Open AccessUnderstanding the Dynamics of the Renewable Energy Transition: A Determinant Index Approach
Author(s) -
Fatih Yılmaz
Publication year - 2022
Language(s) - English
Resource type - Reports
DOI - 10.30573/ks--2021-mp03
Subject(s) - renewable energy , index (typography) , composite index , energy transition , energy security , sustainability , energy (signal processing) , environmental economics , econometrics , economics , computer science , statistics , ecology , composite indicator , mathematics , medicine , alternative medicine , pathology , world wide web , biology , panacea (medicine)
Renewable energy is a key component of global energy transitions. To better identify its dynamics, this study constructs a composite index to measure countries’ renewable energy transition potential. Based on two decades of academic research, we identify 45 main enabling factors of the renewable energy transition. We classify these factors into seven subindices: economic factors, financial development, human capital, energy access, energy security, environmental sustainability and institutional infrastructure. We then aggregate the subindices into a composite index, which we call the renewable energy transition potential index. This index and its subindices are available for 149 countries for the period from 1990 to 2018.