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Evaluating Partners for Renewable Energy Trading: A Multidimensional Framework and Tool

Schulze, Kai ; Mišić, Mile ; Radojičić, Nikola ; Serin, Berkin (2024)
Evaluating Partners for Renewable Energy Trading: A Multidimensional Framework and Tool.
In: Sustainability, 2024, 16 (9)
doi: 10.26083/tuprints-00027340
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Item Type: Article
Type of entry: Secondary publication
Title: Evaluating Partners for Renewable Energy Trading: A Multidimensional Framework and Tool
Language: English
Date: 13 May 2024
Place of Publication: Darmstadt
Year of primary publication: 26 April 2024
Place of primary publication: Basel
Publisher: MDPI
Journal or Publication Title: Sustainability
Volume of the journal: 16
Issue Number: 9
Collation: 22 Seiten
DOI: 10.26083/tuprints-00027340
Corresponding Links:
Origin: Secondary publication DeepGreen

The worsening climate crisis has increased the urgency of transitioning energy systems from fossil fuels to renewable sources. However, many industrialized countries are struggling to meet their growing demand for renewable energy (RE) through domestic production alone and, therefore, seek to import additional RE using carriers such as hydrogen, ammonia, or metals. The pressing question for RE importers is therefore how to select trading partners, i.e., RE exporting countries. Recent research has identified a plethora of different selection criteria, reflecting the complexity of energy systems and international cooperation. However, there is little guidance on how to reduce this complexity to more manageable levels as well as a lack of tools for effective partner evaluation. This article aims to fill these gaps. It proposes a new multidimensional framework for evaluating and comparing potential RE trading partners based on four dimensions: economy and technology, environment and development, regulation and governance, and innovation and cooperation. Focusing on Germany as an RE importer, an exploratory factor analysis is used to identify a consolidated set of composite selection criteria across these dimensions. The results suggest that Germany’s neighboring developed countries and current net energy exporters, such as Canada and Australia, are among the most attractive RE trading partners for Germany. A dashboard tool has been developed to provide the framework and composite criteria, including adjustable weights to reflect the varying preferences of decision-makers and stakeholders. The framework and the dashboard can provide helpful guidance and transparency for partner selection processes, facilitating the creation of RE trade networks that are essential for a successful energy transition.

Uncontrolled Keywords: energy transition, renewable energy trade, trading partner selection, multi-criteria analysis, hydrogen
Identification Number: Artikel-ID: 3632
Status: Publisher's Version
URN: urn:nbn:de:tuda-tuprints-273405
Additional Information:

This article belongs to the Special Issue Governing Green Energy Trade: Challenges and Opportunities

Classification DDC: 300 Social sciences > 320 Political science
300 Social sciences > 333.7 Natural resources, energy and environment
Divisions: Profile Areas > Energy Center
02 Department of History and Social Science > Institute of Political Science
Forschungsfelder > Energy and Environment > Carbon-Neutral Circles
Forschungsfelder > Energy and Environment > Integrated Energy Systems
Date Deposited: 13 May 2024 13:41
Last Modified: 19 Jul 2024 06:56
SWORD Depositor: Deep Green
URI: https://tuprints.ulb.tu-darmstadt.de/id/eprint/27340
PPN: 518232670
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