Abstract
This paper reviews the economic and managerial literature on the relationship between energy-ICT and the development of the green energy economy. It is summarized that there are four lines of existing literature on energy-ICT: cost and benefit analysis, fair competition issues, cybersecurity issues, and promotion policy issues. Even though ICT is energy-consuming, most of the existing empirical studies support the idea that energy-ICT has net positive effects on energy savings, energy efficiency improvement, emission reduction, and economic growth at both enterprise and economy-wide levels. Energy-ICT equips the platform operator with higher bargaining power, such that a governance mechanism to assure the fair access right of each entitled participant is required. A smarter energy-ICT network also becomes riskier, and hence the cybersecurity protection is more important than before. Future research and development opportunities remain on these issues of the fair competition, cybersecurity, and promotion policy of energy-ICT.
Highlights
A green energy economy is characterized by the use of renewable and low-carbon energy resources to maintain economic development on a sustainable energy basis [1,2].due to weather and geographical conditions, renewable energy sources are often unstable
Thabit et al [17] conclude that the six drivers for developing green Information and communications technologies (ICTs) in developing economies are: costs, government legislation, political and social pressure, enlightened self-interest, environmental responsibilities for businesses, and new opportunities of the market
The second is the impact of energy-ICT on energy efficiency
Summary
A green energy economy is characterized by the use of renewable and low-carbon energy resources to maintain economic development on a sustainable energy basis [1,2]. The relationship between energy production and ICTs is not a brand new concept in the energy sector in the world It has become an increasingly developed business model, growing from merely applying ICT tools to including real-time energy production and management. Thabit et al [17] conclude that the six drivers for developing green ICT in developing economies are: costs, government legislation, political and social pressure, enlightened self-interest, environmental responsibilities for businesses, and new opportunities of the market These six drivers apply to the incorporation of ICT into a system such as energy. The International Renewable Energy Agency [18] summarizes that the energy service includes energy advice, energy assets, and energy management All these components in EaaS are inter-connected by a smart grid.
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