LAPSE:2023.16871
Published Article

LAPSE:2023.16871
Comparative Assessment of the Impact of Electricity Consumption in Different Economic Sectors on the Economic Development of the EU Member States
March 3, 2023
Abstract
Recently, the Member States of the European Union (EU) have found themselves in a controversial situation. On the one hand, national economic development is barely possible without increasing electricity consumption, whereas on the other we are facing increased use of natural resources (coal, oil, gas, wood), thermal effects, pollution and risks to human health. The European Green Deal is a response to the currently observed negative trends. The strategy aims to accelerate the economic development of the EU Member States, thus reducing electricity consumption. Objectives may include both the national economy and the electricity generation sector by applying advanced technologies and introducing innovations that increase output efficiency while reducing electricity costs. Assessing the current situation is vital for the successful implementation of the European Green Deal, i.e., by comparing the impact of electricity consumption on the economic development of the Member States. Thus, combining indicators for national economic development and the extent of electricity consumption into a single aggregate is necessary because electricity greatly affects economic development. The proposed methodology allows dividing the analysed EU Member States into three groups, in line with the degree of national economic development and the scope of electricity consumption in their economy sectors.
Recently, the Member States of the European Union (EU) have found themselves in a controversial situation. On the one hand, national economic development is barely possible without increasing electricity consumption, whereas on the other we are facing increased use of natural resources (coal, oil, gas, wood), thermal effects, pollution and risks to human health. The European Green Deal is a response to the currently observed negative trends. The strategy aims to accelerate the economic development of the EU Member States, thus reducing electricity consumption. Objectives may include both the national economy and the electricity generation sector by applying advanced technologies and introducing innovations that increase output efficiency while reducing electricity costs. Assessing the current situation is vital for the successful implementation of the European Green Deal, i.e., by comparing the impact of electricity consumption on the economic development of the Member States. Thus, combining indicators for national economic development and the extent of electricity consumption into a single aggregate is necessary because electricity greatly affects economic development. The proposed methodology allows dividing the analysed EU Member States into three groups, in line with the degree of national economic development and the scope of electricity consumption in their economy sectors.
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Keywords
economic sectors, electricity consumption, national economic development
Subject
Suggested Citation
Ginevičius R, Noga G, Žemaitis E, Piontek B, Šuhajda K. Comparative Assessment of the Impact of Electricity Consumption in Different Economic Sectors on the Economic Development of the EU Member States. (2023). LAPSE:2023.16871
Author Affiliations
Ginevičius R: International Department of Logistics and Service Engineering, Bialystok University of Technology, 16-001 Kleosin, Poland
Noga G: Department of Strategic Analysis, Cracow University of Economy, 31-510 Krakow, Poland [ORCID]
Žemaitis E: ISM University of Management and Economics, LT-01305 Vilnius, Lithuania
Piontek B: Department of Management, WSB University, 41-300 Dąbrowa Górnicza, Poland
Šuhajda K: Institute of Building Structures, Brno Technical University, 60200 Brno, Czech Republic
Noga G: Department of Strategic Analysis, Cracow University of Economy, 31-510 Krakow, Poland [ORCID]
Žemaitis E: ISM University of Management and Economics, LT-01305 Vilnius, Lithuania
Piontek B: Department of Management, WSB University, 41-300 Dąbrowa Górnicza, Poland
Šuhajda K: Institute of Building Structures, Brno Technical University, 60200 Brno, Czech Republic
Journal Name
Energies
Volume
14
Issue
24
First Page
8335
Year
2021
Publication Date
2021-12-10
ISSN
1996-1073
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Original Submission
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PII: en14248335, Publication Type: Journal Article
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LAPSE:2023.16871
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https://doi.org/10.3390/en14248335
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Mar 3, 2023
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