| Title | The Dilemma of the European Integration Principle-Ensuring Energy Independence of the European Union |
|---|---|
| ID_Doc | 63713 |
| Authors | Litra, AV; Nichifor, E; Chitu, IB; Zamfirache, A; Bratucu, G |
| Title | The Dilemma of the European Integration Principle-Ensuring Energy Independence of the European Union |
| Year | 2023 |
| Published | Sustainability, 15, 21 |
| Abstract | The European Union's energy policy confronts the intricate challenge of achieving energy independence through integration and transition, necessitating a careful calibration of its implementation scale. Recognizing that the heightened energy dependence represents a threat to the economic convergence and cohesion of the member states, the authors adopted a comprehensive approach to scrutinizing the energy landscape. The study examines the orientation toward renewable energy sources, encompassing their utilization in both transportation and household electricity supply. Leveraging a combination of statistical and econometric methodologies, the researchers analyzed the EU's energy composition, evaluating its far-reaching impact on both micro- and macroeconomic dimensions. Beginning with the central endogenous variable of the study, dependence on imports, the research extends to the assessment of gross available energy. Through rigorous examination, the authors underscored the pivotal role of renewable fuels in final energy consumption and demonstrated the influence of green energy sources on household consumption. This investigation, complemented by the section of the ARIMA model for electricity price modeling, not only elucidated the dilemma but also presented renewable energy sources as a viable solution to curtail the European Union's dependence on energy imports, even in their current underutilized state. |
| https://www.mdpi.com/2071-1050/15/21/15560/pdf?version=1698913778 |
Similar Articles
| ID | Score | Article |
|---|---|---|
63422
|
Kukharets, V; Hutsol, T; Kukharets, S; Glowacki, S; Nurek, T; Sorokin, D European Green Deal: The Impact of the Level of Renewable Energy Source and Gross Domestic Product per Capita on Energy Import Dependency(2023)Sustainability, 15, 15 | |
| 64057
|
Lupu, I; Hurduzeu, G; Lupu, R; Floriana, M; Gavrilescu, C Drivers For Renewable Energy Consumption In European Union Countries. A Panel Data Insight(2023)Amfiteatru Economic, 25, 63 | |
| 75585
|
Bórawski, P; Wyszomierski, R; Beldycka-Bórawska, A; Mickiewicz, B; Kalinowska, B; Dunn, J; Rokicki, T Development of Renewable Energy Sources in the European Union in the Context of Sustainable Development Policy(2022)Energies, 15, 4 | |
| 14152
|
Bozsik, N; Magda, R; Bozsik, N Analysis of Primary Energy Consumption, for the European Union Member States(2023)Acta Polytechnica Hungarica, 20, 10 | |
| 32898
|
Ginevicius, R; Noga, G; Zemaitis, E; Piontek, B; Suhajda, K Comparative Assessment of the Impact of Electricity Consumption in Different Economic Sectors on the Economic Development of the EU Member States(2021)Energies, 14.0, 24 | |
| 63716
|
Gajdzik, B; Nagaj, R; Wolniak, R; Balaga, D; Zuromskaite, B; Grebski, WW Renewable Energy Share in European Industry: Analysis and Extrapolation of Trends in EU Countries(2024)Energies, 17, 11 | |
| 63414
|
Brodny, J; Tutak, M Analyzing Similarities between the European Union Countries in Terms of the Structure and Volume of Energy Production from Renewable Energy Sources(2020)Energies, 13, 4 | |
| 64277
|
Simionescu, M; Strielkowski, W; Schneider, N; Smutka, L Convergence behaviours of energy series and GDP nexus hypothesis: A non-parametric Bayesian application(2022)Plos One, 17, 8 | |
| 66514
|
Medina, A; Camara, A; Monrobel, JR Measuring the Socioeconomic and Environmental Effects of Energy Efficiency Investments for a More Sustainable Spanish Economy(2016)Sustainability, 8, 10 | |
| 64777
|
Marra, A; Colantonio, E The institutional and socio-technical determinants of renewable energy production in the EU: implications for policy(2022)Journal Of Industrial And Business Economics, 49, 2 |