Relationships between Renewable Energy Consumption, Social Factors, and Health: A Panel Vector Auto Regression Analysis of a Cluster of 12 EU Countries

How to decouple tourism growth from carbon emission? A panel data from China and tourist nations

A pervasive threat regarding human health, ecological balance, progress, and sustainability marks the current era. Many nations are grappling with the consequences of the overabundance of carbon emissions from a wide range of destructive human activities, which is the primary driver of air pollution, global warming, and warming. Thus, while some countries are squandering their riches, others are making great strides to keep the environment clean and green so that future generations may thrive. National governments and policymakers are now focusing a lot of energy on addressing the dangers posed by environmental concerns and the threat of climate change. A very contentious issue in recent years has been the link between environmental change and tourism and its vulnerability. This study focuses on the impact of fluctuating visitor numbers on greenhouse gas emissions, the primary gas responsible for the acceleration of global warming and other environmental changes. Therefore, we look at how the most visited countries' carbon emissions have changed due to increased tourism. The ecological effects of tourism on a regional scale are investigated using a panel data analysis spanning the years 2001-2018 in China, including the top 80 countries. The best-modified assessment methodologies determine the overall, direct, and indirect impact of tourist spending on carbon emissions. The findings demonstrate that CO2 emissions might be reduced by environmental regulation, urbanization, and tourist revenue and that they could be increased through economic expansion, population, and tourism. Due to this distinction, tourists' overall impact is much more harmful than their direct impact. In addition, a U-shape is formed by the direct effects of carbon emissions and a growing economy, and vice versa. Several factors impact environmental regulation, including population density, population growth, pollution, and GDP growth. Spending on infrastructure development and economic expansion also considerably mitigates the impacts of tourism and environmental alteration. The results reveal that a nation's emissions often rise with the expansion of its tourism industry. Still, they begin to decline after certain levels and show that the link between the two has important policy implications.

Examining the dynamics between economic development, tourism, renewable energy and life expectancy in the Nordic economies

As the world struggles with pressing issues like climate change and sustainable development, affecting health outcomes and environmental quality, the Nordic regionsare at the forefront of major global challenges. This paper investigates the role of human capital, renewable energy use, tourism, natural resources, and economic growth in shaping life in the Nordic region i.e., Denmark, Norway, Sweden, Finland, and Iceland).Utilizing panel data spanning from 1990 to 2020, the Driscoll and Kraay standard error (DSK) technique is employed to analyze this intricate interplay. The study reveals that in the Nordic context, sustainable economic growth, bolstered by investments in human capital and the widespread acceptance of renewable energy sources, has been positively associated with increased life expectancies. Furthermore, prudent management of natural resources has helped mitigate adverse health effects related to depletion, maintaining environmental and public health standards. The thriving tourism industry has also been shown to influence lifespan in this region positively. On the contrary, the empirical finding contended that an adverse correlation exists between carbon emissions and LEX. This research underscores the importance of a comprehensive and balanced approach that considers economic development, sustainable development, and public health in pursuing longer and healthier lives, providing valuable insights for policymakers and regions seeking to replicate these positive outcomes.The findings of this study are both conceptually reliable and empirically robust, providing important insights for the formulation of environmental and health policy.

The effect of environmental degradation on self-reported health: the role of renewable energy consumption

Although there are a number of studies in the literature that have explored the effect of environmental degradation on the subjective well-being and life satisfaction, no previous study has addressed the role of renewable energy consumption in examining the effect of environmental degradation on self-reported health. To this end, we employ a conditional mixed process (CMP) model, using a unique dataset that combines both micro-level data from the 6th (2010-2014) and 7th (2017-2022) Waves of the World Values Survey (WVS) database and macro-level data from the World Bank. Our study has several important empirical findings. First, while environmental degradation deteriorates self-reported health, social capital and health expenditure have a positive impact on self-reported health. Second, the share of renewable energy consumption in total final energy consumption has a statistically significant negative impact on environmental degradation. Third, urbanization has a deteriorating effect on environmental quality and the total number of people increases environmental degradation.

