IDEAS home Printed from https://ideas.repec.org/a/eco/journ2/2020-02-12.html
   My bibliography  Save this article

Reasons for Shifting and Barriers to Renewable Energy: A Literature Review

Author

Listed:
  • Tarek Safwat Kabel

    (Department of Economics and International Studies, University of Buckingham, MK18 1EG, UK,)

  • Mohga Bassim

    (Department of Economics and International Studies, University of Buckingham, MK18 1EG, UK,)

Abstract

Consumption of fossil fuel resources leads to serious economic and environmental issues such as (high fossil fuel subsidies, high carbon emissions, and high energy demand). This current economic situation needs new methods, which should generate sustainable solutions that are mostly independent of the use of fossil fuels. However, there are many barriers to the development of renewable energy. Based on the literature the major barriers to renewable energy are economic, Policy and legal, and technical. A literature review was performed in this paper to determine the reasons for shifting from conventional energy to renewable energy and identifies the barriers to the development of renewable power generation.

Suggested Citation

  • Tarek Safwat Kabel & Mohga Bassim, 2020. "Reasons for Shifting and Barriers to Renewable Energy: A Literature Review," International Journal of Energy Economics and Policy, Econjournals, vol. 10(2), pages 89-94.
  • Handle: RePEc:eco:journ2:2020-02-12
    as

    Download full text from publisher

    File URL: https://www.econjournals.com/index.php/ijeep/article/download/8710/4869
    Download Restriction: no

