Sustainable development, environmental policy and renewable energy use: A dynamic panel data approach
Panagiotis Fotis and
Michael Polemis ()
Sustainable Development, 2018, vol. 26, issue 6, 726-740
The aim of this paper is to cast light on the relationship between sustainable development environmental policy and renewable energy use. We utilize a dynamic GMM approach over a panel of 34 European Union (EU) countries spanning the period 2005–2013. Our findings reveal a positive monotonic relationship between development and pollution. Energy saving positively affects environmental degradation, while energy intensity increases air pollution. Our findings have important policy implications for policy makers towards sustainability. Despite the fact that the Europe ‘20–20–20’ climate and energy package strategy seems to be achieved, the recently adopted Energy Roadmap 2050 must be updated on a regular basis in order to be effectively implemented and monitored by government officials and firms' stakeholders. Therefore, we argue that EU countries must increase the use of new technology and renewable energy capacity in order to align environmental policies towards more efficient energy use and sustainable development among the EU periphery.
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Working Paper: Sustainable development, environmental policy and renewable energy use: A dynamic panel data approach (2018)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:wly:sustdv:v:26:y:2018:i:6:p:726-740
Access Statistics for this article
Sustainable Development is currently edited by Richard Welford
More articles in Sustainable Development from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley Content Delivery ().