Technological innovation to achieve sustainable development—Renewable energy technologies diffusion in developing countries

Abstract

There is no dispute about the importance of speeding up the development, spread, and implementation of renewable energy technologies (RETs). RETs are the best means to address the current wasteful and dangerous effects of existing energy systems. In addition to the environmental aspects, the renewable energy industry is an exciting opportunity for investment. Nations that embrace the value of reinforcing renewables infrastructures will achieve competitive advantages in the worldwide marketplace. To accomplish that, however, one needs insight into the elements that make renewable energy development and diffusion move slowly. A variety of reasons causes the slow spread, but we would like to address the barriers from the economic theory perspective. Then, we will scrutinize the specific elements of the developing countries market that make the diffusion move slowly. We believe that by examining the factors that result in market failure and by taking into account the specific characteristics of the renewables industry, especially in developing countries, governments can enable their national infant market to be a competitor in the worldwide marketplace. To study the reason for the slow diffusion of RETs in developing countries, we need to examine the facts through the lens of the innovation system. The innovation ecosystem takes into account the socioeconomic factors that shape the capability for innovation in each specific country. This paper peered a meaningful link between innovation systems and the problem of poverty and inequality through a well‐researched and planned innovation system.

An ergonomic approach to sustainable development: The role of information environment and social‐psychological variables in the adoption of agri‐environmental innovations

“…Homophily is the degree to which a pair of individuals who communicate are similar, whereas heterophily is the degree to which pairs of individuals who interact are different in certain attributes. In the diffusion of innovation, the participants are usually quite heterophilous (a consultant, for instance, is more technically competent than his or her clients), and this information asymmetry (Tabrizian, ) frequently leads to ineffective communication because the two individuals do not speak the same language. However, when two individuals are identical regarding their technical grasp of an innovation, diffusion cannot occur, as there is no new information to exchange.…”

Toward achieving environmental sustainability target in Organization for Economic Cooperation and Development countries: The role of real income, research and development, and transport infrastructure

“…However, sustainable development has remained the key focus in the last two decades (Danish & Wang, ). Several studies have determined the relation of sustainable development with different factors including environmental policy and renewable energy (Fotis & Polemis, ); human development (S. A. Asongu & Odhiambo, ); natural capital utilization (Hou, Liu, & Zhang, ); technological innovation (Tabrizian, ); information and communication technology (S. A. Asongu & Odhiambo, ), and inclusive development (S. Asongu & Odhiambo, ; Z. Wang, Danish, Zhang, & Wang, ). Also, most studies in the energy–environment literature analyze the relationships among energy consumption, economic growth, and CO 2 emissions.…”

“…A. Asongu & Odhiambo, 2019a); natural capital utilization (Hou, Liu, & Zhang, 2019); technological innovation (Tabrizian, 2019); information and communication technology (S. A. Asongu & Odhiambo, 2019b), and inclusive development (S. Asongu & Odhiambo, 2019;Z.…”

Energy poverty: A macrolevel perspective

“…Second, the results are limited by the conditions that were included in the study. Therefore, future research could add other relevant conditions, for example, microlevel drivers, access to renewable energy technologies, or energy infrastructure, that are also associated with poverty in general (Feliciano, ; Tabrizian, ). Likewise, the socio‐political system is excluded from the analysis, even though it might be an important determinant of energy poverty.…”