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

Author

Listed:
  • 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)

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.

Suggested Citation

  • Olga V. Loseva & Svetlana V. Karpova & Konstantin O. Rasteryaev & Elizaveta S. Sokolova & Svetlana V. Makar & Khvicha P. Kharchilava, 2020. "Sustainable Energy in Island States: Comparative Analysis of New Trends in Energy Digitalization and the Experience of the UK, Japan, Indonesia and Cyprus," International Journal of Energy Economics and Policy, Econjournals, vol. 10(6), pages 722-731.
    • Handle: RePEc:eco:journ2:2020-06-93
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    References listed on IDEAS

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    Cited by:

    1. Cezar-Petre Simion & Cătălin-Alexandru Verdeș & Alexandra-Andreea Mironescu & Florin-Gabriel Anghel, 2023. "Digitalization in Energy Production, Distribution, and Consumption: A Systematic Literature Review," Energies, MDPI, vol. 16(4), pages 1-30, February.
    2. Justyna Światowiec-Szczepańska & Beata Stępień, 2022. "Drivers of Digitalization in the Energy Sector—The Managerial Perspective from the Catching Up Economy," Energies, MDPI, vol. 15(4), pages 1-25, February.
    3. Marina Mikhailovna Pukhova & Irina Anatolievna Merkulina & Dmitry Yuryevich Bashkov, 2021. "Developing Public–Private Partnership Projects to Enhance Innovation Capability in the Defence Industry," Economies, MDPI, vol. 9(4), pages 1-21, October.

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    More about this item

    Keywords

    Sustainable energy; digitalization; institutions; energy costs; Island States;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources

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