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Scientific Article details

Title Exploring Precursors of Renewable Energy Portfolio Diversification Using TPB
ID_Doc 6110
Authors Lupoae, OD; Radu, RI; Capatina, A; Isai, VM; Barbuta-Misu, N
Title Exploring Precursors of Renewable Energy Portfolio Diversification Using TPB
Year 2023
Published Energies, 16, 18
DOI 10.3390/en16186714
Abstract Renewable energy is produced from natural sources that can regenerate quickly, such as the sun, wind, water, biomass and the earth's heat. This implies that the resources used do not have a significant negative impact on the environment, which aligns with current concerns for protecting the planet and ecosystems. This study aims to explore the behavior of entrepreneurs regarding the processing of resources that can be introduced in the circular economy and the development of the renewable energy portfolio by transforming horse manure into bioenergy. Employing Structural Equation Modeling (PLS-SEM) and based on an extensive dataset comprising 104 responses from entrepreneurs engaged in or aspiring to participate in the renewable energy sector, this research reveals a noteworthy finding. Contrary to prevailing expectations, it demonstrates that the perceived interest in safeguarding future resources and the environment among these entrepreneurs is currently low. This study not only enriches the understanding of entrepreneurial behavior within the renewable energy domain but also extends the Theory of Planned Behavior. In doing so, it underscores the critical significance of sustainability factors as drivers of future business development and underscores the need for comprehensive policy initiatives that compel greater commitment to renewable energy and circular economy practices.
Author Keywords renewable energy; horse manure; sustainable entrepreneurship; bioenergy; the theory of planned behavior; circular economy
Index Keywords Index Keywords
Document Type Other
Open Access Open Access
Source Science Citation Index Expanded (SCI-EXPANDED)
EID WOS:001078899500001
WoS Category Energy & Fuels
Research Area Energy & Fuels
PDF https://www.mdpi.com/1996-1073/16/18/6714/pdf?version=1695174309
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