Issue |
E3S Web Conf.
Volume 574, 2024
1st International Scientific Conference “Green Taxonomy for Sustainable Development: From Green Technologies to Green Economy” (CONGREENTAX-2024)
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Article Number | 01001 | |
Number of page(s) | 9 | |
Section | Sustainable Energy | |
DOI | https://doi.org/10.1051/e3sconf/202457401001 | |
Published online | 02 October 2024 |
Impact of Digitalization in the Energy Sector on Energy Consumption
Egypt-Japan University for Science and Technology (E-JUST), Helwan University – Egypt, Alexandria, Egypt
* Corresponding author: hanan.amin@ejust.edu.eg
The digital transformation in the energy sector has the potential to change the energy consumption patterns. The adoption of smart energy technologies is not always yielding positive impact on the energy consumption patterns which is highly determinant by the end-users’ behavior. The adoption of energy digitalization and enabling users to easily trace peak consumptions can trigger the motive to conserve energy. However, the prevalence of rebound backfire effect induced by the cost reduction accompanied by the enhanced energy efficiency is probable. This study examines the impact of energy digitalization in a sample of 29 developed countries by utilizing the OLS panel regression model with fixed-effect estimation during the period 1991-2021. The results confirmed the existence of a positive impact where an increase in the energy R&D by 1% yields an increase in energy consumption by 0.0039%. Despite of the limited size of potential rebound, it should be considered critically to avoid undesired policy consequences.
Key words: Digitalization / Energy / Consumption
© The Authors, published by EDP Sciences, 2024
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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