Assessment of country institutional factor on sustainable energy target achievement in European Union

This study examines causality relation between the quality of 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 t...

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Autores principales:	Larisa Ivascu, Muddassar Sarfraz, Aura Domil, Oana Bogdan, Valentin Burca
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2021
Materias:	energy efficiency gas emissions sustainable development institutional framework Economic growth, development, planning HD72-88 Regional economics. Space in economics HT388
Acceso en línea:	https://doaj.org/article/ba5a1972ec9c44b9a62f5f483ca99d6e
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spelling	oai:doaj.org-article:ba5a1972ec9c44b9a62f5f483ca99d6e2021-11-26T11:19:47ZAssessment of country institutional factor on sustainable energy target achievement in European Union1331-677X1848-966410.1080/1331677X.2021.2002706https://doaj.org/article/ba5a1972ec9c44b9a62f5f483ca99d6e2021-11-01T00:00:00Zhttp://dx.doi.org/10.1080/1331677X.2021.2002706https://doaj.org/toc/1331-677Xhttps://doaj.org/toc/1848-9664This study examines causality relation between the quality of 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.Larisa IvascuMuddassar SarfrazAura DomilOana BogdanValentin BurcaTaylor & Francis Grouparticleenergy efficiencygas emissionssustainable developmentinstitutional frameworkEconomic growth, development, planningHD72-88Regional economics. Space in economicsHT388ENEkonomska Istraživanja, Vol 0, Iss 0, Pp 1-22 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	energy efficiency gas emissions sustainable development institutional framework Economic growth, development, planning HD72-88 Regional economics. Space in economics HT388
spellingShingle	energy efficiency gas emissions sustainable development institutional framework Economic growth, development, planning HD72-88 Regional economics. Space in economics HT388 Larisa Ivascu Muddassar Sarfraz Aura Domil Oana Bogdan Valentin Burca Assessment of country institutional factor on sustainable energy target achievement in European Union
description	This study examines causality relation between the quality of 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.
format	article
author	Larisa Ivascu Muddassar Sarfraz Aura Domil Oana Bogdan Valentin Burca
author_facet	Larisa Ivascu Muddassar Sarfraz Aura Domil Oana Bogdan Valentin Burca
author_sort	Larisa Ivascu
title	Assessment of country institutional factor on sustainable energy target achievement in European Union
title_short	Assessment of country institutional factor on sustainable energy target achievement in European Union
title_full	Assessment of country institutional factor on sustainable energy target achievement in European Union
title_fullStr	Assessment of country institutional factor on sustainable energy target achievement in European Union
title_full_unstemmed	Assessment of country institutional factor on sustainable energy target achievement in European Union
title_sort	assessment of country institutional factor on sustainable energy target achievement in european union
publisher	Taylor & Francis Group
publishDate	2021
url	https://doaj.org/article/ba5a1972ec9c44b9a62f5f483ca99d6e
work_keys_str_mv	AT larisaivascu assessmentofcountryinstitutionalfactoronsustainableenergytargetachievementineuropeanunion AT muddassarsarfraz assessmentofcountryinstitutionalfactoronsustainableenergytargetachievementineuropeanunion AT auradomil assessmentofcountryinstitutionalfactoronsustainableenergytargetachievementineuropeanunion AT oanabogdan assessmentofcountryinstitutionalfactoronsustainableenergytargetachievementineuropeanunion AT valentinburca assessmentofcountryinstitutionalfactoronsustainableenergytargetachievementineuropeanunion
_version_	1718409558201729024

Assessment of country institutional factor on sustainable energy target achievement in European Union

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