Analyzing the role of main energy transition policies upon renewable energy penetration in the EU: An assessment of energy productivity and low carbon economiesMendeley Data
In this study, we examine the relationship between various variables related to the transition process toward green economies outlined in the European Green Deal guidelines among member countries of the European Union. The two primary variables of interest are energy productivity and low carbon econ...
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Elsevier
2025-02-01
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| Series: | Environmental and Sustainability Indicators |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S2665972724002411 |
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| author | Gonzalo H. Soto Xuan-Hoa Nghiem Xavier Martinez-Cobas |
| author_facet | Gonzalo H. Soto Xuan-Hoa Nghiem Xavier Martinez-Cobas |
| author_sort | Gonzalo H. Soto |
| collection | DOAJ |
| description | In this study, we examine the relationship between various variables related to the transition process toward green economies outlined in the European Green Deal guidelines among member countries of the European Union. The two primary variables of interest are energy productivity and low carbon economies between 2004 and 2022 upon renewable energy penetration. By employing fully modified ordinary least squares (FMOLS) and canonical cointegrating regression (CCR) estimation methods and dynamic ordinary least squares (DOLS) for robustness, we conclude that energy productivity discourages the use of renewable energy among European countries, having a negative effect on the utilization of said energy estimated at a decrease of renewable energy use by 0.24% for each 10% increase in energy productivity. On the other hand, the transition process toward less fossil fuel-dependent energy contributes to a greater utilization of renewable energy, with a 0.11% increase for each 10% increase in the use of renewable energy over fossil fuels. Within this analytical framework, we observe that the positive correlation between energy productivity and environmental sustainability does not stem from an uptick in renewable energy integration. Instead, it arises from a reduction in energy inputs within the broader productivity framework. Concurrently, the transition towards greener energy landscapes aims not merely to curtail overall energy consumption but to initiate a strategic process of substituting conventional fuel sources with renewable alternatives, thereby fostering environmental enhancement through energy source diversification. |
| format | Article |
| id | doaj-art-98f49a5497ba405583dcbbfa1a5e1f5f |
| institution | Kabale University |
| issn | 2665-9727 |
| language | English |
| publishDate | 2025-02-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Environmental and Sustainability Indicators |
| spelling | doaj-art-98f49a5497ba405583dcbbfa1a5e1f5f2025-01-29T05:01:53ZengElsevierEnvironmental and Sustainability Indicators2665-97272025-02-0125100573Analyzing the role of main energy transition policies upon renewable energy penetration in the EU: An assessment of energy productivity and low carbon economiesMendeley DataGonzalo H. Soto0Xuan-Hoa Nghiem1Xavier Martinez-Cobas2Hong Kong Metropolitan University, Lee Shau Kee B&A Department, 30, Good Sheperd Street, Ho Man Tin, Kowloon, Hong KongInternational School, Vietnam National University, Room 208, Building C, Hacinco Student's Village, 79 Nguy Nhu Kon Tum Street, Thanh Xuan District, Hanoi, Viet NamUniversidade de Vigo. Department of Accounting and Financial Economics, Vigo, Galicia, Spain; Corresponding author. Facultade de Economía e Administración de Empresas, Universidade de Vigo, 36310, Vigo, Galicia, Spain.In this study, we examine the relationship between various variables related to the transition process toward green economies outlined in the European Green Deal guidelines among member countries of the European Union. The two primary variables of interest are energy productivity and low carbon economies between 2004 and 2022 upon renewable energy penetration. By employing fully modified ordinary least squares (FMOLS) and canonical cointegrating regression (CCR) estimation methods and dynamic ordinary least squares (DOLS) for robustness, we conclude that energy productivity discourages the use of renewable energy among European countries, having a negative effect on the utilization of said energy estimated at a decrease of renewable energy use by 0.24% for each 10% increase in energy productivity. On the other hand, the transition process toward less fossil fuel-dependent energy contributes to a greater utilization of renewable energy, with a 0.11% increase for each 10% increase in the use of renewable energy over fossil fuels. Within this analytical framework, we observe that the positive correlation between energy productivity and environmental sustainability does not stem from an uptick in renewable energy integration. Instead, it arises from a reduction in energy inputs within the broader productivity framework. Concurrently, the transition towards greener energy landscapes aims not merely to curtail overall energy consumption but to initiate a strategic process of substituting conventional fuel sources with renewable alternatives, thereby fostering environmental enhancement through energy source diversification.http://www.sciencedirect.com/science/article/pii/S2665972724002411Renewable energyGreen transitionEnergy productivityEuropean green dealEuropean union |
| spellingShingle | Gonzalo H. Soto Xuan-Hoa Nghiem Xavier Martinez-Cobas Analyzing the role of main energy transition policies upon renewable energy penetration in the EU: An assessment of energy productivity and low carbon economiesMendeley Data Environmental and Sustainability Indicators Renewable energy Green transition Energy productivity European green deal European union |
| title | Analyzing the role of main energy transition policies upon renewable energy penetration in the EU: An assessment of energy productivity and low carbon economiesMendeley Data |
| title_full | Analyzing the role of main energy transition policies upon renewable energy penetration in the EU: An assessment of energy productivity and low carbon economiesMendeley Data |
| title_fullStr | Analyzing the role of main energy transition policies upon renewable energy penetration in the EU: An assessment of energy productivity and low carbon economiesMendeley Data |
| title_full_unstemmed | Analyzing the role of main energy transition policies upon renewable energy penetration in the EU: An assessment of energy productivity and low carbon economiesMendeley Data |
| title_short | Analyzing the role of main energy transition policies upon renewable energy penetration in the EU: An assessment of energy productivity and low carbon economiesMendeley Data |
| title_sort | analyzing the role of main energy transition policies upon renewable energy penetration in the eu an assessment of energy productivity and low carbon economiesmendeley data |
| topic | Renewable energy Green transition Energy productivity European green deal European union |
| url | http://www.sciencedirect.com/science/article/pii/S2665972724002411 |
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