Important indicators within decision making process in sustainable energy transition

Abstract

The sustainable energy transition of the country or groups of countries is a complex and long-term process that requires decision-making at several stages and levels, including the evaluation of a large number of factors. Presented paper deals with indicators that, together with certain World Bank indicators, can form a meaningful set useful for decision-makers in the context of a sustainable energy transition. The use of selected indicators is also recommended when evaluating the integration of economic-environmental content into an economic development planning. A part of data support for a sustainable energy transition is formed by indicators that include political administrative, economic-social and environmental factors. The core of the mentioned data support is determined by the indicators of energy intensity and the share of energy from renewable sources in the gross final energy consumption. Both are influenced by a series of independent indicators. Number of indicators can be redundant in certain cases, so the appropriate number of them could be found with the procedure based on the role of entropy and the usage of correlation coefficients.