Energy Economics and Policy of Renewable Energy Sources in the European Union

Authors

  • Wadim Strielkowski Institute of economic studies, Faculty of social sciences, Charles University in Prague
  • Å tÄ›pán KrÅ¡ka Institute of economic studies, Faculty of social sciences, Charles University in Prague, Opletalova 26, CZ-11000, Prague, Czech Republic
  • Evgeny Lisin Department of the Economics and Management of Enterprises, National Research University "Moscow Power Engineering Institute", Krasnokazarmennaya 14 – Moscow, Russian Federation

Abstract

European Union adapted the policy of reducing its carbon footprint and embarked on the journey to shift to renewable energy sources in the early 1990s. The whole process started with implementations of binding rules that set up indicative targets for the EU Member States. However, this process had to go hand in hand with high energy costs charged to the consumers. This paper defines various types of renewable sources in the EU and analyses European legislation on renewable energy sources. In addition, it deals with the current situation regarding the energy policies in the European Union and outlines its main criticisms and prospects. The results and conclusions might be of some value for EU main energy providers as well as for the EU partners in the world.  Keywords: Energy economics; renewable energy; energy providers; economic forecasting; EU JEL Classifications:  F40; F50; Q20; Q47

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Author Biographies

Wadim Strielkowski, Institute of economic studies, Faculty of social sciences, Charles University in Prague

Assistant Professor of Economics, Institute of economic studies, Faculty of social sciences, Charles University in Prague, Opletalova 26, CZ-11000, Prague, Czech Republic

Štěpán Krška, Institute of economic studies, Faculty of social sciences, Charles University in Prague, Opletalova 26, CZ-11000, Prague, Czech Republic

ŠtÄ›pán Krška is a graduate student at the Institute of economic studies, Faculty of social sciences, Charles University in Prague, Prague, Czech Republic

Evgeny Lisin, Department of the Economics and Management of Enterprises, National Research University "Moscow Power Engineering Institute", Krasnokazarmennaya 14 – Moscow, Russian Federation

Evgeny Lisin is an Associate Professor at the Department of the Economics and Management of Enterprises, National Research University "Moscow Power Engineering Institute", Moscow, Russian Federation

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Published

2013-07-29

How to Cite

Strielkowski, W., KrÅ¡ka, Å tÄ›pán, & Lisin, E. (2013). Energy Economics and Policy of Renewable Energy Sources in the European Union. International Journal of Energy Economics and Policy, 3(4), 333–340. Retrieved from https://econjournals.com./index.php/ijeep/article/view/528

Issue

Vol. 3 No. 4 (2013)

Section

Articles

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