The Interdependencies between Economic Growth, Energy Consumption and Pollution in Europe

Abstract

The strong interdependency between economic growth and conventional energy consumption have led to significant environmental impact, especially with respect to greenhouse gas emissions. Conventional energy-intensive industries release increasing quantities every year, which has prompted global leaders to consider new approaches based on sustainable consumption. The main purpose of this research is to propose a new energy index that accounts for the complexity and interdependences between the research variables. The methodology is based on Principal Component Analysis (PCA) and combines the key components determined into a score that allows for both temporal and cross-country comparisons. All data analyses were performed using IBM SPSS Statistics 25™. The main findings show that most countries improved their economic performance since 2014, but the speed of the improvement varies a lot from one country to another. The final score determined reflects the complex changes taking place in each country and the efficiency of the governmental measures for sustainable economic growth based on low energy consumption and low environmental pollution.

Artificial intelligence-based decision-making algorithms, Internet of Things sensing networks, and sustainable cyber-physical management systems in big data-driven cognitive manufacturing

“…Significant research has elucidated how cognitive technologies progressively integrate themselves at all levels of the manufacturing enterprises. Machine learning-based analytics, techniques, and algorithms (Androniceanu et al, 2021a(Androniceanu et al, , 2021bGrondys & Ślusarczyk, 2022;Mircică, 2020;Valaskova et al, 2021) assimilate groundbreaking cognitive capabilities (Beckett, 2022;Kovacova et al, 2022aKovacova et al, , 2022bKsentini et al, 2021) within robots. Automation of sensing will technologize a growing proportion of the data processing and decision making undertakings (Androniceanu, 2021;Hawkins, 2022b;Nica et al, 2022;Vătămănescu et al, 2020) in the factory.…”

Managing the Energy Transition through Discourse. The Case of Poland

“…Other countries planning to move away from coal that soon followed included France with an exit planned for 2022; Denmark, 2030; and Germany, 2038. Eastern and Central European countries rely largely on coal in their electricity production and fear that an unconsolidated transition to other forms of energy production can have a negative impact on their economic growth [80]. That is why the concept of just transition emerged.…”

Medium- and High-Tech Export and Renewable Energy Consumption: Non-Linear Evidence from the ASEAN Countries

“…As natural resources in general and fossil fuels in particular, have been depleting, renewable energy use and economic growth are highlighted as major concerns for sustainable development of the global economy [25][26][27][28][29], given the fact that the sustainability of the economic system is dependent on the environment and natural resources [30]. Due to an increasing level of globalization, global energy demand has changed over time and has been driven by trade-related factors.…”