The impact of EU energy policies on technological performance of Lithuanian manufacturing enterprises

Abstract

Due to the ambitious targets of EU energy policies, changing environmental priorities and industrial progress, the development of new technologies and their implementation in the industry has became one of the most significant factors of various Lithuanian strategic documents, determining the speed and results of the economic-social development. After introduction of the taxes on natural resources and pollution of environment, and following the requirements of EU regulations not to exceed the allowable pollution standards, the requirements for the efficiency of Lithuanian industrial production as well as for economical use of energy resources and eco-efficiency have significantly increased. Due to the conditions of modern business, the development of Lithuanian industry is an integral part of sustainable social, economic development and implementation of energy-saving technologies in manufacturing enterprises. This paper presents the analysis of energy-saving policy objectives and instruments in EU and Lithuania highlighting the priority of implementation tools in the industry, also evaluation of the impact of EU energy policies on technological performance of Lithuanian manufacturing enterprises.