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Nudging International Sustainable Practices Confirmed with Renewable Energy Consumption

Author

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  • Suman Gupta

    (Department of Economics and Finance, Birla Institute of Technology Pilani, K.K. Birla Goa Campus, Zuarinagar, Goa, India.)

Abstract

The study explores the resemblance of the countries based on renewable energy consumption (% of total energy consumption). A simplistic clustering approach is applied to implement the segmentation using the gap statistic method. The paper deals with the comparability of countries from the perspective of income level and geographical distribution. The clustering-based results reveal that the values of most mean clusters representing major economies have deteriorated over the past few years. The High and Upper-middle income countries are found to be not following sustainable practices, while Low and Lower-middle income countries are relying much on renewable energy consumption. The outcome is also presented as clusters for geographical distribution and a cross-section distribution of Income level-Region for all economies sampled. The study may assist in policy-making in the wake of the global clean energy transition.

Suggested Citation

  • Suman Gupta, 2023. "Nudging International Sustainable Practices Confirmed with Renewable Energy Consumption," International Journal of Energy Economics and Policy, Econjournals, vol. 13(6), pages 494-503, November.
  • Handle: RePEc:eco:journ2:2023-06-51
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    References listed on IDEAS

    as
    1. Elżbieta Kacperska & Katarzyna Łukasiewicz & Piotr Pietrzak, 2021. "Use of Renewable Energy Sources in the European Union and the Visegrad Group Countries—Results of Cluster Analysis," Energies, MDPI, vol. 14(18), pages 1-17, September.
    2. Bhattacharya, Mita & Inekwe, John Nkwoma & Sadorsky, Perry & Saha, Anjan, 2018. "Convergence of energy productivity across Indian states and territories," Energy Economics, Elsevier, vol. 74(C), pages 427-440.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Renewable Energy; Sustainable Practice; Clustering; Energy Transition;
    All these keywords.

    JEL classification:

    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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