A Gender Differentiated Analysis of Healthy Life Expectancy in South Asia: The Role of Greenhouse Gas Emission

The sluggish progress concerning SDG-9 and SDG 13 has made South Asia an epicentre of household and ambient greenhouse gases emissions. Furthermore, the regional progress concerning attainment of SDG-3 is considerably low. The major research objectives are twofold. First, to explore the impact of GHGs emissions from agriculture, transportation, and manufacturing sector on disaggregated life expectancy. Second, to examine the mitigating impact of renewable energy use, trade integration, and human capital development for practice policy recommendations. These research objectives are realized by employing recently advanced cross-sectional auto regressive distributed lag (CS-ARDL) model on panel data of five South Asian countries such as Bangladesh, India, Pakistan, Nepal, and Sri Lanka from 1990 to 2019. The estimation outcome reveals that the emissions from transportation, manufacturing, and agricultural sectors significantly deteriorate healthy life expectancy of male and female healthy life expectancy in South Asia with different intensity. Especially, we find that long-run impact of GHG is more profound on male healthy life expectancy than female life expectancy. The result further shows that renewable energy and human capital substantially improve healthy life expectancy, whereas the effects of trade integration are insignificant. The finding of moderating variables shows that renewable energy, human capital development, and trade integration have high potential to reduce GHGs emissions. The findings of this study urge South Asia for investments in human capital development and renewable energy along with fostering regional integration to decrease GHG and improve healthy life expectancy.

Environmental pollution and life expectancy in Somalia: do renewable energy, urbanization, and economic growth matter?

Ensuring good quality of health and longevity became a topical for policymakers and academicians. Various determinants, including socio-economic factors, have been discussed in the literature. Nevertheless, the empirical studies on this issue are scanty in least-developed countries like Somalia where the health indicators are poor. In this regard, this undertaking examines the impacts of renewable energy, urbanization, environmental pollution, and economic growth on life expectancy in Somalia for the period straddling 1990-2016. The study uses a novelty machine learning method - Kernel regularized least square (KRLS) method. The empirical results indicated that renewable energy, economic growth, and urbanization are statistically significant; whereas, environmental pollution is statistically insignificant. Renewable energy, economic growth, and urbanization exert positive effects on life expectancy in Somalia and have increasing marginal effects. Besides, bidirectional causality between renewable energy and life expectancy, life expectancy and economic growth, and environmental pollution and life expectancy are established. Moreover, unidirectional causality from urbanization to life expectancy is also observed. The study suggests that a budgetary revision be made to sort out health-related concerns resulting from a lack of healthcare services and poor sanitation for improving the longevity of the people. Additionally, investments in clean energy are necessary as will improve health outcomes without compromising economic growth and life expectancy.

Renewable energy, technological innovation, carbon emission, and life expectancy nexus: experience from the NAFTA economies

One essential component that reflects the development of society and the economy of most countries is life expectancy (LEXP). Nevertheless, LEXP can be influenced by varying factors, including socioeconomic and medical factors. Therefore, this analysis's focal point and motivation is to explore how socioeconomic factors such as economic growth, technological innovation, carbon emission, human capital, and renewable energy affect LEXP. The study utilized panel data from 1990 to 2020 from the North American Free Trade Agreement (NAFTA), which consists of the USA, Mexico, and Canada. The initial test confirmed that the research series were stationary and cointegrated. Therefore, the research applied the cross-sectional autoregressive distributed lag (CS-ARDL) model to predict the paper's short- and long-term estimates. The empirical estimated model concluded that human capital, renewable energy, technological innovation, and economic growth boost life expectancy. Contrarily, the outcome espoused that carbon emission has an inverse association with LEXP. The causality test confirmed a unidirectional interaction between human capital, economic growth, technological innovation, and life expectancy. On the other hand, there is a bidirectional connection between carbon emission, renewable energy, and life expectancy. The research suggests that stakeholders and policy-makers strengthen and enforce air quality standards to reduce pollution from industrial emissions and vehicle exhaust and encourage using cleaner technologies to promote LEXP. The research outcome is empirically and theoretically consistent, providing an essential breakthrough for environment-health-energy and economic development policies.

How can environmental degradation and income disparities influence national health: an eye bird view on China's provinces

Growing socio-economic disparity is a global issue that could disturb community health. Numerous case studies have examined the health influences of income disparities as well as the patterns that implicate those disparities. Therefore, this study attempts to examine the core determinants of mortality rate, which are environmental degradation, green energy, health expenditures, and technology (ICT) for the 25 provinces of China over the period of 2005-2020. This study uses a series of estimators to investigate the preferred objectives in which CS-ARDL and common correlated effect mean group (CCE-MG). Estimated results show the significant contribution of environmental deterioration and income inequality to the mortality rate. Furthermore, health expenditures, ICT, and green energy significantly reduce the mortality rate. Similarly, the moderate effect of income inequality on health expenditure, green energy, and ICT significantly reduces the mortality rate in selected provinces of China. More interestingly, the current study suggests policy implications to reduce the rising trend of mortality rate.

