Understanding the Dynamics of the Renewable Energy Transition: A Determinant Index Approach

Fatih Yilmaz

Methodology Papers from King Abdullah Petroleum Studies and Research Center

Abstract: Renewable energy is a key component of global energy transitions. To better identify its dynamics, this study constructs a composite index to measure countries’ renewable energy transition potential. Based on two decades of academic research, we identify 45 main enabling factors of the renewable energy transition. We classify these factors into seven subindices: economic factors, financial development, human capital, energy access, energy security, environmental sustainability and institutional infrastructure. We then aggregate the subindices into a composite index, which we call the renewable energy transition potential index. This index and its subindices are available for 149 countries for the period from 1990 to 2018.

Keywords: Battery storage; Benefits of electricity trade; Business models; Climate change (search for similar items in EconPapers)
Pages: 35 pages
Date: 2022-02-28
New Economics Papers: this item is included in nep-ene and nep-env
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Persistent link: https://EconPapers.repec.org/RePEc:prc:mpaper:ks--2021-mp03

DOI: 10.30573/KS--2021-MP03

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