@misc{10481/72690,
year = {2022},
month = {1},
url = {http://hdl.handle.net/10481/72690},
abstract = {Climate change is a major global concern closely related to the strategies aimed at reducing energy consumption and
increasing energy efficiency. Over the last decades, the interest in the development of renewable energy (RE) has grown
exponentially. In the case of the European Union (EU), the Renewable Energy Directive sets rules to achieve a 32% of total
energy consumption to be covered through RE by 2030. In order to achieve this goal, it is important to know what are the
main driving factors of RE consumption (REC). This study aims to analyze the impact of economic and social factors on
the share of REC in total energy consumption in the EU over the period 2001–2015. For doing so, we estimate a Panel Corrected
Standard Error (PCSE) model. The results obtained show that economic factors have a negative effect on REC. In
contrast, social factors like education exert a positive effect. This suggests that it is necessary to adopt a holistic approach
that includes not only economic but also social aspects in order to foster REC.},
organization = {Ministry of Economy, Industry, and Competitiveness and State Research Agency of Spain},
organization = {European Commission	CS02017-86975-R},
organization = {Universidad de Granada/CBUA},
publisher = {Springer},
keywords = {Renewable energy},
keywords = {Economic factors},
keywords = {Social factors},
keywords = {Energy transition},
keywords = {Data panel},
keywords = {European Union},
title = {An analysis of the main driving factors of renewable energy consumption in the European Union},
doi = {10.1007/s11356-022-18715-z},
author = {Camacho Ballesta, José Antonio and Da Silva Almeida, Lucas and Rodríguez Molina, Mercedes},
}