The Role of Renewables in a Low-Carbon Society: Evidence from a Multivariate Panel Data Analysis at the EU Level

Bușu, Mihail

doi:10.3390/su11195260

Cited by 26 publications

(18 citation statements)

References 52 publications

(53 reference statements)

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“…Moreover, both the lack of autocorrelation and the collinearity between the exogenous variables prove that there is not a significant juxtaposition among the variables used in the econometric model. These conclusions are consistent with other recent studies [29][30][31][32][33] on the correlation between renewable energy and carbon emission levels.…”

Section: Discussion Of the Resultssupporting

confidence: 94%

Measuring the Renewable Energy Efficiency at the European Union Level and Its Impact on CO2 Emissions

Bușu

2019

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Low carbon emissions have a great importance in our life. The increasing importance of carbon emission levels have attracted the interests of researchers and academics in the field. In this article, a panel data econometric model is developed to measure the relationship between renewable energy, energy productivity, population, urbanization, motorization, and Gross Domestic Product (GDP) per capita and their impacts on carbon dioxide CO2 emissions. Data used in this study was collected from the European Statistical Office (EUROSTAT) and five statistical hypotheses were tested and validated through a multilinear regression model using the Econometric Views (Eviews) 10.0 statistical software. The Hausman test was used to choose between a model with fixed effects and a model with random effects, and the variance inflection factor (VIF) was used to test the collinearity between the independent variables. The author’s findings indicate that renewable energy at the European Union (EU) level has a positive impact on low-carbon emissions. It was found that a 1% increase in renewable energy consumption would reduce the CO2 emissions by 0.11 million tons, while population growth and urbanization degree add more restrictions to the econometric equation of the impact on carbon emissions.

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Section: Discussion Of the Resultssupporting

confidence: 94%

Measuring the Renewable Energy Efficiency at the European Union Level and Its Impact on CO2 Emissions

Bușu

2019

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“…On the other hand, Caruso et al [50] explored the relationship between renewable energy consumption, social factors, and health. Busu [51], in turn, presented the role of RES in a low-carbon society in the EU. His research findings show that RES have a direct and positive impact on CO2 emissions, unlike population growth or urbanization.…”

Section: Scope Sourcesmentioning

confidence: 99%

Assessing the Level of Renewable Energy Development in the European Union Member States. A 10-Year Perspective

2021

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The global economic development is, to a great extent, dependent on access to large amounts of cheap energy sources. The growing social awareness of ecology and the enormous damage to the Earth’s ecosystem due to the production of energy from conventional sources have forced fundamental changes in the energy sector. Renewable energy is considered to be an opportunity for such changes. The current state of the art allows such changes to be made without restricting economic development. Therefore, activities related to the energy transition are being taken all over the world. The European Union has definitely managed to achieve the most tangible effects in this regard. This article presents the findings of the research aimed at presenting the current state of renewable energy in the European Union and analyzing the changes reported in this sector in the last decade. The research was carried out using a selected set of 11 indicators characterizing renewable energy in individual countries. These indicators were selected on the basis of literature review and own studies of the state of renewable energy and its development prospects. Based on these indicators, changes in the energy structure of individual European Union countries between 2008–2018 were determined. The study is divided into two main stages. The principal components analysis (PCA) was used for the first analysis. In turn, the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) was adopted to assess the level of renewable energy development in the European Union countries. Both these methods and the extended statistical analysis were applied to determine the state of renewable energy development in the European Union countries in the studied period and to divide the Member States into classes with different levels of development. The results of the study showed that the EU countries are characterized by significant differences in the development of RES during the period in question. The unquestionable leaders in this respect are Sweden, Austria, Finland, and Latvia. Based on the findings, it is possible to evaluate the effects of activities related to renewable energy development and to prepare assumptions for future activities. Additionally, both the research and its findings broaden the knowledge of the directions of renewable energy development in individual European Union countries. This is particularly important in the context of changes related to the need to reduce harmful substance emissions and the implementation of the European Green Deal idea.

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“…Busu [20] also discusses the need for more investment in renewables in Europe. Using a multiple linear regression analysis, the study examines the carbon dioxide emissions in the European Union (EU) by testing the relationship to urbanization and population and carbon dioxide mitigation pathways, e.g., renewable energy consumption, biofuel production, resources productivity, bioenergy productivity.…”

Section: Form and Contents Of The Thematic Issuementioning

confidence: 99%

A Sustainable Revolution: Let’s Go Sustainable to Get Our Globe Cleaner

et al. 2020

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The concept of sustainability is a clear blue sea, a snowy mountain, a flowery meadow, in which there is resource sharing that allows us to satisfy human needs without damaging natural resources. The challenge is complex, and we hope to support the decarbonization of our society and mitigate climate changes. This Special Issue aims to outline different approaches in several sectors with a common point of view: seeing our world with a green perception and encouraging a sustainable revolution to provide a cleaner world.

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The Role of Renewables in a Low-Carbon Society: Evidence from a Multivariate Panel Data Analysis at the EU Level

Cited by 26 publications

References 52 publications

Measuring the Renewable Energy Efficiency at the European Union Level and Its Impact on CO2 Emissions

Measuring the Renewable Energy Efficiency at the European Union Level and Its Impact on CO2 Emissions

Assessing the Level of Renewable Energy Development in the European Union Member States. A 10-Year Perspective

A Sustainable Revolution: Let’s Go Sustainable to Get Our Globe Cleaner

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