Original scientific paper
https://doi.org/10.1080/1331677X.2021.2002706
Assessment of country institutional factor on sustainable energy target achievement in European Union
Larisa Ivascu
Muddassar Sarfraz
Aura Domil
Oana Bogdan
Valentin Burca
Abstract
national institutional frameworks designed to ensure higher
energy efficiency and the distance to the achievement of the EU
Commission targets in terms of energy consumption, using a
panel of 21 EU member states. Through panel unit root tests and
an estimated VAR model, our results reveal that the quality of a
nation’s institutional and economic energy efficiency framework
does not significantly influence the gap between annual energy
consumption and related EU targets, as prescribed by the energy
efficiency EU Directives. However, the results show a bi-directional
causality relationship suggests that the nation’s institutional
framework on energy efficiency should be improved. According
to the impulse response function, this relationship is more related
to a short-run perspective. Hence, a strong correlation exists
between the level of achieving the reduction targets on energy
consumption and the level of gas emissions. Our findings further
reveal that the level of reported GHCs significantly influences
national regulations and strategies for gas emission reductions.
This research highlights the importance of each EU member state
creating an appropriate legislative and institutional framework
that promotes energy efficiency
Keywords
Energy efficiency; gas emissions; sustainable development; institutional framework
Hrčak ID:
302617
URI
Publication date:
31.3.2023.
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