scholarly journals Analyzing the Impact of the Renewable Energy Sources on Economic Growth at the EU Level Using an ARDL Model

Mathematics ◽  
2020 ◽  
Vol 8 (8) ◽  
pp. 1367 ◽  
Author(s):  
Mihail Busu
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Regression Model ◽  
Negative Impact ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
The European Union ◽  
Causality Analysis ◽  
The Impact ◽  
The Eu

Energy is one of the most important drivers of economic growth, but as the population is increasing, in normal circumstances, in all countries of the world, there is a demand for energy produced from conventional resources. Increasing prices of conventional energy and the negative impact on the environment are two of the main reasons for switching to renewable energy sources (RESs). The aim of the paper is to quantify the impact of the RESs, by type, on the sustainable economic growth at the European Union (EU) level. The research was performed for all 28 EU member states, for a time frame from 2004 to 2017, through a panel autoregressive distributed lag (ARDL) approach and causality analysis. Furthermore, Hausman test was performed on the regression model. By estimating the panel data regression model with random effects, we reveal through our results that RESs, namely wind, solar, biomass, geothermal, and hydropower energy, have a positive influence on economic growth at EU level. Moreover, biomass has the highest impact on economic growth among all RES. In fact, a 1% increase in biomass primary production would impact the economic growth by 0.15%. Based on econometric analysis, our findings suggest that public policies at the EU level should be focused on investment in RESs.

scholarly journals Changes in Energy Consumption in Agriculture in the EU Countries

Energies ◽  
2021 ◽  
Vol 14 (6) ◽  
pp. 1570
Author(s):  
Tomasz Rokicki ◽  
Aleksandra Perkowska ◽  
Bogdan Klepacki ◽  
Piotr Bórawski ◽  
Aneta Bełdycka-Bórawska ◽  
...  
Keyword(s):  
European Union ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Correlation Coefficient ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
The European Union ◽  
Eu Countries ◽  
Research Hypothesis ◽  
The Eu

The paper’s main purpose was to identify and present the current situation and changes in energy consumption in agriculture in the European Union (EU) countries. The specific objectives were the determination of the degree of concentration of energy consumption in agriculture in the EU countries, showing the directions of their changes, types of energy used, and changes in this respect, establishing the correlation between energy consumption and changes in the economic and agricultural situation in the EU countries. All member states of the European Union were deliberately selected for research on 31 December 2018 (28 countries). The research period covered the years 2005–2018. The sources of materials were the literature on the subject, and data from Eurostat. Descriptive, tabular, and graphical methods were used to analyze and present materials, dynamics indicators with a stable base, Gini concentration coefficient, concentration analysis using the Lorenz curve, coefficient of variation, Kendall’s tau correlation coefficient, and Spearman’s rank correlation coefficient. A high concentration of energy consumption in agriculture was found in several EU countries, the largest in countries with the largest agricultural sector, i.e., France and Poland. There were practically no changes in the concentration level. Only in the case of renewable energy, a gradual decrease in concentration was visible. More and more countries developed technologies that allow the use of this type of energy. However, the EU countries differed in terms of the structure of the energy sources used. The majority of the basis was liquid fuels, while stable and gaseous fuels were abandoned in favor of electricity and renewable sources—according to which, in the EU countries, the research hypothesis was confirmed: a gradual diversification of energy sources used in agriculture, with a systematic increase in the importance of renewable energy sources. The second research hypothesis was also confirmed, according to which the increase in the consumption of renewable energy in agriculture is closely related to the economy’s parameters. The use of renewable energy is necessary and results from concern for the natural environment. Therefore, economic factors may have a smaller impact.

Kazakhstan: Assessment of Renewable Energy Support and a Green Economy

2021 ◽  
Vol 12 (3) ◽  
pp. 631
Author(s):  
Sergey BESPALYY
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Power Plants ◽  
Renewable Energy Sources ◽  
The State ◽  
Green Economy ◽  
Energy Sources ◽  
Environmentally Sustainable ◽  
The Government ◽  
The Impact

