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.
Highlights
One of the key objectives of the European Union (EU) is the transition to a total decarbonization of the economy by 2050 [1]
Various programs are promoted from different EU bodies, such as the Horizon 2020 [2] or the Program for the Environment and Climate Action (LIFE) [3] programs, to achieve this challenge
The European Council agreed on a 2030 framework for climate and energy, concreted in four fundamental targets: a 40% cut in greenhouse gas emissions (GHG) compared to 1990 levels, at least a 32% share of renewable energy (RES) consumption, an improvement in energy efficiency at the EU level of at least 32.5%, and an electricity interconnection target of 15% [6]
Summary
One of the key objectives of the European Union (EU) is the transition to a total decarbonization of the economy by 2050 [1]. Various programs are promoted from different EU bodies, such as the Horizon 2020 [2] or the Program for the Environment and Climate Action (LIFE) [3] programs, to achieve this challenge Within these programs, the transition to clean energy plays an important role, including aspects such as innovation [4,5], improvement of energy efficiency, global leadership in renewable energies through a reduction in costs, the improvement of its performance, and ease of the adoption of the renewable solutions in the market, as well as the integration of renewables and a more active role by consumers, so that the impact of fossil waste is reduced, while taking into account a global perspective—that is, a technological and a social and economic dimension. In the field of climate change and environment and energy, CORDIS has reported 33 funded projects by the EU framework programs [11]
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