LAPSE:2023.33579
Published Article

LAPSE:2023.33579
The European Union Green Deal: Clean Energy Wellbeing Opportunities and the Risk of the Jevons Paradox
April 21, 2023
Abstract
After the Great Recession of 2008, there was a strong commitment from several international institutions and forums to improve wellbeing economics, with a switch towards satisfaction and sustainability in people−planet−profit relations. The initiative of the European Union is the Green Deal, which is similar to the UN SGD agenda for Horizon 2030. It is the common political economy plan for the Multiannual Financial Framework, 2021−2027. This project intends, at the same time, to stop climate change and to promote the people’s wellness within healthy organizations and smart cities with access to cheap and clean energy. However, there is a risk for the success of this aim: the Jevons paradox. In this paper, we make a thorough revision of the literature on the Jevons Paradox, which implies that energy efficiency leads to higher levels of consumption of energy and to a bigger hazard of climate change and environmental degradation.
After the Great Recession of 2008, there was a strong commitment from several international institutions and forums to improve wellbeing economics, with a switch towards satisfaction and sustainability in people−planet−profit relations. The initiative of the European Union is the Green Deal, which is similar to the UN SGD agenda for Horizon 2030. It is the common political economy plan for the Multiannual Financial Framework, 2021−2027. This project intends, at the same time, to stop climate change and to promote the people’s wellness within healthy organizations and smart cities with access to cheap and clean energy. However, there is a risk for the success of this aim: the Jevons paradox. In this paper, we make a thorough revision of the literature on the Jevons Paradox, which implies that energy efficiency leads to higher levels of consumption of energy and to a bigger hazard of climate change and environmental degradation.
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Keywords
clean energy production, European Union (EU), Green Deal, Horizon 2030, Jevons Paradox, Sustainability, wellbeing economics
Subject
Suggested Citation
Trincado E, Sánchez-Bayón A, Vindel JM. The European Union Green Deal: Clean Energy Wellbeing Opportunities and the Risk of the Jevons Paradox. (2023). LAPSE:2023.33579
Author Affiliations
Trincado E: Department of Applied Economics, Structure and History, Faculty of Economics and Business, Campus de Somosaguas, Universidad Complutense de Madrid, 28040 Madrid, Spain [ORCID]
Sánchez-Bayón A: Department of Business Economics (ADO), Applied Economics II and Fundamentals of Economic Analysis, Social and Legal Sciences School, Rey Juan Carlos University, 28033 Madrid, Spain [ORCID]
Vindel JM: Centro de Investigaciones Energéticas, Medioambientales y Tecnológicas, 28040 Madrid, Spain [ORCID]
Sánchez-Bayón A: Department of Business Economics (ADO), Applied Economics II and Fundamentals of Economic Analysis, Social and Legal Sciences School, Rey Juan Carlos University, 28033 Madrid, Spain [ORCID]
Vindel JM: Centro de Investigaciones Energéticas, Medioambientales y Tecnológicas, 28040 Madrid, Spain [ORCID]
Journal Name
Energies
Volume
14
Issue
14
First Page
4148
Year
2021
Publication Date
2021-07-09
ISSN
1996-1073
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Original Submission
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PII: en14144148, Publication Type: Review
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LAPSE:2023.33579
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https://doi.org/10.3390/en14144148
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Apr 21, 2023
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