The role of renewable energies in the new EU member states

Robert Magda, Natanya Meyer, Norbert Bozsik

Research output: Contribution to journalArticlepeer-review

5 Citations (Scopus)

Abstract

This article provides an overview of the structure and utilization of the new EU member states’ (EU-13) energy consumption. During the analysis, it was determined which non-renewable energy carriers were replaced by renewables ones. The replacement of energy sources with each other was analyzed by means of a correlation matrix. Results indicated that coal was replaced by renewable energies in Poland, Czech Republic, Slovakia, Bulgaria and Cyprus. Furthermore, renewables replaced oil in Malta and gas was replaced by renewables in Lithuania. In other countries, the relation between renewables and non-renewables could not be detected. The structure of energy production in the EU countries was different due to the differences of natural endowments. The main goal of the European Union energy policy is to reduce CO2 emission by decreasing fossil fuel consumption and finding new ways to replace traditional energy sources is of utmost importance.

Original languageEnglish
Pages (from-to)18
Number of pages1
JournalJournal of Eastern European and Central Asian Research
Volume8
Issue number1
DOIs
Publication statusPublished - 2021

Keywords

  • Correlation matrix
  • Energy consumption
  • New EU member states
  • Sankey diagram

ASJC Scopus subject areas

  • Business and International Management
  • Finance
  • Economics and Econometrics
  • Strategy and Management
  • Organizational Behavior and Human Resource Management
  • Marketing

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