Sustainable Governance, Energy Security, and Energy Losses of Europe in Turbulent Times
The article aims to identify the relationship between energy efficiency and particular indicators of energy losses in Europe. The results of the bibliographic analysis showed a knowledge gap in energy losses in Europe regarding the new challenges of energy security. For the analysis, annual panel da...
| Main Authors: | , , , , , , |
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| Format: | Article |
| Language: | English |
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MDPI AG
2022-11-01
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| Series: | Energies |
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| Online Access: | https://www.mdpi.com/1996-1073/15/23/8857 |
| _version_ | 1797463334913572864 |
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| author | Tomasz Wołowiec Svitlana Kolosok Tetiana Vasylieva Artem Artyukhov Łukasz Skowron Oleksandr Dluhopolskyi Larysa Sergiienko |
| author_facet | Tomasz Wołowiec Svitlana Kolosok Tetiana Vasylieva Artem Artyukhov Łukasz Skowron Oleksandr Dluhopolskyi Larysa Sergiienko |
| author_sort | Tomasz Wołowiec |
| collection | DOAJ |
| description | The article aims to identify the relationship between energy efficiency and particular indicators of energy losses in Europe. The results of the bibliographic analysis showed a knowledge gap in energy losses in Europe regarding the new challenges of energy security. For the analysis, annual panel data from 32 European countries were collected from 1990 to 2019. The authors used the Jarque–Bera test to assess the normality of the residuals, utilized the Breush–Pagan test for heteroskedasticity check, and applied regression analysis to determine the relationship between energy efficiency and energy loss rates in Europe. To assess the effects of energy losses, the authors performed OLS modeling using the stats model’s package in Python. According to the modeling results, an increase in distribution losses (% of available energy from all sources) by 1% in Europe leads to an increase in energy consumption by 17.16% under other constant conditions. There is significant heterogeneity between European countries concerning energy efficiency and energy loss coefficients. Such a situation requires the development of new strategies and mechanisms to reduce energy losses, considering the challenges of energy security in Europe in turbulent times. Further research can be devoted to clustering European countries according to the main groups of energy losses: in the extraction, distribution, storage, and transformation of energy. |
| first_indexed | 2024-03-09T17:49:11Z |
| format | Article |
| id | doaj.art-31a8907114a148d3bfca6d23179da706 |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-03-09T17:49:11Z |
| publishDate | 2022-11-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-31a8907114a148d3bfca6d23179da7062023-11-24T10:51:23ZengMDPI AGEnergies1996-10732022-11-011523885710.3390/en15238857Sustainable Governance, Energy Security, and Energy Losses of Europe in Turbulent TimesTomasz Wołowiec0Svitlana Kolosok1Tetiana Vasylieva2Artem Artyukhov3Łukasz Skowron4Oleksandr Dluhopolskyi5Larysa Sergiienko6Faculty of Public Administration and Business, WSEI University, 20-209 Lublin, PolandAcademic and Research Institute of Business, Economics and Management, Sumy State University, 40007 Sumy, UkraineAcademic and Research Institute of Business, Economics and Management, Sumy State University, 40007 Sumy, UkraineAcademic and Research Institute of Business, Economics and Management, Sumy State University, 40007 Sumy, UkraineFaculty of Management, Lublin University of Technology, 20-618 Lublin, PolandFaculty of Public Administration and Business, WSEI University, 20-209 Lublin, PolandFaculty of National Security, Law and International Relations, Zhytomyr Polytechnic State University, 10005 Zhytomyr, UkraineThe article aims to identify the relationship between energy efficiency and particular indicators of energy losses in Europe. The results of the bibliographic analysis showed a knowledge gap in energy losses in Europe regarding the new challenges of energy security. For the analysis, annual panel data from 32 European countries were collected from 1990 to 2019. The authors used the Jarque–Bera test to assess the normality of the residuals, utilized the Breush–Pagan test for heteroskedasticity check, and applied regression analysis to determine the relationship between energy efficiency and energy loss rates in Europe. To assess the effects of energy losses, the authors performed OLS modeling using the stats model’s package in Python. According to the modeling results, an increase in distribution losses (% of available energy from all sources) by 1% in Europe leads to an increase in energy consumption by 17.16% under other constant conditions. There is significant heterogeneity between European countries concerning energy efficiency and energy loss coefficients. Such a situation requires the development of new strategies and mechanisms to reduce energy losses, considering the challenges of energy security in Europe in turbulent times. Further research can be devoted to clustering European countries according to the main groups of energy losses: in the extraction, distribution, storage, and transformation of energy.https://www.mdpi.com/1996-1073/15/23/8857sustainable governanceenergy securityenergy lossesEUenergy efficiency |
| spellingShingle | Tomasz Wołowiec Svitlana Kolosok Tetiana Vasylieva Artem Artyukhov Łukasz Skowron Oleksandr Dluhopolskyi Larysa Sergiienko Sustainable Governance, Energy Security, and Energy Losses of Europe in Turbulent Times Energies sustainable governance energy security energy losses EU energy efficiency |
| title | Sustainable Governance, Energy Security, and Energy Losses of Europe in Turbulent Times |
| title_full | Sustainable Governance, Energy Security, and Energy Losses of Europe in Turbulent Times |
| title_fullStr | Sustainable Governance, Energy Security, and Energy Losses of Europe in Turbulent Times |
| title_full_unstemmed | Sustainable Governance, Energy Security, and Energy Losses of Europe in Turbulent Times |
| title_short | Sustainable Governance, Energy Security, and Energy Losses of Europe in Turbulent Times |
| title_sort | sustainable governance energy security and energy losses of europe in turbulent times |
| topic | sustainable governance energy security energy losses EU energy efficiency |
| url | https://www.mdpi.com/1996-1073/15/23/8857 |
| work_keys_str_mv | AT tomaszwołowiec sustainablegovernanceenergysecurityandenergylossesofeuropeinturbulenttimes AT svitlanakolosok sustainablegovernanceenergysecurityandenergylossesofeuropeinturbulenttimes AT tetianavasylieva sustainablegovernanceenergysecurityandenergylossesofeuropeinturbulenttimes AT artemartyukhov sustainablegovernanceenergysecurityandenergylossesofeuropeinturbulenttimes AT łukaszskowron sustainablegovernanceenergysecurityandenergylossesofeuropeinturbulenttimes AT oleksandrdluhopolskyi sustainablegovernanceenergysecurityandenergylossesofeuropeinturbulenttimes AT larysasergiienko sustainablegovernanceenergysecurityandenergylossesofeuropeinturbulenttimes |