Assessing Energy Efficiency for Economic and Sustainable Development in the Region of European Union Countries

Dong Yan,Pinbo Yao,Hongda Liu

doi:10.3389/fenvs.2021.779163

Dong Yan, Pinbo Yao + Show 1 more

Open Access

https://doi.org/10.3389/fenvs.2021.779163

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Abstract

The objective of this research is to estimate the energy-saving intensities of nations within the European Union, applying varied equations of the DEA analysis, such as the DEA, modified radial equation, Russel dynamic envelope analysis, and the adjusted Russel Dynamic envelope Analysis, throughout the period of 2010–2018. Unlike other studies, this analysis seeks to unravel whether European nations are effective in increasing the EE finance of their respective economies. Because the European Union not only has geographical ties between regions, it is also a collection of interests of various sovereign states, its energy exhibits efficiency changes under the relationship of competition and cooperation under that economic effect. Regarding this circumstance, different dynamic envelope evaluations were formulated. One primary finding is that nations such as Germany, Sweden, or Austria attain robust ecological safeguard performance, seem to be using less energy, and are ecologically efficient relative to other nations such as Denmark, Belgium, Spain, France, or Ireland. Furthermore, a group of Eastern EU nations attained reduced efficiency marks, which could be categorized as anticipated, as a result of reduced technological implementation within the principal manufacturing sectors. The main result of this study is that few nations are performing in terms of efficiency. Additionally, RE (Renewable Energy) power production expands as nations’ dynamic envelope analysis marks and creates inefficient governments nearer to the efficiency frontline. Inversely, the presence of peak-time power consumption reduced the dynamic envelope analysis marks and increased the distance from the Frontier of efficiency (the optimal value of efficiency).

Highlights

The European Union’s economic policy and development strategy aim to create a low carbon economy as well as a resource-efficient economy
The key aim of this study is to examine the present condition in addition to emerging indicators of EE centered on the dynamic envelope analysis
The resident population expansion rate is the only unit for the efficient deprecation of capital that changes via regions and within the course of time (n)

Summary

Introduction

The European Union’s economic policy and development strategy aim to create a low carbon economy as well as a resource-efficient economy To realize this goal, the European Union aims to grow its efficiency in terms of energy consumption by about 20 percent, decrease carbon dioxide emissions to 20 percent of the cumulative energy being consumed, and generate 20 percent of its energy from Renewable Energies (RES). The European Union aims to grow its efficiency in terms of energy consumption by about 20 percent, decrease carbon dioxide emissions to 20 percent of the cumulative energy being consumed, and generate 20 percent of its energy from Renewable Energies (RES) This initiative is called the 20–20-20 plan of action by the EU (Nugent and Rhinard 2019). The disparity amongst the energy savings attained as well as the possibility of energy cutbacks led to a significant shortfall in efficiency standards in the United Kingdom’s real estate market (Jurgita Malinauskaite et al, 2020)

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