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Defining Optimal Policies for Increasing Renewable Energy Investments: An Analysis on Turkey by DEMATEL Method

Yıl 2022, Cilt: 10 Sayı: 2, 0 - 0, 02.01.2023
https://doi.org/10.52122/nisantasisbd.1122679

Öz

Although renewable energy sources have many advantages, the initial cost to be used is quite high. For instance, a well-equipped and qualified workforce is needed for its design, construction and operation. These issues are also an obstacle to the development of renewable energy projects. Therefore, it is very important to determine the right policies for the development of clean energy projects. In this context, there is a need for a new study that takes into consideration different sets of criteria. The aim of this study is to determine the most appropriate strategy for increasing renewable energy projects in Turkey. In this context, firstly, a comprehensive literature review was conducted, and five different criteria were determined. Then, an analysis was carried out with the DEMATEL method, and the most optimal strategy was determined. The biggest contribution of this study to the literature is the determination of the right policies for the development of clean energy projects, which are important for the sustainable development of countries. As a result, lowering interest rates is the most important criterion for increasing renewable energy investments. Increasing research and development studies is also important in this context. On the other hand, the efficiency of the banking system, the training of qualified personnel and the provision of tax reductions are of lower importance. As a result, it has been determined that policy makers should give priority to interest rate cuts. Thanks to the interest rate reduction, investors have the opportunity to use loans at lower costs. This helps to increase the profitability of these projects. As a result, investors will be willing to turn to this field.

