Policy-making for renewable energy sources in search of sustainable development: a hybrid DEA-FBWM approach

Kolagar, Milad; Hosseini, Seyed Mohammad Hassan; Felegari, Ramin

doi:10.1007/s10669-019-09747-x

Cited by 27 publications

(31 citation statements)

References 106 publications

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“…Benchmark for the RE alternatives and strategic policy recommendation for future investment into RE systems for individual countries is needed to enhance efficiency. To estimate efficiency and productivity of the RE alternatives, this study used data envelopment analysis (DEA) models and Malmquist productivity index that are widely used in applied energy literature [10,11]. The major types of RE sources are: hydropower, biomass, geothermal, ocean, solar, and wind.…”

Section: Introductionmentioning

confidence: 99%

Dual Efficiency and Productivity Analysis of Renewable Energy Alternatives of OECD Countries

2021

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This paper examines the dual efficiency of bioenergy, renewable hydro energy, solar energy, wind energy, and geothermal energy for selected OECD countries through an integrated model with energy, economic, environmental, and social dimensions. Two questions are explored: Which renewable energy alternative is more dual efficient and productive? Which renewable energy alternative is best for a particular country? Data envelopment analysis (DEA) is used for the efficiency evaluation, and the global Malmquist productivity index is applied for productivity analysis. Results indicate bioenergy as the most efficient renewable energy alternative with a 20% increase in average efficiency in 2016 compared to 2012. Renewable hydro energy, wind energy, and solar energy show a 17.5%, 16%, and 11% increase, respectively. The average efficiency growth across all renewable energy alternatives signifies major advancement. Country performance in renewable energy is non-monolithic; therefore, they should customize their renewable energy portfolio accordingly to their strengths to enhance renewable energy efficiency. Renewable hydro appears to have the most positive productivity change in 2016 compared to 2012, while solar energy regressed in productivity due to its scale inefficiency. All renewable energy alternatives have relatively equal average pure efficiency change. The positive trend in efficiency and productivity provides an incentive for policy makers to pursue further development of renewable energy technologies with a focus on improving scale efficiency.

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Section: Introductionmentioning

confidence: 99%

Dual Efficiency and Productivity Analysis of Renewable Energy Alternatives of OECD Countries

2021

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“…According to its strategy, the European Union tried to cover 20% of energy consumption from renewable sources until 2020, a concept which carried both environmental and economic reasoning [30], in order to reach a long-term sustainable development [31]. The target was set between member states of the EU by means of national action plans.…”

Section: Methodology Of the Researchmentioning

confidence: 99%

The Evolution of the Romanian Renewable Energy Market: A Critical Assessment

Marinescu¹

2021

Advances in Energy Research

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This research assesses the evolution of the renewable energy market in Romania. Attracted by a generous support scheme, foreign and domestic investors flocked to the market. Subsequently, the sector witnessed remarkable progress, especially in the wind power category. Romania closed in rapidly on the national target set by the European Union concerning the share of the country's energy consumption from renewable sources. However, frequent changes in the support scheme and in the regulations issued by public authorities led to chaos. The aim of the paper is to emphasize the evolution of renewable energy policy in Romania, to investigate the incentives and their effects, and to critically assess the impact of the changes on renewable energy producers. It highlights, by means of an exploratory study and several interviews with executives of renewable energy companies, the challenges and shortcomings of policymaking. The main finding is that the revision of the subsidy scheme and the changes in energy policy that followed are the major determinants for the declining financial performance of renewable energy producers. Some recommendations for improved policymaking so as to reestablish the trust of investors and to foster the sustainable development of the energy sector are suggested in the final part.

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“…According to its strategy, the European Union tried to cover 20% of energy consumption from renewable sources until 2020, a concept which carried both environmental and economic reasoning [28], in order to reach a long-term sustainable development [29]. The target was set between member states of the EU by means of national action plans.…”

Section: Methodsmentioning

confidence: 99%

Changes in Renewable Energy Policy and Their Implications: The Case of Romanian Producers

Marinescu

2020

Energies

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This paper analyzes the impact of policy changes on the Romanian renewable energy producers. Attracted by a generous subsidy scheme, foreign and domestic investors flocked to the market. Consequently, the sector witnessed remarkable progress, especially in the wind power category. Romania fast approached the national target set by the European Union concerning the share of the country’s energy consumption from renewable sources. However, frequent changes in the support scheme and in the regulations issued by public authorities led to chaos. The aim of the paper was to emphasize the evolution of renewable energy policy in Romania, to investigate the incentives and their effects, and to critically assess the impact of the changes on renewable energy producers. It highlights, by means of an exploratory study and several interviews with executives of renewable energy companies, the challenges and shortcomings of policymaking. The main finding was that the revision of the subsidy scheme and the changes in energy policy that followed are the major determinants for the declining financial performance of renewable energy producers. Subsequently, some recommendations for improved policymaking are suggested, so as to re-establish the trust of investors and to promote the sustainable development of the sector.

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Policy-making for renewable energy sources in search of sustainable development: a hybrid DEA-FBWM approach

Cited by 27 publications

References 106 publications

Dual Efficiency and Productivity Analysis of Renewable Energy Alternatives of OECD Countries

Dual Efficiency and Productivity Analysis of Renewable Energy Alternatives of OECD Countries

The Evolution of the Romanian Renewable Energy Market: A Critical Assessment

Changes in Renewable Energy Policy and Their Implications: The Case of Romanian Producers

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