Development of Renewable Energy Sources in the European Union in the Context of Sustainable Development Policy

Piotr Bórawski, Rafał Wyszomierski, Aneta Bełdycka-Bórawska, Bartosz Mickiewicz, Beata Kalinowska, James W. Dunn and Tomasz Rokicki
Additional contact information
Piotr Bórawski: Department of Agrotechnology and Agribusiness, Faculty of Agriculture and Forestry, University of Warmia and Mazury in Olsztyn, 10-719 Olsztyn, Poland
Rafał Wyszomierski: Faculty of Economics and Management, Higher School of Agribusiness in Lomza, 18-402 Lomza, Poland
Aneta Bełdycka-Bórawska: Department of Agrotechnology and Agribusiness, Faculty of Agriculture and Forestry, University of Warmia and Mazury in Olsztyn, 10-719 Olsztyn, Poland
Bartosz Mickiewicz: Faculty of Economics, West Pomeranian University of Technology, 70-310 Szczecin, Poland
Beata Kalinowska: Department of Agrotechnology and Agribusiness, Faculty of Agriculture and Forestry, University of Warmia and Mazury in Olsztyn, 10-719 Olsztyn, Poland
James W. Dunn: Department of Agricultural Economics, Sociology and Education, Faculty of Agricultural Sciences, Pennsylvania State University, University Park, State College, PA 16802-5600, USA
Tomasz Rokicki: Department of Logistics, Institute of Economics and Finance, Warsaw University of Life Sciences, 02-787 Warsaw, Poland

Energies, 2022, vol. 15, issue 4, 1-20

Abstract: Renewable energy sources play a key role in decarbonizing the economy of the European Union (EU) and the world. The aim of this research is to present the development of the renewable energy sources (RES) sector in the European Union (EU), with particular emphasis on sustainable development. The EU guidelines, requirements, and directives were analyzed in order to meet the provisions of the energy policy to ensure energy and climate security. The potential of the RES was studied in the EU countries, and the possibility of its use in cogeneration with the use of local renewable resources. The results are presented in tabular, graphic, and descriptive forms. The results are presented based on the extensive literature on the subject and data from Eurostat. The data covered 2004–2019. We used different methods to evaluate the changes in the RES in the EU countries. First, we compiled descriptive statistics; second, we used the Augmented Dickey–Fuller test (ADF test); and, finally, we used the Generalized Autoregressive Conditional Heteroscedasticity model (GARCH model). Our analysis found that the EU increased the share of RES. The biggest share of energy from renewable energy sources was found in 2019 in Iceland (78%), Norway (74%), and Sweden (56%). The biggest increase in the share of RES in 2004–19 was found in Malta (8322%), Great Britain (1126%), and Luxemburg (784%). The results demonstrate the development of RES in the EU countries. However, not all countries achieved the planned goal in 2019.

Keywords: renewable energy sources; sustainable development; energy sector (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

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