The growth of renewable energy sources (RES) shows the desire of the government of Kazakhstan to meet challenges that affect the welfare and development of the state. National targets, government programs, policies influence renewable energy strategies. In the future, renewable energy technologies will act as sources of a green economy and sustainable economic growth. The state policy in the field of energy in Kazakhstan is aimed at improving the conditions for the development and support of renewable energy sources, amendments are being made to provide for the holding of auctions for new RES projects, which replaces the previously existing system of fixed tariffs. It is expected that the costs of traditional power plants for the purchase of renewable energy will skyrocket, provided that the goals in the field of renewable generation are achieved. This article provides an assessment of international experience in supporting renewable energy sources, as well as analyzes the current situation in the development of renewable energy in Kazakhstan and the impact on sustainable development and popularization of the «green» economy. The study shows that by supporting the development of renewable energy sources, economic growth is possible, which is achieved in an environmentally sustainable way.

scholarly journals The Policy of Renewable Energy Sources in the Function of the Environmental Protection in the EU

2015 ◽  
Vol 53 (3) ◽  
pp. 344-353
Author(s):  
Dejan Ž. Đorđević ◽  
Milan Veselinović
Keyword(s):  
European Union ◽  
Renewable Energy ◽  
Energy Policy ◽  
Industrial Revolution ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
The European Union ◽  
Effective Response ◽  
Total Energy Balance ◽  
The Eu

AbstractThe policy of renewable energy sources has gained more importance over recent years. The European Union is facing serious challenges regarding greenhouse gas emissions and energy sustainability, followed by the supply security, import dependence and competitiveness as well as the effective implementation of the internal energy market. The energy policy of the European Union is the most effective response to the new situation the member states of the European Union are facing. The EU energy policy aims to cause a new industrial revolution and the growth of the economic energy efficiency with low emissions of carbon dioxide. In order to achieve this, targets have been set for the future. Among them is the increase in the share of production and consumption of renewable energy in the total energy balance.

scholarly journals Hiszpańskie i niemieckie osiągnięcia w rozwoju energetyki odnawialnej: aspekt prawny

2004 ◽  
Vol 2 (1) ◽  
pp. 415-430
Author(s):  
Leszek Karski
Keyword(s):  
Renewable Energy ◽  
Renewable Energy Sources ◽  
National Level ◽  
Energy Sources ◽  
The European Union ◽  
Security Of Supply ◽  
Environmentally Sustainable ◽  
European Union Enlargement ◽  
Polish Law ◽  
The Eu

Certainly, the renewable energy sector in Poland should be the beneficiary of the European Union enlargement. It results from both the energy policy and EU law. Poland should adopt national law to the EU requirements in the field of renewable energy sources. Polish legislators may rest on other countries' experiences in this subject. We especially should take into consideration Spanish and German measures. Spanish and German mechanisms of support for renewable energy sources at the national level are very interesting solutions. Those measures are intended to help to attain objectives such as meeting the commitments given on climate change, environmentally sustainable security of supply, and promotion of renewable energy sources. The article is an analysis of Spanish and German support systems in view of the modification of Polish law in the field of renewable energy sources.

scholarly journals The Situation of Households on the Energy Market in the European Union: Consumption, Prices, and Renewable Energy

Energies ◽  
2021 ◽  
Vol 14 (19) ◽  
pp. 6364
Author(s):  
Aleksandra Matuszewska-Janica ◽  
Dorota Żebrowska-Suchodolska ◽  
Agnieszka Mazur-Dudzińska
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Negative Impact ◽  
Renewable Energy Sources ◽  
Energy Market ◽  
Modern World ◽  
Energy Prices ◽  
The European Union ◽  
Eu Countries ◽  
The Eu

Energy plays a crucial role in the modern world. The acquisition and consumption of energy is unfortunately associated not only with economic development or the facilitation of everyday life, but also with a negative impact on the environment. To prevent these, measures are being taken which are part of a broad programme referred to as sustainable energy development (SED). A special place among energy consumers is occupied by households, as access to energy is a fundamental factor affecting the quality of life. The aim of this paper is to look at and assess the current situation of the household sector in the EU energy market in the context of SED and to point out similarities and differences between EU countries. The analysis considers factors based on SED indicators: final energy consumption per capita, energy prices offered to households, and the share of renewable energy in household energy consumption. The k-means method was used as a research tool. The results obtained indicate first of all that the EU countries are highly differentiated in terms of the analysed factors. It can be said that these differences result not only from the wealth of a given country, geographical location, or natural possibilities to use renewable energy sources, but mainly from the energy policies implemented in individual countries.

scholarly journals Prospects for development of Ukraine and EU in the field of renewable energy sources

