Mississippi is a state with an abundance of natural resources, such as biomass, oil, coal and natural gas. Local governments are creating quality jobs and are looking for ways to promote the use of renewable energy sources. This research aims to investigate the effects of breaking barriers in the deployment of renewable energy. Technological barriers are moderately important in the deployment of renewable energy.
For instance, nuclear energy is considered a “clean energy source” because it contains no carbon, but it is not generally considered “renewable”. Few studies have grouped these barriers and discussed their impact on the deployment of renewable energy. It is recommended to be careful when generalizing the findings in the context of renewable energy due to cultural differences. Exclusions require that a specific technology meet a certain percentage of the total renewable energy requirement, while credit multipliers grant additional renewable energy credits for electricity produced by certain technologies.
The increase in renewable energy generation since the early 2000s can be attributed to state renewable energy requirements. The objective of this research is to find out the impacts of social, economic, technological and regulatory barriers in the deployment of renewable energy. The trajectory coefficient of the four complete constructs is equal to or greater than 0.80, which implies that breaking barriers in the deployment of renewable energy has a strong impact on all four constructs (easy-to-use procedures, stakeholder satisfaction, successful companies with R&D and cost savings). This change would create more jobs in the design, construction, operation and maintenance of renewable energy project infrastructures.
The simultaneous increase in energy demand and the negative impact of fossil fuels on the environment emphasize the need to produce energy from renewable sources. To make a significant contribution to global energy consumption, it is necessary to develop large-scale renewable energy plants, but this requires vast areas of field. By breaking barriers related to research and development, organizations will be able to invest heavily in advanced technologies that can optimize the use of renewable energy and make it more attractive. The respondents were professionals in the energy industry (platform manufacturing, power generation, energy distribution, oil and gas, mining and renewable energy).
To promote a diversified resource mix and encourage the deployment of certain technologies, states have established exclusions and multipliers of credits for renewable energy within their RPS for specific energy technologies, such as offshore wind or rooftop solar energy. Breaking barriers related to research and development will enable organizations to invest heavily in advanced technologies that can optimize the use of renewable energy sources. This will create more jobs in design, construction, operation and maintenance of renewable energy project infrastructures. Additionally, it will help reduce environmental pollution caused by fossil fuels and contribute significantly to global energy consumption.
