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An interval‐valued composite indicator for energy efficiency and green entrepreneurship

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  • Carlo Drago
  • Andrea Gatto

Abstract

Promoting energy‐efficient technologies can support green entrepreneurship via innovation creation. Energy efficiency policies and practices can promote cleaner productions and consumptions and environmental‐friendly lifestyles in light of green growth goals. The foreseen strategy is twofold: it entails fostering energy‐efficient technologies and supporting sustainable entrepreneurship. The work aims to measure energy efficiency by consistently constructing a new interval‐based composite indicator using the World Bank's RISE database. The methodological approach employed is based on a Monte‐Carlo simulation and offers the advantage of internalizing the variation of its outputs. Examining the sorting ranking, we find a positive relationship between energy efficiency and entrepreneurship by identifying some countries exhibiting high density in these two variables—e.g. Australia and the United Kingdom. We scrutinize innovative perspectives and propose policy recommendations projecting speculative scenarios based on different governance strategies to support sustainable entrepreneurial ecosystems. The prospects are worthy for depicting key industrial environmental strategies.

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  • Carlo Drago & Andrea Gatto, 2022. "An interval‐valued composite indicator for energy efficiency and green entrepreneurship," Business Strategy and the Environment, Wiley Blackwell, vol. 31(5), pages 2107-2126, July.
    • Handle: RePEc:bla:bstrat:v:31:y:2022:i:5:p:2107-2126
    DOI: 10.1002/bse.3010
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    2. Gatto, Andrea & Drago, Carlo & Panarello, Demetrio & Aldieri, Luigi, 2023. "Energy transition in China: Assessing progress in sustainable development and resilience directions," International Economics, Elsevier, vol. 176(C).
    3. Drago, Carlo & Gatto, Andrea, 2022. "Policy, regulation effectiveness, and sustainability in the energy sector: A worldwide interval-based composite indicator," Energy Policy, Elsevier, vol. 167(C).
    4. Radha Yadav & Dharmendra Kumar & Anil Kumar & Sunil Luthra, 2023. "How does anticipatory trauma reaction and climate‐friendly behaviour make an affect at the individual level? The role of social norms and self‐efficacy," Business Strategy and the Environment, Wiley Blackwell, vol. 32(7), pages 4028-4045, November.
    5. Marek Walesiak & Grażyna Dehnel, 2023. "A Measurement of Social Cohesion in Poland’s NUTS2 Regions in the Period 2010–2019 by Applying Dynamic Relative Taxonomy to Interval-Valued Data," Sustainability, MDPI, vol. 15(4), pages 1-21, February.
    6. Panarello, Demetrio & Gatto, Andrea, 2023. "Decarbonising Europe – EU citizens’ perception of renewable energy transition amidst the European Green Deal," Energy Policy, Elsevier, vol. 172(C).

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