The European Union Green Deal: Clean Energy Wellbeing Opportunities and the Risk of the Jevons Paradox

Estrella Trincado, Antonio Sanchez-Bayon () and José María Vindel
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Estrella Trincado: Department of Applied Economics, Structure and History, Faculty of Economics and Business, Campus de Somosaguas, Universidad Complutense de Madrid, 28040 Madrid, Spain
José María Vindel: Centro de Investigaciones Energéticas, Medioambientales y Tecnológicas, 28040 Madrid, Spain

Energies, 2021, vol. 14, issue 14, 1-23

Abstract: After the Great Recession of 2008, there was a strong commitment from several international institutions and forums to improve wellbeing economics, with a switch towards satisfaction and sustainability in people–planet–profit relations. The initiative of the European Union is the Green Deal, which is similar to the UN SGD agenda for Horizon 2030. It is the common political economy plan for the Multiannual Financial Framework, 2021–2027. This project intends, at the same time, to stop climate change and to promote the people’s wellness within healthy organizations and smart cities with access to cheap and clean energy. However, there is a risk for the success of this aim: the Jevons paradox. In this paper, we make a thorough revision of the literature on the Jevons Paradox, which implies that energy efficiency leads to higher levels of consumption of energy and to a bigger hazard of climate change and environmental degradation.

Keywords: European Union (EU); Green Deal; wellbeing economics; Horizon 2030; Jevons Paradox; clean energy production; sustainability (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: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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