Naslov
The role of solar energy in decarbonization - evidence of the European Union

Autori
Fajdetić, Barbara ; Festić, Mejra

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
11th International Scientific Symposium: Region Entrepreneurship Development / Leko Šimić, Mirna - Osijek : Ekonomski fakultet Sveučilišta Josipa Jurja Strossmayera u Osijeku, 2022, 198-211

Skup
11th International Scientific Symposium Region Entrepreneurship Development (RED 2022)

Mjesto i datum
Osijek, Hrvatska, 09.06.2022. - 11.06.2022

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
decarbonization ; solar energy ; GHG emissions ; economic development

Sažetak
Decarbonization is a global process that is firmly rooted in the European Union. Within this framework, the European Union has developed the Green Deal, a strategy that aims to create a carbon-neutral continent by 2050. To achieve this ambitious goal, cleaner energy sources and new methods of energy production must be used. Therefore, each EU member state must align its energy strategies with the EU Green Deal. Two important pillars of successful decarbonization are renewable energy sources and energy efficiency. Although the potential of renewable energy is not yet fully exploited, the future of the energy sector will definitely depend on renewable energy. Therefore, this paper aims to explore the relationship between the use of renewable energy in power generation and its role in mitigating greenhouse gas (GHG) emissions. More specifically, the role of solar energy infrastructure, solar energy deployment in electricity generation, and GHG emissions for EU member states are examined. The country's GDP per capita is included in the study as an indicator of economic development. The panel data analysis is conducted for EU member states in the period from 2010 to 2020, and the statistical data on solar energy, greenhouse gas emissions and electricity from renewable sources are presented. It is expected that the better the renewable energy infrastructure is developed, the lower the GHG emissions will be. In addition, the more photovoltaic systems are used to generate electricity, the lower the GHG emissions. Finally, we expect economic development to have a positive impact on reducing GHG emissions.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA