Predictors for Green Energy vs. Fossil Fuels: The Case of Industrial Waste and Biogases in European Union Context

Author:

Popescu Catalin1ORCID,Gabor Manuela Rozalia23ORCID,Stancu Adrian1ORCID

Affiliation:

1. Department of Business Administration, Faculty of Economic Sciences, Petroleum-Gas University of Ploiesti, 100680 Ploiesti, Romania

2. Department ED1—Economic Sciences, Faculty of Economics and Law, “George Emil Palade” University of Medicine, Pharmacy, Sciences and Technology of Târgu Mures, 540139 Tîrgu Mures, Romania

3. Department of Economic Research, U.C.S.D.T., “George Emil Palade” University of Medicine, Pharmacy, Sciences and Technology of Târgu Mures, 540139 Tîrgu Mures, Romania

Abstract

In the context of sustainability, the integration of renewable energy into industrial processes not only minimizes dependence on fossil fuels but also contributes to the efficient management of industrial waste. By transforming organic waste, including agri-food and urban waste, into biogas, green energy can be generated, thus reducing the impact on the environment and closing the loop of material used in the economic circuit. Thus, a sustainable system can be promoted, where resources are continuously reused and exploited. Statistical methods and a decision tree with the Classification and Regression Trees (CRT) algorithm were employed to analyze data. The paper focuses on the importance of industrial waste and biogas for the generation, transformation, and consumption of energy in the EU (European Union)-27 countries. To provide a thorough analysis, we have divided these countries based on real gross domestic product (GDP) per capita, grouping them above/below the annual average for the period 2012–2021/2022. Descriptive statistics revealed observable differences between the two groups, but the paper aimed to provide evidence regarding the existence of these differences as statistically significant. Using the Kolmogorov–Smirnov test, the non-normal distribution of the data was confirmed, requiring non-parametric inferential methods. The Mann–Whitney U test revealed statistically significant differences between the two groups for all the studied variables. This comprehensive approach highlights the distinct energy-related characteristics influenced by economic development in the EU-27.

Funder

Petroleum-Gas University of Ploiesti, ROMANIA

Publisher

MDPI AG

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