Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/281754 
Year of Publication: 
2023
Citation: 
[Journal:] Amfiteatru Economic Journal [ISSN:] 2247-9104 [Volume:] 25 [Issue:] Special Issue No. 17 [Year:] 2023 [Pages:] 1149-1163
Publisher: 
The Bucharest University of Economic Studies, Bucharest
Abstract: 
The European Union has set ambitious goals for both energy efficiency and renewable energy use as part of its strategy to combat climate change. Using a panel data regression model that spans from 2012 to 2021, this study aims to evaluate how energy efficiency and the use of renewable energy sources impact greenhouse gas emissions and economic growth in the member states of the European Union. The findings confirm that energy efficiency and renewable energy production effectively reduce greenhouse gas emissions while also positively influencing economic growth. However, it is important to note that the impact of renewable energy production on economic growth is limited. Therefore, it is crucial to emphasise the role of energy efficiency policies for sustainable development within the European Union. In addition, these findings support the implementation of policies that promote responsible energy consumption and encourage economically and environmentally sustainable development.
Subjects: 
climate change
renewable energy
economic growth
energy efficiency.
JEL: 
O44
Q01
Q42
Q50
Q56
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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