Does Economic Structure Differentiate the Achievements towards Energy SDG in the EU?

Cyrek, Magdalena; Cyrek, Piotr

doi:10.3390/en14082229

Cited by 8 publications

(6 citation statements)

References 23 publications

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“…At global and European levels, energy sustainability is determined as a top priority [1]. The electricity market has general principles of development and regulation inherent in other commodity markets, but it is quite specific due to the lack of material form in its main product, as well as the existence of natural monopoly sectors.…”

Section: Introductionmentioning

confidence: 99%

Ukrainian Market of Electrical Energy: Reforming, Financing, Innovative Investment, Efficiency Analysis, and Audit

Kostyrko¹,

Косова

Костирко

et al. 2021

Energies

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The aim of this research is to determine the influence of electrical energy market regulation reform in Ukraine on the competitive environment, the reproduction processes of financial and innovative support, and the energy efficiency of the national economy. The authors have put forward and verified the hypothesis that, under conditions of institutional maturity of the Ukrainian electrical energy market, its liberalization and separation of the kinds of activity related to generation, transmission, and distribution leads to a decrease in prices, and the level of economic concentration stimulates implementation of innovations and the formation of reports on sustainable development. Over the thirteen-year time interval, a steady trend of decreasing energy intensity of the Ukrainian economy was established, and the appropriateness of energy efficiency management based on strategic targets was substantiated. The electricity market model in Ukraine is defined as a hybrid one, with an emphasis on trade under bilateral agreements. It was statistically found that liberalization of the electrical energy market in Ukraine contributed to a decrease in prices, with the exception of the areas of largest household and non-household consumers. The high level of asset concentration in the accounts of large enterprises was revealed, and the conclusion concerning the improvement of the competitive environment in the electricity production sector and the existence of the features of natural monopolies in the areas of transmission and distribution of electricity was made. The assessment of the financial competitive ability and profitability of electrical energy market entities was made, the main entities of the investment activity and the sources of their financing were characterized, and innovations were emphasized. The role of the standards of the audit of integrated reporting of the Ukrainian energy holdings and their role in ensuring sustainable development was determined.

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Section: Introductionmentioning

confidence: 99%

Ukrainian Market of Electrical Energy: Reforming, Financing, Innovative Investment, Efficiency Analysis, and Audit

Kostyrko¹,

Косова

Костирко

et al. 2021

Energies

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“…Ref. [78] use this indicator in their analysis of the relationship between economic structure and achievement of sustainability goals for EU countries. Our purpose was not to conduct a comprehensive risk assessment, as undertaken by individual companies that have access to their own detailed internal data.…”

Section: Methodsmentioning

confidence: 99%

A VaR-Based Methodology for Assessing Carbon Price Risk across European Union Economic Sectors

et al. 2021

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The latest European Union measures for combating climate adopted in the “Fit for 55 package” envisage the extension of the Emissions Trading System, the first “cap-and-trade” system in the world created for achieving climate targets, which limits the amount of greenhouse gas emissions by imposing a price on carbon. In this context, our study provides an integrated assessment of carbon price risk exposure of all economic sectors in the European Union Member States, thus supporting decision making in determining the energy transition risk. We propose a novel approach in assessing carbon risk exposure using the Value at Risk methodology to compute the carbon price under the EU ETS, based on historical price simulation for January–August 2021 and ARMA-GARCH models for the October 2012–August 2021 period. We further built a value erosion metric, which allowed us to establish each sector’s exposure to risk and to identify differences between Eastern and Western EU countries. We find that the refining sector appears to be highly vulnerable, whereas there is higher potential for large losses in the energy supply and chemical sectors in Eastern EU Member States, given a different pace of industry restructuring.

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“…Meanwhile, from the environmental perspective, it is crucial to ensure decoupling of the economic growth from the environmental impacts. So far, technological progress and changes in economic structure are the main strategies used seeking to reduce this impact [84,85].…”

Section: Household Income and Consumption Level In The Baltic Statesmentioning

confidence: 99%

Sustainable Consumption in the Baltic States: The Carbon Footprint in the Household Sector

Liobikienė

Brizga

2022

Sustainability

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Sustainable consumption is one of the main aspects while implementing sustainable development goals. The main feature of sustainable consumption is the reduction of environmental impact. Thus, it is vital to understand and evaluate the environmental impact caused by consumption. In this paper, carbon footprint analyses of the Baltic States for the period of 2000–2019 were used to study sustainable consumption and pro-environmental behavior development. The results show not only how carbon footprint changes in different consumption categories (e.g., mobility, housing, food, and services), but whether it is related to changes in pro-environmental behavior as the promotion of sustainable consumption is crucial to reduce the consumption-based carbon footprint. The results from multi-regional input-output analyses show that in the Baltic States 62–71% of all the household carbon footprint is attributed to the three main consumption categories—transport, food, and housing. These categories are also responsible for 53–56% of the household expenditure. Consequently, changes in our mobility, food consumption, and housing management practices can significantly reduce the household environmental impacts. However, to minimize carbon footprints, behavioral changes are not enough; structural changes in the agro-food, housing, energy, and transport systems are also needed.

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Does Economic Structure Differentiate the Achievements towards Energy SDG in the EU?

Cited by 8 publications

References 23 publications

Ukrainian Market of Electrical Energy: Reforming, Financing, Innovative Investment, Efficiency Analysis, and Audit

Ukrainian Market of Electrical Energy: Reforming, Financing, Innovative Investment, Efficiency Analysis, and Audit

A VaR-Based Methodology for Assessing Carbon Price Risk across European Union Economic Sectors

Sustainable Consumption in the Baltic States: The Carbon Footprint in the Household Sector

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