Assessment of the Feasibility of Energy Transformation Processes in European Union Member States

Michal Pietrzak, Magdalena Olczyk and Marta Ewa Kuc-Czarnecka
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Magdalena Olczyk: Department of Economics, Faculty of Management and Economics, Gdańsk University of Technology, Gabriela Narutowicza 11/12, 80-233 Gdańsk, Poland
Marta Ewa Kuc-Czarnecka: Department of Statistics and Econometrics, Faculty of Management and Economics, Gdańsk University of Technology, Gabriela Narutowicza 11/12, 80-233 Gdańsk, Poland

Energies, 2022, vol. 15, issue 2, 1-23

Abstract: The energy transition is now treated in most countries as a necessary condition for their long-term development. The process of energy transformation assumes the simultaneous implementation of the Sustainable Development Goals, which are a major challenge for modern economies and introduce significant restrictions in their functioning. Our study aims to group EU member states according to their ability to achieve energy transition over time. The novelty of our approach is the assessment of energy transformation in the European Union through two aspects. The first one, “smart and efficient energy systems”, assess the current, widely understood energy consumption in economy, and the second one, “macroeconomic heterogeneity”, refers to the economic potential of a country. In our analysis, we included indicators from the 7th, 8th, 10th, 11th, and 12th Sustainable Development Goals. Using taxonomic methods, we created clusters of countries according to the emissivity of their economies and the socio-economic potential for the energy transition. The analysis results revealed that countries vary more due to their emissivity than economic potential.

Keywords: energy transition; sustainable development; Sustainable Development Goals; economic growth; renewable energy (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 (7)

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