IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v17y2024i11p2476-d1399314.html
   My bibliography  Save this article

Renewable Energy Share in European Industry: Analysis and Extrapolation of Trends in EU Countries

Author

Listed:
  • Bożena Gajdzik

    (Department of Industrial Informatics, Silesian University of Technology, 44-100 Gliwice, Poland)

  • Rafał Nagaj

    (Institute of Economics and Finance, University of Szczecin, 71-101 Szczecin, Poland)

  • Radosław Wolniak

    (Faculty of Organization and Management, Silesian University of Technology, 44-100 Gliwice, Poland)

  • Dominik Bałaga

    (KOMAG Institute of Mining Technology, Pszczynska 37, 44-101 Gliwice, Poland)

  • Brigita Žuromskaitė

    (Faculty of Public Governance and Business, Mykolas Romeris University, LT-08303 Vilnius, Lithuania)

  • Wiesław Wes Grebski

    (Penn State Hazleton, Pennsylvania State University, 76 University Drive, Hazleton, PA 18202, USA)

Abstract

The strategic objective of world climate policy is the decarbonization of industries, aiming to achieve “net-zero” emissions by 2050, as outlined in the European Green Deal and the Paris Agreement. This transition entails increasing the utilization of renewable energy sources (RES) in industrial energy consumption, thereby transforming economies from reliance on fossil fuels to sustainable alternatives. However, this shift poses a significant challenge for many EU countries, with varying degrees of success in adaptation. This paper investigates the process of decarbonizing industries by analyzing trends in the adoption of RES in EU countries and evaluating their progress toward climate targets. Utilizing time series analysis of production, total energy usage, and the proportion of renewables in industrial energy consumption, the study compares two groups of countries: longstanding EU members and newer additions. The aim is to forecast the trajectory of RES integration in industry and assess the feasibility of meeting the targets outlined in the European Green Deal. The findings reveal a considerable gap between the set targets and projected outcomes, with only a few countries expected to meet the EU’s 2030 goals. This is highlighted by disparities in RES shares across member states, ranging from 0.0% to 53.8% in 2022. Despite notable increases in the absolute use of renewable energy, particularly in central and eastern European nations, substantial challenges persist in aligning industrial sectors with EU decarbonization objectives.

