Assesmeent of casual relationships between determinants of energy efficiency of the country in the context of the implementation of the European Green Deal Policy
DOI:
https://doi.org/10.35774/visnyk2021.02.080Keywords:
energy policy, energy gap, energy efficiency gap, sustainable development.Abstract
Introduction. The growing interest in energy efficiency and energy dependence of countries stimulates the scientific community to explore and analyze the main determinants that influence changes in relevant processes. In particular, the generally accepted Sustainable Development Goals by 2030 include seven goals focused on available energy resources and energy efficiency through the development of green energy and clean technologies. In addition, in 2019, the EU and Ukraine began implementing the «European Green Agreement», which aimed to transition to a carbon-neutral economy and increase energy efficiency.
The aim of the study is to analyze the impact of key determinants on energy efficiency policy of the national economy in the context of integration of the European Green Agreement.
Research methods. It is necessary to note the main tools that were involved in the bibliometric analysis: databases Scopus and Web of Science (to analyze the trends of publishing activities); VOSviewer (to visualize the results of meta-analysis). The study used the Granger causality test to verify hypothesis on the casual relationships between the selected indicators. Data from the following databases were used: Eurostat, Ukrstat and the European Environment Agency.
Results. The obtained results confirmed the bidirectional causality between energy efficiency and renewable energy, as well as the unidirectional causality between greenhouse gas emissions and energy efficiency.
Perspectives. Requires further research on the developing of effective instruments for activating the green investment market.
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