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A Study of Factors Affecting National Energy Efficiency

Author

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  • Marina A. Nevskaya

    (Organization and Management Department, Saint-Petersburg Mining University, 2, 21 Line, 199106 St. Petersburg, Russia)

  • Semen M. Raikhlin

    (Organization and Management Department, Saint-Petersburg Mining University, 2, 21 Line, 199106 St. Petersburg, Russia)

  • Victoriya V. Vinogradova

    (Organization and Management Department, Saint-Petersburg Mining University, 2, 21 Line, 199106 St. Petersburg, Russia)

  • Victor V. Belyaev

    (Department of Computer Science and Computer Technology, Saint-Petersburg Mining University, 2, 21 Line, 199106 St. Petersburg, Russia)

  • Mark M. Khaikin

    (Department of Economic Theory, Saint-Petersburg Mining University, 2, 21 Line, 199106 St. Petersburg, Russia)

Abstract

National energy efficiency is a key driver for the sustainable development of society. However, the conditions for increasing energy efficiency vary widely around the world and depend on numerous controllable and uncontrollable factors. Existing indicators for assessing energy efficiency typically focus on individual factors, neglecting the complex interplay of socioeconomic, environmental, technological, and other factors that influence energy efficiency. This limitation hampers the quality of assessments. The goal of this study is to develop and apply a comprehensive methodological approach for assessing the influence of key factors on energy efficiency across different countries. The approach utilizes factor analysis methods to identify correlations between indicators and energy-efficiency factors. The study’s findings offer a model for assessing energy efficiency that enables a more profound and comprehensive analysis of the multifactorial impact experienced by national economies in various energy-efficiency domains and areas.

Suggested Citation

  • Marina A. Nevskaya & Semen M. Raikhlin & Victoriya V. Vinogradova & Victor V. Belyaev & Mark M. Khaikin, 2023. "A Study of Factors Affecting National Energy Efficiency," Energies, MDPI, vol. 16(13), pages 1-14, July.
    • Handle: RePEc:gam:jeners:v:16:y:2023:i:13:p:5170-:d:1187238
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    References listed on IDEAS

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    6. A. E. Cherepovitsyn & I. P. Dorozhkina & V. M. Solov’eva, 2024. "Forecasts of Rare-earth Elements Consumption in Russia: Basic and Emerging Industries," Studies on Russian Economic Development, Springer, vol. 35(5), pages 688-696, October.
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