Kaynakça

  • Abba, Z. Y. I., Balta-Ozkan, N., & Hart, P. (2022). A holistic risk management framework for renewable energy investments. Renewable and Sustainable Energy Reviews, 160, 112305.
  • Adebayo, T. S. (2022). Renewable Energy Consumption and Environmental Sustainability in Canada: Does Political Stability Make a Difference?. Environmental Science and Pollution Research, 1-16.
  • Amjith, L. R., & Bavanish, B. (2022). A review on biomass and wind as renewable energy for sustainable environment. Chemosphere, 293, 133579.
  • Bhuiyan, M. A., Dinçer, H., Yüksel, S., Mikhaylov, A., Danish, M. S. S., Pinter, G., ... & Stepanova, D. (2022). Economic indicators and bioenergy supply in developed economies: QROF-DEMATEL and random forest models. Energy Reports, 8, 561-570.
  • Bughneda, A., Salem, M., Nazari, M. A., Ishak, D., Kamarol, M., & Alatai, S. (2022). Resonant Power Converters for Renewable Energy Applications: A Comprehensive Review. Front. Energy Res, 10, 846067.
  • Chen, H., Shi, Y., Xu, M., & Zhao, X. (2022). Investment in renewable energy resources, sustainable financial inclusion and energy efficiency: A case of US economy. Resources Policy, 77, 102680.
  • Dalala, Z., Al-Omari, M., Al-Addous, M., Bdour, M., Al-Khasawneh, Y., & Alkasrawi, M. (2022). Increased renewable energy penetration in national electrical grids constraints and solutions. Energy, 246, 123361.
  • Dinçer, H., Yüksel, S., & Martínez, L. (2022). Collaboration enhanced hybrid fuzzy decision-making approach to analyze the renewable energy investment projects. Energy Reports, 8, 377-389.
  • Dong, W., Zhao, G., Yüksel, S., Dinçer, H., & Ubay, G. G. (2022). A novel hybrid decision making approach for the strategic selection of wind energy projects. Renewable Energy, 185, 321-337.
  • Ehigiamusoe, K. U., & Dogan, E. (2022). The role of interaction effect between renewable energy consumption and real income in carbon emissions: Evidence from low-income countries. Renewable and Sustainable Energy Reviews, 154, 111883.
  • Fell, H., Gilbert, A., Jenkins, J. D., & Mildenberger, M. (2022). Nuclear power and renewable energy are both associated with national decarbonization. Nature Energy, 7(1), 25-29.
  • Gyimah, J., Yao, X., Tachega, M. A., Hayford, I. S., & Opoku-Mensah, E. (2022). Renewable energy consumption and economic growth: New evidence from Ghana. Energy, 248, 123559.
  • Haiyun, C., Zhixiong, H., Yüksel, S., & Dinçer, H. (2021). Analysis of the innovation strategies for green supply chain management in the energy industry using the QFD-based hybrid interval valued intuitionistic fuzzy decision approach. Renewable and Sustainable Energy Reviews, 143, 110844.
  • Hasselqvist, H., Renström, S., Håkansson, M., & Strömberg, H. (2022, April). Exploring Renewable Energy Futures through Household Energy Resilience. In CHI Conference on Human Factors in Computing Systems (pp. 1-18).
  • Juaidi, A., Anayah, F., Assaf, R., Hasan, A. A., Monna, S., Herzallah, L., ... & Jeguirim, M. (2022). An overview of renewable energy strategies and policies in Palestine: Strengths and challenges. Energy for Sustainable Development, 68, 258-272.
  • Kebede, A. A., Kalogiannis, T., Van Mierlo, J., & Berecibar, M. (2022). A comprehensive review of stationary energy storage devices for large scale renewable energy sources grid integration. Renewable and Sustainable Energy Reviews, 159, 112213.
  • Kirikkaleli, D., Güngör, H., & Adebayo, T. S. (2022). Consumption‐based carbon emissions, renewable energy consumption, financial development and economic growth in Chile. Business Strategy and the Environment, 31(3), 1123-1137.
  • Kostis, P., Dinçer, H., & Yüksel, S. (2022). Knowledge-Based Energy Investments of European Economies and Policy Recommendations for Sustainable Development. Journal of the Knowledge Economy, 1-33.
  • Kou, G., Yüksel, S., & Dinçer, H. (2022). Inventive problem-solving map of innovative carbon emission strategies for solar energy-based transportation investment projects. Applied Energy, 311, 118680.
  • Krupnik, S., Wagner, A., Koretskaya, O., Rudek, T. J., Wade, R., Mišík, M., ... & von Wirth, T. (2022). Beyond technology: A research agenda for social sciences and humanities research on renewable energy in Europe. Energy Research & Social Science, 89, 102536.
