IDEAS home Printed from https://ideas.repec.org/a/eee/appene/v376y2024ipbs0306261924017148.html
   My bibliography  Save this article

Policy design for renewable energy development based on government support: A system dynamics model

Author

Listed:
  • Hashemizadeh, Ali
  • Ju, Yanbing
  • Abadi, Faezeh Zareian Baghdad

Abstract

Energy's centrality to life, work, and progress underscores its indispensable role in modern society. However, burgeoning energy consumption and finite resources have prompted concerns regarding resource sustainability. Consequently, renewable energy sources have gained prominence as alternatives, integral to societal advancement. Therefore, with the increase in the price of fossil fuels and its limitations and the attention to renewable energies, in this research, we decided to study the implementation processes of the development of this type of energy about possible future scenarios and possible implementation policies at the time of each scenario. Let's pay Considering the dynamic complexities of this issue over time and the involvement of government sectors in policy discussions and private sectors in the implementation and participation of these two groups simultaneously, using dynamic system modeling to design a dynamic model that economic aspects, technical, political and environmental aspects should be evaluated simultaneously in a causal-disability manner. To implement this model, two scenarios of government support and non-support for this industry were taken into consideration, and in each scenario two policies of workforce training and technology import for the use of private sector managers and in the best scenario two policies of tax exemption and reduction of technology import tariff for Government decision-making was reviewed. The results showed that when this industry enjoys government support, the speed of development of renewable energy projects can be greatly increased by importing equipment. Without governmental backing, expedited progress is achievable through skilled labor training and employment. Tax exemptions are the most effective policy tool for stimulating renewable energy project processes, production, and sales. The findings underscore the pivotal role of strategic governmental intervention in facilitating renewable energy development, which is essential for meeting energy demands while mitigating environmental impact.

Suggested Citation

  • Hashemizadeh, Ali & Ju, Yanbing & Abadi, Faezeh Zareian Baghdad, 2024. "Policy design for renewable energy development based on government support: A system dynamics model," Applied Energy, Elsevier, vol. 376(PB).
    • Handle: RePEc:eee:appene:v:376:y:2024:i:pb:s0306261924017148
    DOI: 10.1016/j.apenergy.2024.124331
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0306261924017148
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.apenergy.2024.124331?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

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


    Cited by:

    1. Sanjay B. Singh & Talal H. Alsabhan & Reem Alshagri, 2024. "Evaluating the Policy Implications of Renewable Portfolio Standards on Grid Reliability in the United States: An Instrumental Variable Quantile Analysis," Energies, MDPI, vol. 17(23), pages 1-22, December.
    2. Xiaoliang Xu, 2024. "Impacts on Regional Growth and “Resource Curse” of China’s Energy Consumption “Dual Control” Policy," Energies, MDPI, vol. 17(21), pages 1-18, October.
    3. Kwaku Addai & Souha Hanna Al Geitany & Seyed Alireza Athari & Panteha Farmanesh & Dervis Kirikkaleli & Chafic Saliba, 2024. "Do Environmental Tax and Energy Matter for Environmental Degradation in the UK? Evidence from Novel Fourier-Based Estimators," Energies, MDPI, vol. 17(22), pages 1-18, November.

    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:eee:appene:v:376:y:2024:i:pb:s0306261924017148. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/405891/description#description .

    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.