Global Conditions and Changes in the Level of Renewable Energy Sources

Abstract

The progressing globalization of the contemporary economy impacts its volatility and unpredictability. The directions of changes in the socioeconomic development of the contemporary global economy are determined by a number of interrelated diverse factors. Factors clearly influencing the development of the modern international economy include innovation, digitization processes, instability of the economy caused by armed conflicts or pandemic outbreaks, the concept of sustainable development, climate policy, as well as issues related to the depletion of energy resources and the necessity of ensuring global energy security. The purpose of the article is to identify the factors of the development of the contemporary economy along with the analysis and evaluation of their impacts on changes in the level of renewable energy sources (RESs) in the EU countries. The time scope of the analysis covers the years 2013 and 2022 (a 10-year perspective). The study used the methods of literature study, literature criticism, statistical data analysis (statistical databases: EUROSTAT and IRENA), and linear ordering methods (TOPSIS and EDAS). The study results indicate that the levels of the RESs have changed in response to the factors diagnosed in the study. In the years studied, the leaders in terms of levels of RES development were France, Spain, and Denmark.