An interpretive model to assess the barriers to ocean energy toward blue economic development in India

Ashish Trivedi, Vibha Trivedi, Krishan Kumar Pandey and Ouissal Chichi

Renewable Energy, 2023, vol. 211, issue C, 822-830

Abstract: Energy from the ocean has been globally recognized as one of the most significant sources of renewable energy. In the Indian context, it has the potential to meet the country's long-term energy requirements as the Indian peninsula possesses a vast coastline. However, harnessing the energy from the ocean has several challenges and risks that serve as a major roadblock to India's attainment of this energy advantage. This study explores the challenges to ocean energy development by reviewing the literature and analyses the complex interactions between them using the Interpretive Structural Modelling approach. Data are collected from twenty-six experts and an interpretive model is developed. The analysis reveals that lack of policy push, technology, R&D, and trained workforce are some of the key barriers to the development of the ocean energy sector in India, requiring special focus to streamline the infrastructural development of ocean energy as a sustainable source. The findings provide valuable strategic insights to policymakers.

Keywords: Ocean energy; Renewable energy; Sustainability; Barriers; Interpretive structural model (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:renene:v:211:y:2023:i:c:p:822-830

DOI: 10.1016/j.renene.2023.05.046

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