EconPapers    
Economics at your fingertips  
 

Sustainable development challenges of the biofuel industry in India based on integrated MCDM approach

Vaibhav S. Narwane, Vinay Surendra Yadav, Rakesh D. Raut, Balkrishna E. Narkhede and Bhaskar B. Gardas

Renewable Energy, 2021, vol. 164, issue C, 298-309

Abstract: Biofuel can become a promising sustainable energy resource in India by substituting conventional fossil fuels. However, the biofuel industry is still in its initial stage due to barriers in technical, economic, social, and regulatory dimensions. In this study, thirty-eight barriers to the sustainable development of biofuels were explored by reviewing the literature and expert opinions. Then, an integrated approach combining “Interpretive Structural Modelling (ISM)” and “Decision Making Trial and Evaluation Laboratory (DEMATEL)” methodology was employed to establish a mutual relationship between the challenges and simultaneously obtaining the intensity of this interrelationship to identify the most significant ones. Further, these barriers are also clustered using “Matriced Impacts Croisés Multiplication Appliquée á un Classement (MICMAC)” analysis. The results of the study reveal that four challenges, i.e., “Lack of governmental support for sustainable supply chain solutions (B31), Lack of subsidies/incentives for creating competition among the producers of bio-energy (B30), Lack of entrepreneurship support (B21) and Lack of biomass supply chain standards (B19)” are the biggest hurdles. The study also presents a few strategies, which can be used as a guiding step by the decision-makers to formulate policies for the effective elimination of the barriers for the sustainable growth of the biofuel industry.

Keywords: Barriers; Biofuel sector; Sustainability; ISM-DEMATEL; MICMAC analysis; India (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0960148120315020
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:renene:v:164:y:2021:i:c:p:298-309

DOI: 10.1016/j.renene.2020.09.077

Access Statistics for this article

Renewable Energy is currently edited by Soteris A. Kalogirou and Paul Christodoulides

More articles in Renewable Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2025-03-19
Handle: RePEc:eee:renene:v:164:y:2021:i:c:p:298-309