Towards a greener future: Renewable energy and economic sustainability in Europe
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62690094%3A18450%2F25%3A50022565" target="_blank" >RIV/62690094:18450/25:50022565 - isvavai.cz</a>
Result on the web
<a href="https://dspace.tul.cz/server/api/core/bitstreams/a75660a5-4424-4d13-97e4-a2512d0a83c9/content?authentication-token=eyJhbGciOiJIUzI1NiJ9.eyJlaWQiOiI5YjAwMzA5NC1kNzc1LTQwMWEtOGQ5YS05ZTdhN2QyNTEzZWYiLCJzZyI6W10sImF1dGhlbnRpY2F0aW9uTWV0aG9kIjoic2hpYmJvbGV0aCIsImV4cCI6MTc1Njk2OTMzNX0.T2ionOp5Psmqvawdh_M3rCqaeQTV6DrQyh7apCf1Hmg" target="_blank" >https://dspace.tul.cz/server/api/core/bitstreams/a75660a5-4424-4d13-97e4-a2512d0a83c9/content?authentication-token=eyJhbGciOiJIUzI1NiJ9.eyJlaWQiOiI5YjAwMzA5NC1kNzc1LTQwMWEtOGQ5YS05ZTdhN2QyNTEzZWYiLCJzZyI6W10sImF1dGhlbnRpY2F0aW9uTWV0aG9kIjoic2hpYmJvbGV0aCIsImV4cCI6MTc1Njk2OTMzNX0.T2ionOp5Psmqvawdh_M3rCqaeQTV6DrQyh7apCf1Hmg</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.15240/tul/001/2025-5-020" target="_blank" >10.15240/tul/001/2025-5-020</a>
Alternative languages
Result language
angličtina
Original language name
Towards a greener future: Renewable energy and economic sustainability in Europe
Original language description
The transition towards the use of renewable energy sources has been considered for a long time concerning their capabilities in promoting economic sustainability. Therefore, this study aims to examine the role of renewable energy in achieving economic sustainability in the European region. Empirical data was collected with the help of Eurostat to analyze the proposed relationship. Macro-level data from twenty-eight (28) European countries is collected, and the final dataset contains statistics between 2014 and 2023. Analyzing the findings of ordinary least squares and system GMM regression tests, as well as the different proxies of both renewable energy and economic sustainability, a positive relationship is found between renewable energy and economic sustainability. Moreover, increased availability of renewable energy (for instance, wind, solar, and the like) is regarded as a way of enhancing economic performance, creating more jobs, and saving the cost of energy. The outcomes also indicate that upgrading renewable energy infrastructure improves economic growth, promotes innovation, and stabilizes the economy's growth in the long run. This study adds to the current discourse on the efficiency of renewable energy and opens up a new area of research for scholars and policymakers.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50204 - Business and management
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2025
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
E+M. Ekonomie a management
ISSN
1212-3609
e-ISSN
2336-5064
Volume of the periodical
28
Issue of the periodical within the volume
3
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
16
Pages from-to
128-143
UT code for WoS article
001530266900001
EID of the result in the Scopus database
2-s2.0-105016669114