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. 2019 Jan 26;5(1):e01166.
doi: 10.1016/j.heliyon.2019.e01166. eCollection 2019 Jan.

Breaking barriers in deployment of renewable energy

Seetharaman  1 , Krishna Moorthy  2 , Nitin Patwa  3 , Saravanan  4 , Yash Gupta  1
Affiliations

Breaking barriers in deployment of renewable energy

Seetharaman et al. Heliyon. .

Abstract

Several economic, institutional, technical and socio-cultural barriers hinder countries from moving from the high to the low emission pathway. The objective of this research is to find out the impacts of social, economic, technological and regulatory barriers in the deployment of renewable energy. Data were collected through an online questionnaire responded to by 223 professionals working in the energy sector all over the globe. This research shows that social, technological and regulatory barriers have a strong influence on the deployment of renewable energy, while economic barriers significantly influence it indirectly. By breaking research and development-related barriers, organizations will be able to invest greatly in developing advanced technologies that can optimize usage of renewable energy and make renewable energy appear more lucrative. With less polluting and lower tariff energy solutions being made available to local people, and higher profits for manufacturers, this will create an atmosphere where all stakeholders are satisfied.

Keywords: Business.

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Figures

Fig. 1
Fig. 1
Research framework.
Fig. 2
Fig. 2
Structural modelling through bootstrapping.
Fig. 3
Fig. 3
Social barriers with associated path coefficients.
Fig. 4
Fig. 4
Economic barriers with associated path coefficients.
Fig. 5
Fig. 5
Technological barriers with associated path coefficients.
Fig. 6
Fig. 6
Regulatory barriers with associated path coefficients.
Fig. 7
Fig. 7
Deployment of renewable energy and its path coefficients.
See this image and copyright information in PMC

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