Renewable energy innovation in Europe: Energy efficiency analysis

Abstract

In this manuscript, we investigate the importance of renewable energy innovation for achieving inclusive and sustainable goals and the state’s energy security. Emphases in research are made on investigation the effect of regulatory policies and fiscal incentives on achieving renewable energy targets. Exploiting energy data for 28 European countries over the period 1990–2018, we assess the relationship between the volumes of renewable energy and energy efficiency. The statistical analysis we performed in Python. Our results indicate that the share of energy from renewable positively correlates with all energy efficiency indicators except energy productivity.