Financial innovation and environmental quality: Fresh empirical evidence from the EU Countries

Evidence shows that the European Union (EU) is a leader in using financial innovation to overcome environmental challenges and ensure sustainable development. This study explores the heterogeneous effects of financial innovations on carbon dioxide emissions (CO2) due to their destructive effects in the context of the EU, by employing the novel Method of Moments Quantile Regression (MM-QR). The study also evaluates the environmental Kuznets hypothesis during the period of 2000-2020. We used four proxies for financial innovation; the ratio of the aggregate money supply to narrow money (M3/M1), the ratio of broad to narrow money (M2/M1), the percentage change in domestic credit to the private sector (% of GDP) and a composite index of these indices using the Principal Component Analysis technique. The findings indicate that raising three financial innovation proxies can effectively raise environmental quality. It should be noted that while M3/M1 has a stronger and negative effect on CO2 emissions in low quantiles, M2/M1 has a stronger and negative effect on CO2 emissions in high quantiles. Therefore, it is recommended that a larger amount of M2 and M3 resources be directed towards green projects for financing in countries with both high and low levels of CO2 emissions, respectively.

Assessing the effect of the improvement of environmental damage compensation legal system and green finance project on the re-establishment of the ecological environment

What are the relationships among environmental regulations, green finance, and environmental damages in countries? Existing literature supports the impact of green finance or green innovation on environmental quality, but rare studies query the cointegration among other core variables. We thus utilize the yearly data of 25 Chinese provinces from 2003 to 2021 to empirically examine the relationships among access to clean energy and technology, environmental regulation, renewable green investment, subsidy on green energy, and green finance index in environmental damage compensation via an augmented mean group (AMG) and other estimators. However, the current empirical research also investigates the individual linkage of green finance components with explained variables. Overall, this study confirms the existence of cointegration relationships among these variables. Moreover, the results of AMG suggest that access to clean fuels and technology, environmental regulations, and green finance can inversely affect the explained variable in the long term. Furthermore, environmental regulations and renewable green investment positively affect environmental damages, while a separate proxy of green finance also negatively affects explained variables in the selected provinces with better environmental performance. Our empirical findings offer important policy implications for overall emerging economies to promote subsidies, environmental regulations, and green finance to improve environmental damages compensation.

Examining the causal relationship between bike-share and public transit in response to the COVID-19 pandemic

As urban transportation systems often face disruptive events, including natural and man-made disasters, the importance of resilience in the transportation sector has recently been on the rise. In particular, the worldwide spread of the COVID-19 pandemic resulted in a significant decrease in citizens' public transit use to avoid unnecessary physical contact with others. Accordingly, bike-share has been highlighted as one of the sustainable modes that can replace public transit and, thus, improve the overall resilience of the urban transportation systems in response to COVID-19. This study aims to examine the changes in causal relationships between bike-share and public transit throughout the COVID-19 pandemic in Seoul, Korea. We analyzed bike-share and public transit ridership from Jan 2018 to Dec 2020. We developed a weekly panel vector autoregressive (PVAR) model to identify the bike-transit relationships before and after the pandemic. Our results showed that COVID-19 weakens the competitive relationships between bike-share and bus transit and modal integration between bike-share and subway transit. This study also found that bus and subway transit were more competitive with each other after the outbreak of COVID-19. The study's findings suggest that bike-share can increase the overall resilience of the urban transportation system during the pandemic situation, particularly for those who rely on public transit for their mobility.

Relationship between health spending, life expectancy and renewable energy in China: A new evidence from the VECM approach

There has been a growing trend in health spending and renewable energy consumption in China over the past few decades, which has positive implications for health outcomes, such as life expectancy. Therefore, the main objective of this study is to empirically analyze the impact of health expenditures and renewable energy on life expectancy in China. We used the time series data from 2000Q1 to 2020Q4 and applied the VECM approach for the data analysis. The results of this study suggest a long run association between health spending, life expectancy and renewable energy. The increase in health spending improves life expectancy, while renewable energy consumption also positively affects life expectancy in China. Therefore, the government should allocate sufficient funding to the health sector in order to attain higher life expectancy in the country. In addition, the government should also provide incentives for the consumption and production of renewable energy, which could help to achieve the sustainable development goal and life expectancy.

