Publication detail

Comparative Assessment of the Impact of Electricity Consumption in Different Economic Sectors on the Economic Development of the EU Member States

GINEVIČIUS, R. NOGA, G. ŽEMAITIS, E. PIONTEK, B. ŠUHAJDA, K.

Original Title

Comparative Assessment of the Impact of Electricity Consumption in Different Economic Sectors on the Economic Development of the EU Member States

Type

journal article in Web of Science

Language

English

Original Abstract

Recently, the Member States of the European Union (EU) have found themselves in a controversial situation. On the one hand, national economic development is barely possible without increasing electricity consumption, whereas on the other we are facing increased use of natural resources (coal, oil, gas, wood), thermal effects, pollution and risks to human health. The European Green Deal is a response to the currently observed negative trends. The strategy aims to accelerate the economic development of the EU Member States, thus reducing electricity consumption. Objectives may include both the national economy and the electricity generation sector by applying advanced technologies and introducing innovations that increase output efficiency while reducing electricity costs. Assessing the current situation is vital for the successful implementation of the European Green Deal, i.e., by comparing the impact of electricity consumption on the economic development of the Member States. Thus, combining indicators for national economic development and the extent of electricity consumption into a single aggregate is necessary because electricity greatly affects economic development. The proposed methodology allows dividing the analysed EU Member States into three groups, in line with the degree of national economic development and the scope of electricity consumption in their economy sectors.

Keywords

national economic development; electricity consumption; economic sectors

Authors

GINEVIČIUS, R.; NOGA, G.; ŽEMAITIS, E.; PIONTEK, B.; ŠUHAJDA, K.

Released

10. 12. 2021

Publisher

MDPI

Location

BASEL

ISBN

1996-1073

Periodical

ENERGIES

Year of study

14

Number

24

State

Swiss Confederation

Pages from

1

Pages to

14

Pages count

14

URL

https://www.mdpi.com/1996-1073/14/24/8335/htm

Full text in the Digital Library

http://hdl.handle.net/11012/204004

BibTex

@article{BUT176870,
  author="Romualdas {Ginevičius} and Gracjana {Noga} and Eigirdas {Žemaitis} and Barbara {Piontek} and Karel {Šuhajda}",
  title="Comparative Assessment of the Impact of Electricity Consumption in Different Economic Sectors on the Economic Development of the EU Member States",
  journal="ENERGIES",
  year="2021",
  volume="14",
  number="24",
  pages="1--14",
  doi="10.3390/en14248335",
  issn="1996-1073",
  url="https://www.mdpi.com/1996-1073/14/24/8335/htm"
}