Management of Green Consumer Values in Renewable Energy Sources and Eco Innovation in India

Małgorzata Rutkowska, Paweł Bartoszczuk and Uma Shankar Singh
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Małgorzata Rutkowska: Faculty of Management, Wroclaw University of Science and Technology, 50-370 Wroclaw, Poland
Paweł Bartoszczuk: SGH Warsaw School of Economics, Collegium of Business Administration, 02-554 Warsaw, Poland
Uma Shankar Singh: Institute of Management, University of Szczecin, 71-004 Szczecin, Poland

Energies, 2021, vol. 14, issue 21, 1-17

Abstract: Renewable energy sources are ecological and sustainable solutions accepted with a common consensus under the sustainable development goals. Energy source exploration has enforced the human race to think about sustainable energy production as fossil fuels are non-renewable and are having a negative impact on ecosystem. Consumer needs and wants are the key for acceptance of renewable energy and making production a possibility. The real challenge is with the consumer market for the acceptance of green energy. The current research is based on the concept of GREEN consumer values synergizing with renewable energy sources, and eco innovation for sustainability in India. The crucial point of study is assessing GREEN consumer values which are the determining factor for consumption. All five renewable energy sources (solar, wind, hydro, geothermal and biomass) have received a higher level of acceptance by respondents which shows that India is on its way to enhancing its capacity for renewable energy. Indian consumer values are very much aligned with eco sustainability, and the market is ready to consume renewable energy.

Keywords: renewable energy; eco innovation; GREEN consumer values; solar; wind; hydro; geothermal; biomass (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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