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Econometric Studies on the Development of Renewable Energy Sources to Support the European Union 2020–2030 Climate and Energy Framework: A Critical Appraisal

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  • Consolación Quintana-Rojo

    (Seminar on Sustainable Economy, Faculty of Law and Social Sciences, University of Castilla—La Mancha, Ronda de Toledo s/n., 13071 Ciudad Real, Spain)

  • Fernando-Evaristo Callejas-Albiñana

    (Seminar on Sustainable Economy, Faculty of Law and Social Sciences, University of Castilla—La Mancha, Ronda de Toledo s/n., 13071 Ciudad Real, Spain)

  • Miguel-Ángel Tarancón

    (Seminar on Sustainable Economy, Faculty of Law and Social Sciences, University of Castilla—La Mancha, Ronda de Toledo s/n., 13071 Ciudad Real, Spain)

  • Isabel Martínez-Rodríguez

    (Seminar on Sustainable Economy, Faculty of Law and Social Sciences, University of Castilla—La Mancha, Ronda de Toledo s/n., 13071 Ciudad Real, Spain)

Abstract

One of the key objectives of the European Union is the transition to a total decarbonization of the economy by 2050. Within this strategic framework, the renewable energy development target plays a key role. This renewable energy deployment must be translated into national and European Union realities through specific political decisions. The econometric analysis techniques have the capacity to represent, in a mathematical and objective way, the system of relations comprising the economic, technical, and political factors that contribute to the deployment of renewable energy, and the impact that such an investment in renewable energy has at an economic, environmental, and social level. Therefore, econometric studies have a high potential to support policymakers who have to translate the guidelines of the strategic plan for renewable energy deployment into concrete policies. This article analyzed the capacity of the econometric literature on renewable energy development to provide this support, by means of a bibliometric study carried out on a sample of 153 documents related to 1329 keywords. The results show that, in general, there is a large literature based on econometric methodology to support the different renewable energy guidelines provided by the European Union 2020–2030 climate and energy strategic framework.

Suggested Citation

  • Consolación Quintana-Rojo & Fernando-Evaristo Callejas-Albiñana & Miguel-Ángel Tarancón & Isabel Martínez-Rodríguez, 2020. "Econometric Studies on the Development of Renewable Energy Sources to Support the European Union 2020–2030 Climate and Energy Framework: A Critical Appraisal," Sustainability, MDPI, vol. 12(12), pages 1-26, June.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:12:p:4828-:d:370835
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