1. Proposing a sustainable investment index for measuring economic performance and sustainability: A step toward clean and affordable energy
- Author
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Hussain, Jamal, Kui, Zhou, Khan, Anwar, Akhtar, Rizwan, Ali, Rashid, and Yin, Yexing
- Abstract
Numerous economic and non-economic factors significantly influence decision-making concerning investments in green energy. However, developing an index that allows for benchmarking and evaluating economic performance and overall sustainability on a global scale is imperative. In this regard, this study introduces the Green Energy Sustainable Investment Index (GESII) as a composite measure utilizing entropy weight and the “Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS)” approach. This index encompasses 47 countries and comprises 22 indicators categorized into four dimensions: social, economic, environmental, and institutional. Over the period spanning from 2006 to 2020, this study analyzes the progression of GESII for forty-seven countries affiliated with the Belt and Road Initiative (BRI). Singapore secures the top position in the overall GESII ranking, followed by Estonia, Brunei Darussalam, the United Arab Emirates, and the Czech Republic. Conversely, Iran and Lebanon occupy the lowest positions in GESII, indicating that these countries have the poorest scores across all four dimensions. In addition to presenting the overall rankings, this study offers comparative analyses of the leading three country profiles for each region within the BRI countries based on GESII. The newly proposed index, GESII, is valuable for guiding investment decisions and contributing to policy discussions.
- Published
- 2023
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