Techno-economic impacts of energy transition: the state of the art

Achieving net-zero carbon emissions goals requires tangible actions that regions, countries, sectors, and organizations should take to accelerate the energy transition along with a growing trend toward renewable energy sources. Digitalization, a phenomenon introduced by the transformative power of digital technologies, plays a key role in the energy transition process. Providing advancements in technology leads to significant changes in the way energy is produced, transmitted, and consumed. In light of that, the paper discusses the impacts of digitalization on energy transition by highlighting its benefits and crucial incentives favoring investment processes. In terms of policy messages, the paper suggests that policies based on a more integrated assessment of the links between the transforming energy sector and the overall economy would be needed. Moreover, regulations promoting financial incentives to support investments would be recommended to satisfy the novel paradigm of energy transition.