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Sustainable Governance, Energy Security, and Energy Losses of Europe in Turbulent Times

Author

Listed:
  • Tomasz Wołowiec

    (Faculty of Public Administration and Business, WSEI University, 20-209 Lublin, Poland)

  • Svitlana Kolosok

    (Academic and Research Institute of Business, Economics and Management, Sumy State University, 40007 Sumy, Ukraine)

  • Tetiana Vasylieva

    (Academic and Research Institute of Business, Economics and Management, Sumy State University, 40007 Sumy, Ukraine)

  • Artem Artyukhov

    (Academic and Research Institute of Business, Economics and Management, Sumy State University, 40007 Sumy, Ukraine)

  • Łukasz Skowron

    (Faculty of Management, Lublin University of Technology, 20-618 Lublin, Poland)

  • Oleksandr Dluhopolskyi

    (Faculty of Public Administration and Business, WSEI University, 20-209 Lublin, Poland
    Faculty of Economics and Management, West Ukrainian National University, 46027 Ternopil, Ukraine)

  • Larysa Sergiienko

    (Faculty of National Security, Law and International Relations, Zhytomyr Polytechnic State University, 10005 Zhytomyr, Ukraine)

Abstract

The article aims to identify the relationship between energy efficiency and particular indicators of energy losses in Europe. The results of the bibliographic analysis showed a knowledge gap in energy losses in Europe regarding the new challenges of energy security. For the analysis, annual panel data from 32 European countries were collected from 1990 to 2019. The authors used the Jarque–Bera test to assess the normality of the residuals, utilized the Breush–Pagan test for heteroskedasticity check, and applied regression analysis to determine the relationship between energy efficiency and energy loss rates in Europe. To assess the effects of energy losses, the authors performed OLS modeling using the stats model’s package in Python. According to the modeling results, an increase in distribution losses (% of available energy from all sources) by 1% in Europe leads to an increase in energy consumption by 17.16% under other constant conditions. There is significant heterogeneity between European countries concerning energy efficiency and energy loss coefficients. Such a situation requires the development of new strategies and mechanisms to reduce energy losses, considering the challenges of energy security in Europe in turbulent times. Further research can be devoted to clustering European countries according to the main groups of energy losses: in the extraction, distribution, storage, and transformation of energy.

Suggested Citation

  • Tomasz Wołowiec & Svitlana Kolosok & Tetiana Vasylieva & Artem Artyukhov & Łukasz Skowron & Oleksandr Dluhopolskyi & Larysa Sergiienko, 2022. "Sustainable Governance, Energy Security, and Energy Losses of Europe in Turbulent Times," Energies, MDPI, vol. 15(23), pages 1-15, November.
    • Handle: RePEc:gam:jeners:v:15:y:2022:i:23:p:8857-:d:982207
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    4. Yevheniia Ziabina & Aleksy Kwilinski & Oleksii Lyulyov & Tetyana Pimonenko & Yana Us, 2023. "Convergence of Energy Policies between the EU and Ukraine under the Green Deal Policy," Energies, MDPI, vol. 16(2), pages 1-19, January.
    5. Aleksy Kwilinski & Oleksii Lyulyov & Tetyana Pimonenko, 2023. "Inclusive Economic Growth: Relationship between Energy and Governance Efficiency," Energies, MDPI, vol. 16(6), pages 1-16, March.
    6. Aleksandra Kuzior & Yaryna Samusevych & Serhiy Lyeonov & Dariusz Krawczyk & Dymytrii Grytsyshen, 2023. "Applying Energy Taxes to Promote a Clean, Sustainable and Secure Energy System: Finding the Preferable Approaches," Energies, MDPI, vol. 16(10), pages 1-26, May.
    7. Vasileios Alevizos & Ilias Georgousis & Anna-Maria Kapodistria, 2023. "Towards Climate Neutrality: A Comprehensive Overview of Sustainable Operations Management, Optimization, and Wastewater Treatment Strategies," Papers 2308.00808, arXiv.org.
    8. Sławomir Kędzior & Lesław Teper, 2023. "Coal Properties and Coalbed Methane Potential in the Southern Part of the Upper Silesian Coal Basin, Poland," Energies, MDPI, vol. 16(7), pages 1-25, April.
    9. Aleksandra Kuzior & Mariya Sira & Paulina Brożek, 2023. "Use of Artificial Intelligence in Terms of Open Innovation Process and Management," Sustainability, MDPI, vol. 15(9), pages 1-16, April.

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