Artikel
Renewables and Decarbonisation: Implications for Energy Policy in the European Union
The study examines the contribution of low-carbon and fossil electricity sources to environmental degradation in the European Union countries, modelled by economic development and globalisation. We ensure the robustness of the results by exploring the concurrent and individual effects of the alternative electricity sources on GHG emissions. Consistent GMM estimators indicate that all low-carbon sources have a mitigating effect on environmental degradation in the EU, in a context of persistent pollution fuelled by fossil-fuels-based electricity. Hydropower and wind emerge as the most efficient electricity generation sources in the fight against climate change. Countries' development level, globalisation and population were not found to significantly impact pollution in EU countries. Our results have important implications for energy policy, suggesting that replacing fossil fuels in electricity generation with low-carbon sources, in particular wind and hydro, is a beneficial path to achieve decarbonisation while also decreasing the EU's reliance on foreign oil and gas.
- Language
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Englisch
- Bibliographic citation
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Journal: Amfiteatru Economic Journal ; ISSN: 2247-9104 ; Volume: 25 ; Year: 2023 ; Issue: 63 ; Pages: 345-361
- Classification
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Wirtschaft
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products
Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
Environmental Economics: Government Policy
- Subject
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Energy policy
European Union
decarbonisation
low-carbon electricity
renewable energy
system-GMM.
- Event
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Geistige Schöpfung
- (who)
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Dumitrescu, Dan Gabriel
Horobeț, Alexandra
Tudor, Cristiana Doina
Belașcu, Lucian
- Event
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Veröffentlichung
- (who)
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The Bucharest University of Economic Studies
- (where)
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Bucharest
- (when)
-
2023
- DOI
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doi:10.24818/EA/2023/63/345
- Handle
- Last update
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10.03.2025, 11:43 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Dumitrescu, Dan Gabriel
- Horobeț, Alexandra
- Tudor, Cristiana Doina
- Belașcu, Lucian
- The Bucharest University of Economic Studies
Time of origin
- 2023
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