Work detail

The Impact of Renewable Energy on the EU Electricity Prices and CO2 Emissions

Author: Bc. Marek Čech
Year: 2015 - summer
Leaders: prof. Ing. Karel Janda M.A., Dr., Ph.D.
Work type: Bachelors
Language: English
Pages: 66
Awards and prizes:
Abstract: This thesis is focused on the topic of electricity pricing in the European Union
connected with the increasing use of renewable energy sources in electricity
production and consumption. It provides background information related to the types
of energy sources along with the summary of their advantages and disadvantages
regarding both the environmental impact and financial costs. Furthermore, it involves
fundamental global and European electricity production statistics and a summary of
the European Union approach to the support of environment-friendly energy
production methods. The core of the thesis is then the econometric panel data model
(data collected from 13 member states of the European Union over the period
between 2010 and 2013) analysing two relationships. First, the impact of the share of
renewable energy sources in the final electricity production on the European
consumer electricity prices. Second, whether the replacement of fossil fuels by
renewable energy causes a significant decrease in the greenhouse gases (specifically
carbon dioxide) emissions. In conclusion, this paper provides suggestions for further
research based on the analyses included in it.




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