Analysis of the Situation of Renewable and Non-Renewable Energy Consumption in the European Union

In this article, the authors present the results of research undertaken in relation to the situation regarding renewable and non-renewable energy reserves in the European Union, as well as the way in which this energy is consumed. The general view presented regarding energy resources around the world is that oil, natural gas and coal are being exhausted at an alarming rate and if we continue to exploit these oil resources at our current pace, we will see a massive depletion in energy resources over the next 41 years. The authors also focus on representing the intensity of greenhouse gas emissions from energy consumption, demonstrating that it has shown a slight decrease in the European Union. The resources and consumption of renewable and non-renewable energy were analyzed in close interdependence with these indicators under study, such as final energy consumption, renewable energy and total energy production, in order to give a correct interpretation of how these resources are used. At the same time, starting from the fact that the world economy is currently facing a cluster of crises (pandemic, financial-economic, energy, general resources), it was deemed important to highlight the fact that the total production of energy demonstrated an oscillating trend during this period.

Automated summary

This article presents research on the renewable and non-renewable energy reserves in the European Union and their consumption. It highlights the alarming rate at which oil, natural gas, and coal are being depleted, and predicts a massive depletion in energy resources in the next 41 years if exploitation continues at the current pace. The article also focuses on the slight decrease in greenhouse gas emissions from energy consumption in the European Union. The analysis of resources and consumption provides a correct interpretation of how these resources are used.