System dynamics of renewable energy technology adoption

The adoption of renewable energy technologies (RET) has been facing a number of barriers and constraints due to dynamic interaction of adoption related factors. This paper simulates from a systems dynamics point of view the dynamic behavior of the RET adoption process. Complex dynamic interactions between technology adopters, policy makers and policies are captured based on systems thinking. Based on a set of input policy parameters and variables, the behavior of RET adoption is investigated. Sensitivity experiments and further “what-if” experiments are conducted in this study. Useful managerial insights are drawn from the simulation results, relevant for policy makers concerned with renewable energy technologies.