Econometric Studies on the Development of Renewable Energy Sources to Support the European Union 2020–2030 Climate and Energy Framework: A Critical Appraisal

Abstract

One of the key objectives of the European Union is the transition to a total decarbonization of the economy by 2050. Within this strategic framework, the renewable energy development target plays a key role. This renewable energy deployment must be translated into national and European Union realities through specific political decisions. The econometric analysis techniques have the capacity to represent, in a mathematical and objective way, the system of relations comprising the economic, technical, and political factors that contribute to the deployment of renewable energy, and the impact that such an investment in renewable energy has at an economic, environmental, and social level. Therefore, econometric studies have a high potential to support policymakers who have to translate the guidelines of the strategic plan for renewable energy deployment into concrete policies. This article analyzed the capacity of the econometric literature on renewable energy development to provide this support, by means of a bibliometric study carried out on a sample of 153 documents related to 1329 keywords. The results show that, in general, there is a large literature based on econometric methodology to support the different renewable energy guidelines provided by the European Union 2020–2030 climate and energy strategic framework.

Development of Sustainable Energy Use with Attention to Fruitful Policy

“…There are many countries where a considerable part of their energy is provided through renewable energy, expanding this plan [58]. The countries such as Germany [59], China [60], the US [61], Denmark [62], the UK [63] and European Union countries [64] are pioneer countries in this field. With an accurate glance at these countries' policies during these years, we will understand that all sections have developed renewable energy and widespread popular support for using renewable energy [65].…”

Biomass and Cellulose Dissolution—The Important Issue in Renewable Materials Treatment

“…The trends are also reflected in world politics. For example, starting in 2020, the development of the energy sector in the European Union is focused on renewable energy sources (RES), such as solar energy (photovoltaics), wind energy (wind farms), hydropower (hydropower plants), or biomass [1].…”

Energy Consumption of the Urban Transport Fleet in UNESCO World Heritage Sites: A Case Study of Ávila (Spain)

“…On the other hand, the Framework for Action on Climate and Energy until 2030, to be implemented in the EU as of 2021, includes the following European energy policy objectives for the year 2030: (i) to mandatorily reduce EU greenhouse gas emissions by at least 55%, compared to 1990 values; (ii) to increase the share of renewable energies in total EU energy consumption to at least 32% by the year 2030; and (iii) to improve energy efficiency by at least 32% [8,9].…”