Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)

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Analysis of the Renewable Energy Development Situations Among Twenty-Seven EU Countries

Authors
Ziling Xie1, Ruoqing Yin2, *, Yifan Zhi3
1Beijing Royal School, Beijing, 102200, China
2Department of Anthropology, Durham University, Durham, DH1 3LE, UK
3Poole College of Management, North Carolina State University, Raleigh, NC, 27695, USA
*Corresponding author. Email: qfxw58@durham.ac.u
Corresponding Author
Ruoqing Yin
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-052-7_59How to use a DOI?
Keywords
Renewable energy; European Union; Real GDP per capita
Abstract

Currently, renewable energy development can help to solve climate change and many countries around the world are busy with extract the potential of renewable energy sources. However, there is a significant difference in renewable energy share in final energy consumption among EU twenty-sever countries. This study employed a multiple regression function with renewable energy share in final energy consumption as dependent variable, operable nuclear capacity, real GDP per capita, and environmental conditions (wind, solar, geothermal intensity and precipitation) as independent variables in twenty-seven EU countries in 2016, 2018 and 2020. The results show that there is a negative correlation between renewable energy share and environmental conditions and real GDP per capita in the countries without nuclear capacity (e.g., Austria, Croatia, Cyprus, etc.). Also, for the countries which has operable nuclear capacity, there is a positive correlation between nuclear capacity and renewable share, while a negative correlation between environmental conditions and renewable energy share. The results recommend that EU countries should fully utilize their renewable energy sources. Also, due to the limitation of this study, it was more reasonable to analyze EU countries individually to get comprehensive renewable energy development strategy.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
27 December 2022
ISBN
978-94-6463-052-7
ISSN
2352-5428
DOI
10.2991/978-94-6463-052-7_59How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Ziling Xie
AU  - Ruoqing Yin
AU  - Yifan Zhi
PY  - 2022
DA  - 2022/12/27
TI  - Analysis of the Renewable Energy Development Situations Among Twenty-Seven EU Countries
BT  - Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
PB  - Atlantis Press
SP  - 499
EP  - 505
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-052-7_59
DO  - 10.2991/978-94-6463-052-7_59
ID  - Xie2022
ER  -