Forecasting the development of renewable energy sources in the Visegrad Group countries against the background of the European Union

Firlej, Krzysztof; Stanuch, Marcin

doi:10.15678/ier.2022.0803.03

Cited by 5 publications

(5 citation statements)

References 26 publications

(35 reference statements)

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“…The current EU directive sets as a binding target at least a 32% RES share by 2030 (for the EU as a whole) (Directive (EU) 2018/2001). The aspect of forecasting the RES share has been addressed by a number of researchers (Firlej & Stanuch, 2023;brodny et al, 2020), where different directions of development of this sector have been pointed out. If we assume that RES have a positive impact on economic growth and further dynamic growth of the "green energy" sector is visible (based on forecasts), then the European Union has the opportunity to create a sustainable energy economy, which is particularly important in times of energy crisis.…”

Section: Discussionmentioning

confidence: 99%

Economic Growth in the European Union: The Importance of Renewable Energy Consumption

Firlej,

Mierzejewski,

Stanuch

2024

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Theoretical background: The studies on the links between renewable energy consumption and economic growth are of great interest. A search of the literature on the subject reveals a diversity of studies in many respects, including but not limited to the search for a unidirectional or reciprocal relationship. The results of the studies often vary depending on the research method used and the period of analysis, which determines subsequent attempts to understand the issue. Purpose of the article: The aim of this article is to determine the relationship between the consumption of renewable energy sources and economic growth in European Union member states between 2004 and 2020. Research methods: The study was based on the data from the Eurostat database for the period 2004–2020. The study made use of data normalization using the min-max method. The linear regression method was used to assess the relationship between GDP per capita and the electricity indicators available for final consumption and renewable energy sources. Main findings: The study did not find a significant trend between renewable energy consumption and economic growth. However, this fact cannot be taken as establishing the absence of a relationship between the two indicators. Although no strong correlation was observed, some interactions are visible depending on the EU member state, which entitles us to partially confirm the research hypothesis. The differences between the groups of EU-15 and EU-10 countries are not distinct, and extending the set of monitored variables (i.e. carrying out modelling for EU-27 countries) does not have a significant impact on the results of the study, which are similar.

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Section: Discussionmentioning

confidence: 99%

Economic Growth in the European Union: The Importance of Renewable Energy Consumption

Firlej,

Mierzejewski,

Stanuch

2024

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“…Achieving these targets requires binding national contributions to be set at the level of individual member states (Parlament Europejski, 2022). In this context, it should be borne in mind that the capabilities of the individual EU economies in the aspect of RES development vary due to their specificities (Firlej & Stanuch, 2022), which may result, for example, from their geographical location. The implementation of ambitious goals in the area of energy efficiency improvement and RES development requires the solidarity commitment of all EU member states.…”

Section: Discussionmentioning

confidence: 99%

Selected determinants of the development of renewable energy sources in the member states of the European Union

Krzysztof Adam Firlej,

Stanuch

2023

EiS

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The objective of this study is to explore the relationship between selected indicators of SDG7, supplemented by the variables of GDP and carbon dioxide emission contract prices, and the consumption of energy from renewable sources in the European Union. The research problem of the study is whether it is possible to explain the consumption of energy from renewable sources in the European Union from 2010 to 2020 within the group of selected indicators for SDG 7 supplemented by GDP variable and variable CO2 emission futures contracts. Based on conducted econometric research, it was proved that there was a certain interdependence and causality of selected factors on the development of renewable energy sources, which varied depending on the EU Member State. By making a critical evaluation of the obtained models, it was found that only in 10 cases (countries) can they be considered correct.

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“…Following Stern's (2000) theory of environmentalism, consumers act directly on the environment when sorting waste for recycling, consuming organic food, or using solar energy for heating, thereby significantly changing the environment. The indirect impact of consumers on changes occurs when their actions or references affect others to change their behaviour (Firlej & Stanuch, 2022). Stern (2000) concludes that personal capabilities are an essential causal variable in the implementation of sustainability policy, including knowledge (smart choice), skills (comparison), and material capacities (money) to undertake certain activities in time.…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Material well-being as sustainable consumption driver: Results of European studies

Dunković¹,

Knežević²,

Borusiak³

2022

EBER

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The objective of the article is to examine the causality between material well-being indicators of all the EU-27 countries and sustainable consumption behaviour indicators of the corresponding consumers. The authors assumed that the material well-being construct is determined by net income and actual individual consumption variables. In contrast, the sustainable consumption construct captures five selected behavioural variables. Research Design & Methods:The hypothesis was that material well-being significantly determines sustainable practices in European countries. The research model was tested by structural equation modelling (SEM) using path coefficients and developed construct predictors. Two sets of statistical data were used. The first was data on material well-being from Eurostat 2019, and the second was a public opinion poll covering the EU-27 countries as stated in the 2019 'Special Eurobarometer 501.' Findings: Consumers in countries with lower material well-being indicators had a lower capacity for implementing consumers' sustainable practices. Implications & Recommendations:The reported causality is essential for policy decision-makers to regulate measures more reliably according to specific countries and distribute scarce resources relevant to their sustainable consumer practices capability. Contribution & Value Added:The article contributes to the sustainable consumption theory by developing new theoretical construction that combines the different sustainability featured variables. Introducing policy measures for sustainable consumer behaviour, which simultaneously require sacrifice, will depend on consumer income and the ability to meet the costs of environmentally friendly activities. Article type:research article

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Forecasting the development of renewable energy sources in the Visegrad Group countries against the background of the European Union

Cited by 5 publications

References 26 publications

Economic Growth in the European Union: The Importance of Renewable Energy Consumption

Economic Growth in the European Union: The Importance of Renewable Energy Consumption

Selected determinants of the development of renewable energy sources in the member states of the European Union

Material well-being as sustainable consumption driver: Results of European studies

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