Sustainable Energy in Island States: Comparative Analysis of New Trends in Energy Digitalization and the Experience of the UK, Japan, Indonesia and Cyprus

Olga V. Loseva, Svetlana V. Karpova, Konstantin O. Rasteryaev, Elizaveta S. Sokolova, Svetlana V. Makar and Khvicha P. Kharchilava
Additional contact information
Olga V. Loseva: Institute for Studies in Industrial Politics and Institutional Development,
Svetlana V. Karpova: Experimental Laboratory Neurotechnology in Management at the Department Logistics and Marketing ,
Konstantin O. Rasteryaev: Scientific and Educational Center of Competences in the Sphere of Technology Transfers and Knowledge Management
Elizaveta S. Sokolova: Center for Analysis, Risk Management and Internal Control in Digital Space,
Svetlana V. Makar: Center for Regional Economy and Interbudgetary Relations
Khvicha P. Kharchilava: Faculty of Economics and Business, Financial University under the Government of the Russian Federation, Moscow, Russia

International Journal of Energy Economics and Policy, 2020, vol. 10, issue 6, 722-731

Abstract: Island states such as the ones discussed in this article are dependent on energy imports, which puts a lot of pressure on their budgets. In addition, limited land areas and difficult environmental conditions contribute to the need to transform the energy sector. Such a transformation in modern conditions is possible only in the direction of sustainable energy. This transition is complex and requires several parallel processes, one of which is the digitalization of the energy sector. The countries studied in this article started the process of transforming their energy sectors, and the results are different. The article is aimed at disclosing the current state and prospects in the energy sector in the context of developing a universal strategy for sustainable energy transformation. The authors point out the main achievements and barriers in this area and develop a multiplier to find out the real situation in the sector in island states. The key findings of the article include the development of a multiplier, evidence that institutional barriers are central to sustainable energy development, and a comprehensive analysis of the role of digitalization in shaping a sustainable energy system.

Keywords: Sustainable energy; digitalization; institutions; energy costs; Island States (search for similar items in EconPapers)
JEL-codes: O13 Q42 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://www.econjournals.com/index.php/ijeep/article/download/10571/5536 (application/pdf)
https://www.econjournals.com/index.php/ijeep/article/view/10571/5536 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2020-06-93

Access Statistics for this article

International Journal of Energy Economics and Policy is currently edited by Ilhan Ozturk

More articles in International Journal of Energy Economics and Policy from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().