Macroeconomic Indicators Used to Study the Efficiency of Investments in Renewable Energy Field
This paper aims to analyze the main indicators used to express the efficiency of renewable energy investments at macroeconomic level. Based on three econometric models, we present the calculation method of these indicators, along with interpretation. In the study are included countries with very high and high human development, member states of the European Union. Results indicate that all countries have a good economic efficiency of investments in renewable energy, but low social efficiency. As for the environmental efficiency of renewable investments, the findings reveal that only six European countries manage to direct their efforts to mitigate carbon dioxide emissions and in this way to have a high environmental efficiency of investments.
Volume (Year): 15 (2012)
Issue (Month): 2 (December)
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- Hatzigeorgiou, Emmanouil & Polatidis, Heracles & Haralambopoulos, Dias, 2011. "CO2 emissions, GDP and energy intensity: A multivariate cointegration and causality analysis for Greece, 1977-2007," Applied Energy, Elsevier, vol. 88(4), pages 1377-1385, April.
- Stephan B. Bruns & Christian Gross, 2012. "Can Declining Energy Intensity Mitigate Climate Change? Decomposition and Meta-Regression Results," Papers on Economics and Evolution 2012-11, Philipps University Marburg, Department of Geography.
- Tsilingiridis, G. & Sidiropoulos, C. & Pentaliotis, A., 2011. "Reduction of air pollutant emissions using renewable energy sources for power generation in Cyprus," Renewable Energy, Elsevier, vol. 36(12), pages 3292-3296.
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