Determinants for the diffusion of renewable energy technologies - framework for assessing major factors in investors' decision-making processes Online publication date: Wed, 18-Mar-2015
by Inga Boie; Mario Ragwitz; Anne Held
International Journal of Decision Support Systems (IJDSS), Vol. 1, No. 2, 2015
Abstract: Broad deployment of renewable energy (RE) technologies is a primary objective of the European climate strategy. All European member states developed policy strategies and financial support mechanisms for renewable electricity. However, apart from the remuneration scheme, non-economic and regulatory factors influence market diffusion of RE-technologies. Diffusion results from decisions of individual actors and their perceptions of market attractiveness. Therefore, understanding the basic determinants governing their decisions is crucial to anticipate diffusion processes under given framework conditions and to develop policy tools pinpointing the essential factors and enabling RE-deployment cost- and time-efficiently. We propose a robust set of determinants for RE-diffusion and suggest respective data sources allowing for objective assessment of framework conditions on country level. Results are based on literature research, interviews and expert workshops. They are utilisable as input for construction of benchmarking tools (composite indicators) and energy economic modelling (diffusion models) and provide a sound basis for evaluation of RE-regulations and efficient policy design.
Online publication date: Wed, 18-Mar-2015
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Decision Support Systems (IJDSS):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email email@example.com