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An Overview of the Business Environment Around the Globe Through the Means of the PESTEL Analysis Framework – The Example of the Renewable Energy

Author

Listed:
  • Ivan Dimitrov

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

The international environment is changing at an ever-accelerating pace and there are new challenges facing the global economy on a daily basis. In this paper we will provide a brief overview of the major changes in the international business environment using the PESTEL analysis framework with the help of analysis and synthesis of several previous publications. Additionally, examples are provided in order to show how these changes are affecting the development of renewable energy. As a result of this overview, forecasts are also given for the future impact of renewable energy on the global economy.

Suggested Citation

  • Ivan Dimitrov, 2024. "An Overview of the Business Environment Around the Globe Through the Means of the PESTEL Analysis Framework – The Example of the Renewable Energy," Nauchni trudove, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 197–208-1, May.
    • Handle: RePEc:nwe:natrud:y:2024:i:1:p:197-208
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    More about this item

    Keywords

    global business environment; renewable energy; PESTEL analysis;
    All these keywords.

    JEL classification:

    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies

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