Impact of Clean Energy Policies on Electricity Sector Carbon Emissions in the EU-28

Gustavo Pineiro-Villaverde and María Teresa García-Álvarez
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Gustavo Pineiro-Villaverde: Doctoral Program in Economic Analysis and Business, Faculty of Economics and Business, Campus Elvina s/n, University of A Coruna, 15071 A Coruna, Spain
María Teresa García-Álvarez: Department of Business, Faculty of Economics and Business, Campus Elvina s/n, University of A Coruna, 15071 A Coruna, Spain

Energies, 2022, vol. 15, issue 3, 1-14

Abstract: The European Union (EU) has developed important efforts in enacting various clean energy policies in order to reduce greenhouse gas (GHG) emissions in the last decades. Both supply-side and demand-side changes are required in the energy systems in the period of 2020–2030 and going towards 2050. In this context, a better understanding of the effects of these specific clean energy actions on reducing GHG emissions may be especially of interest for allowing policymakers to know the strengths and weaknesses of various climate-related power sector policies. This paper adds to the literature by presenting the effects of both supply-side and demand-side policies and empirical evidence of the impact of these policies on the reduction in carbon emissions. This analysis was done by means of a panel data set and several regression models that contribute to explaining the link between clean energy policies applied in the EU and carbon emissions over the period of 2000–2019. The results show that while supply-side policies have shown a positive and effective impact on the reduction in GHG emissions, on the demand side, more aggressive policy efforts are needed.

Keywords: clean energy policies; carbon dioxide emissions; energy sector; renewable energy; energy taxes; panel data (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 (2)

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