Energy Efficiency and Decarbonization in the Context of Macroeconomic Stabilization
Decarbonization is an activity aimed at reducing greenhouse gas emissions to limit climate change and global warming. Ensuring macroeconomic stabilization is the basis for ecological action. The question is whether macroeconomic stabilization helps companies, institutions and countries act for decar...
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| Format: | Article |
| Language: | English |
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MDPI AG
2021-08-01
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| Series: | Energies |
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| Online Access: | https://www.mdpi.com/1996-1073/14/16/5197 |
| _version_ | 1827685279569281024 |
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| author | Anna Misztal Magdalena Kowalska Anita Fajczak-Kowalska Otakar Strunecky |
| author_facet | Anna Misztal Magdalena Kowalska Anita Fajczak-Kowalska Otakar Strunecky |
| author_sort | Anna Misztal |
| collection | DOAJ |
| description | Decarbonization is an activity aimed at reducing greenhouse gas emissions to limit climate change and global warming. Ensuring macroeconomic stabilization is the basis for ecological action. The question is whether macroeconomic stabilization helps companies, institutions and countries act for decarbonization. This article presents research on the impact of components of macroeconomic stabilization on decarbonization and energy efficiency in the largest greenhouse gas emitters in the European Union from 1990 to 2020. We focus on the following countries, France, Germany, Italy, Poland and Spain. The contribution to knowledge is using the pentagon of macroeconomic stabilization to assess macroeconomic stabilization’s impact on decarbonization and energy efficiency. According to the correlation coefficients, the Ordinary Least Squares and the Seemingly Unrelated Regression method, there is a statistically significant impact of components of macroeconomics stabilization on decarbonization and energy efficiency. Moreover, our models show a different strength and direction of relationships between the explained and explanatory variables. Research results confirm the necessity to coordinate the macroeconomic with environmental policy. We think that it is essential to use effective tools of economic support (European Union Emissions Trading System, environmental taxes) and greater pressure from European Union institutions on countries that emit harmful substances. |
| first_indexed | 2024-03-10T08:50:34Z |
| format | Article |
| id | doaj.art-49eb07e476d84011807ee785cdd42c6e |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-03-10T08:50:34Z |
| publishDate | 2021-08-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-49eb07e476d84011807ee785cdd42c6e2023-11-22T07:33:27ZengMDPI AGEnergies1996-10732021-08-011416519710.3390/en14165197Energy Efficiency and Decarbonization in the Context of Macroeconomic StabilizationAnna Misztal0Magdalena Kowalska1Anita Fajczak-Kowalska2Otakar Strunecky3Faculty of Economics and Sociology, University of Lodz, 90-214 Lodz, PolandFaculty of Economics and Sociology, University of Lodz, 90-214 Lodz, PolandInstitute of Information Technology, Lodz University of Technology, 90-924 Lodz, PolandThe Institute of Technology and Business, 370-05 České Budějovice, Czech RepublicDecarbonization is an activity aimed at reducing greenhouse gas emissions to limit climate change and global warming. Ensuring macroeconomic stabilization is the basis for ecological action. The question is whether macroeconomic stabilization helps companies, institutions and countries act for decarbonization. This article presents research on the impact of components of macroeconomic stabilization on decarbonization and energy efficiency in the largest greenhouse gas emitters in the European Union from 1990 to 2020. We focus on the following countries, France, Germany, Italy, Poland and Spain. The contribution to knowledge is using the pentagon of macroeconomic stabilization to assess macroeconomic stabilization’s impact on decarbonization and energy efficiency. According to the correlation coefficients, the Ordinary Least Squares and the Seemingly Unrelated Regression method, there is a statistically significant impact of components of macroeconomics stabilization on decarbonization and energy efficiency. Moreover, our models show a different strength and direction of relationships between the explained and explanatory variables. Research results confirm the necessity to coordinate the macroeconomic with environmental policy. We think that it is essential to use effective tools of economic support (European Union Emissions Trading System, environmental taxes) and greater pressure from European Union institutions on countries that emit harmful substances.https://www.mdpi.com/1996-1073/14/16/5197energy efficiencydecarbonizationmacroeconomic stabilizationeconomic growth |
| spellingShingle | Anna Misztal Magdalena Kowalska Anita Fajczak-Kowalska Otakar Strunecky Energy Efficiency and Decarbonization in the Context of Macroeconomic Stabilization Energies energy efficiency decarbonization macroeconomic stabilization economic growth |
| title | Energy Efficiency and Decarbonization in the Context of Macroeconomic Stabilization |
| title_full | Energy Efficiency and Decarbonization in the Context of Macroeconomic Stabilization |
| title_fullStr | Energy Efficiency and Decarbonization in the Context of Macroeconomic Stabilization |
| title_full_unstemmed | Energy Efficiency and Decarbonization in the Context of Macroeconomic Stabilization |
| title_short | Energy Efficiency and Decarbonization in the Context of Macroeconomic Stabilization |
| title_sort | energy efficiency and decarbonization in the context of macroeconomic stabilization |
| topic | energy efficiency decarbonization macroeconomic stabilization economic growth |
| url | https://www.mdpi.com/1996-1073/14/16/5197 |
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