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Sustainable Energy: Economy & Policy in Europe
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Sustainable Energy: Economy & Policy in Europe

A special issue of Energies (ISSN 1996-1073). This special issue belongs to the section "C: Energy Economics and Policy".

Deadline for manuscript submissions: closed (15 December 2021) | Viewed by 11183

Special Issue Editor

Prof. Dr. Danuta Dziawgo

E-Mail Website
Guest Editor
Faculty of Economic Sciences and Management, Nicolaus Copernicus University, 87-100 Toruń, Poland
Interests: financial market; sustainable finance; financial market instruments; credit rating; investor relations; risk in finance; individual investors; ethics in finance; integrated reporting

Special Issue Information

Dear Colleagues,

The Guest Editor is inviting submissions to the Special Issue of Energies on the subject area of “Sustainable Energy: Economy & Policy in Europe.”

The importance of energy in the modern world is undeniable. Energy can be viewed as one of the key drivers of human progress, although natural resources used in the sectors of energy are limited. However, future human existence should not be threatened by the lack of access to energy resources. Therefore, smooth replacement by alternative, renewable energy resources has become a significant civilization challenge for the dynamic long-term economy development. That transformation can be thought of as looking for sustainable energy in sustainable-oriented society.

As a result of a series of discussions, the concept of sustainable socio-economic development based on the development of renewable energy is now widely promoted. It is worth mentioning a number of initiatives from the United Nation Organisation and European Union concerning sustainable energy within sustainable development concept. To mention a few of them: UN “Green Economy Initiative” (2008); UN “Global Green New Deal” (2009); EU “Europe 2020—A strategy for smart, sustainable and inclusive growth” 2010; UN “Sustainable Energy for All” (2011); UN “The Future We Want” (2012); EU “Energy roadmap 2050” (2013); “2030 Agenda for Sustainable Development” (2015);  EU “Accelerating Clean Energy Innovation” (2018); EU “European Green Deal” (2019).

The examples cited above clearly indicate the international importance of the energy available to everyone in the sustainable model of economic development. At the same time, they illustrate the level of pressure that is exerted on the individual countries and, consequently, on the companies, in particular in the framework of the European Union. Therefore, currently running a business in a specific social space and legal environment requires increasingly more consideration and respect for new factors.

The European Union declared the aim of achieving climate-neutral economy by 2050. This means there is a necessity to make significant investments and, thus, ensure the sources of the required financing. Especially in the case of economies where the majority of energy is obtained from coal, broad energy sector transformation will be necessary, followed by capital flow, financial support policy and legal regulation.

Therefore, a broadly understood discussion of support for the development of the sustainable energy sector, the effectiveness of the policy and economic instruments used, and the effects of changes in financial terms becomes necessary.

The Special Issue aims to highlight the challenges of sustainable development. It is, therefore, focused on how the concepts, instruments, and tools have been utilized in sustainable energy sectors’ transition process.

Topics of interest for publication include, but are not limited to:

  • Sustainable energy from economics, finance, accounting, policy and legal perspective;
  • Renewable energy;
  • Sustainable finance;
  • Sustainable development in energy sectors;
  • Economy transformation towards sustainable energy;
  • Financial market support for sustainable energy transformation;
  • Corporate adaptability towards climate-neutral economy transition;
  • Public policies concerning sustainable energy;
  • Public finance assistance in transformation process towards sustainable energy.

Prof. Dr. Danuta Dziawgo
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Energies is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2600 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Published Papers (3 papers)

