Affiliations: [a] Amity International Business School, Amity University, Noida, Uttar Pradesh, India | [b] Apeejay School of Management, Dwarka, New Delhi, India | [c] ASMSOC, NMIMS University, Mumbai, India | [d] Fortune Institute of International Business, New Delhi, India
Correspondence:
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Corresponding author: Vernika Agarwal, Apeejay School of Management, Dwarka, New Delhi, India. E-mail: vernika.agarwal@gmail.com.
Abstract: To meet the needs of the growing population, the extraction capacity has outdone the regeneration capacity of renewable sources. So, the adoption of sustainable methods to generate energy should be seriously taken into consideration. However, the energy sector is facing numerous hurdles in implementing sustainable methods of producing clean energy. Existing research has identified a few factors that hinder the execution of sustainable energy development in South Asian Low and middle income countries (LMICs), but lacks a systematic investigation and is unable to decipher any causal relationship between the factors and their importance. This paper identifies the key factors that are being faced by the energy sector in the achievement of sustainable energy using existing literature and uses a Fuzzy Decision-making trial and evaluation laboratory (DEMATEL) to quantify the cause-and-effect relationship between the challenges. The results found were classified into financial factors, Operational Factors, and technical factors that were the key factors that act as a hurdle in the accomplishment of sustainable energy.