    File URL: https://www.econjournals.com/index.php/ijeep/article/view/8710/4869
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Mr. David Coady & Ian W.H. Parry & Louis Sears & Baoping Shang, 2015. "How Large Are Global Energy Subsidies?," IMF Working Papers 2015/105, International Monetary Fund.
    2. Radoslaw (Radek) Stefanski, 2014. "Dirty Little Secrets: Inferring Fossil-Fuel Subsidies from Patterns in Emission Intensities," OxCarre Working Papers 134, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    3. Amjad Ali & Wuhua Li & Rashid Hussain & Xiangning He & Barry W. Williams & Abdul Hameed Memon, 2017. "Overview of Current Microgrid Policies, Incentives and Barriers in the European Union, United States and China," Sustainability, MDPI, vol. 9(7), pages 1-28, June.
    4. Dieter Helm, 2016. "The future of fossil fuels—is it the end?," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 32(2), pages 191-205.
    5. Shafiee, Shahriar & Topal, Erkan, 2009. "When will fossil fuel reserves be diminished?," Energy Policy, Elsevier, vol. 37(1), pages 181-189, January.
    6. Unknown, 2016. "Energy for Sustainable Development," Conference Proceedings 253270, Guru Arjan Dev Institute of Development Studies (IDSAsr).
    7. Rahul Anand & Mr. David Coady & Mr. Adil Mohommad & Mr. Vimal V Thakoor & Mr. James P Walsh, 2013. "The Fiscal and Welfare Impacts of Reforming Fuel Subsidies in India," IMF Working Papers 2013/128, International Monetary Fund.
    8. Claudio Agostini & Shahriyar Nasirov & Carlos Silva, 2015. "Assessment of Barriers and Opportunities for Renewable Energy Development in Chile," Working Papers wp_045, Adolfo Ibáñez University, School of Government.
    9. Reddy, Sudhakar & Painuly, J.P, 2004. "Diffusion of renewable energy technologies—barriers and stakeholders’ perspectives," Renewable Energy, Elsevier, vol. 29(9), pages 1431-1447.
    10. Wüstenhagen, Rolf & Menichetti, Emanuela, 2012. "Strategic choices for renewable energy investment: Conceptual framework and opportunities for further research," Energy Policy, Elsevier, vol. 40(C), pages 1-10.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Violeta Mihaela Dinca & Simona Moagar-Poladian & Tanase Stamule & Puiu Nistoreanu, 2023. "The REPowerEU Plan and the Transition to Green Energy in Romania," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 25(64), pages 676-676, August.
    2. Muntasir Murshed & Mohamed Elheddad & Rizwan Ahmed & Mohga Bassim & Ei Thuzar Than, 2022. "Foreign Direct Investments, Renewable Electricity Output, and Ecological Footprints: Do Financial Globalization Facilitate Renewable Energy Transition and Environmental Welfare in Bangladesh?," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 29(1), pages 33-78, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Biatna Dulbert Tampubolon & Ajun Tri Setyoko, 2019. "Controlling Policies on Fossil Fuels Subsidies to Overcome Climate Change," Energy Economics Letters, Asian Economic and Social Society, vol. 6(1), pages 1-16, March.
    2. Rajvikram Madurai Elavarasan & G. M. Shafiullah & Nallapaneni Manoj Kumar & Sanjeevikumar Padmanaban, 2019. "A State-of-the-Art Review on the Drive of Renewables in Gujarat, State of India: Present Situation, Barriers and Future Initiatives," Energies, MDPI, vol. 13(1), pages 1-30, December.
    3. Neil McCulloch, 2017. "Energy subsidies, international aid, and the politics of reform," WIDER Working Paper Series wp-2017-174, World Institute for Development Economic Research (UNU-WIDER).
    4. Ronita Bardhan & Ramit Debnath & Arnab Jana, 2019. "Evolution of sustainable energy policies in India since 1947: A review," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 8(5), September.
    5. Luka Perković & Domagoj Leko & Amalia Lekić Brettschneider & Hrvoje Mikulčić & Petar S. Varbanov, 2021. "Integration of Photovoltaic Electricity with Shallow Geothermal Systems for Residential Microgrids: Proof of Concept and Techno-Economic Analysis with RES2GEO Model," Energies, MDPI, vol. 14(7), pages 1-21, March.
    6. Sunil Indora & Tara C. Kandpal, 2020. "Solar energy for institutional cooking in India: prospects and potential," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(8), pages 7153-7175, December.
    7. Chen, Xia & Fu, Qiang & Chang, Chun-Ping, 2021. "What are the shocks of climate change on clean energy investment: A diversified exploration," Energy Economics, Elsevier, vol. 95(C).
    8. Dalia Streimikiene & Tomas Baležentis & Artiom Volkov & Mangirdas Morkūnas & Agnė Žičkienė & Justas Streimikis, 2021. "Barriers and Drivers of Renewable Energy Penetration in Rural Areas," Energies, MDPI, vol. 14(20), pages 1-28, October.
    9. Jun Rentschler & Morgan Bazilian, 2017. "Policy Monitor—Principles for Designing Effective Fossil Fuel Subsidy Reforms," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 11(1), pages 138-155.
    10. Avri Eitan & Gillad Rosen & Lior Herman & Itay Fishhendler, 2020. "Renewable Energy Entrepreneurs: A Conceptual Framework," Energies, MDPI, vol. 13(10), pages 1-23, May.
    11. Nihit Goyal, 2021. "Limited Demand or Unreliable Supply? A Bibliometric Review and Computational Text Analysis of Research on Energy Policy in India," Sustainability, MDPI, vol. 13(23), pages 1-23, December.
    12. Nils Ohlendorf & Michael Jakob & Jan Christoph Minx & Carsten Schröder & Jan Christoph Steckel, 2018. "Distributional Impacts of Climate Mitigation Policies - a Meta-Analysis," Discussion Papers of DIW Berlin 1776, DIW Berlin, German Institute for Economic Research.
    13. Jun E Rentschler & Nobuhiro Hosoe, 2017. "Illicit dealings: Fossil fuel subsidy reforms and the role of tax evasion and smuggling," GRIPS Discussion Papers 17-05, National Graduate Institute for Policy Studies.
    14. McCulloch, Neil & Moerenhout, Tom & Yang, Joonseok, 2021. "Fuel subsidy reform and the social contract in Nigeria: A micro-economic analysis," Energy Policy, Elsevier, vol. 156(C).
    15. Bak, Céline & Bhattacharya, Amar & Edenhofer, Ottmar & Knopf, Brigitte, 2017. "Towards a comprehensive approach to climate policy, sustainable infrastructure, and finance," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 11, pages 1-13.
    16. Neil McCulloch, 2017. "Energy subsidies, international aid, and the politics of reform," WIDER Working Paper Series 174, World Institute for Development Economic Research (UNU-WIDER).
    17. Gabriel, Cle-Anne, 2016. "What is challenging renewable energy entrepreneurs in developing countries?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 64(C), pages 362-371.
    18. Kirsi Kotilainen & Ulla A. Saari, 2018. "Policy Influence on Consumers’ Evolution into Prosumers—Empirical Findings from an Exploratory Survey in Europe," Sustainability, MDPI, vol. 10(1), pages 1-22, January.
    19. Sarah Feron, 2016. "Sustainability of Off-Grid Photovoltaic Systems for Rural Electrification in Developing Countries: A Review," Sustainability, MDPI, vol. 8(12), pages 1-26, December.
    20. Krupa, Joel & Poudineh, Rahmatallah & Harvey, L.D. Danny, 2019. "Renewable electricity finance in the resource-rich countries of the Middle East and North Africa: A case study on the Gulf Cooperation Council," Energy, Elsevier, vol. 166(C), pages 1047-1062.

    More about this item

    Keywords

    renewable energy; fossil fuels; energy subsidies; CO emissions; capital cost.;
    All these keywords.

    JEL classification:

    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ2:2020-02-12. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.