Improving the Energy and Environmental Efficiency for Energy Poverty Reduction

This study aims to measure social welfare and poverty reduction through efficient use of energy and reduction in CO2 emissions. For this purpose, this study applies mathematical multi-system programming using selected European countries’ data between 2014 and 2018. The outcomes of empirical findings show that Norway, Switzerland, and Poland are highly efficient in energy usage. Norway and Switzerland are also among the most energy-efficient countries, which have lessened CO2 emissions in Europe. These European countries have become energy efficient; thus, they have improved social welfare by improving environmental quality and reducing poverty. According to our findings, there is a significant and positive relationship between social welfare and energy efficiency in Europe. Therefore, European nations have an opportunity to reduce poverty, improving people’s lives, provide good health, create more jobs, and preserve the natural environment through energy efficiency. Moreover, this study’s outcomes may serve as a beacon house light for reducing poverty and improving the quality of social welfare indicators in developing Asia by following the trajectory of energy efficiency.