Energy Reports (Nov 2023)
An assessment of renewable energy development in Belt and Road Initiative countries: An entropy and TOPSIS approach
Abstract
The development of renewable energy is a significant global factor in the achievement of a green economic recovery after the epidemic, and to enhance sustainable social development in the future. However, the Belt and Road Initiative (BRI) countries are experiencing regional differences in renewable energy development owing to the different economic and social levels. It is of theoretical and practical significance to assess the situation of renewable energy development in BRI countries, in order to identify the advantages and disadvantages of renewable energy development and to enhance energy cooperation between countries. In this paper, a multidimensional assessment for BRI countries (47 countries/regions across Asia, Europe, Africa, the Americas, and Oceania) was carried out based on empirical data, (including institutional, economic, technological, energy and environmental facets). The Entropy Weight Method and the Technique for Order Preference by Similarity to an Ideal Solution (TOPSIS) were selected to assess the level of renewable energy development in BRI countries during the period 2009–2017. The results demonstrated that BRI countries/regions had a low overall level of renewable energy development during the study period, but a stable and rising development trend was identifiable. For example, certain countries/regions (e.g. Mainland China, Indonesia, Pakistan, Russia, South Africa and New Zealand) experienced significant growth during the period. When analyzed by continents, the Americas and Oceania had the highest level of renewable energy development, followed by Europe, with Asia and Africa ranking lowest. Europe and Oceania’s notable advantages in “institutional and economic facets” were primarily as a result of the enhanced governance capability and superior economic development. The superior maturity of renewable energy technology in the Americas and Oceania contributes to the superior performance in the “technological facet”. The countries with superior development in the “energy and environmental facets” are located in Asia, Oceania and Europe.
