Progress of Renewable Energy Use in EU Countries – Statistical Analysis of Trends and Factors

Sonia Chipeva () and Ventsislava Stoyanova ()
Additional contact information
Sonia Chipeva: University of National and World Economy, Sofia, Bulgaria
Ventsislava Stoyanova: University of National and World Economy, Sofia, Bulgaria

Godishnik na UNSS, 2024, issue 1, 63-80

Abstract: The use of renewable energy sources is an important aspect of economic development throughout the world, including Europe, as it provides clean energy and contributes significantly to environmental transformation. Three clusters of EU countries are identified concerning their progress of the share of renewable energy (SRE) use in gross energy consumption for 2004-2022 applying cluster analysis based on the SRE trends in the period. Effects of important factors for expanding SRE are analyzed by developing a set of econometric models of renewable energy use in main sectors of energy balance – electricity, transport and cooling & heating.

Keywords: cluster analysis; trends; sustainability; share of renewable energy (SRE); econometric models; EU members (search for similar items in EconPapers)
JEL-codes: C33 C38 O13 O14 P28 Q01 (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://unwe-yearbook.org/en/journalissues/article/11602 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nwe:godish:y:2024:i:1:p:63-80

Access Statistics for this article

More articles in Godishnik na UNSS from University of National and World Economy, Sofia, Bulgaria Contact information at EDIRC.
Bibliographic data for series maintained by Vanya Lazarova ().