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Dynamics of Implementation of SDG 7 Targets in EU Member States 5 Years after the Adoption of the Paris Agreement

Daniela Firoiu, George H. Ionescu, Ramona Pîrvu, Laura Cismaș, Sorin Tudor and Ioana Patrichi
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Daniela Firoiu: Department of Commerce, Economic Integration and Business Administration, Romanian-American University, 012101 Bucharest, Romania
George H. Ionescu: Department of Finance, Credit and Accounting, Romanian-American University, 012101 Bucharest, Romania
Ramona Pîrvu: Department of Economics, Accounting and International Affairs, University of Craiova, 200585 Craiova, Romania
Sorin Tudor: Department of Management, Marketing and Business Administration, University of Craiova, 200585 Craiova, Romania

Sustainability, 2021, vol. 13, issue 15, 1-22

Abstract: The European Union, by adopting the European Green Deal, aims at an extremely ambitious goal to become climate neutral by 2050. This objective implies a massive investment plan to reduce disparities between EU Member States and to support their transformation efforts in order to reshape the Union into a modern, resource-efficient and competitive economy. The objective of this paper is to analyze the dynamics of implementation of SDG 7 targets in EU Member States 5 years after the adoption of the Paris Agreement. Using hierarchical clustering analysis to reveal hidden associative structures, EU countries were grouped in 2015 and 2019 based on Eurostat data in order to identify and analyze key characteristics, but also to evaluate their evolution over time. The results of this research revealed clusters of high-performing countries, as well as countries that require increased attention and support to ease the transition to a greener economy. If in 2015 the cluster of the best performing countries consisted of four EU countries, in 2019, their number increased to eight EU countries, simultaneously with an improvement of the indicators, proving a real concern and involvement regarding the achievement of SDG 7 targets.

Keywords: sustainable development; SDG 7; EU countries; Paris Agreement; COP 21 (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (6)

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