Green Energy in Europe and SocioEconomic Impact

Abstract

The pandemic crisis caused by the COVID-19 coronavirus in early 2020 resulted in a series of rapid developments in all areas of political, economic, social and technological life in every country and society, on a global level. The European Commission has announced the Next Generation recovery plan, with a budget of 750 billion euros for the period 2021-2027. The main scope for European Union is to create a greener, more digital and ultimately sustainable Europe, with increased resilience even in future crises. At the same time, energy is seen as vital for the development and prosperity of every country and society, let alone in today's era of interconnection, high technology and globalization. In this study, both secondary research as well as primary qualitative research took place with personal in-depth interviews with experts, such as academics, politicians and enterpreneurs, all of them considered as stakeholders in issues related to the “green” energy. The overall study produces useful conclusions and suggestions that can contribute to a better understanding of green energy and its economic and social impact on society. The new green deal seems to be a first-class opportunity for the radical restructuring of the European economy and the strengthening of institutions through a more dynamic, sustainable, green growth model that is expected to further shield society and the country from a new upcoming crisis which is likely to occur sooner and more ambitiously, according to what is happening in the global environment.