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Implications Of The Transition To The Circular Economy On Energy Poverty At European Level

Author

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  • AILINCA, Alina Georgeta
  • PICIU, Gabriela Cornelia

    (Centre for Financial and Monetary Research "Victor Slavescu", N.I.E.R., Romanian Academy, Bucharest, Romania
    Centre for Financial and Monetary Research "Victor Slavescu", N.I.E.R., Romanian Academy, Bucharest, Romania)

Abstract

The COVID-19 pandemic has brought into question the issue of housing space and decent living and working conditions. With the outbreak of the war in Ukraine, the problem has worsened due to the ever-increasing costs of energy products (especially oil and gas) at the European level. For the most vulnerable citizens, seriously exposed to the risk of energy poverty, solutions vary in the scope of restricting consumption, using dangerous non-compliant materials for heating and cooking, postponing bill payments, but also reducing spending on essential goods, such as food and medicine. Against this background, the increasingly important climate ambitions of European Union officials regarding the reduction of greenhouse gas emissions and the transition to a circular economy worsen the situation, through necessary investments in key infrastructure (e.g. energy, transport, etc.), which lead, through successive implications, to the support of these costs at the citizen level. In this context, the article analyzes, through an econometric model, with panel data, for the period 2015-2024, the implications of the circular economy transition captured by circular economy indicators on some energy poverty indicators at the EU27 level.

Suggested Citation

  • AILINCA, Alina Georgeta & PICIU, Gabriela Cornelia, 2025. "Implications Of The Transition To The Circular Economy On Energy Poverty At European Level," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 13(1), pages 7-20, October.
    • Handle: RePEc:vls:rojfme:v:13:y:2025:i:1:p:7-20
    DOI: https://doi.org/10.65672/jfme.2025.1.1
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    References listed on IDEAS

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    1. Healy, John D. & Clinch, J. Peter, 2004. "Quantifying the severity of fuel poverty, its relationship with poor housing and reasons for non-investment in energy-saving measures in Ireland," Energy Policy, Elsevier, vol. 32(2), pages 207-220, January.
    2. Kirchherr, Julian & Reike, Denise & Hekkert, Marko, 2017. "Conceptualizing the circular economy: An analysis of 114 definitions," Resources, Conservation & Recycling, Elsevier, vol. 127(C), pages 221-232.
    3. Atif Maqbool Khan & Magdalena Osińska, 2022. "Energy Consumption under Circular Economy Conditions in the EU Countries," Energies, MDPI, vol. 15(21), pages 1-17, October.
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    Keywords

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    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • P46 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Consumer Economics; Health; Education and Training; Welfare, Income, Wealth, and Poverty

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