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Determinants of Energy Efficiency and Renewable Energy in European SMEs

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  • Agusti Segarra-Blasco and Elisenda Jove-Llopis

Abstract

This paper empirically investigates the factors driving the adoption of energy efficiency (EE) and renewable energy (RE) measures in a sample of 8,213 Small and Medium-Sized Enterprises (SMEs) in European countries. Our results suggest that sustainable energies actions (EE and RE) are highly persistent both at the firm level and across countries and that there are relevant complementarities between EE and RE practices, as well as other resource efficient practices. In addition, strategies for EE seem to rely more on cost saving and regulations, while those for RE are more linked to public support and environmental awareness. The paper ends with some recommendations for policymakers suggesting that Europe needs to design an energy policy for the SMEs firms that jointly pursues both EE and the diffusion of RE according to the technological gap of each member country.

Suggested Citation

  • Agusti Segarra-Blasco and Elisenda Jove-Llopis, 2019. "Determinants of Energy Efficiency and Renewable Energy in European SMEs," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 2).
    • Handle: RePEc:aen:eeepjl:eeep8-2-segarra-blasco
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    Cited by:

    1. Jugend, Daniel & Fiorini, Paula De Camargo & Armellini, Fabiano & Ferrari, Aline Gabriela, 2020. "Public support for innovation: A systematic review of the literature and implications for open innovation," Technological Forecasting and Social Change, Elsevier, vol. 156(C).
    2. Sara Majid & Xin Zhang & Muhammad Bilawal Khaskheli & Feng Hong & Patricia Jie Hung King & Imran Haider Shamsi, 2023. "Eco-Efficiency, Environmental and Sustainable Innovation in Recycling Energy and Their Effect on Business Performance: Evidence from European SMEs," Sustainability, MDPI, vol. 15(12), pages 1-30, June.
    3. Paulius Šūmakaris & Kristina Kovaitė & Renata Korsakienė, 2023. "An Integrated Approach to Evaluating Eco-Innovation Strategies from the Perspective of Strategic Green Transformation: A Case of the Lithuanian Furniture Industry," Sustainability, MDPI, vol. 15(11), pages 1-33, June.
    4. Otrachshenko, Vladimir & Hartwell, Christopher A. & Popova, Olga, 2023. "Energy efficiency, market competition, and quality certification: Lessons from Central Asia," Energy Policy, Elsevier, vol. 177(C).
    5. Greco, Marco & Germani, Francesca & Grimaldi, Michele & Radicic, Dragana, 2022. "Policy mix or policy mess? Effects of cross-instrumental policy mix on eco-innovation in German firms," Technovation, Elsevier, vol. 117(C).
    6. Tomasz Bernat & Sylwia Flaszewska & Bartłomiej Lisowski & Renata Lisowska & Katarzyna Szymańska, 2022. "Facing Environmental Goals for Energy-Efficiency Improvements in Micro and Small Enterprises Operating in the Age of Industry 4.0," Energies, MDPI, vol. 15(18), pages 1-16, September.
    7. Djula Borozan & Luka Borozan, 2019. "Examining the Industrial Energy Consumption Determinants: A Panel Bayesian Model Averaging Approach," Energies, MDPI, vol. 13(1), pages 1-17, December.
    8. Paulius Šūmakaris & Renata Korsakienė & Deniss Ščeulovs, 2021. "Determinants of Energy Efficient Innovation: A Systematic Literature Review," Energies, MDPI, vol. 14(22), pages 1-20, November.
    9. García-Quevedo, Jose & Jové-Llopis, Elisenda, 2021. "Environmental policies and energy efficiency investments. An industry-level analysis," Energy Policy, Elsevier, vol. 156(C).
    10. Francesca Bassi & Mariangela Guidolin, 2021. "Resource Efficiency and Circular Economy in European SMEs: Investigating the Role of Green Jobs and Skills," Sustainability, MDPI, vol. 13(21), pages 1-21, November.

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    JEL classification:

    • F0 - International Economics - - General

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