Towards Energy Transformation: A Case Study of EU Countries

Abstract

The decarbonization of European economies is an established reality that has been accelerating in recent years. The focus of EU policy is on the dynamic transformation of the energy balances of Member States, which most significantly impacts economies reliant on coal. In the context of emerging megatrends, this study sets out to determine the extent of changes occurring in the economies of European Union countries in relation to the Green Deal paradigm. The objective of this article is to introduce a comprehensive method developed by the authors for assessing the dynamics of energy transformation in the European Union countries under study. This method is divided into two phases. Initially, countries are classified according to the energy transformation dynamics matrix. Subsequently, the actual assessment of energy transformation dynamics is conducted using a novel composite indicator, the ETPI (Energy Transition Progress Index), based on analyses for 2022 and 2013 using Eurostat data. The results identify leaders in energy transformation, such as Sweden, Germany, Denmark, France, Italy, Spain, Austria, Finland, and the Netherlands, while highlighting significant challenges facing Poland and Bulgaria.