Green energy policies and energy poverty in Europe: Assessing low carbon dependency and energy productivity

Gonzalo H Soto and Xavier Martinez-Cobas

Energy Economics, 2024, vol. 136, issue C

Abstract: This study examines the dynamics of the transition to green economies in relation to energy poverty in European countries. By employing augmented mean group (AMG) and fully modified ordinary least squares estimations (FMOLS), we find empirical evidence that indicates the influence of variables representing the processes of transitioning to green economies on energy poverty. To further elucidate these relationships, Granger causality analysis was conducted. The findings of this research contribute to the ongoing discourse surrounding the transition to green economies from the perspective of energy productivity. It is observed that improvements in energy productivity are associated with a reduction in the prevalence of energy poverty. Additionally, a noteworthy relationship is identified between energy poverty and the consumption of green energy, whereby an increase in energy poverty corresponds to an increase in the proportion of green energy within the overall energy consumption mix. Accordingly, it is recommended that public policies complement the transition to green societies with measures aimed at ensuring adequate energy provision for the population.

Keywords: Green transition; Energy poverty; Energy productivity; Renewable energy consumption; Fossil fuel energy consumption (search for similar items in EconPapers)
JEL-codes: I32 O52 Q48 Q56 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:136:y:2024:i:c:s0140988324003852

DOI: 10.1016/j.eneco.2024.107677

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