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Boosting Renewable Energy Technology Uptake in Ireland: A Machine Learning Approach

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  • Sanghamitra Mukherjee

Abstract

This study explores the impact of socio-demographic, behavioural, and built-environment characteristics on residential renewable energy technology adoption. It provides new insights on factors influencing uptake using nearest neighbour and random forest machine learning models at a granular spatial scale. Being computationally inexpensive and having good classification performance, these models serve as useful baseline prediction tools. Data is sourced from an Irish survey of consumer perceptions of three key technologies – electric vehicles, solar photovoltaic panels, and heat pumps – and general attitudes towards sustainability, innovation, risk, and time. We demonstrate that utility bills, residence period, attitudes to sustainability, satisfaction with household heating, and perceptions of hassle have the biggest influence on current uptake. Urban areas, typically having better access to information and resources, are likely to see the biggest uptake first. Additionally, compatibility of household infrastructure, technical interest, and social approval are the most important predictors of potential uptake. These results may inform policy in other early adopter markets as well. Overall, policy makers must be cognisant of the stage of adoption their country is currently at. Accordingly, a holistic approach to tackling low adoption must include measures that not only enhance adoption capabilities via rebates and financial measures, but also support the opportunity and intent to purchase such technologies.

Suggested Citation

  • Sanghamitra Mukherjee, 2020. "Boosting Renewable Energy Technology Uptake in Ireland: A Machine Learning Approach," Working Papers 202027, School of Economics, University College Dublin.
  • Handle: RePEc:ucn:wpaper:202027
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    File URL: http://hdl.handle.net/10197/11647
    File Function: First version, 2020
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    References listed on IDEAS

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    1. Mukherjee, Sanghamitra Chattopadhyay & Ryan, Lisa, 2020. "Factors influencing early battery electric vehicle adoption in Ireland," Renewable and Sustainable Energy Reviews, Elsevier, vol. 118(C).
    2. Allan, Corey & Jaffe, Adam B. & Sin, Isabelle, 2014. "Diffusion of Green Technology: A Survey," International Review of Environmental and Resource Economics, now publishers, vol. 7(1), pages 1-33, April.
    3. J Vernon Henderson & Tim Squires & Adam Storeygard & David Weil, 2018. "The Global Distribution of Economic Activity: Nature, History, and the Role of Trade1," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 133(1), pages 357-406.
    4. Sanghamitra Mukherjee & Séin Healy & Tensay Meles & L. (Lisa B.) Ryan & Robert Mooney & Lindsay Sharpe & Paul Hayes, 2020. "Renewable Energy Technology Uptake: Public Preferences and Policy Design in Early Adoption," Working Papers 202004, School of Economics, University College Dublin.
    5. Dmitriev, Mikhail & Comin, Diego & Rossi-Hansberg, Esteban, 2012. "The Spatial Diffusion of Technology," CEPR Discussion Papers 9208, C.E.P.R. Discussion Papers.
    6. Tensay Meles & L. (Lisa B.) Ryan & Sanghamitra Mukherjee, 2019. "Preferences for Renewable Home Heating: A Choice Experiment Study of Heat Pump System in Ireland," Open Access publications 10197/11467, School of Economics, University College Dublin.
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    Cited by:

    1. Sanghamitra Mukherjee, 2021. "A Framework to Measure Regional Disparities in Battery Electric Vehicle Diffusion in Ireland," Working Papers 202119, School of Economics, University College Dublin.

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    More about this item

    Keywords

    Renewable energy technology adoption; Consumer behaviour; Machine learning; Heat pumps; Solar PVs; Electric vehicles;
    All these keywords.

    JEL classification:

    • D1 - Microeconomics - - Household Behavior
    • D9 - Microeconomics - - Micro-Based Behavioral Economics
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

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