  • Li, J., Yüksel, S., Dınçer, H., Mikhaylov, A., & Barykin, S. E. (2022). Bipolar q-ROF hybrid decision making model with golden cut for analyzing the levelized cost of renewable energy alternatives. IEEE Access, 10, 42507-42517.
  • Li, W., & Ullah, S. (2022). Research and development intensity and its influence on renewable energy consumption: evidence from selected Asian economies. Environmental Science and Pollution Research, 1-8.
  • Luderer, G., Madeddu, S., Merfort, L., Ueckerdt, F., Pehl, M., Pietzcker, R., ... & Kriegler, E. (2022). Impact of declining renewable energy costs on electrification in low-emission scenarios. Nature Energy, 7(1), 32-42.
  • Mansouri, S. A., Ahmarinejad, A., Nematbakhsh, E., Javadi, M. S., Nezhad, A. E., & Catalão, J. P. (2022). A sustainable framework for multi-microgrids energy management in automated distribution network by considering smart homes and high penetration of renewable energy resources. Energy, 245, 123228.
  • Mujtaba, A., Jena, P. K., Bekun, F. V., & Sahu, P. K. (2022). Symmetric and asymmetric impact of economic growth, capital formation, renewable and non-renewable energy consumption on environment in OECD countries. Renewable and Sustainable Energy Reviews, 160, 112300.
  • Mukhtarov, S., Yüksel, S., & Dinçer, H. (2022). The impact of financial development on renewable energy consumption: Evidence from Turkey. Renewable Energy. Olabi, A. G., & Abdelkareem, M. A. (2022). Renewable energy and climate change. Renewable and Sustainable Energy Reviews, 158, 112111.
  • Rasool, S. F., Chin, T., Wang, M., Asghar, A., Khan, A., & Zhou, L. (2022). Exploring the role of organizational support, and critical success factors on renewable energy projects of Pakistan. Energy, 243, 122765.
  • Rehman, A., Ma, H., Ozturk, I., & Radulescu, M. (2022). Revealing the dynamic effects of fossil fuel energy, nuclear energy, renewable energy, and carbon emissions on Pakistan’s economic growth. Environmental Science and Pollution Research, 1-11.
  • Saleem Jabari, M., Aga, M., & Samour, A. (2022). Financial sector development, external debt, and Turkey’s renewable energy consumption. Plos one, 17(5), e0265684.
  • Samour, A., & Pata, U. K. (2022). The impact of the US interest rate and oil prices on renewable energy in Turkey: a bootstrap ARDL approach. Environmental Science and Pollution Research, 1-10.
  • Singh, U., Rizwan, M., Malik, H., & García Márquez, F. P. (2022). Wind energy scenario, success and initiatives towards renewable energy in India—A review. Energies, 15(6), 2291.
  • Tutak, M., & Brodny, J. (2022). Renewable energy consumption in economic sectors in the EU-27. The impact on economics, environment and conventional energy sources. A 20-year perspective. Journal of Cleaner Production, 345, 131076.
  • Wang, Q., Dong, Z., Li, R., & Wang, L. (2022). Renewable energy and economic growth: new insight from country risks. Energy, 238, 122018.
  • Wu, X., Dinçer, H., & Yüksel, S. (2022). Analysis of crowdfunding platforms for microgrid project investors via a q-rung orthopair fuzzy hybrid decision-making approach. Financial Innovation, 8(1), 1-22.
  • Yüksel, S., & Dinçer, H. (2022). Identifying the strategic priorities of nuclear energy investments using hesitant 2-tuple interval-valued Pythagorean fuzzy DEMATEL. Progress in Nuclear Energy, 145, 104103.
  • Yüksel, S., Dinçer, H., Mikhaylov, A., Adalı, Z., & Eti, S. (2022). Key Issues for the Improvements of Shallow Geothermal Investments. In Sustainability in Energy Business and Finance (pp. 183-194). Springer, Cham.
  • Zahedi, R., Zahedi, A., & Ahmadi, A. (2022). Strategic study for renewable energy policy, optimizations and sustainability in Iran. Sustainability, 14(4), 2418.
  • Zhang, Y., Zhang, Y., Gong, C., Dinçer, H., & Yüksel, S. (2022). An integrated hesitant 2-tuple Pythagorean fuzzy analysis of QFD-based innovation cost and duration for renewable energy projects. Energy, 248, 123561.
  • Zhao, Y., Korsakienė, R., Dinçer, H., & Yüksel, S. (2022). Identifying Significant Points of Energy Culture for Developing Sustainable Energy Investments. SAGE Open, 12(1), 21582440221087262.
  • Żywiołek, J., Rosak-Szyrocka, J., Khan, M. A., & Sharif, A. (2022). Trust in Renewable Energy as Part of Energy-Saving Knowledge. Energies, 15(4), 1566.

