The Impact of Expenditure on Research and Development on Selected Energy Factors in the European Union

Wojciech Chmielewski, Marta Postuła and Przemysław Dubel
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Wojciech Chmielewski: Faculty of Management, ul. Szturmowa 1/3, University of Warsaw, 03-678 Warsaw, Poland
Marta Postuła: Faculty of Management, ul. Szturmowa 1/3, University of Warsaw, 03-678 Warsaw, Poland
Przemysław Dubel: Faculty of Management, ul. Szturmowa 1/3, University of Warsaw, 03-678 Warsaw, Poland

Energies, 2023, vol. 16, issue 8, 1-18

Abstract: Due to the fact that the European Union is striving to achieve its sustainable development goals, in particular goal No. 7, which is to provide users with low-emission, and cheap access to, energy, this article’s aim is to verify whether there is a relationship between R&D expenditure and key energy variables in the EU countries in 2010–2020. Data on R&D expenditures incurred by the EU Member States in the period 2010–2020 were used for the research and were tested using the Autoregressive Distributed Lags Model (ARDL). The study identified a strong positive relationship between total R&D expenditure and the increase in energy consumption from renewable energy sources, and a smaller impact of total R&D expenditure as well as enterprise R&D expenditure on the increase in fossil energy consumption. Also noted was a weak relationship between R&D expenditure and electricity and gas prices for both household and non-household customers. The obtained results prove that in the context of the level of implementation of SDG No. 7 in the EU countries, R&D expenditure results in greater access to low-emission energy from renewable sources, but the achievement of the aforementioned sustainable development goal in other aspects (reduction in energy consumption from fossil fuels and ensuring lower price energy) is not possible with the current level of R&D expenditure.

Keywords: sustainability; research and development; renewable energy; energy from fossil fuels; energy efficiency (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
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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