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The Impact of Energy Consumption on the Three Pillars of Sustainable Development

Author

Listed:
  • Silviu Nate

    (Department of International Relations, Political Science and Security Studies, Faculty of Social Sciences and Humanities, Lucian Blaga University of Sibiu, 550324 Sibiu, Romania)

  • Yuriy Bilan

    (Faculty of Management, Rzeszów University of Technology, 35-959 Rzeszów, Poland)

  • Danylo Cherevatskyi

    (Institute of Industrial Economics of the National Academy of Sciences of Ukraine, 03057 Kyiv, Ukraine)

  • Ganna Kharlamova

    (Department of Economic Cybernetics, Faculty of Economics, Taras Shevchenko University of Kyiv, 03022 Kyiv, Ukraine)

  • Oleksandr Lyakh

    (Institute of Industrial Economics of the National Academy of Sciences of Ukraine, 03057 Kyiv, Ukraine)

  • Agnieszka Wosiak

    (Institute of Information Technology, Lodz University of Technology, 90-924 Lodz, Poland)

Abstract

The paper analyzes the impact of energy consumption on the three pillars of sustainable development in 74 countries. The main methodological challenge in this research is the choice of a single integral indicator for assessing the social component of sustainable development. Disability-adjusted life year (DALY), ecological footprint, and GDP (Gross domestic product) are used to characterize the social, ecological, and economical pillars. The concept of physics, namely the concept of density (specific gravity), is used. It characterizes the ratio of the mass of a substance to its volume, i.e., reflects the saturation of a certain volume with this substance. Thus, to assess the relationship between energy consumption and the three foundations of sustainable development, it is proposed to determine the energy density of the indicators DALY, the ecological footprint, and GDP. The reaction to changes in energy consumption is described by the elasticity of energy density functions, calculated for each of the abovementioned indicators. The state of the social pillar is mostly dependent on energy consumption. As for the changes in the ecological pillar, a 1% reduction in energy consumption per capita gives only a 0.6% ecological footprint reduction, which indicates a low efficiency of reducing energy consumption policy and its danger for the social pillar. The innovative aspect of the research is to apply a cross-disciplinary approach and a calculative technique to identify the impact that each of the pillars of sustainable development imposes on energy policy design. The policy of renewable energy expansion is preferable for all sustainable development pillars.

Suggested Citation

  • Silviu Nate & Yuriy Bilan & Danylo Cherevatskyi & Ganna Kharlamova & Oleksandr Lyakh & Agnieszka Wosiak, 2021. "The Impact of Energy Consumption on the Three Pillars of Sustainable Development," Energies, MDPI, vol. 14(5), pages 1-20, March.
    • Handle: RePEc:gam:jeners:v:14:y:2021:i:5:p:1372-:d:509402
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    Cited by:

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    6. Silviu Nate & Yuriy Bilan & Mariia Kurylo & Olena Lyashenko & Piotr Napieralski & Ganna Kharlamova, 2021. "Mineral Policy within the Framework of Limited Critical Resources and a Green Energy Transition," Energies, MDPI, vol. 14(9), pages 1-32, May.

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