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Understanding the Dynamics of the Renewable Energy Transition: A Determinant Index Approach

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  • Fatih Yilmaz

    (King Abdullah Petroleum Studies and Research Center)

Abstract

Renewable energy is a key component of global energy transitions. To better identify its dynamics, this study constructs a composite index to measure countries’ renewable energy transition potential. Based on two decades of academic research, we identify 45 main enabling factors of the renewable energy transition. We classify these factors into seven subindices: economic factors, financial development, human capital, energy access, energy security, environmental sustainability and institutional infrastructure. We then aggregate the subindices into a composite index, which we call the renewable energy transition potential index. This index and its subindices are available for 149 countries for the period from 1990 to 2018.

Suggested Citation

  • Fatih Yilmaz, 2022. "Understanding the Dynamics of the Renewable Energy Transition: A Determinant Index Approach," Methodology Papers ks--2021-mp03, King Abdullah Petroleum Studies and Research Center.
    • Handle: RePEc:prc:mpaper:ks--2021-mp03
    DOI: 10.30573/KS--2021-MP03
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    Keywords

    Battery storage; Benefits of electricity trade; Business models; Climate change;
    All these keywords.

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