YENİLENEBİLİR ENERJİ YATIRIMLARININ ARTTIRILMASINA YÖNELİK OPTİMAL POLİTİKALARIN BELİRLENMESİ: TÜRKİYE ÜZERİNE DEMATEL YÖNTEMİYLE BİR ANALİZ

Yıl 2022, Cilt: 10 Sayı: 2, 0 - 0, 02.01.2023
https://doi.org/10.52122/nisantasisbd.1122679

Öz

Yenilenebilir enerji kaynaklarının birçok avantajı olmasına rağmen kullanılabilmesi için başlangıç maliyeti oldukça yüksektir. Öncelikle tasarımı, inşası ve işletilmesi için çok donanımlı ve kalifiye işgücüne ihtiyaç duyulmaktadır. Belirtilen bu hususlar da yenilenebilir enerji projelerinin gelişiminin önünde engel teşkil etmektedir. Dolayısıyla, temiz enerji projelerinin gelişimi için doğru politikaların belirlenmesi oldukça önemlidir. Bu bağlamda, farklı kriter setleri dikkate alınarak gerçekleştirilen yeni bir çalışmaya ihtiyaç duyulmaktadır. Bu çalışmanın amacı Türkiye’deki yenilenebilir enerji projelerinin arttırılması için gerekli olan en uygun stratejinin belirlenmesidir. Bu bağlamda, ilk olarak, geniş kapsamlı bir literatür taraması yapılmış ve beş farklı kriter tespit edilmiştir. Daha sonra, DEMATEL yöntemiyle bir analiz gerçekleştirilmiş ve en optimal stratejinin tespit edilmiştir. Bu çalışmanın literatüre en büyük katkısı ülkelerin sürdürülebilir kalkınması için önem arz eden temiz enerji projelerinin geliştirilmesi için gerekli olan doğru politikaların belirlenmesidir. Sonuç olarak, faiz oranlarının düşürülmesi yenilenebilir enerji yatırımlarının arttırılmasında en fazla önem arz eden kriterdir. Araştırma ve geliştirme çalışmalarının arttırılması da bu bağlamda önem arz etmektedir. Öte yandan, bankacılık sisteminin etkin olması, kalifiye personel yetiştirilmesi ve vergi indirimi sağlanması daha düşük önem ağırlığına sahiptirler. Netice itibarıyla, politika yapıcıların faiz indirimine öncelik vermesi gerektiği belirlenmiştir. Faiz oranı indirimi sayesinde, yatırımcılar daha düşük maliyetle kredi kullanabilme imkanına sahip olmaktadır. Bu durum da bu projelerin karlılığının artmasına yardımcı olmaktadır. Bunun sonucunda da yatırımcılar bu alana yönelmede istekli olabilecektir.

