Salient Insights on the Performance of EU Member States on the Road towards an Energy-Efficient Future

Daniela Momete

Energies, 2023, vol. 16, issue 2, 1-17

Abstract: Energy efficiency plays an important role in energy systems all over the world, representing the most available and cheapest source of energy. Progress in energy efficiency translates into reduced consumption, reduced dependency on external suppliers of fossil fuels, mitigation of climate change, and improvement of quality of life. Given its tremendous importance for energy systems and national economies, this paper aims to offer salient insights on the performance of the countries of the European Union (EU-27) towards an energy-efficient future, bearing in mind the quantitative milestones of sustainable development goal 7 (SDG7) of the Agenda for Sustainable Development of the United Nations. The current research offers a new perspective and delivers a comprehensive, robust, and succinct model which provides insights on the performance of EU-27 member states based on appropriate quantitative key performance indicators related to energy efficiency. The results show that about 19% of EU-27 member states are in a leading position, while about 41% of EU-27 member states have modest performance, and about 14% are still lagging. The findings of this paper may open discussions to find better ways to valorise energy efficiency, and may offer support for legislators and other stakeholders in energy systems. Moreover, by benchmarking different types of national practices, the countries which are still struggling to use energy-efficiency measures may find suitable ways to accelerate transition to a more energy-efficient future.

Keywords: energy efficiency; sustainable development; policy; prosperity; European Union; Agenda 2030 (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: 2023
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