Understanding the Antecedents of Entrepreneurship and Renewable Energies to Promote the Development of Community Renewable Energy in Rural Areas

Noelia Romero-Castro, Vanessa Miramontes-Viña and María Ángeles López-Cabarcos
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Noelia Romero-Castro: Department of Finance and Accounting, Faculty of Economics and Business Studies, University of Santiago de Compostela, 15782 Santiago de Compostela, Spain
Vanessa Miramontes-Viña: Research Group on Sustainable Value Creation in Organizations, University of Santiago de Compostela, 27002 Lugo, Spain
María Ángeles López-Cabarcos: Department of Business Administration, Faculty of Business Administration and Management, University of Santiago de Compostela, 27002 Lugo, Spain

Sustainability, 2022, vol. 14, issue 3, 1-22

Abstract: Sustainable rural development (SRD) is an essential component of sustainable development on a global scale. Community Renewable Energy (CRE) has been advocated as a step forward in the progress towards SRD. While Northern European countries are experiencing a high development of CRE, Southern European countries lag behind. Considering entrepreneurship and renewable energy technologies (RET) as two fundamental components of CRE, through a systematic literature review this study identifies the antecedents or conditioning factors of entrepreneurship and RET exploitation in rural areas of developed countries, understanding that these same antecedents condition the development of CRE in these countries. The identified factors are organized around five capital spheres: economic, human, social, physical and natural. Given that these five spheres are not watertight compartments, but rather that their limits are diffuse and there are multiple interactions between them, we try to highlight their interrelationships through System Thinking based on the design of causal loop diagrams. The results can help policy makers and CRE projects’ promoters in the design of effective policies and strategies to foster the development of CRE in rural areas of developed countries.

Keywords: Community Renewable Energy; rural entrepreneurship; renewable energy technologies; systematic literature review; causal-loop diagrams (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (2)

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