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Digitalisation: A New Era in the Energy Industry for Sustainability

In: The New Digital Era: Digitalisation, Emerging Risks and Opportunities

Author

Listed:
  • Sorana Vătavu
  • Oana-Ramona Lobonţ
  • Cătălina Sitnikov
  • Florin Costea

Abstract

Purpose and need for study:Considering that the impact of digitalisation on the energy industry is currently one of the hot topics, our focus was to systematically overview the literature on this subject and subtract the most relevant papers. This study may represent a base for future research on the impact digitalisation has on the efficiency of energy industries and the sustainable development of economies counting on this industry. Methodology:The authors employed a methodology of bibliometric analysis to help us reveal the main concepts reflecting the relationship between digitalisation and sustainable development in the energy industry and also to identify the most cited papers in the literature. Findings:The most important concepts are digitalisation and also digitisation, sustainability and sustainable development, energy efficiency, the internet of things and Industry 4.0. For the more focussed research in business, technological development, urban development, smart cities and renewable energies proved to be very important concepts. The co-authorship networks revealed as most important 10–20 papers, considering that our analysis was based on a comprehensive list of papers in all domains (116 papers indexed in Scopus) and on a list of academic papers published in Social Sciences or Business, Economics and Accounting domains (59 papers indexed in Scopus). Practical implications:This study evidenced the authors with the most valuable research on the topic of digitalisation and sustainable development in the energy sector, helping us continue our research in the future, with a quantitative study that will base its literature review on the most accountable and cited papers published so far in the literature. The national plans and public policies for sustainable development have a common ground when they refer to energy industries. The investments and digital development need to have a positive social impact improving health and well-being for citizens, supporting the quality of life, based on a fair transition to low-carbon economies.

Suggested Citation

  • Sorana Vătavu & Oana-Ramona Lobonţ & Cătălina Sitnikov & Florin Costea, 2022. "Digitalisation: A New Era in the Energy Industry for Sustainability," Contemporary Studies in Economic and Financial Analysis, in: The New Digital Era: Digitalisation, Emerging Risks and Opportunities, volume 109, pages 213-230, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:csefzz:s1569-37592022000109a013
    DOI: 10.1108/S1569-37592022000109A013
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    Keywords

    Digitalisation; sustainable development; energy industry; literature review; bibliometric analysis; New Era; O13; Q01; Q5;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics

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