Kaynakça

  • Abba, Z. Y. I., Balta-Ozkan, N., & Hart, P. (2022). A holistic risk management framework for renewable energy investments. Renewable and Sustainable Energy Reviews, 160, 112305.
  • Adebayo, T. S. (2022). Renewable Energy Consumption and Environmental Sustainability in Canada: Does Political Stability Make a Difference?. Environmental Science and Pollution Research, 1-16.
  • Amjith, L. R., & Bavanish, B. (2022). A review on biomass and wind as renewable energy for sustainable environment. Chemosphere, 293, 133579.
  • Bhuiyan, M. A., Dinçer, H., Yüksel, S., Mikhaylov, A., Danish, M. S. S., Pinter, G., ... & Stepanova, D. (2022). Economic indicators and bioenergy supply in developed economies: QROF-DEMATEL and random forest models. Energy Reports, 8, 561-570.
  • Bughneda, A., Salem, M., Nazari, M. A., Ishak, D., Kamarol, M., & Alatai, S. (2022). Resonant Power Converters for Renewable Energy Applications: A Comprehensive Review. Front. Energy Res, 10, 846067.
  • Chen, H., Shi, Y., Xu, M., & Zhao, X. (2022). Investment in renewable energy resources, sustainable financial inclusion and energy efficiency: A case of US economy. Resources Policy, 77, 102680.
  • Dalala, Z., Al-Omari, M., Al-Addous, M., Bdour, M., Al-Khasawneh, Y., & Alkasrawi, M. (2022). Increased renewable energy penetration in national electrical grids constraints and solutions. Energy, 246, 123361.
  • Dinçer, H., Yüksel, S., & Martínez, L. (2022). Collaboration enhanced hybrid fuzzy decision-making approach to analyze the renewable energy investment projects. Energy Reports, 8, 377-389.
  • Dong, W., Zhao, G., Yüksel, S., Dinçer, H., & Ubay, G. G. (2022). A novel hybrid decision making approach for the strategic selection of wind energy projects. Renewable Energy, 185, 321-337.
  • Ehigiamusoe, K. U., & Dogan, E. (2022). The role of interaction effect between renewable energy consumption and real income in carbon emissions: Evidence from low-income countries. Renewable and Sustainable Energy Reviews, 154, 111883.
  • Fell, H., Gilbert, A., Jenkins, J. D., & Mildenberger, M. (2022). Nuclear power and renewable energy are both associated with national decarbonization. Nature Energy, 7(1), 25-29.
  • Gyimah, J., Yao, X., Tachega, M. A., Hayford, I. S., & Opoku-Mensah, E. (2022). Renewable energy consumption and economic growth: New evidence from Ghana. Energy, 248, 123559.
  • Haiyun, C., Zhixiong, H., Yüksel, S., & Dinçer, H. (2021). Analysis of the innovation strategies for green supply chain management in the energy industry using the QFD-based hybrid interval valued intuitionistic fuzzy decision approach. Renewable and Sustainable Energy Reviews, 143, 110844.
  • Hasselqvist, H., Renström, S., Håkansson, M., & Strömberg, H. (2022, April). Exploring Renewable Energy Futures through Household Energy Resilience. In CHI Conference on Human Factors in Computing Systems (pp. 1-18).
  • Juaidi, A., Anayah, F., Assaf, R., Hasan, A. A., Monna, S., Herzallah, L., ... & Jeguirim, M. (2022). An overview of renewable energy strategies and policies in Palestine: Strengths and challenges. Energy for Sustainable Development, 68, 258-272.
  • Kebede, A. A., Kalogiannis, T., Van Mierlo, J., & Berecibar, M. (2022). A comprehensive review of stationary energy storage devices for large scale renewable energy sources grid integration. Renewable and Sustainable Energy Reviews, 159, 112213.
  • Kirikkaleli, D., Güngör, H., & Adebayo, T. S. (2022). Consumption‐based carbon emissions, renewable energy consumption, financial development and economic growth in Chile. Business Strategy and the Environment, 31(3), 1123-1137.
  • Kostis, P., Dinçer, H., & Yüksel, S. (2022). Knowledge-Based Energy Investments of European Economies and Policy Recommendations for Sustainable Development. Journal of the Knowledge Economy, 1-33.
  • Kou, G., Yüksel, S., & Dinçer, H. (2022). Inventive problem-solving map of innovative carbon emission strategies for solar energy-based transportation investment projects. Applied Energy, 311, 118680.
  • Krupnik, S., Wagner, A., Koretskaya, O., Rudek, T. J., Wade, R., Mišík, M., ... & von Wirth, T. (2022). Beyond technology: A research agenda for social sciences and humanities research on renewable energy in Europe. Energy Research & Social Science, 89, 102536.
  • Li, J., Yüksel, S., Dınçer, H., Mikhaylov, A., & Barykin, S. E. (2022). Bipolar q-ROF hybrid decision making model with golden cut for analyzing the levelized cost of renewable energy alternatives. IEEE Access, 10, 42507-42517.
