CEU Electronic Theses and Dissertations, 2023
| Author | Cseke, Petra Zsuzsanna |
|---|---|
| Title | The determinants of the energy efficiency in the European Union |
| Summary | With the rise of energy insecurity, and volatile energy prices, the previously under-prioritized energy efficiency targets of the European Union became urgent and critically important. The improvement of energy efficiency is an excellent and undisputable way to increase energy independence, which is currently a crucial challenge for the member states in the short and medium term. This research focuses on the main determinants of energy efficiency. The first part covers the theoretical background, with an overview of the energy efficiency-related regulations in the European Union. The second part summarizes the relevant literature and analyzes data on energy efficiency in Europe. As a measurement of energy efficiency, energy intensity measures were applied. A panel data analysis on the total country level, and on the residential energy intensity level in the period between 2000-2021 is conducted on the dataset of the EU member states, UK, Norway, and Serbia. The following potential factors are examined: level of energy intensity that current and past electricity and gas prices, economic development, EU membership, population growth, energy poverty, the years of major economic or health crises, and the climate conditions are affecting the level of energy intensity. Based on the main findings of the analysis, economic development, and EU membership positively influence total energy efficiency. On the residential level, the climate circumstances and the years of major economic or health crises significantly influence energy efficiency. The effects of energy prices and economic development vary based on the model form. |
| Supervisor | Dr. Michael LaBelle |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2023/cseke_petra.pdf |
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