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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
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    References listed on IDEAS

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    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.
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    Cited by:

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    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.

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    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

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