Heterogeneous effect of GHG emissions and fossil energy on well-being and income in emerging economies: a critical appraisal of the role of environmental stringency and green energy

The new Agenda 2030 for sustainable development call for initiatives to bridge the gap between environmental protection and socio-economic development. To provide insight on the relationship between socio-economics, and ecology, the current study examines the effectiveness of environmental stringency and green energy to mitigate the effects of fossil energy and greenhouse gas emissions on human well-being and income for 12 emerging economies. The outcomes from dynamic heterogeneous panel estimators of cross-sectional-based auto regressive distributed lag and cross-sectional-augmented distributed lag indicate that: (i) green energy consumption and electricity consumption have a substantial positive effect on well-being and per capita income. (ii) The stringent environmental policy is found to decrease per capita income, but it increases well-being, while the square of environmental stringency is found to increase per capita income. (iii) Fossil energy consumption and greenhouse gas emissions have a negative effect on well-being but a positive impact on income. The outcome of U-test confirmed the presence of a U-shaped curve with a turning point (0.433) between per capita income and environmental policy stringency. This study yielded consistent results from the panel Granger causality test. Based on our findings, we may argue that it is necessary to prioritize human well-being over economic growth, and suggest several policy implications to achieve sustainable development goals.

Modeling the influencing factors of electronic word-of-mouth about CSR on social networking sites

Corporate social responsibility (CSR) information can now be disseminated via social networking sites. An organization's image and upcoming portfolios are directly affected by electronic word of mouth (eWOM). It generates from its customers, employees, and other stakeholders. We developed a critical model to enlighten the behavior to share and comment on a negative news story about CSR displayed on Wechat and QQ to figure out what was causing this behavior. Structural equation modeling (SEM) and the partial least squares regression (PLS) approach were used to conduct a self-administered survey of hotel customers in China. Social and environmental awareness, information usefulness, corporate image, and a company's motivation to comment and share on CSR news were all considered explanatory variables in our study. We asked 300 Wechat and QQ users to rate a fake environmental news story. We found that social and environmental awareness affects the effectiveness of information and the attitude toward behavior, which may describe the eWOM intent of the particular news. On the other hand, corporate reputation could discourage people from disseminating eWOM and sharing the news with their social linkage contacts. The findings of the study suggest having a better understanding of how specific CSR activities can increase customers' commitment, which leads to positive eWOM, will benefit the hotel industry.

Effects of globalization, energy consumption and ICT on health status in Australia: the role of financial development and education

Background

The outbreak of COVID-19 has alerted governments around the world, including Australia, to think seriously about the health issues. Life expectancy is one of such issues. Therefore, this study tries to reveal the effects of globalization, energy consumption, information and communication technology, financial development, education rate, and economic growth on life expectancy at birth in Australia.

Methods

Using the data period of 1990–2018, a series of econometric techniques: the Dickey-Fuller generalized least square test, Autoregressive Distributive Lag bounds test, fully modified ordinary least square method and the pairwise Granger causality test, are applied.

Results

The findings disclose that globalization, renewable energy use, information and communication technology, per capita gross domestic product, education rate, and financial development increased during this period but non-renewable energy use reduced life expectancy at birth. Unidirectional causal associations of the studied variables with life expectancy at birth are also revealed.

Conclusions

All the outcomes are relevant and useful for articulating an innovative policy in the health sector. The prime policy implication of this work is: the effective, efficient, and inclusive policies considering globalization, renewable and non-renewable energy consumption, information and communication technology, financial development, education rate, and economic growth should be formulated and executed for guaranteeing health status.

Local Spatial Plans as Determinants of Household Investment in Renewable Energy: Case Studies from Selected Polish and European Communes

Although many factors affect the investment of individual households in renewable energy sources, we highlight one of them: the local spatial development plan. It is one of the planning tools for implementing development policies at the local level. Since it is on the basis of local spatial plans that investments are carried out on the ground, their role in the implementation of renewable energy sources is one of the most important. This article presents the results of a study of local spatial plans in terms of facilitating, on the one hand, and limiting, on the other hand, the implementation of various renewable energy investments. To a large extent, the focus was on examples of planning acts adopted in Polish communes, but they were compared with examples from other European countries. The authors focused on qualitative assessment, taking into account the regulations applicable to all investors, containing generally binding standards, which specify the development’s land use and detailed building principles. The conclusions include recommendations for the provision of local development plans.

