Evaluating the Current Energy-Cleanability Position and its Impact on the Economic Sustainability

Abstract

The transition from traditional to sustainable energy is nothing without easy access to clean energy. Therefore, different economies have made smooth transitions but still there is gap in energy cleanability across the world. Here, this study adopted two stage-analyses; initially it presents an overlook of energy cleanability transition through applying Technique for Order Preference by Similarity to an Ideal Solution (TOPSIS) with entropy weightage in low middle & upper middle income countries. Therefore, the fallout of TOPSIS discloses the outcomes and found more divergence trends in lower middle income countries. Furthermore, the current study examined the impact of energy cleanability gap on economic development in selected panels from 2000 to 2019. Then, unclean energy is to blame for the declining trend in economic development. Furthermore, sustainability in the energy transition is more required as it has its costs and benefits and needs more government commitment and regulatory changes. So, avoiding such vulnerabilities requires massive financing to tackle it and improve flexibility to economic development.