Progress of Renewable Energy Use in EU Countries – Statistical Analysis of Trends and Factors

Sonia Chipeva; Ventsislava Stoyanova

doi:https://doi.org/10.37075/YB.2024.1.04

Authors

Prof. Dr Sonia Chipeva Department of Statistics and Econometrics, Faculty of Applied Informatics and Statistics, UNWE Author https://orcid.org/0000-0002-5421-9759 (unauthenticated)
Assist. Prof. Dr Ventsislava Stoyanova Department of Statistics and Econometrics, Faculty of Applied Informatics and Statistics, UNWE Author https://orcid.org/0009-0005-1414-1319 (unauthenticated)

DOI:

https://doi.org/https://doi.org/10.37075/YB.2024.1.04

Keywords:

Share of renewable energy (SRE), Sustainability, Cluster analysis, Trends, Econometric models, EU members

C33, C38, O13, O14, P28, Q01

Abstract

The use of renewable energy sources is an important aspect of economic development throughout the world, including Europe, as it provides clean energy and contributes significantly to environmental transformation. Three clusters of EU countries are identified concerning their progress of the share of renewable energy (SRE) use in gross energy consumption for 2004-2022 applying cluster analysis based on the SRE trends in the period. Effects of important factors for expanding SRE are analyzed by developing a set of econometric models of renewable energy use in main sectors of energy balance – electricity, transport and cooling & heating.

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