Transition to a sustainable energy production and consumption model – mapping the patterns of success
This research paper fills a literature gap by tapping into Europe’s Just Transition to green energy production and consumption models and introduces empirically derived trends. The mix of analysed variables was targeted at sustainable energy transformation models according to complementary economic...
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| Format: | Article |
| Language: | English |
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Vilnius Gediminas Technical University
2022-06-01
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| Series: | Journal of Business Economics and Management |
| Subjects: | |
| Online Access: | https://mla.vgtu.lt/index.php/JBEM/article/view/17022 |
| _version_ | 1811226325840560128 |
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| author | Maria-Floriana Popescu Marius Constantin Bogdan Cristian Chiripuci |
| author_facet | Maria-Floriana Popescu Marius Constantin Bogdan Cristian Chiripuci |
| author_sort | Maria-Floriana Popescu |
| collection | DOAJ |
| description |
This research paper fills a literature gap by tapping into Europe’s Just Transition to green energy production and consumption models and introduces empirically derived trends. The mix of analysed variables was targeted at sustainable energy transformation models according to complementary economic research areas. Based on the clustered heat maps method, double dendrograms were constructed to identify socioeconomic and environmental patterns that characterize highly economic-efficient and sustainable transition patterns from the standard energy production and consumption model to the environmental-friendly and cost-efficient model in the European area. Results show that Austria, Denmark, Norway, Ireland, and Luxembourg followed the patterns of highly economically performant European countries that turned energy and resource productivity in their favour based on multiple factors: recycling, R&D, innovation, digitization. The opposite was observed in the case of many South-Eastern European countries. Robustness checks were performed based on the linear discriminant analysis methodology and results confirmed that Northern European countries lead the change to a more sustainable future. In this context, this research brings empirical results for decision-makers and aims to facilitate a better understanding for adapting policies according to national needs, as well as to the patterns of success identified in the case of European leaders.
First published online 15 June 2022
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| first_indexed | 2024-04-12T09:23:15Z |
| format | Article |
| id | doaj.art-05758e9e6047439fba5d677823442052 |
| institution | Directory Open Access Journal |
| issn | 1611-1699 2029-4433 |
| language | English |
| last_indexed | 2024-04-12T09:23:15Z |
| publishDate | 2022-06-01 |
| publisher | Vilnius Gediminas Technical University |
| record_format | Article |
| series | Journal of Business Economics and Management |
| spelling | doaj.art-05758e9e6047439fba5d6778234420522022-12-22T03:38:33ZengVilnius Gediminas Technical UniversityJournal of Business Economics and Management1611-16992029-44332022-06-0110.3846/jbem.2022.17022Transition to a sustainable energy production and consumption model – mapping the patterns of successMaria-Floriana Popescu0Marius Constantin1Bogdan Cristian Chiripuci2The Research Center in International Economic Relations (CCREI), Bucharest University of Economic Studies, Bucharest, Romania; International Business and Economics Department, Faculty of International Business and Economics, Bucharest University of Economic Studies, Bucharest, RomaniaAgri-food and Environmental Economics Department, Faculty of Agri-food and Environmental Economics, Bucharest University of Economic Studies, Bucharest, RomaniaAgri-food and Environmental Economics Department, Faculty of Agri-food and Environmental Economics, Bucharest University of Economic Studies, Bucharest, Romania This research paper fills a literature gap by tapping into Europe’s Just Transition to green energy production and consumption models and introduces empirically derived trends. The mix of analysed variables was targeted at sustainable energy transformation models according to complementary economic research areas. Based on the clustered heat maps method, double dendrograms were constructed to identify socioeconomic and environmental patterns that characterize highly economic-efficient and sustainable transition patterns from the standard energy production and consumption model to the environmental-friendly and cost-efficient model in the European area. Results show that Austria, Denmark, Norway, Ireland, and Luxembourg followed the patterns of highly economically performant European countries that turned energy and resource productivity in their favour based on multiple factors: recycling, R&D, innovation, digitization. The opposite was observed in the case of many South-Eastern European countries. Robustness checks were performed based on the linear discriminant analysis methodology and results confirmed that Northern European countries lead the change to a more sustainable future. In this context, this research brings empirical results for decision-makers and aims to facilitate a better understanding for adapting policies according to national needs, as well as to the patterns of success identified in the case of European leaders. First published online 15 June 2022 https://mla.vgtu.lt/index.php/JBEM/article/view/17022sustainable energy modelsustainabilityeconomics of clean energyrenewable energyenvironmental and economic efficiencyperformance assessment |
| spellingShingle | Maria-Floriana Popescu Marius Constantin Bogdan Cristian Chiripuci Transition to a sustainable energy production and consumption model – mapping the patterns of success Journal of Business Economics and Management sustainable energy model sustainability economics of clean energy renewable energy environmental and economic efficiency performance assessment |
| title | Transition to a sustainable energy production and consumption model – mapping the patterns of success |
| title_full | Transition to a sustainable energy production and consumption model – mapping the patterns of success |
| title_fullStr | Transition to a sustainable energy production and consumption model – mapping the patterns of success |
| title_full_unstemmed | Transition to a sustainable energy production and consumption model – mapping the patterns of success |
| title_short | Transition to a sustainable energy production and consumption model – mapping the patterns of success |
| title_sort | transition to a sustainable energy production and consumption model mapping the patterns of success |
| topic | sustainable energy model sustainability economics of clean energy renewable energy environmental and economic efficiency performance assessment |
| url | https://mla.vgtu.lt/index.php/JBEM/article/view/17022 |
| work_keys_str_mv | AT mariaflorianapopescu transitiontoasustainableenergyproductionandconsumptionmodelmappingthepatternsofsuccess AT mariusconstantin transitiontoasustainableenergyproductionandconsumptionmodelmappingthepatternsofsuccess AT bogdancristianchiripuci transitiontoasustainableenergyproductionandconsumptionmodelmappingthepatternsofsuccess |