Renewable Energy Consumption in the Context of Economic Development, CO2 Emissions and Implications for Public Administration

the world energy consumption portfolio over recent years. One of the
reasons is the increasingly negative development of climate change.
The research carried out in this paper aims to discern whether the
examined economic indicator (GDP per capita) and the
environmental indicator (CO2 emissions per capita) affect the
renewable energy consumption in the region of the Visegrad Group
(V4 – Czech Republic, Hungary, Poland, and Slovak Republic)
countries, and to draw implications for public administration in the
given issue. The fixed effects panel regression model was used to
verify the mentioned relationships between variables from 1990-
2020. The results show that the level of the share of renewable energy
consumption on the total energy consumption in the region of the V4
countries can be affected by the GDP per capita (positive relationship
validated) and the CO2 emissions per capita (negative relationship
validated). These results are mostly in line with the findings of other
researchers conducted on different samples of countries, although
some differences can be noted, especially regarding the direction of
the relationship. The implications of the research results are
presented on three levels: practical implications for the business
sector, emphasis placed on political implications for public
administration, and theoretical implications that lay the foundation
for further research. The main limitation of the research results comes
from the sample used in V4 countries and, thus, from the limited
possibilities of generalizing the results. The direction of further
research in the addressed issue will include a larger number of
countries in the research and the use of various quantitative and
qualitative research methods.