Next Article in Journal
On the Accuracy of uRANS and LES-Based CFD Modeling Approaches for Rotor and Wake Aerodynamics of the (New) MEXICO Wind Turbine Rotor Phase-III
Next Article in Special Issue
Evaluation of the Sectoral Energy Development Intensity in the Euro Area Countries
Previous Article in Journal
A Machine Learning-Based Gradient Boosting Regression Approach for Wind Power Production Forecasting: A Step towards Smart Grid Environments
Previous Article in Special Issue
The Impact of Weather Factors on Quotations of Energy Sector Companies on Warsaw Stock Exchange
 
 
Article

Energy Efficiency and Decarbonization in the Context of Macroeconomic Stabilization

1
Faculty of Economics and Sociology, University of Lodz, 90-214 Lodz, Poland
2
Institute of Information Technology, Lodz University of Technology, 90-924 Lodz, Poland
3
The Institute of Technology and Business, 370-05 České Budějovice, Czech Republic
*
Author to whom correspondence should be addressed.
Academic Editor: Yuriy Bilan
Energies 2021, 14(16), 5197; https://doi.org/10.3390/en14165197
Received: 4 July 2021 / Revised: 12 August 2021 / Accepted: 19 August 2021 / Published: 23 August 2021
(This article belongs to the Special Issue Financial Development and Energy Consumption Nexus)
Decarbonization is an activity aimed at reducing greenhouse gas emissions to limit climate change and global warming. Ensuring macroeconomic stabilization is the basis for ecological action. The question is whether macroeconomic stabilization helps companies, institutions and countries act for decarbonization. This article presents research on the impact of components of macroeconomic stabilization on decarbonization and energy efficiency in the largest greenhouse gas emitters in the European Union from 1990 to 2020. We focus on the following countries, France, Germany, Italy, Poland and Spain. The contribution to knowledge is using the pentagon of macroeconomic stabilization to assess macroeconomic stabilization’s impact on decarbonization and energy efficiency. According to the correlation coefficients, the Ordinary Least Squares and the Seemingly Unrelated Regression method, there is a statistically significant impact of components of macroeconomics stabilization on decarbonization and energy efficiency. Moreover, our models show a different strength and direction of relationships between the explained and explanatory variables. Research results confirm the necessity to coordinate the macroeconomic with environmental policy. We think that it is essential to use effective tools of economic support (European Union Emissions Trading System, environmental taxes) and greater pressure from European Union institutions on countries that emit harmful substances. View Full-Text
Keywords: energy efficiency; decarbonization; macroeconomic stabilization; economic growth energy efficiency; decarbonization; macroeconomic stabilization; economic growth
Show Figures

Figure 1

MDPI and ACS Style

Misztal, A.; Kowalska, M.; Fajczak-Kowalska, A.; Strunecky, O. Energy Efficiency and Decarbonization in the Context of Macroeconomic Stabilization. Energies 2021, 14, 5197. https://doi.org/10.3390/en14165197

AMA Style

Misztal A, Kowalska M, Fajczak-Kowalska A, Strunecky O. Energy Efficiency and Decarbonization in the Context of Macroeconomic Stabilization. Energies. 2021; 14(16):5197. https://doi.org/10.3390/en14165197

Chicago/Turabian Style

Misztal, Anna, Magdalena Kowalska, Anita Fajczak-Kowalska, and Otakar Strunecky. 2021. "Energy Efficiency and Decarbonization in the Context of Macroeconomic Stabilization" Energies 14, no. 16: 5197. https://doi.org/10.3390/en14165197

Find Other Styles
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Back to TopTop