ANALYSIS OF THE IMPACT OF ENERGY EFFICIENCY AND RENEWABLE ENERGY ON GREENHOUSE GAS EMISSIONS AND ECONOMIC GROWTH IN EU MEMBER STATES

被引:3
作者
Mecu, Andra-Nicoleta [1 ]
Chitu, Florentina [1 ]
Marin, Georgiana-Ionela [1 ]
Hurduzeu, Gheorghe [1 ]
机构
[1] Bucharest Univ Econ Studies, Bucharest, Romania
关键词
climate change; renewable energy; economic growth; energy efficiency; CO2; EMISSIONS; CONSUMPTION;
D O I
10.24818/EA/2023/S17/1149
中图分类号
F [经济];
学科分类号
02 ;
摘要
The European Union has set ambitious goals for both energy efficiency and renewable energy use as part of its strategy to combat climate change. Using a panel data regression model that spans from 2012 to 2021, this study aims to evaluate how energy efficiency and the use of renewable energy sources impact greenhouse gas emissions and economic growth in the member states of the European Union. The findings confirm that energy efficiency and renewable energy production effectively reduce greenhouse gas emissions while also positively influencing economic growth. However, it is important to note that the impact of renewable energy production on economic growth is limited. Therefore, it is crucial to emphasise the role of energy efficiency policies for sustainable development within the European Union. In addition, these findings support the implementation of policies that promote responsible energy consumption and encourage economically and environmentally sustainable development.
引用
收藏
页码:1149 / 1163
页数:15
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