  • Li, W., & Ullah, S. (2022). Research and development intensity and its influence on renewable energy consumption: evidence from selected Asian economies. Environmental Science and Pollution Research, 1-8.
  • Luderer, G., Madeddu, S., Merfort, L., Ueckerdt, F., Pehl, M., Pietzcker, R., ... & Kriegler, E. (2022). Impact of declining renewable energy costs on electrification in low-emission scenarios. Nature Energy, 7(1), 32-42.
  • Mansouri, S. A., Ahmarinejad, A., Nematbakhsh, E., Javadi, M. S., Nezhad, A. E., & Catalão, J. P. (2022). A sustainable framework for multi-microgrids energy management in automated distribution network by considering smart homes and high penetration of renewable energy resources. Energy, 245, 123228.
  • Mujtaba, A., Jena, P. K., Bekun, F. V., & Sahu, P. K. (2022). Symmetric and asymmetric impact of economic growth, capital formation, renewable and non-renewable energy consumption on environment in OECD countries. Renewable and Sustainable Energy Reviews, 160, 112300.
  • Mukhtarov, S., Yüksel, S., & Dinçer, H. (2022). The impact of financial development on renewable energy consumption: Evidence from Turkey. Renewable Energy. Olabi, A. G., & Abdelkareem, M. A. (2022). Renewable energy and climate change. Renewable and Sustainable Energy Reviews, 158, 112111.
  • Rasool, S. F., Chin, T., Wang, M., Asghar, A., Khan, A., & Zhou, L. (2022). Exploring the role of organizational support, and critical success factors on renewable energy projects of Pakistan. Energy, 243, 122765.
  • Rehman, A., Ma, H., Ozturk, I., & Radulescu, M. (2022). Revealing the dynamic effects of fossil fuel energy, nuclear energy, renewable energy, and carbon emissions on Pakistan’s economic growth. Environmental Science and Pollution Research, 1-11.
  • Saleem Jabari, M., Aga, M., & Samour, A. (2022). Financial sector development, external debt, and Turkey’s renewable energy consumption. Plos one, 17(5), e0265684.
  • Samour, A., & Pata, U. K. (2022). The impact of the US interest rate and oil prices on renewable energy in Turkey: a bootstrap ARDL approach. Environmental Science and Pollution Research, 1-10.
  • Singh, U., Rizwan, M., Malik, H., & García Márquez, F. P. (2022). Wind energy scenario, success and initiatives towards renewable energy in India—A review. Energies, 15(6), 2291.
  • Tutak, M., & Brodny, J. (2022). Renewable energy consumption in economic sectors in the EU-27. The impact on economics, environment and conventional energy sources. A 20-year perspective. Journal of Cleaner Production, 345, 131076.
  • Wang, Q., Dong, Z., Li, R., & Wang, L. (2022). Renewable energy and economic growth: new insight from country risks. Energy, 238, 122018.
  • Wu, X., Dinçer, H., & Yüksel, S. (2022). Analysis of crowdfunding platforms for microgrid project investors via a q-rung orthopair fuzzy hybrid decision-making approach. Financial Innovation, 8(1), 1-22.
  • Yüksel, S., & Dinçer, H. (2022). Identifying the strategic priorities of nuclear energy investments using hesitant 2-tuple interval-valued Pythagorean fuzzy DEMATEL. Progress in Nuclear Energy, 145, 104103.
  • Yüksel, S., Dinçer, H., Mikhaylov, A., Adalı, Z., & Eti, S. (2022). Key Issues for the Improvements of Shallow Geothermal Investments. In Sustainability in Energy Business and Finance (pp. 183-194). Springer, Cham.
  • Zahedi, R., Zahedi, A., & Ahmadi, A. (2022). Strategic study for renewable energy policy, optimizations and sustainability in Iran. Sustainability, 14(4), 2418.
  • Zhang, Y., Zhang, Y., Gong, C., Dinçer, H., & Yüksel, S. (2022). An integrated hesitant 2-tuple Pythagorean fuzzy analysis of QFD-based innovation cost and duration for renewable energy projects. Energy, 248, 123561.
  • Zhao, Y., Korsakienė, R., Dinçer, H., & Yüksel, S. (2022). Identifying Significant Points of Energy Culture for Developing Sustainable Energy Investments. SAGE Open, 12(1), 21582440221087262.
  • Żywiołek, J., Rosak-Szyrocka, J., Khan, M. A., & Sharif, A. (2022). Trust in Renewable Energy as Part of Energy-Saving Knowledge. Energies, 15(4), 1566.
Toplam 40 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Bölüm Makaleler
Yazarlar

Esra Serezli 0000-0003-1844-7487

Serhat Yüksel

Hasan Dinçer 0000-0002-9858-1266

İdil Tamer 0000-0002-6604-3412

Yayımlanma Tarihi 2 Ocak 2023
Yayımlandığı Sayı Yıl 2022 Cilt: 10 Sayı: 2

Kaynak Göster

APA Serezli, E., Yüksel, S., Dinçer, H., Tamer, İ. (2023). YENİLENEBİLİR ENERJİ YATIRIMLARININ ARTTIRILMASINA YÖNELİK OPTİMAL POLİTİKALARIN BELİRLENMESİ: TÜRKİYE ÜZERİNE DEMATEL YÖNTEMİYLE BİR ANALİZ. Nişantaşı Üniversitesi Sosyal Bilimler Dergisi, 10(2). https://doi.org/10.52122/nisantasisbd.1122679

Nişantaşı Üniversitesi kurumsal yayınıdır.