Research on low-carbon development path of new energy industry under the background of smart grid

Abstract

ObjectivesThe transition to a low-carbon and sustainable energy system is essential to combating climate change and ensuring the long-term viability of the global energy industry. Smart grid technologies are emerging as a transformative force in this transition. This research explores the multifaceted impact of smart grid technologies on the new energy industry and evaluates the influence of policies and regulations in shaping its development. MethodsThe study employs a mixed-method approach, combining quantitative analysis of key performance indicators (KPIs) and a qualitative examination of stakeholder perspectives. The quantitative analysis focuses on the impact of smart grids on renewable energy penetration, carbon emissions, and energy efficiency. The qualitative analysis draws on interviews with experts from industry, academia, and government to gain insights into the role of policies and regulations in driving smart grid development. ResultsThe quantitative analysis reveals a significant increase in renewable energy penetration, a reduction in carbon emissions, and enhanced energy efficiency in regions with high smart grid adoption. These findings indicate the substantial impact of smart grid technologies in facilitating the transition to a clean and sustainable energy system. The qualitative analysis highlights the role of policies and regulations in driving the growth of renewable energy capacity, reducing carbon emissions, and creating jobs in the new energy industry. Supportive regulatory frameworks have been instrumental in stimulating investment in smart grid technologies and renewable energy projects. A regression analysis was conducted to shed light on the impact of sustainability indicators, economic assessments, and renewable energy capacity on carbon emissions. The analysis shows that these variables significantly influence carbon emissions, providing insights for policymakers and industry stakeholders. ConclusionThe findings of this study underscore the importance of smart grid technologies and supportive regulatory frameworks in facilitating sustainable energy development. Smart grid technologies play a critical role in enabling the integration of renewable energy into the grid, improving energy efficiency, and reducing carbon emissions. Governments and industry stakeholders should collaborate to accelerate the deployment of smart grid technologies and create a supportive policy environment for the new energy industry.Research and development should be funded for innovative smart grid technology.