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Research

11 pages, 258 KiB  
Article
The Relationship between Energy Production and GDP: Evidence from Selected European Economies
by Grażyna Szustak, Piotr Dąbrowski, Witold Gradoń and Łukasz Szewczyk
Energies 2022, 15(1), 50; https://doi.org/10.3390/en15010050 - 22 Dec 2021
Cited by 26 | Viewed by 5993
Abstract
The aim of this article was to investigate the possible relationship between energy production and GDP growth. This problem is of a crucial importance because as a numerous studies show, it is difficult to give an unambiguous answer to the question of whether [...] Read more.
The aim of this article was to investigate the possible relationship between energy production and GDP growth. This problem is of a crucial importance because as a numerous studies show, it is difficult to give an unambiguous answer to the question of whether there is a relationship between GDP and energy production and what direction it takes if it exists, i.e., whether energy production drives GDP growth or GDP growth drives energy production. The research conducted by the authors used data on hourly power production in MWh/h averaged over a whole day, which were converted into total quarterly production. The data were divided in terms of the type of energy into conventional, renewable, other and total. Next, the correlation coefficient was calculated for proper data sets in order to determine whether there was a correlation between the variables. The main conclusion from the study is the fact that a correlation measured with the Pearson correlation coefficient is not reflected in the data. Changes in power production independent of the source of power do not influence the GDP directly. Naturally, in some countries, the connection between power production and GDP was stronger; however, comparing this to the rest of the researched countries, where correlation was low or even extremely low, it can be seen that the relationship is random. This study should be seen as an introductory one with a perspective of broadening research in terms of causality between variables, which, nowadays, has great application in terms of climate change and sustainable development. Full article
(This article belongs to the Special Issue Sustainable Energy: Economy & Policy in Europe)
15 pages, 2736 KiB  
Article
The Convergence of Energy Use from Renewable Sources in the European Countries: Spatio-Temporal Approach
by Mateusz Jankiewicz
Energies 2021, 14(24), 8378; https://doi.org/10.3390/en14248378 - 12 Dec 2021
Cited by 4 | Viewed by 2212
Abstract
This article presents the analysis of the convergence of energy use from renewable sources among chosen European countries using a spatio-temporal approach. The high energy dependence of European countries on the economies of other continents makes the development of the use of renewable [...] Read more.
This article presents the analysis of the convergence of energy use from renewable sources among chosen European countries using a spatio-temporal approach. The high energy dependence of European countries on the economies of other continents makes the development of the use of renewable sources for energy production an important factor of their economic and social progress. The economic growth of every country is determined, among other factors, by an increase in the energy inputs. Therefore, in order to avoid excessive degradation of the environment, the use of renewable energy sources is increasingly becoming the crucial goal of governments worldwide. The analysis was conducted using data for 32 selected European countries in the years 1995–2019. In order to check progress in the case of the homogenization of renewable energy use, the β-convergence models for pooled cross-sectional and time-series data (TSCS) and also spatio-temporal β-convergence models were estimated. Absolute and conditional convergence was considered. Based on the literature review, the gross domestic product (GDP) per capita level and CO2 emissions per capita level as processes conditioning the convergence in the case of the renewable energy use were chosen. Moreover, the spatial dependencies between neighboring countries were included in the models, and the neighborhood was defined in two ways. The neighborhood was quantified using the connection matrices: (1) based on the common border criterion (geographical neighborhood) and (2) based on the well-being level similarity (economic neighborhood based on the HPI index values). Full article
(This article belongs to the Special Issue Sustainable Energy: Economy & Policy in Europe)
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21 pages, 14555 KiB  
Article
Determinants of the Energy Development Based on Renewable Energy Sources in Poland
by Jan L. Bednarczyk, Katarzyna Brzozowska-Rup and Sławomir Luściński
Energies 2021, 14(20), 6762; https://doi.org/10.3390/en14206762 - 17 Oct 2021
Cited by 15 | Viewed by 2195
Abstract
In this article, we aim to identify the determinants that profoundly impact renewable energy sources development in Poland. To this end, the authors have conducted qualitative and quantitative analyses of Poland’s renewable energy sector. In this paper, we demonstrate an original approach considering [...] Read more.
In this article, we aim to identify the determinants that profoundly impact renewable energy sources development in Poland. To this end, the authors have conducted qualitative and quantitative analyses of Poland’s renewable energy sector. In this paper, we demonstrate an original approach considering the different development levels of the given sector across provinces (voivodeships). It uses panel data from the Local Data Bank of the Statistics Poland on electricity production from renewable energy sources in individual voivodeships in Poland from 2005 through 2019. The study confronts the results of previous studies and sheds light on the situation in Poland—specifically, upon the changes that have happened over the ten years (2010–2019). The qualitative analysis shows a negative correlation between energy consumption and the share of renewable energy sources in total energy production. Evidence shows that favorable changes are underway in the energy production structure: RES share is growing and by degrees satisfying energy demand, and there is growing potential of energy entities in Poland. Furthermore, the analysis shows that R&D and total expenditures on environmental protection and water management investments do not significantly affect the development of RES. A dynamic panel data model has been used to analyze the group and time effects on the dependent variable. The findings confirm the existence of the persistency effect and indicate positive effects of total installed electric capacity (IEC) and household electricity consumption (HEC). Nonhousehold electricity consumption (NHEC) has a negative effect on the endogenous variable, i.e., the renewable energy sources share in the gross final energy consumption (RESS). The research results may be applicable as recommendations for energy efficiency policy development based on renewable energy sources depending on the RES development level in the regions of Poland. Full article
(This article belongs to the Special Issue Sustainable Energy: Economy & Policy in Europe)
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