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Author(s): Dominika Čeryová, Natália Turčeková, Tatiana Svetlanská, Zuzana Kapustová, Eva Ďurišová

Title: Renewable Energy Market in V4 Countries

Source: International Scientific Days 2018 :: Towards Productive, Sustainable and Resilient Global Agriculture and Food Systems :: Proceedings

ISBN: 978-80-7598-180-6


Publisher: Wolters Kluwer ČR, Prague

PY, pages: 2018, 921-931

Published on-line: 2018-11-09

Language: eng

Abstract: Renewable sources of energy are an important alternative when we talk about shifting from fossil based economy toward low-carbon economy. In accordance with one of the most important goals of European Union (EU) to reach 20 percent share of renewable energy in the total energy mix by 2020, countries are oriented to change structure of energy market. Hoverer, it seems that this goal is little too ambitious from viewpoint of some member states. It is quite obvious that countries of Visegrad area will not achieve 20% share of renewables. The main aim of article is to examine the structure of energy market in Visegrad countries (V4) with special focus on production and consumption of renewable energy sources. Consequently, we analyze energy balance of Slovakia, Czech Republic, Hungary and Poland from the side of consumption. We also study the consumption of energy in relation to individual sectors of national economy. Results of analysis suggest that Slovakia has highest dependence on import of energy from all Visegrad countries. Even though, agriculture and forestry are sectors which are less important in terms of GDP, they are one of the major consumers of energy in Slovakia. We stress the controversy of this fact, because these are the sectors with huge potential for production of biomass as the feedstock of renewable source of energy.

Keywords: energy balance, renewable energy sources, consumption, V4 countries

JEL Classification: Q02, Q42, Q57

Rights:Open Access :: Creative Commons BY-NC-SA 4.0 International Licence
Creative Commons License
Toto dielo je publikované pod/This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International Licence.