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This paper delves into an econometric analysis to uncover the differences between Nordic European Countries - NEC (Norway, Denmark, Finland, Sweden) and South-East European Countries - SEEC (Greece, Bulgaria, Romania, Hungary). The focus is on exploring the interplay among electricity generation from Renewable Energy Sources (RES), CO 2 emissions, urban population and GDP per capita in these two European regions. The study employs cross-sectional dependence, first and second-generation panel unit root tests, Pedroni panel and Westerlund panel cointegration tests, ARDL, Dumitrescu-Hurlin causality test to establish the relation among variables. The findings reveal that in both regions, CO 2 emissions are significantly influenced by GDP per capita, urbanization and RES generation. Furthermore, urbanization plays an important role. When examining causality in SEEC, three bidirectional relationships are observed: urbanization and CO 2 , urbanization and GDP, urbanization and generation from RES, and two unidirectional causalities: CO 2 and GDP, generation from RES and CO 2. In contrast, for the NEC, there are two bidirectional causalities: urbanization and CO 2 , urbanization and generation from RES, and two unidirectional causalities: GDP and CO 2 , generation from RES and CO 2. These results highlight the nuanced and varied nature of environmental and economic dynamics across various European regions. • Relationship between CO 2 emissions, GDP per capita and electricity production from RES. • Investigating two groups of EU countries located in the North and SE Europe. • Estimations with Fully Modified and Dynamic Ordinary Least Squares. • Causality and cointegration between variables. [ABSTRACT FROM AUTHOR]

Hydrogen is among the energy carriers, which are most often considered for bringing about a sustainable energy system. Yet, so far, hydrogen has not delivered as an energy carrier. The core objective of this paper is to provide a comprehensive analysis of the state-of-the-art and the future prospects of green hydrogen in the European energy system from economic, energetic and CO 2 emissions point-of-view. The analysis shows that there are some increasing opportunities for hydrogen use in industry and in the transport sector, when electrification is not possible or is too expensive, as well as a storage in the European electricity system. However, a hydrogen-based energy system will remain a vision at least over the next decades. The major reason for this is the unfavorable economics mostly due to high investment costs in the whole supply chain. In addition, the overall efficiencies in the hydrogen chains are moderate in general. The full environmental benignity of hydrogen as an energy carrier is only provided when renewable energy sources are used for hydrogen production. However, in Europe, the potentials for green hydrogen are very limited due to the insufficient expansion of renewable electricity generation. For this reason, many European countries are considering options for green hydrogen import. The future of hydrogen is highly dependent on the supporting policy framework. To reduce the risk in the investment in hydrogen infrastructure, as well as to justify the promotion of green hydrogen, it is very important that Europe works out a very clear and realistic long-term implementation strategy. • Hydrogen might have potential in the European energy system, yet a hydrogen-based energy system stays visionary. • Green hydrogen from renewable electricity via electrolyzers is key for environmental benefits and decarbonization. • Hydrogen should be prioritized for uses where electrification is not feasible. [ABSTRACT FROM AUTHOR]