Abstract
World leaders have emphasized that to avoid dramatic consequences of climate change by the end of this century, global warming must be limited to 1.5°C. Achieving this goal requires a substantial reduction in greenhouse gas emissions, particularly carbon dioxide. The adoption of renewable energy presents numerous significant benefits over conventional fossil fuels, including environmental friendliness, sustainability, and safety. The digital age offers opportunities for energy system transition. This paper aims to address the main question: what is the enabling impact of digital technologies on penetration of renewable energy sources in the transition to climate-neutral society? The findings underscore the critical role of digital technologies in promoting the integration of renewable technologies and facilitating climate change mitigation efforts, as these technologies help to reduce information asymmetry, decrease production costs, and optimize resource allocation within the renewable energy sector. The results obtained may may serve for formulating policies aimed at improving energy systems for reducing carbon emissions, mitigation of climate change and protecting the environment.
Supporting Institution
Research Council of Lithuania (LMTLT)
Project Number
S-PD-24-77
Thanks
This project has received funding from the Research Council of Lithuania (LMTLT), agreement No S-PD-24-77.
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Details
| Primary Language | English |
|---|---|
| Subjects | Ecological Economics, Economic Theory (Other) |
| Journal Section | Articles |
| Authors | |
| Project Number | S-PD-24-77 |
| Early Pub Date | August 7, 2025 |
| Publication Date | |
| Submission Date | July 4, 2025 |
| Acceptance Date | July 12, 2025 |
| Published in Issue | Year 2025Volume: 11 Issue: 32 |
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