Suggested Citation

  • Bożena Gajdzik & Rafał Nagaj & Radosław Wolniak & Dominik Bałaga & Brigita Žuromskaitė & Wiesław Wes Grebski, 2024. "Renewable Energy Share in European Industry: Analysis and Extrapolation of Trends in EU Countries," Energies, MDPI, vol. 17(11), pages 1-38, May.
  • Handle: RePEc:gam:jeners:v:17:y:2024:i:11:p:2476-:d:1399314
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/17/11/2476/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/1996-1073/17/11/2476/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Paul Drummond & Paul Ekins, 2017. "Cost-effective decarbonization in the EU: an overview of policy suitability," Climate Policy, Taylor & Francis Journals, vol. 17(0), pages 51-71, June.
    2. Natalya Romasheva & Alina Cherepovitsyna, 2023. "Renewable Energy Sources in Decarbonization: The Case of Foreign and Russian Oil and Gas Companies," Sustainability, MDPI, vol. 15(9), pages 1-26, April.
    3. Destek, Mehmet & Sinha, Avik, 2020. "Renewable, non-renewable energy consumption, economic growth, trade openness and ecological footprint: Evidence from organisation for economic Co-operation and development countries," MPRA Paper 104246, University Library of Munich, Germany, revised 2020.
    4. Bożena Gajdzik & Magdalena Jaciow & Radosław Wolniak & Robert Wolny & Wieslaw Wes Grebski, 2023. "Energy Behaviors of Prosumers in Example of Polish Households," Energies, MDPI, vol. 16(7), pages 1-26, March.
    5. Yu, Bolin & Fang, Debin & Xiao, Kun & Pan, Yuling, 2023. "Drivers of renewable energy penetration and its role in power sector's deep decarbonization towards carbon peak," Renewable and Sustainable Energy Reviews, Elsevier, vol. 178(C).
    6. Norma Anglani & Salvatore R. Di Salvo & Giovanna Oriti & Alexander L. Julian, 2023. "Steps towards Decarbonization of an Offshore Microgrid: Including Renewable, Enhancing Storage and Eliminating Need of Dump Load," Energies, MDPI, vol. 16(3), pages 1-18, January.
    7. Mohamad Issa & Adrian Ilinca & Daniel R. Rousse & Loïc Boulon & Philippe Groleau, 2023. "Renewable Energy and Decarbonization in the Canadian Mining Industry: Opportunities and Challenges," Energies, MDPI, vol. 16(19), pages 1-22, October.
    8. Wang, Zhaohua & Li, Jingyun & Wang, Bo & Hui, Ng Szu & Lu, Bin & Wang, Can & Xu, Shuling & Zhou, Zixuan & Zhang, Bin & Zheng, Yufeng, 2024. "The decarbonization pathway of power system by high-resolution model under different policy scenarios in China," Applied Energy, Elsevier, vol. 355(C).
    9. Bożena Gajdzik & Radosław Wolniak & Wies Grebski, 2023. "Process of Transformation to Net Zero Steelmaking: Decarbonisation Scenarios Based on the Analysis of the Polish Steel Industry," Energies, MDPI, vol. 16(8), pages 1-36, April.
    10. Yan, Xiang & Yang, Chao & Zhang, Renfang, 2023. "How does green finance derive the resource efficiency and decarbonization of the economy?," Resources Policy, Elsevier, vol. 85(PB).
    11. Dan Gabriel Dumitrescu & Alexandra Horobe? & Cristiana Doina Tudor & Lucian Belascu, 2023. "Renewables and Decarbonisation: Implications for Energy Policy in the European Union," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 25(63), pages 345-345, April.
    12. Alexandros Kafetzis & Michael Bampaou & Giorgos Kardaras & Kyriakos Panopoulos, 2023. "Decarbonization of Former Lignite Regions with Renewable Hydrogen: The Western Macedonia Case," Energies, MDPI, vol. 16(20), pages 1-21, October.
    13. Hossain, Mohammad Razib & Singh, Sanjeet & Sharma, Gagan Deep & Apostu, Simona-Andreea & Bansal, Pooja, 2023. "Overcoming the shock of energy depletion for energy policy? Tracing the missing link between energy depletion, renewable energy development and decarbonization in the USA," Energy Policy, Elsevier, vol. 174(C).
    14. Rafał Nagaj & Brigita Žuromskaitė, 2023. "Young Travellers and Green Travel in the Post-COVID Era," Sustainability, MDPI, vol. 15(18), pages 1-18, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bożena Gajdzik & Marcin Awdziej & Magdalena Jaciow & Ilona Lipowska & Marcin Lipowski & Grzegorz Szojda & Jolanta Tkaczyk & Radosław Wolniak & Robert Wolny & Wieslaw Wes Grebski, 2024. "Encouraging Residents to Save Energy by Using Smart Transportation: Incorporating the Propensity to Save Energy into the UTAUT Model," Energies, MDPI, vol. 17(21), pages 1-31, October.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Rafał Nagaj & Bożena Gajdzik & Radosław Wolniak & Wieslaw Wes Grebski, 2024. "The Impact of Deep Decarbonization Policy on the Level of Greenhouse Gas Emissions in the European Union," Energies, MDPI, vol. 17(5), pages 1-23, March.
    2. Bożena Gajdzik & Magdalena Jaciow & Radosław Wolniak & Robert Wolny & Wieslaw Wes Grebski, 2023. "Assessment of Energy and Heat Consumption Trends and Forecasting in the Small Consumer Sector in Poland Based on Historical Data," Resources, MDPI, vol. 12(9), pages 1-33, September.
