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Evolution and Forecasting of the Renewable Energy Consumption in the Frame of Sustainable Development: EU vs. Romania

Author

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  • Anca Mehedintu

    (Department of Statistics and Economic Informatics, University of Craiova, A.I. Cuza 13, 200585 Craiova, Romania)

  • Georgeta Soava

    (Department of Statistics and Economic Informatics, University of Craiova, A.I. Cuza 13, 200585 Craiova, Romania)

  • Mihaela Sterpu

    (Department of Mathematics, University of Craiova, A.I. Cuza 13, 200585 Craiova, Romania)

  • Eugenia Grecu

    (Department of Management, Politehnica University of Timisoara, Piata Victoriei 2, 300006 Timisoara, Romania)

Abstract

This article is part of the concerns generated by the need to increase the consumption of renewable energy, so that in the European Union (EU) countries, its share in the final energy consumption, to reach 32% by 2030, increases. In the context in which, in the specialized literature, the analysis of renewable energy consumption by activity sectors is approached very little, such an analysis has high utility. The variables of interest are the share of renewable energy in the final energy consumption, and the share of renewable energy sources in the final energy consumption in transport, electricity, and heating and cooling. The study performs a comparative analysis of the evolution of these indicators for the period 2004–2019 for Romania and the EU, an empirical estimate of the evolution of indicators using time regression and autoregressive models, a forecast of the share of renewable energy consumption in the final energy consumption and by the main sectors (transport, electricity, and heating and cooling) for the 2030 horizon, providing appropriate scenarios for achieving the EU established goals, as well as an analysis of the interdependence between the indicators. Through the results obtained, the paper can contribute to improving the framework for the sustainable development of energy consumption.

Suggested Citation

  • Anca Mehedintu & Georgeta Soava & Mihaela Sterpu & Eugenia Grecu, 2021. "Evolution and Forecasting of the Renewable Energy Consumption in the Frame of Sustainable Development: EU vs. Romania," Sustainability, MDPI, vol. 13(18), pages 1-30, September.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:18:p:10327-:d:636400
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    2. Katarzyna Chudy-Laskowska & Tomasz Pisula, 2023. "Forecasting Household Energy Consumption in European Union Countries: An Econometric Modelling Approach," Energies, MDPI, vol. 16(14), pages 1-21, July.
    3. Robert Huterski & Agnieszka Huterska & Ewa Zdunek-Rosa & Grażyna Voss, 2021. "Evaluation of the Level of Electricity Generation from Renewable Energy Sources in European Union Countries," Energies, MDPI, vol. 14(23), pages 1-18, December.
    4. Alexandra-Nicoleta Ciucu-Durnoi & Margareta Stela Florescu & Camelia Delcea, 2023. "Envisioning Romania’s Path to Sustainable Development: A Prognostic Approach," Sustainability, MDPI, vol. 15(17), pages 1-18, August.
    5. Rao, Amar & Kumar, Satish & Karim, Sitara, 2024. "Accelerating renewables: Unveiling the role of green energy markets," Applied Energy, Elsevier, vol. 366(C).
    6. Iuliana Petronela Gârdan & Adrian Micu & Carmen Adina Paștiu & Angela Eliza Micu & Daniel Adrian Gârdan, 2023. "Consumers’ Attitude towards Renewable Energy in the Context of the Energy Crisis," Energies, MDPI, vol. 16(2), pages 1-31, January.
    7. Costinela FORTEA & Monica-Laura ZLATI & Valentin-Marian ANTOHI & Romeo-Victor IONESCU & Dragos-Sebastian CRISTEA, 2022. "Analysis of the Energy Status in Romania from the Sustainable Development Perspective in the Current Geopolitical Context," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 52-59.
    8. Abdul Rehman & Magdalena Radulescu & Laura Mariana Cismaș & Cristian-Mihai Cismaș & Abbas Ali Chandio & Smaranda (Toma) Simoni, 2022. "Renewable Energy, Urbanization, Fossil Fuel Consumption, and Economic Growth Dilemma in Romania: Examining the Short- and Long-Term Impact," Energies, MDPI, vol. 15(19), pages 1-18, September.
    9. Norbert Bozsik & András Szeberényi & Nándor Bozsik, 2023. "Examination of the Hungarian Electricity Industry Structure with Special Regard to Renewables," Energies, MDPI, vol. 16(9), pages 1-23, April.

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