Exploring the interconnected dynamics of energy efficiency and socioeconomic factors in European economic development using SOM

Sonja Brlečić Valčić, Ana Markuz

Article ID: 6682
Vol 8, Issue 9, 2024

VIEWS - 99 (Abstract) 38 (PDF)

Abstract


Purpose: Today’s challenges underscore the importance of energy across all segments of life. This scientific paper investigates the multifaceted relationship between energy efficiency, energy import reliance, population heating access, renewable energy integration, electricity production capacities, internet utilization, structural EU funds, and education/training within the framework of economic development. Methodology: Using data from selected European countries and employing self-organizing neural networks (SOM) and linear regression, this research explores how these interconnected factors influence the journey toward a sustainable and prosperous economic future. Results: The analysis revealed a strong connection between energy efficiency and numerous socioeconomic factors of modern times, with most of these connections being non-linear in nature. Conclusion: As countries work toward sustainable development goals, prioritizing energy efficiency can contribute to improved quality of life, economic growth, and environmental sustainability.


Keywords


energy efficiency; energy imports; renewable energy sources; economic development; structural EU funds

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DOI: https://doi.org/10.24294/jipd.v8i9.6682

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