A Review of Economic and Environment Indicators and Energy Efficiency: Evidence from the EU and Serbia

Jednak, Sandra and Minović, Jelena and Kragulj, Dragana (2020) A Review of Economic and Environment Indicators and Energy Efficiency: Evidence from the EU and Serbia. Economic themes, 58 (4). pp. 459-477. ISSN 1450-961X

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Abstract

Energy is a globally important factor of production - the
growth of population and income increase energy consumption, so there
is an urge to decrease it. However, there are different ways to reduce
energy consumption, and one of them is energy efficiency. The aim of
the paper is to give a theoretical review of energy efficiency and its
benefits. The purpose of the paper is the analysis of economic and
environmental indicators and energy efficiency in EU27 (after 2020)
and Serbia. The trends of energy efficiency, GDP per capita and GHG
emission are shown for the observed countries. The European and
Serbian policies and targets for energy efficiency are presented and also
the level these countries have reached the set targets. In order to see
the relationship between energy efficiency, GDP per capita and GHG
emission, the correlation among all variables is applied. The results
show that energy efficiency is higher in EU27 than in Serbia. Even
though Serbia had energy efficiency increase during the observed
period (1995-2018), it lags behind the EU27. However, there is a
positive correlation between energy efficiency and GDP and GHG
emission in both EU27 and Serbia.

Item Type:	Article
Additional Information:	COBISS.ID=29189897
Uncontrolled Keywords:	energy efficiency, GDP, energy, CO2 emission, European Union, Serbia
Research Department:	Macroeconomics
Depositing User:	Jelena Banovic
Date Deposited:	24 Jan 2021 21:08
Last Modified:	24 Jan 2021 21:08
URI:	http://35.240.28.64/id/eprint/1541
Author Links:	[error in script] No links available.

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