System Dynamics Methodology for the Energy Demand Fulfillment in India: A Preliminary Study

AbstractHigher energy demand and shortage of energy has made energy modeling a very common researchable area in developing and developed countries. Proper and efficient execution of policy plays a vital role in the implementation and adoption of innovations, such as, the higher usage of solar generated energy over conventional electricity. This paper contributes to the existing literature by proposing a system dynamics based hypothetical framework that would have policy implication for the sustainable use of solar energy at the wide country level. The methodology explains the feedback loop through causal diagram. Additionally, it also explains the involvement of various stakeholders and the variables necessary for the acceptance of renewable energy in India