Decarbonisation of eastern European economies: monitoring, economic, social and security concerns

Radovanović, Mirjana and Filipović, Sanja and Vukadinović, Simonida and Trbojević, Milovan and Podbregar, Iztok (2022) Decarbonisation of eastern European economies: monitoring, economic, social and security concerns. Energy, Sustainability and Society, 12. ISSN 2192-0567

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Background: Decarbonisation of the European economy is one of the main strategic goals of energy transition in the European Union (EU), which aims to become a leader in this process by 2050 and to include other European countries making thus the European continent the first carbon neutral region in the world. Although decarbonisation is an important goal of the EU, the models for monitoring the progress of this process have not yet been clearly defined, and views on the social, economic, and security implications in terms of prioritising decarbonisation are conflicting. The main objective of this paper is to determine the methodological correctness of the existing method of decarbonisation monitoring, to develop a new monitoring model indicating the differences in the EU and European countries that are non-EU and to point out the underlying social, economic and security implications that must certainly find their place in the decision-making process in this field. Results: The main results showed that there is no clearly defined model for monitoring the success of decarbonisation, while the indicators that are commonly used for this purpose make a model that, as the analysis shows—is methodologically incorrect. In the case of EU countries, the following indicators proved to be the most reliable: consumption-based CO2 and share in global CO2. For non-EU countries, the best monitoring indicators are CO2 per unit of GDP, consumption-based CO2, and renewable energy consumption. These indicators can explain 99% of the variance in decarbonisation success. Conclusions: The basic conclusion of the paper is that even before the implementation, the decarbonisation monitoring model should be defined and methodologically tested, and the use of a single model for all EU countries or for all countries is not recommended. It is proposed to simplify the monitoring model, with an emphasis on monitoring of consumption-based CO2, which proved to be the most efficient in all sampled countries. The current method of monitoring is based exclusively on environmentally related indicators while ignoring the fact that decarbonisation is associated with almost all aspects of development. The additional social, economic and security aspects need to be developed and included in the further monitoring process.

Item Type: Article
Uncontrolled Keywords: Decarbonisation, Eastern European economies, Monitoring, Social implications, Security aspects.
Institutional centre: Centre for economic research
Depositing User: Vesna Jovanović
Date Deposited: 25 Mar 2022 15:05
Last Modified: 25 Mar 2022 15:05

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