Factors Influencing the Renewable Energy Consumption in Selected European Countries

The overcoming of the issues on energy crisis and inequality have become the priorities as far developing as developed countries are concerned. Moreover, energy inequality has increased due to the shortage of natural gas and rising energy prices in retaliation to the economic recovery affected by the COVID-19 pandemic. This study aims to verify the linkage between the growth of renewable energy consumption and the country’s economic advancement. In this context, this paper determines the main driving forces of renewable energy consumption in European countries during 2000–2018. The annual data for panel regression analysis are retrieved from the OECD. Stat and World Bank Open Data. This empirical analysis employed a set of estimation procedures such as the panel unit root test (Levin, Lin & Chu; Im, Pesaran, Shin W-Stat; ADF-Fisher Chi-square; and PP-Fisher Chi-square methods), the Pearson correlation, fixed- and random-effects models, generalized method of moments (GMM), Hausman and the robustness tests. The results from the Hausman test ratified that the fixed-effects regression model is more suitable for involved panel balanced data. The results of fixed-effects regression and GMM identified the statistically significant and positive relationship between the share of renewable energy consumption of total final energy consumption, GDP per capita, and CO2 emissions per capita for the overall sample. In turn, the total labor force, the gross capital formation, and production-based CO2 intensity are inversely related to renewable energy consumption. The identified effects could provide some insights for policymakers to improve the renewable energy sector towards gaining sustainable economic development.

Renewable Energy in the Pomerania Voivodeship—Institutional, Economic, Environmental and Physical Aspects in Light of EU Energy Transformation

In the era of globalization and rapid economic growth, affecting most world economies, increased production and consumption are leading to higher levels of energy production and consumption. The growing demand for energy means that energy resources from conventional sources are not sufficient; moreover, its production generates high costs and contributes to the emission of greenhouse gases and waste. In view of the above, many countries have opted to implement an energy transformation. The energy transition allows the transition from an energy system based on conventional fuels to an energy system based mainly on renewable energy (RE) and low-emission sources. In the EU, the development of a “green economy” has become a strategic goal in the fight against climate change. The development of RE offers the possibility to improve the energy security of a given country and the entire EU. New, innovative technologies of RE also increase the attractiveness and competitiveness of the economies of the Member States. In line with the EU strategy, the activities carried out aim to achieve a situation in which, in 2050, the activities of economies will not endanger the environment. The main purpose of this article was the assessment of the RE sector in the Pomerania region in the context of energy transformation. To achieve this goal, PEST analysis regarding the functioning of the RE sector in the selected Polish region was used and the potential of the RE sector was determined using GIS tools on the basis of physical conditions. The article presents the research hypothesis that the RE sector within the Pomerania Voivodeship possesses appropriate energy potential, which will allow this Voivodeship to become an energy self-sufficient region based on the use of these energy sources (according to EU strategy). The implementation of the goal set in the article allowed for the verification of the research hypothesis, where the determined energy potential from the RE sector would cover the Voivodeship’s needs due to the use of electricity and heat. The conducted research shows that the RE sector in these regions has high energy potential to meet the criteria outlined in EU legal documents and to implement them successfully within the intended period.

Influence of Photovoltaic Development on Decarbonization of Power Generation—Example of Poland

Climate change is becoming a global problem. In many countries, actions are taken with the main aim of reducing CO2 emissions. The main action, especially in developed countries, is decarbonization. The European Union has become one of the organizations that plays a leading role in decarbonization of the economy. For this reason, renewable energy sources are being intensively developed in the EU countries. Solar energy with the use of PV installations is developing the fastest. Poland is one of the European leaders in photovoltaic development, and according to estimates for 2021–2025, it will continue to be. The aim of this study was to find out the opinions of people toward actions related to the decarbonization policy in Poland. These opinions were obtained through the prism of respondents’ attitudes toward energy produced by means of PV micro-installations. A questionnaire survey was used in this research. The survey was conducted using the CAWI (Computer-Assisted Web Interview) technique. To analyze the results of the study, a Kruskal–Wallis ANOVA test and U–Mann Whitney test were used. Responses were obtained from 633 people. The results obtained from the survey allowed us to draw conclusions, which include the following: (1) a lack of general conviction of respondents about the effectiveness of Poland’s decarbonization policy on reducing global CO2 emissions, especially among those who show a higher willingness to use PV installations, (2) the willingness to use PV installations is motivated by economic rather than environmental benefits, (3) the need for more widespread public campaigns aimed at promoting the benefits of decarbonization and renewable energy sources, and (4) the finding that the respondents’ region of residence (with a different degree of insolation) mattered for the willingness to use PV installations.

Plasma lipids and growth faltering: A longitudinal cohort study in rural Gambian children

Growth faltering in children arises from metabolic and endocrine dysfunction driven by complex interactions between poor diet, persistent infections, and immunopathology. Here, we determined the progression of the plasma lipidome among Gambian children (n = 409) and assessed its association with growth faltering during the first 2 years of life using the panel vector autoregression method. We further investigated temporal associations among lipid clusters. We observed that measures of stunting, wasting, and underweight are dynamically associated with each other and that lipid groups containing polyunsaturated fatty acids (PUFAs) and phosphatidylcholines consistently predict future growth outcomes. Linear growth was dynamically associated with the majority of lipids, indicating a higher nutritional demand to improve height compared to weight among growth-restricted children. Our results indicate a critical role for PUFAs and choline in early life dietary interventions to combat the child growth faltering still so prevalent in low-income settings.

