Nexus between energy poverty and energy efficiency: Estimating the long-run dynamics

This paper addresses the empirical relationship between energy poverty and energy efficiency in developed and developing countries through various domains. The analysis is conducted using energy poverty indicators, country-wise GDP, energy efficiency, and social welfare by using data envelopement analysis (DEA) and entropy method through mediating role of econometric estimation by using. The findings show that energy poverty will reduce the gross domestic product from par to par. Moreover, the countries' social welfare may dramatically decrease if long-term energy poverty is consistent and not mitigated, negating the traditional theory that only gaining energy efficiency is more than enough for energy stakeholders. Based on the deducted results, this study suggests potential policy adjustments, and illustrates the value of productive energy supply. Results reveals that expenditure associated energy poverty has major share while electricity consumption based energy poverty is the second major factor. Moreover, there is an absence of modern electricity access in less energy efficient areas. SMoreover energy prices should also provide a quantitative assessment of actual costs associated with the rising concern of energy efficiency and social welfare to reduce energy poverty. On this, the study provides valuable information for policy makers and relevant stakeholders.

Automated summary

The study explores the relationship between energy poverty and energy efficiency in developed and developing countries through data analysis, highlighting the negative impact of energy poverty on GDP and social welfare, suggesting policy adjustments and emphasis on productive energy supply.