<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>The transition to renewable energy is one of the main objectives at the level of the European Union to answer the problems related to global warming. In this context, the main objective of this study is to analyze the role of one of the drivers that can contribute to the achievement of this objective, namely research and development expenditure. Thus, based on a diversified research methodology, which includes in particular comparative analysis, descriptive analysis, and econometric analysis, we tested the role of research and development expenditure in stimulating final energy consumption from renewables and biofuels in the industrial sector using related statistical data from 13 European Union Member States between 2006 and 2022. The main results showed that research and development expenditure have a positive impact on the consumption of renewable energy in the industrial sector.</p>
</abstract>

The transition to renewable energy is one of the main objectives at the level of the European Union to answer the problems related to global warming. In this context, the main objective of this study is to analyze the role of one of the drivers that can contribute to the achievement of this objective, namely research and development expenditure. Thus, based on a diversified research methodology, which includes in particular comparative analysis, descriptive analysis, and econometric analysis, we tested the role of research and development expenditure in stimulating final energy consumption from renewables and biofuels in the industrial sector using related statistical data from 13 European Union Member States between 2006 and 2022. The main results showed that research and development expenditure have a positive impact on the consumption of renewable energy in the industrial sector.

The Impact of R&amp;D Investments on Renewable Energy Transition. A Panel Data Approach

The Bucharest University of Economic Studies

Proceedings of the International Conference on Business Excellence

This work is licensed under the Creative Commons Attribution 4.0 International License.

The Impact of R&D Investments on Renewable Energy Transition. A Panel Data Approach

The transition to renewable energy is one of the main objectives at the level of the European Union to answer the problems related to global warming. In this...

The Impact of R&D Investments on Renewable Energy Transition. A Panel Data Approach

Published Online: Jul 03, 2024

Page range: 1808 - 1818

DOI: https://doi.org/10.2478/picbe-2024-0152

Keywords
R&D, renewable energy, GDP per capita, transition, industry sector

© 2024 Adrian Petre et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

The Impact of R&D Investments on Renewable Energy Transition. A Panel Data Approach

Published Online: Jul 03, 2024

Page range: 1808 - 1818

DOI: https://doi.org/10.2478/picbe-2024-0152

KeywordsR&D, renewable energy, GDP per capita, transition, industry sector

© 2024 Adrian Petre et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
R&D, renewable energy, GDP per capita, transition, industry sector