Evolution and Forecasting of the Renewable Energy Consumption in the Frame of Sustainable Development: EU vs. Romania

This article is part of the concerns generated by the need to increase the consumption of renewable energy, so that in the European Union (EU) countries, its share in the final energy consumption, to reach 32% by 2030, increases. In the context in which, in the specialized literature, the analysis of renewable energy consumption by activity sectors is approached very little, such an analysis has high utility. The variables of interest are the share of renewable energy in the final energy consumption, and the share of renewable energy sources in the final energy consumption in transport, electricity, and heating and cooling. The study performs a comparative analysis of the evolution of these indicators for the period 2004–2019 for Romania and the EU, an empirical estimate of the evolution of indicators using time regression and autoregressive models, a forecast of the share of renewable energy consumption in the final energy consumption and by the main sectors (transport, electricity, and heating and cooling) for the 2030 horizon, providing appropriate scenarios for achieving the EU established goals, as well as an analysis of the interdependence between the indicators. Through the results obtained, the paper can contribute to improving the framework for the sustainable development of energy consumption.

The relationship between renewable energy use and health expenditures in EU countries

With the increased attention on renewable energy use especially in the European Union, it also becomes worthwhile to investigate the positive effects of renewable energy use on human development measures. As non-renewable energy use may contribute to health hazards, it makes sense to think that increased renewable energy use may positively influence public health or increase the funds available for health expenditures. This research therefore aims to explore the relationship between renewable energy use and health expenditures for 27 European Union member countries. The analysis indicates that the relationship is unidirectional for countries hat joined the EU before 2000 and bidirectional for those that joined after the year 2000. Also a country by country analysis indicates the direction of the relationship for individual countries for both groups. This research is unique in the sense that the causality analysis is separately conducted fort the two groups of EU members labeled as pre-2000 and post-2000.

Renewable Energy, Economic Growth and Economic Development Nexus: A Bibliometric Analysis

The present research aims to conduct a systemic review on Renewable Energy, Economic Growth and Economic Development and look for links between the papers published between 2008 and May 2021. Using the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) methodology, it was possible to reach a sample of 111 articles selected by Web of Science and a sample of 199 academic articles selected by Scopus in that specific period. The analysis of the group of Renewable and Non-renewable Energy Consumption, Economic Growth and Economic Development shows that most of the articles published in this subsample use the quantitative methodology in economic sciences. The results indicate that research on the subject has a growing trend and that most of the articles are post-2015 publications. In addition, China has been the leading nation in published works. The journal Renewable and Sustainable Energy Reviews is considered the most relevant in this category, and Sustainability has the most publications. Finally, a research gap was identified to be explored, lacking studies aimed at understanding the consumption of renewable energies and economic development and studies that focus on renewable energies and economic growth in less developed economies.

Assessing the Level of Renewable Energy Development in the European Union Member States. A 10-Year Perspective

The global economic development is, to a great extent, dependent on access to large amounts of cheap energy sources. The growing social awareness of ecology and the enormous damage to the Earth’s ecosystem due to the production of energy from conventional sources have forced fundamental changes in the energy sector. Renewable energy is considered to be an opportunity for such changes. The current state of the art allows such changes to be made without restricting economic development. Therefore, activities related to the energy transition are being taken all over the world. The European Union has definitely managed to achieve the most tangible effects in this regard. This article presents the findings of the research aimed at presenting the current state of renewable energy in the European Union and analyzing the changes reported in this sector in the last decade. The research was carried out using a selected set of 11 indicators characterizing renewable energy in individual countries. These indicators were selected on the basis of literature review and own studies of the state of renewable energy and its development prospects. Based on these indicators, changes in the energy structure of individual European Union countries between 2008–2018 were determined. The study is divided into two main stages. The principal components analysis (PCA) was used for the first analysis. In turn, the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) was adopted to assess the level of renewable energy development in the European Union countries. Both these methods and the extended statistical analysis were applied to determine the state of renewable energy development in the European Union countries in the studied period and to divide the Member States into classes with different levels of development. The results of the study showed that the EU countries are characterized by significant differences in the development of RES during the period in question. The unquestionable leaders in this respect are Sweden, Austria, Finland, and Latvia. Based on the findings, it is possible to evaluate the effects of activities related to renewable energy development and to prepare assumptions for future activities. Additionally, both the research and its findings broaden the knowledge of the directions of renewable energy development in individual European Union countries. This is particularly important in the context of changes related to the need to reduce harmful substance emissions and the implementation of the European Green Deal idea.