2019 ◽  
Vol 61 ◽  
pp. 01008 ◽  
Author(s):  
Mykola Khomenko ◽  
Kateryna Pryakhina ◽  
Kostyantyn Latyshev
Keyword(s):  
European Union ◽  
Renewable Energy ◽  
Policy Development ◽  
Alternative Energy ◽  
Action Plan ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
The European Union ◽  
Small Hydropower ◽  
The Eu

In article assessment of tendencies and prospects of cooperation between Ukraine and the European Union in the field of renewable energy sources was carried out. Over the past decades, the theme of climate change, especially caused by human activity, has become one of the most acute and most exploited in scientific disputes. Today, the problem of finding new sources of energy is more than acute, with a special place occupy non-traditional ones. The reduction of Ukraine's energy dependence on traditional fuel resources is possible only through the development and use own alternative energy, which uses local resources – bioenergy as a fuel or does not require a fuel component at all – solar, wind and small hydropower. The European Union is one of the leaders in the implementation of alternative energy and renewable energy sources and initiates the creation of many organizations that finance alternative energy projects. Ukraine should ensure the effective convergence of its own legislation with the European Union, since it defined the European integration vector as a priority area of foreign policy development. At the same time, within the framework of the Union, the mechanism of environmental protection and progressive approaches to the implementation of energy policy, including in the field of renewable energy, can serve as the most constructive benchmarks for Ukraine's development in this area. Ukraine signed the Paris Agreement, and undertook certain commitments, namely: in accordance with the National Action Plan on alternative energy up to 2020, the objective was to reach 11% of RES in gross final energy consumption. Achieving this goal is possible only in the case of international cooperation with the EU in the field of alternative energy. However, today, the study of the prospects of cooperation between Ukraine and the EU in this field is not developing sufficiently and there is a certain vacuum in solving strategic problems in this context, which determines the relevance of the topic.

scholarly journals Analysis of the RES Potential in Accordance with the Energy Policy of the European Union

Energies ◽  
2021 ◽  
Vol 14 (19) ◽  
pp. 6030
Author(s):  
Tomasz Jałowiec ◽  
Henryk Wojtaszek
Keyword(s):  
Climate Change ◽  
Economic Growth ◽  
European Union ◽  
Renewable Energy ◽  
Energy Policy ◽  
Renewable Energy Sources ◽  
Clean Energy ◽  
Developed Countries ◽  
Energy Sources ◽  
The European Union

There is a need to reduce carbon-based energy and replace it with clean energy in order to counteract the negative effects of climate change. The increase in renewable energy sources may result in savings and the increasing cost of maintaining carbon-based energy. Worldwide involvement is required. The fulfillment of conditions by individual states does not solve the problem. The COVID-19 pandemic has slowed economic growth. It turns out that economic growth is not always associated with increased investments in RES (existing or emerging new clean energy points). We have a new epidemiological threat—Delta—which could become large. This will not improve the situation. Germany is an exemplary country for benchmarking in the field of renewable energy. The worrying fact is that Poland, despite economic growth, does not achieve an even growth in RES. Each of us is required to be involved, to be open to innovation and to act in accordance with the energy policy of the European Union. Basic management functions (planning, organizing, motivating and controlling) are also essential. Failure to meet the demands of the energy policy should be thoroughly verified and consequences should be drawn in order to involve the whole world. The authors thoroughly analyzed many factors that have a significant impact on the success in stopping climate change and increasing RES. With the increase in energy demand, renewable energy is introduced to a greater extent. Additionally, coal energy will be more expensive to maintain. The more RES, the more expensive the energy obtained from mine sources. The investment is an opportunity to meet the demands of RES, but investors are currently only interested in investing in renewable energy in highly developed countries. The decision-making process regarding the implementation of renewable energy sources not only consists in a radical decision to introduce changes, but also in the fulfillment of a number of assumptions regarding the energy policy controlled by the authorities of a given state as part of this action. There is a risk (fear) in underdeveloped countries that they will not be able to finalize this project, either due to the lack of investor interest or the lack of real opportunities due to the failure to meet the guidelines of the energy policy of a given country. It is advisable that state governments facilitate the process as much as possible so that even less developed countries could take advantage of this postulate.

scholarly journals Global Energy Transition and the Role of Energy Mix in Creating Energy Crisis in Pakistan

