Document Type
Journal Article
Publication Title
Technological Forecasting and Social Change
Volume
185
Publisher
Elsevier
School
School of Business and Law
RAS ID
52682
Abstract
Arising from the recent COP26 climate change conference, many governments have emphasised carbon neutrality targets for environmental sustainability by increasing renewable energy efficiency. This study develops a common set of weights (CSW) model for the additive model in data envelopment analysis using goal programming to analyse the energy efficiency of the Organisation for Economic Co-operation and Development (OECD) countries. The CSW model, which has better discrimination power, places Iceland as the most renewable energy-efficient member country in the OECD, followed by Luxemburg and Norway. Our findings suggest that OECD countries should increase their renewable energy consumption and reduce municipal waste and CO2 emissions. Investment subsidies should be provided to support the development and adoption of energy-efficient technologies and promote awareness in the community and industry to improve the efficiency of renewable energy to combat climate change.
DOI
10.1016/j.techfore.2022.122072
Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.
Comments
This is an Author's Accepted Manuscript of: Mavi, R. K., Mavi, N. K., Saen, R. F., & Goh, M. (2022). Common weights analysis of renewable energy efficiency of OECD countries. Technological Forecasting and Social Change, 185, Article 122072.
https://doi.org/10.1016/j.techfore.2022.122072