Comparison of Consumption and Renewable Sources of Energy in European Union Countries—Sectoral Indicators, Economic Conditions and Environmental Impacts

The use of energy is a precondition for global economic and civilisational development. However, the growing demand for energy is depleting traditional energy resources and, most importantly, causing environmental pollution, mainly through the emission of greenhouse gases. As energy is necessary for the functioning of all sectors of the economy, such as industry, services, transport as well as households, these sectors are the largest contributors to energy consumption. Renewable energy sources are an alternative to generating energy from conventional fossil fuels. The main objective of this paper was to determine and compare the level, trends and variation in energy consumption by different economic sectors in countries of the European Union in 2010–2019. An analysis of the share of renewable energy consumption in different economic sectors was also carried out, as well as an assessment of the relationship of these indicators with the level of economic development of the countries and environmental impacts in the form of greenhouse gas emissions from energy consumption. To explore the topics under discussion, a dozen of indicators have been considered in the article. The source of empirical data collected was the European Statistical Office. The researched period covered the years 2010–2019. The empirical data was statistically analysed. The article considers changes in the values of the studied indicators, differentiation between countries and the results of correlation and regression analysis. As shown by the data from 2010–2019, the countries of the European Union vary significantly in respect of primary and final energy consumption. The highest final energy consumption occurs in the transport sector, followed by slightly lower consumption in the industrial sector and households sector and the lowest but also significant consumption in the commercial and public services sector. Since 2010, total primary and final energy consumption has decreased in the EU (27) countries. Total energy consumption and consumption by individual sectors in modern economies of the EU (27) countries are reflected on the one hand in economic development and on the other—in exacerbation of adverse climate changes. Therefore, all EU Member States, aware of their energy consumption and their own contribution to environmental pollution, should take effective and sustainable corrective action in this area as soon as possible.

Impact of Trade and Financial Globalization on Renewable Energy in EU Transition Economies: A Bootstrap Panel Granger Causality Test

The globalized world has experienced significant environmental degradation together with raising global production and population. In this context, the employment of renewable energy use has become crucial for a sustainable environment and development. In the research, the mutual causality among renewable energy, trade and financial globalization, real GDP per capita, and CO2 emissions in EU transition economies experiencing the integration with global economy was explored through bootstrap panel Granger causality test for the period of 1995–2015. The causality analysis revealed a unilateral causality from trade globalization to renewable energy in Estonia, Latvia, and Slovenia, and from renewable energy to trade globalization in Croatia and Lithuania. However, no significant causality between financial globalization and renewable energy was revealed. On the other side, a unilateral causality from CO2 emissions to renewable energy in Lithuania and Slovenia, and from renewable energy to CO2 emissions in Czechia, Hungary, and Latvia and a reciprocal causality between renewable energy to CO2 emissions in Romania and Slovakia and a unilateral causality from real GDP per capita to renewable energy in Czechia, Romania, and Slovenia was discovered in the causality analysis.

Greenhouse Gas Emission Efficiencies of World Countries

Greenhouse gas emissions have increased rapidly since the industrial revolution. This has led to an unnatural increase in the global surface temperature, and to other changes in our environment. Acknowledging this observation, the United Nations Framework Convention on Climate Change started an international environmental treaty. This treaty was extended by Kyoto protocol, which was adopted on 11 December 1997. Using the stochastic frontier analysis, we analyze the efficiencies of countries in terms of achieving the lowest greenhouse gas emission levels per GDP output in the years between 1990-2015. We find that the average greenhouse gas emission efficiencies of world countries for the time periods 1990-1997, 1998-2007, 2008-2012, and 2013-2015 are 82.40%, 90.37%, 89.54%, and 84.81%, respectively. Moreover, compared to the 1990-1997 period, 92.50%, 79.51%, and 59.84% of the countries improved their greenhouse gas emission efficiencies in the 1998-2007, 2008-2012, and 2013-2015 periods, respectively. Hence, the Kyoto protocol helped in increasing greenhouse emission efficiency. However, this efficiency-boosting effect faded away over time.

