Abstract
While there is a rich body of literature on the wide range of barriers to investment in renewable energy technologies, little guidance exists on how to integrate the barriers into energy systems modelling. The present study develops a prototype to represent barriers such as risk perceptions and inertia in energy systems analysis. Employing a techno-economic model that describes the deployment of renewable heating technologies in Ireland, our results show the methodological importance of the representation of heat-users’ decision making process in energy systems analysis. Implications in promoting renewable heat, market development and regulation are discussed.
Original language | English |
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Article number | 120314 |
Number of pages | 13 |
Journal | Applied Energy |
Volume | 330 |
Issue number | Part A |
Early online date | 19 Nov 2022 |
DOIs | |
Publication status | Published - 15 Jan 2023 |
Keywords
- Renewables
- Biomass fuel
- Heating sector
- Investor behaviour
- Investment barriers
- Techno-economic model
ASJC Scopus subject areas
- Mechanical Engineering
- General Energy
- Management, Monitoring, Policy and Law
- Building and Construction