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Analysis Of The Correlation Between Energy Consumption And Industrial Competitiveness In The European Union

Author

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  • Mihaela Ionescu SAS

    (University of Oradea)

Abstract

In this paper the author analyzes the dependence between energy and industrial competitiveness before and after the 2008 economic crisis in the European Union. The Europe 2020 strategy aims energy major industrial competitiveness and increasing energy efficiency. But the economic crisis of 2008 led to reduced energy consumption and prices have increased considerably, so prices in the European Union in the energy industry are estimated to be twice higher than in the United States and Russia and 20% higher than those in China. According to the 2020 European Strategy for Sustainable Growth proposed increasing share of renewables to 20% increasing 20% energy efficiency and 20% reduction of greenhouse gas emissions greenhouse (or even 30 %, in favorable conditions) compared to 1990. The economic analysis in this paper are based on statistical quantitative method. Indicators used in this analysis are available on major platforms Eurostat data.

Suggested Citation

  • Mihaela Ionescu SAS, 2016. "Analysis Of The Correlation Between Energy Consumption And Industrial Competitiveness In The European Union," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 11, pages 253-258, July.
    • Handle: RePEc:cmj:seapas:y:2016:i:11:p:253-258
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    More about this item

    Keywords

    Economy competitive; energy efficiency; renewable energy;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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