Combining policy making tools for green transition: eco-efficiency benchmarking and club convergence

George Halkos, Christina Bampatsou and Panagiotis-Stavros Aslanidis

MPRA Paper from University Library of Munich, Germany

Abstract: This study examines the eco-efficiency performance of green energy transitions in 45 high-emission countries (1995–2022), focusing on convergence in policymaking. Using hybrid window data envelopment analysis (WDEA) models, eco-efficiency was evaluated for non-renewable energy (NRES), renewable energy (RES), and mixed sources. Inputs included capital, labor, and electricity generation; outputs were GDP (desirable) and CO2 and CH4 emissions (undesirable). Efficiency averaged 76.04% (RES), 74.25% (NRES), and 73.61% (mixed). Conditional convergence analysis revealed countries with similar conditions converge to unique steady states, highlighting the need for harmonized energy standards, therefore investments in green technologies can reduce emissions and electricity generation costs.

Keywords: hybrid window DEA; club convergence; imergeclub; logtreg; Log t regression test; energy sectors. (search for similar items in EconPapers)
JEL-codes: O13 Q42 Q48 Q50 Q54 (search for similar items in EconPapers)
Date: 2025-01-14
New Economics Papers: this item is included in nep-eff, nep-ene and nep-env
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:123341

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