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Approaches to the Possibilities of Achieving Energy Efficiency through a Dynamic European Regional Model

Author

Listed:
  • Monica Laura Zlati

    (Dunarea de Jos University, Galati, Romania)

  • Costinela Fortea

    (Dunarea de Jos University, Galati, Romania)

  • Valentin Marian Antohi

    (Dunarea de Jos University, Galati, Romania; Transilvania University, Brasov, Romania)

  • Romeo Victor Ionescu

    (Dunarea de Jos University, Galati, Romania)

  • Dragos Sebastian Cristea

    (Dunarea de Jos University, Galati, Romania)

Abstract

The article is written in the current context of the energy crisis triggered by the geopolitical conflict but also by the need for sustainability translated into sustainable development objectives assumed at European level through the Green Deal Pact and the sustainable development agreements with 2030 and 2050 horizon. The objectives of the study are to determine a regional dynamic model of energy efficiency based on the results disseminated in the literature on this topic. The methods used consist of descriptive analytical research of energy sector indicators at European level with the application of the linear regression method to determine the regional dynamic energy efficiency model. The results of the study consist in determining the regional character of energy efficiency and identifying the factors influencing the achievement of this objective at European level by studying the differences at the level of six Member States considered to be representative in terms of their respective levels of economic development, Germany, France, Austria, Greece, Bulgaria and Romania. The results of the study are useful for energy policy makers in reorienting energy development strategies in the current context of the energy crisis.

Suggested Citation

  • Monica Laura Zlati & Costinela Fortea & Valentin Marian Antohi & Romeo Victor Ionescu & Dragos Sebastian Cristea, 2023. "Approaches to the Possibilities of Achieving Energy Efficiency through a Dynamic European Regional Model," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 47-60.
    • Handle: RePEc:ddj:fserec:y:2023:p:47-60
    DOI: https://doi.org/10.35219/rce20670532148
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    References listed on IDEAS

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    1. Akram, Rabia & Chen, Fuzhong & Khalid, Fahad & Huang, Guanhua & Irfan, Muhammad, 2021. "Heterogeneous effects of energy efficiency and renewable energy on economic growth of BRICS countries: A fixed effect panel quantile regression analysis," Energy, Elsevier, vol. 215(PB).
    2. Mihaela Sterpu & Georgeta Soava & Anca Mehedintu, 2018. "Impact of Economic Growth and Energy Consumption on Greenhouse Gas Emissions: Testing Environmental Curves Hypotheses on EU Countries," Sustainability, MDPI, vol. 10(9), pages 1-14, September.
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