Understanding the dynamics of the adoption of renewable energy technologies: A system dynamics approach

Renewable energy technologies (RET) have faced a number of constraints that have affected their rate of adoption. This can be attributed to the presence of complex dynamic factors associated with the technology adoption process. This paper simulates the dynamic behaviour of the RET adoption process, from a systems dynamics point of view. Complex dynamic interactions between technology adopters, policy makers and policies are captured based on systems thinking concepts. Based on a set of input policy parameters and variables, the behaviour of RET adoption is investigated and analyzed. Sensitivity experiments and further “what-if” experiments are carried out to obtain in-depth understanding of RET adoption process. Useful managerial insights are drawn from the simulation results, relevant to decision makers concerned with renewable energy technology innovations and their adoption.