    3. Bożena Gajdzik & Radosław Wolniak & Rafał Nagaj & Brigita Žuromskaitė-Nagaj & Wieslaw Wes Grebski, 2024. "The Influence of the Global Energy Crisis on Energy Efficiency: A Comprehensive Analysis," Energies, MDPI, vol. 17(4), pages 1-51, February.
    4. Bożena Gajdzik & Radosław Wolniak & Rafał Nagaj & Wieslaw Wes Grebski & Taras Romanyshyn, 2023. "Barriers to Renewable Energy Source (RES) Installations as Determinants of Energy Consumption in EU Countries," Energies, MDPI, vol. 16(21), pages 1-32, October.
    5. Izabela Jonek-Kowalska, 2023. "Motives for the Use of Photovoltaic Installations in Poland against the Background of the Share of Solar Energy in the Structure of Energy Resources in the Developing Economies of Central and Eastern ," Resources, MDPI, vol. 12(8), pages 1-25, July.
    6. Alexandra Horobet & Lucian Belascu & Magdalena Radulescu & Daniel Balsalobre-Lorente & Cosmin-Alin Botoroga & Cristina-Carmencita Negreanu, 2024. "Exploring the Nexus between Greenhouse Emissions, Environmental Degradation and Green Energy in Europe: A Critique of the Environmental Kuznets Curve," Energies, MDPI, vol. 17(20), pages 1-29, October.
    7. Busola D. Akintayo & Oluwafemi E. Ige & Olubayo M. Babatunde & Oludolapo A. Olanrewaju, 2023. "Evaluation and Prioritization of Power-Generating Systems Using a Life Cycle Assessment and a Multicriteria Decision-Making Approach," Energies, MDPI, vol. 16(18), pages 1-18, September.
    8. Zhongwei, Huang & Liu, Yishu, 2022. "The role of eco-innovations, trade openness, and human capital in sustainable renewable energy consumption: Evidence using CS-ARDL approach," Renewable Energy, Elsevier, vol. 201(P1), pages 131-140.
    9. Liu, Yaping & Sadiq, Farah & Ali, Wajahat & Kumail, Tafazal, 2022. "Does tourism development, energy consumption, trade openness and economic growth matters for ecological footprint: Testing the Environmental Kuznets Curve and pollution haven hypothesis for Pakistan," Energy, Elsevier, vol. 245(C).
    10. Riza Radmehr & Samira Shayanmehr & Ernest Baba Ali & Elvis Kwame Ofori & Elżbieta Jasińska & Michał Jasiński, 2022. "Exploring the Nexus of Renewable Energy, Ecological Footprint, and Economic Growth through Globalization and Human Capital in G7 Economics," Sustainability, MDPI, vol. 14(19), pages 1-19, September.
    11. Sharma, Rajesh & Shahbaz, Muhammad & Sinha, Avik & Vo, Xuan Vinh, 2021. "Examining the temporal impact of stock market development on carbon intensity: Evidence from South Asian countries," MPRA Paper 108925, University Library of Munich, Germany, revised 2021.
    12. Caglar, Abdullah Emre & Daştan, Muhammet & Avci, Salih Bortecine, 2024. "Persistence of disaggregate energy RD&D expenditures in top-five economies: Evidence from artificial neural network approach," Applied Energy, Elsevier, vol. 365(C).
    13. Qinqin Xia & Yao Zou & Qianggang Wang, 2024. "Optimal Capacity Planning of Green Electricity-Based Industrial Electricity-Hydrogen Multi-Energy System Considering Variable Unit Cost Sequence," Sustainability, MDPI, vol. 16(9), pages 1-20, April.
    14. Özlem Karadağ Albayrak & Samet Topal & Serhat Çamkaya, 2022. "The Impact of Economic Growth, Renewable Energy, Non-renewable Energy and Trade Openness on the Ecological Footprint and Forecasting in Turkiye: an Case of the ARDL and NMGM Forecasting Model," Alphanumeric Journal, Bahadir Fatih Yildirim, vol. 10(2), pages 139-154, December.
    15. Yugang He, 2022. "Renewable and Non-Renewable Energy Consumption and Trade Policy: Do They Matter for Environmental Sustainability?," Energies, MDPI, vol. 15(10), pages 1-17, May.
    16. Pratik Mochi & Kartik Pandya & Joao Soares & Zita Vale, 2023. "Optimizing Power Exchange Cost Considering Behavioral Intervention in Local Energy Community," Mathematics, MDPI, vol. 11(10), pages 1-15, May.
    17. Murshed, Muntasir & Saboori, Behnaz & Madaleno, Mara & Wang, Hong & Doğan, Buhari, 2022. "Exploring the nexuses between nuclear energy, renewable energy, and carbon dioxide emissions: The role of economic complexity in the G7 countries," Renewable Energy, Elsevier, vol. 190(C), pages 664-674.
    18. Yana Us & Tetyana Pimonenko & Oleksii Lyulyov, 2023. "Corporate Social Responsibility and Renewable Energy Development for the Green Brand within SDGs: A Meta-Analytic Review," Energies, MDPI, vol. 16(5), pages 1-18, February.
    19. Jahanger, Atif & Hossain, Mohammad Razib & Usman, Muhammad & Chukwuma Onwe, Joshua, 2023. "Recent scenario and nexus between natural resource dependence, energy use and pollution cycles in BRICS region: Does the mediating role of human capital exist?," Resources Policy, Elsevier, vol. 81(C).
    20. Francisco García-Lillo & Eduardo Sánchez-García & Bartolomé Marco-Lajara & Pedro Seva-Larrosa, 2023. "Renewable Energies and Sustainable Development: A Bibliometric Overview," Energies, MDPI, vol. 16(3), pages 1-22, January.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jeners:v:17:y:2024:i:11:p:2476-:d:1399314. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.