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The Impact of the Production and Consumption of Renewable Energy on Economic Growth—The Case of Poland

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  • Iwona Bąk

    (Department of Application of Mathematics in Economics, Faculty of Economics, West Pomeranian University of Technology, Janickiego Street 31, 71-270 Szczecin, Poland)

  • Emilia Barej-Kaczmarek

    (Department of Application of Mathematics in Economics, Faculty of Economics, West Pomeranian University of Technology, Janickiego Street 31, 71-270 Szczecin, Poland)

  • Maciej Oesterreich

    (Department of Application of Mathematics in Economics, Faculty of Economics, West Pomeranian University of Technology, Janickiego Street 31, 71-270 Szczecin, Poland)

  • Beata Szczecińska

    (Department of Application of Mathematics in Economics, Faculty of Economics, West Pomeranian University of Technology, Janickiego Street 31, 71-270 Szczecin, Poland)

  • Katarzyna Wawrzyniak

    (Department of Application of Mathematics in Economics, Faculty of Economics, West Pomeranian University of Technology, Janickiego Street 31, 71-270 Szczecin, Poland)

  • Piotr Sulikowski

    (Faculty of Information Technology and Computer Science, West Pomeranian University of Technology, Zolnierska Street 49, 71-210 Szczecin, Poland)

Abstract

In the last decade, rapid technological development and a simultaneous increase in social awareness related to environmental protection have been determinants of the research and development of new techniques for generating energy from renewable sources. The international situation after 24 February 2022 in turn caused an increase in demand for energy that can be generated locally. This trend has not bypassed Poland either, where dynamic development of the market related to generating energy from renewable sources has been observed for many years. The aim of this article is to identify regularities in the degree of impact of the production and consumption of renewable energy on economic growth in Poland in 2005–2022. In this study, we used power econometric models. The results obtained by the authors show that energy consumption including renewable energy affects economic growth. In Poland, in the period under review, the increase in the consumption and production of energy from renewable sources, both on a national scale and on the scale of separate regions (city agglomerations, towns and suburbs, rural areas), contributed to the increase in measures characterizing economic development.

Suggested Citation

  • Iwona Bąk & Emilia Barej-Kaczmarek & Maciej Oesterreich & Beata Szczecińska & Katarzyna Wawrzyniak & Piotr Sulikowski, 2024. "The Impact of the Production and Consumption of Renewable Energy on Economic Growth—The Case of Poland," Sustainability, MDPI, vol. 16(24), pages 1-27, December.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:24:p:11062-:d:1545708
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