Measuring public acceptance on renewable energy (RE) development in Malaysia using ordered probit model

Zainudin, Wan Nur Rahini Aznie Bt; Ishak, W. W. Mohamad

doi:10.1088/1742-6596/890/1/012137

Cited by 5 publications

(4 citation statements)

References 13 publications

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“…Based on the overall findings, four variables which were age, financial knowledge and management, future expectation, and social influences were statistically significant, and could be considered as the factors of retirement savings decisions. Although, the coefficient of regression could not be directly interpreted, the sign of the coefficient, either positive or negative sign, could reveal the direction of a change in the dependent variable (retirement savings decision) to the explanatory variables as in the model ( 2) [16].…”

Section: Resultsmentioning

confidence: 99%

Statistical Analyses on Factors Affecting Retirement Savings Decision in Malaysia

Shariff¹,

Ishak²

2021

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Retirement savings decision is related to the individual judgment on savings planning, and preparation for the retirement. Several factors may affect this decision towards retirement savings. Some of them are demographic factors and other determinants, such as financial knowledge and management, future expectation, social influences and risk tolerance. Due to this interest, this study aims to impact of such factors on retirement savings decision. Furthermore, this study will also discuss the retirement savings decision among Malaysians at different age groups. The data were collected through a survey strategy by using a set of questionnaires. The questions were divided into several sections on the demographic profile, Likert-scale questions on the factors, and the retirement savings decisions. The technique sampling used in this study is a random sampling with 385 respondents. As such, several statistical procedures will be utilized such as the reliability test, Kruskal-Wallis H test, and the ordered probit model. The results of this study found that age, financial knowledge and management, future expectation, and social influences were the significant determinants towards retirement savings decision in Malaysia.

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Section: Resultsmentioning

confidence: 99%

Statistical Analyses on Factors Affecting Retirement Savings Decision in Malaysia

Shariff¹,

Ishak²

2021

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“…Therefore, the literature on econometric analysis of RES has been characterized by an economic approach, in which the energy policies implemented to promote investment in these types of alternative energies [63,73,77,106] have been evaluated in the context of efforts to reduce CO2 emissions [57,60,127] and the conditions for achieving a sustainable development path [125,127,139,152,154,158,161]. In addition, it should be noted that the most commonly used econometric methodology has been panel data modelling [57,66,75,87,103,106,116,126,139,143,155,158,163] which has been applied preferentially to the case of electrical energy [27,57,60,73,75,77,81,117,152,153,161,162]. Likewise, the most frequently studied RES technology has been wind power [33,[36][37][38][39]…”

Section: Resultsmentioning

confidence: 99%

Econometric Studies on the Development of Renewable Energy Sources to Support the European Union 2020–2030 Climate and Energy Framework: A Critical Appraisal

et al. 2020

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One of the key objectives of the European Union is the transition to a total decarbonization of the economy by 2050. Within this strategic framework, the renewable energy development target plays a key role. This renewable energy deployment must be translated into national and European Union realities through specific political decisions. The econometric analysis techniques have the capacity to represent, in a mathematical and objective way, the system of relations comprising the economic, technical, and political factors that contribute to the deployment of renewable energy, and the impact that such an investment in renewable energy has at an economic, environmental, and social level. Therefore, econometric studies have a high potential to support policymakers who have to translate the guidelines of the strategic plan for renewable energy deployment into concrete policies. This article analyzed the capacity of the econometric literature on renewable energy development to provide this support, by means of a bibliometric study carried out on a sample of 153 documents related to 1329 keywords. The results show that, in general, there is a large literature based on econometric methodology to support the different renewable energy guidelines provided by the European Union 2020–2030 climate and energy strategic framework.

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“…Security and reliability of RETs as a source of energy [9,11,17,19,20,[33][34][35][36][37][38] The adoption of RETs stimulates local investments and supports job creation [9,34,35,39] The adoption of RETs reduces the consumption of fossil fuel [16,33,36,39] The adoption of RETs will reduce environmental impact and climate change [9,[16][17][18]21,33,35,36,[40][41][42][43][44][45][46] The adoption of RETs reduces the load and consumption of public electricity utilities [20,40] Initial cost of owning and installing RETs [9,11,12 Cost of RET maintenance and after-sales support [9,14,17,36,55,56] Localization of RET manufacturing industry [11,13,…”

Section: Factors Affecting Public Willingness To Adopt Rets Referencesmentioning

confidence: 99%

“…The study showed that before the accident, the public considered the cost of RETs as their main relevant factor, whereas after the accident, public attitude towards RETs became the main relevant consideration. In 2009, the Malaysian government publicized the National Renewable Energy Policy and Action Plan to support and increase the development of renewable energies [18]. Unfortunately, the lack of public awareness and acceptance of renewable energy in Malaysia were the reasons for the adoption of renewable energy remaining in the early stages.…”

Section: Introductionmentioning

confidence: 99%

Factors Affecting Public Willingness to Adopt Renewable Energy Technologies: An Exploratory Analysis

Makki

Mosly

2020

Sustainability

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Renewable energy has become an important element of today’s modern technology targeting high-efficiency energy production. As part of its 2030 Vision, Saudi Arabia is aiming to increase its energy production through renewable sources. The purpose of this research study is to explore the factors affecting public willingness to adopt renewable energy technologies in the western region of Saudi Arabia. This was achieved through an extensive literature review of previous studies conducted worldwide and resulted in the extraction of 19 factors that affect public willingness to adopt renewable energy technologies. Following a quantitative research design, random cross-sectional data of 416 participants using the extracted factors were collected via an online questionnaire survey. Following a dimension reduction statistical approach, key components were extracted with exploratory factor analysis using principal component analysis. Five main components clustering the 19 extracted factors were revealed: cost and government regulations and policies, public awareness and local market, environment and public infrastructure, residential building, and renewable energy technology systems. The implications of this research study assist in guiding governments, regulations and policy makers, marketing agencies, and investors to better understand the concerns and enablers of renewable energy technologies adoption from the public perspective.

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Measuring public acceptance on renewable energy (RE) development in Malaysia using ordered probit model

Cited by 5 publications

References 13 publications

Statistical Analyses on Factors Affecting Retirement Savings Decision in Malaysia

Statistical Analyses on Factors Affecting Retirement Savings Decision in Malaysia

Econometric Studies on the Development of Renewable Energy Sources to Support the European Union 2020–2030 Climate and Energy Framework: A Critical Appraisal

Factors Affecting Public Willingness to Adopt Renewable Energy Technologies: An Exploratory Analysis

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