Transmission channels between financial development and CO 2 emissions: A global perspective

This paper aims to investigate the direct and indirect effects of financial development on CO2 emissions, using a global sample of 100 countries from 1990 - 2012. Our main contribution to the literature lies in the identification and explanation of possible transmission channels that allow financial development to affect environmental quality. The paper employs 2SLS and 3SLS estimators to investigate these channels. Empirical results confirm the positive direct effect of financial development on environmental degradation. Development of the financial system also gives rise to more energy demand and consequently leads to more pollutant emissions. Besides, there is evidence about a trade-off between income inequality and environmental quality. Financial development can help redistribute income more effectively. However, high living standards will put pressure on environmental conservation. The paper also considers the nonlinear effects of financial development on carbon emission rates. Only a small proportion of the population receive the benefits at the early stages of financial development. After a certain amount of time, financial development benefits a more significant part of the population and reduces income inequality.

Financial Analysis of the Use of Two Horizontal Drain Water Heat Recovery Units

The growing interest in the use of unconventional energy sources is a stimulus for the development of dedicated devices and technologies. Drain water heat recovery (DWHR) units can be an example of such devices. They allow the recovery of part of the heat energy deposited in grey water. This paper describes the results of research on the assessment of the financial profitability of the use of two horizontal heat exchanger solutions, taking into account the actual distribution of cold water temperature during the operating year in the plumbing and two operating regimes of the premises as the residential and service facilities. The analysis showed that the use of a horizontal heat exchanger with increased efficiency in a dwelling in a 15-year life cycle allowed for achieving more than twice as much savings (reaching up to EUR 1427) compared to a classic horizontal heat exchanger. At the same time, it was shown that the installation of this type of equipment was more profitable the greater the water consumption of the premises. The article also notes the impact of cold water temperature in the installation on the results of the analysis. It was featured that taking temperature on the basis of installation design recommendations led to significant distortions in the financial analysis. On the other hand, comparing the method of averaging the cold water temperature (daily, monthly and yearly), it was determined that averaging the temperature over the annual cycle was an acceptable simplification of the model. The research results presented in the paper have a practical aspect and may constitute guidelines for designers and potential investors. In addition, they can be an incentive to continue research on heat exchangers by other scientific centers, which on a global scale will increase the universality of their use.

An Influence of Group Purchasing Organizations on Financial Security of SMEs Operating in the Renewable Energy Sector—Case for Poland

European countries are increasingly using renewable energy. Poland is an outsider of such solutions. The Polish energy sector is primarily based on energy produced from coal. However, environmental changes and regulations of the European Union are forcing the increased use of energy from renewable sources. Renewable energy is an industry that is still developing in Poland. At the same time, Poland is a country where the political decisions of the government over the last few years have resulted in a significant limitation of the possibilities of renewable energy development. These actions have also resulted in lowering the profitability of the currently operating renewable energy enterprises, especially those from the sector of small and medium-sized enterprises. An opportunity for SMEs operating in the renewable energy sector is to merge into industry purchasing groups. The aim of the article—and at the same time the research question—is: Is it financially safer for renewable energy companies to operate within purchasing groups compared to companies operating independently in this industry? Traditional ways of purchasing can be transferred to integrated purchasing systems, which will be created by purchasing groups associating renewable energy companies. For this purpose, the financial effects of the implementation and functioning of the purchasing groups in the renewable energy sector in relation to entities operating independently were examined. In the research of renewable energy SMEs, a comparative analysis of key indicators determining the possibility of continuing the activity of these entities was made. The following indicators were examined: current financial liquidity ratio, return on sales, operating cycle, cash conversion cycle, share of receivables in current assets, share of inventory in current assets, turnover ratios, level of receivables, liabilities and profitability. The scientific literature is dominated by studies on purchasing groups in the pharmaceutical and construction industries. Thanks to the research conducted, it has been indicated that the renewable energy industry can also improve its profitability, and thus the possibility of safe continuation of operations by extending the business model to inter-entity cooperation within purchasing groups. Increasing the efficiency of individual entities of the renewable energy industry within purchasing groups becomes particularly important during the COVID-19 pandemic. Statistical analyses and their graphic presentation present the significant impact on the safety and profitability of renewable energy entities in the form of purchasing groups.

A Sustainable Revolution: Let’s Go Sustainable to Get Our Globe Cleaner

The concept of sustainability is a clear blue sea, a snowy mountain, a flowery meadow, in which there is resource sharing that allows us to satisfy human needs without damaging natural resources. The challenge is complex, and we hope to support the decarbonization of our society and mitigate climate changes. This Special Issue aims to outline different approaches in several sectors with a common point of view: seeing our world with a green perception and encouraging a sustainable revolution to provide a cleaner world.