmet Hilmi Ozkaya
Keyword(s):  
Renewable Energy ◽  
Co2 Emissions ◽  
Granger Causality Test ◽  
Financial Globalization ◽  
Causality Analysis ◽  
Causality Test ◽  
Real Gdp ◽  
Panel Granger Causality ◽  
Real Gdp Per Capita ◽  
Per Capita

The globalized world has experienced significant environmental degradation together with raising global production and population. In this context, the employment of renewable energy use has become crucial for a sustainable environment and development. In the research, the mutual causality among renewable energy, trade and financial globalization, real GDP per capita, and CO2 emissions in EU transition economies experiencing the integration with global economy was explored through bootstrap panel Granger causality test for the period of 1995–2015. The causality analysis revealed a unilateral causality from trade globalization to renewable energy in Estonia, Latvia, and Slovenia, and from renewable energy to trade globalization in Croatia and Lithuania. However, no significant causality between financial globalization and renewable energy was revealed. On the other side, a unilateral causality from CO2 emissions to renewable energy in Lithuania and Slovenia, and from renewable energy to CO2 emissions in Czechia, Hungary, and Latvia and a reciprocal causality between renewable energy to CO2 emissions in Romania and Slovakia and a unilateral causality from real GDP per capita to renewable energy in Czechia, Romania, and Slovenia was discovered in the causality analysis.

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 The Impact of Renewable Energy Investment on Economic Growth

2020 ◽  
Vol 9 (2) ◽  
pp. 234
Author(s):  
Harith Hadi Mohammed AlDarraji ◽  
Amir Bakir
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Trade Openness ◽  
Energy Investment ◽  
Independent Variables ◽  
Real Gdp ◽  
Significant Relationships ◽  
Real Gdp Per Capita ◽  
Renewable Energy Investment ◽  
The Impact

The study aimed to define and assess the impact of renewable energy on economic growth. It used panel data for 18 countries during the period 2008-2015. The FMOLS econometric technicality was used to estimate the relevant relations between the independent variables, namely; renewable energy, capital, labor and trade openness and the dependent variable, real GDP per capita. The study found that renewable energy affects economic growth positively, however, the elasticity was highly inelastic. Also, the study found positive and significant relationships between economic growth and the other three independent variables with inelastic elasticities. The study concluded that countries should be encouraged to invest in renewable energy and gradually decrease their dependence on conventional energy. Also, it highly recommended to remove all obstacles facing the development of renewable energy.

scholarly journals EVIDENCE FOR ECONOMIC CONVERGENCE IN THE EU: THE ANALYSIS OF PAST EU ENLARGEMENTS

2015 ◽  
Vol 22 (4) ◽  
pp. 617-630 ◽  
Author(s):  
Wadim STRIELKOWSKI ◽  
Felix HÖSCHLE
Keyword(s):  
European Union ◽  
Gdp Per Capita ◽  
Economic Convergence ◽  
The European Union ◽  
Member States ◽  
The Past ◽  
Real Gdp ◽  
Real Gdp Per Capita ◽  
Per Capita ◽  
The Eu

This paper discusses the evidence of economic convergence in the European Union during the past several decades and consecutive EU enlargements. We cluster different member states of the European Union by groups representing countries that joined the EU together and analyze whether these clusters converge against each other. In addition, we analyse whether there is a convergence within different groups of countries. We employ real GDP per capita in its seasonally adjusted version as the measure of convergence. Our results reveal that there is not much evidence about the existence of economic convergence within the European Union.

scholarly journals Renewable Heating and Cooling Solutions for Buildings and Industry

Proceedings ◽  
2020 ◽  
Vol 65 (1) ◽  
pp. 16
Author(s):  
Andrea Frazzica ◽  
Régis Decorme ◽  
Marco Calderoni ◽  
Alessandra Cuneo ◽  
Zuzana Taťáková ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Heat Pump ◽  
Solar Thermal ◽  
Renewable Energy Technologies ◽  
Energy Technologies ◽  
Heating And Cooling ◽  
Common Strategy ◽  
Selection Of

This workshop brought together a selection of H2020 EU-funded projects involving experts from the biomass, geothermal, solar thermal, and heat pump sectors to discuss a common strategy for increasing the use of renewable energy technologies for heating and cooling for buildings and industry.

scholarly journals Does the Increase in Renewable Energy Influence GDP Growth? An EU-28 Analysis

Energies ◽  
2021 ◽  
Vol 14 (16) ◽  
pp. 4762
Author(s):  
Daniela Nicoleta Sahlian ◽  
Adriana Florina Popa ◽  
Raluca Florentina Creţu
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Greenhouse Gases ◽  
Negative Impact ◽  
Gdp Growth ◽  
Panel Analysis ◽  
Renewable Sources ◽  
Per Capita ◽  
Near Future ◽  
The Eu

The aim of our study was to analyze whether the increase in the use of renewable energy can help GDP growth. The research carried out shows that renewable energy has the ability to decrease or neutralize the negative impact of greenhouse gases (GHG), but also to maintain economic growth. We focused our analysis on the EU-28 as we know that the EU Commission’s aim, in the near future, is to join forces to reduce the GHG used and move to renewable sources. We used a panel analysis with data between 2000 and 2019 from all Member States, and our results showed that their economic growth is influenced positively by the production of renewable energy, the GHG per capita, and the GHG intensity per GDP.

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