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European Green Deal Implications on Country Level Energy Consumption

Author

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  • Jaržemskis Andrius

    (Ph.D., Associate professor Vilnius University, Faculty of Economics and Business Administration, Sauletekio avenue 9, Vilnius, Lithuania)

  • Jaržemskienė Ilona

    (Ph.D., Associate Professor Vilnius Gediminas Technical University, Faculty of Transport Engineering Department of Logistics and transport management Plytines 27, Vilnius, Lithuania)

Abstract

Research background: The European Green deal set by the European Commission has launched new business models in sustainable development. Major contributions are expected in the road transport sector; as far as conventional internal combustion creates significant input in Green House Gas emission inventories. Each EU member state has an obligation to reduce GhG emission by accelerating Electric Vehicle development. In order to foster growth of EVs, there is the need of significant investment into charging infrastructures. The article propose the model of forecasting of investment based on the forecast of the growth of the amount of electric vehicles and their demand on energy. The model includes the behaviouristic approach based on the total cost of ownership model as well as calculations of efficient usage of EV charging points. The model takes into account all types of vehicles including personal and commercial, freight and passenger.

Suggested Citation

  • Jaržemskis Andrius & Jaržemskienė Ilona, 2022. "European Green Deal Implications on Country Level Energy Consumption," Folia Oeconomica Stetinensia, Sciendo, vol. 22(2), pages 97-122, December.
    • Handle: RePEc:vrs:foeste:v:22:y:2022:i:2:p:97-122:n:1
    DOI: 10.2478/foli-2022-0021
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    More about this item

    Keywords

    electricity demand; transport forecasts; policy measures; investment; scenario modelling;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General

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