What really influences the development of renewable energy? A systematic review and meta-analysis.

Promoting renewable energy (RE) is one key strategy to increase energy security and mitigate global warming. What really influences the development of RE has aroused public attention worldwide. Numerous studies have identified and evaluated the critical influence factors (CIFs) for renewable energy development (RED); however, there seems to be no consensus among the previous studies on these CIFs and their importance level or influence direction. Given that, this study, for the first time, conducts a systematic review and meta-analysis of the CIFs for RED. With evidence from 33,119 observations in 67 studies between 2010 and 2022, 44 CIFs distributed in political, economic, environmental, social, and technological (PEEST) dimensions were selected from an international perspective. Results demonstrate that (i) 27 CIFs with statistical significance and their rank list were identified through meta-analysis. Some of them were mentioned many times in previous studies, but their significance for RED was not very high. (ii) The top three driving factors in CIFs' significance rank list were industrial infrastructure investment, R&D, and financial development, and the top three inhibiting factors were the fossil-based energy consumption structure, policy uncertainty, and population life. (iii) The publication year, country's economy, and links of the RED value chain have a moderating effect on some CIFs' influence mechanisms. This study not only contributes to the existing RED knowledge body but also provides references to policymakers and practitioners in formulating policies and good practices to promote renewable energy.
(© 2023. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)