2019 ◽  
Vol 7 (2) ◽  
pp. 219-232 ◽  
Author(s):  
Jibran Hussain ◽  
Sallahuddin Hassan
Keyword(s):  
Renewable Energy ◽  
Ad Hoc ◽  
Developing Economies ◽  
Negative Impact ◽  
Renewable Energy Sources ◽  
Energy Markets ◽  
Energy Crisis ◽  
Energy Sources ◽  
Energy Mix ◽  
The Impact

The reliance on non-renewable energy sources is the influence scheming international energy markets and macroeconomic dynamics. Developing economies remain volatile to energy markets due to their heavy reliance on non-renewable energy sources and their low capability to maintain stable energy stock and expensive energy mix, such as Pakistan. The application of autoregressive distributed lag shows that the impact of the energy mix has a significant positive impact on the energy crisis of Pakistan in the long run. Which means that at the macroeconomic perspective only increasing prices of energy have adverse effects, whereas in the short run energy mix shows a significant negative impact on the energy crisis, implying artificial and unsuitable short term ad-hoc adjustments. Therefore, the reluctance in transforming towards the renewable energy sources and ad-hoc adjustments in the formation of the energy mix is a factor of energy crisis in the country.

scholarly journals Forecasting the impact on the environment of generating sources in agricultural production

2021 ◽  
Vol 262 ◽  
pp. 01036
Author(s):  
E. Timofeev ◽  
A. Erk
Keyword(s):  
Renewable Energy ◽  
Agricultural Production ◽  
Energy Efficient ◽  
Alternative Energy ◽  
Negative Impact ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Distributed Energy ◽  
Coal Fuel ◽  
The Impact

The development of rural electrification is aimed at distributed energy, i.e. availability of autonomous sources of electricity and heat generation. Generation sources can use coal, fuel oil, gas, local and alternative energy sources as fuel and energy resources. This causes additional emissions of pollutants. Prediction of negative impact on the environment depends on the quantity and quality of emissions during the operation of various types of installations that generate electric and thermal energy. The purpose of the study is to select and substantiate the most attractive method for predicting the impact on the environment of generating sources in agricultural production. The widespread introduction of distributed energy using local and renewable energy sources will significantly reduce emissions of pollutants due to a decrease in energy intensity, matching the required load with the capacity of generation sources, using the most energy efficient sources, and widespread introduction of renewable energy sources. In this regard, it is advisable to forecast the impacts by the scenario method considering the implementation of the proposed distributed power supply system. The implementation of measures developed considering the analysis of the forecast of the negative impact on the environment of generating plants in agricultural enterprises will reduce the negative impact on the environment by introducing energy-efficient technologies into the energy balance of the enterprise, as well as increase production by up to 20% and increase sustainability. rural areas.

scholarly journals The Impact of Renewable Energy Sources on the Economic Growth of Poland and Sweden Considering COVID-19 Times

Energies ◽  
2022 ◽  
Vol 15 (1) ◽  
pp. 332
Author(s):  
Bogusław Ślusarczyk ◽  
Patrycja Żegleń ◽  
Aldona Kluczek ◽  
Anna Nizioł ◽  
Małgorzata Górka
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Statistical Significance ◽  
National Income ◽  
Energy Sources ◽  
Government Officials ◽  
Analysis Of Results ◽  
The Impact

A demonstration of the relationship between the share of renewables in gross marginal energy and selected countries’ economic growth is the basis of this research. The paper seeks to investigate mutual correlations between renewable energy sources and economic growth for two EU economies and how it influences their fluctuations (increase and decrease). The comparative analysis of results was carried out for less-income Polish and high-income Swedish economies. This research used a regression model to answer the research questions examining the presence of correlations between renewable energy sources in gross marginal energy consumption and economic growth. This study analyzes data starting from 1991 to 2022. The results indicated a positive correlation (statistical significance) between Gross Domestic Product and Gross National Income variables for Sweden (84.6% and 83.7%, respectively) and Poland (79.9% and 79.2%, respectively), which influence the use of renewable energy sources. The findings also reveal that the higher economic growth caused by the use of renewables is observed for the leading countries but at the same time the risk of a greater recession is much more likely than in other countries. These findings would help government officials and policymakers to better understand the role of renewable energy in the economic growth of these countries. This study has contributed to the literature on renewable energy sources and statistical reports under the EU energy sector framework.

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