Impact of Renewable Energy Integration on Technology-Driven Sustainability in Sri Lanka within the Dynamic and Uncertain Global Environment, Marked by VUCA Elements.

Abstract

This study aims to investigate the impact of renewable energy integration on technology-driven sustainability in Sri Lanka, particularly within the context of a dynamic and uncertain global environment characterized by VUCA elements (Volatility, Uncertainty, Complexity, Ambiguity). The research methodology involves conducting a thorough literature review to establish the empirical background. Primary data was collected through a structured questionnaire distributed to 160 respondents, including renewable energy users in the Anuradhapura and Mannar districts of Sri Lanka. Data analysis was performed using IBM SPSS, incorporating reliability testing, correlation analysis, and regression analysis. This study found that there is a significant positive impact of renewable energy integration on technology-driven sustainability. The study's findings align with existing empirical evidence and emphasize the significance of renewable energy integration in promoting technology-driven sustainability, even in the face of a VUCA global environment. This supports the study's hypothesis and contributes to the body of knowledge in this are by providing adequate evidence to support the fact that renewable energy integration positively and significantly impacts on technology driven sustainability within Sri Lanka. This research underscores the critical role of renewable energy integration in fostering technology-driven sustainability in Sri Lanka. It provides valuable insights for policymakers, business leaders, and stakeholders aiming to navigate the challenges posed by a dynamic and uncertain global environment while promoting sustainable practices. Furthermore, it contributes to bridging gaps in the existing research landscape and lays a solid foundation for future investigations in this domain.