Issue logo

Jurnal Ekonomi Malaysia

56 (1) 2022 71 – 91

Decarbonizing the Global Electricity Sector through Demand-Side Management: A Systematic Critical Review of Policy Responses
Penyahkarbonan Sektor Elektrik Global Melalui Pengurusan Sebelah Permintaan: Kajian Kritikal Sistematik Terhadap Tindak Balas Dasar

Faculty of Management Sciences
Alhikmah University
Adewole Estate, PMB 1601 Ilorin
NIGERIA.

qozeemalasinrin@yahoo.com

Faculty of Economics and Management
Universiti Kebangsaan Malaysia
43600 UKM Bangi, Selangor
MALAYSIA.

norghani@ukm.edu.my

College of Computing & Informatics (CCI)
Universiti Tenaga Nasional (UNITEN)
Putrajaya Campus, Jalan IKRAM-UNITEN
43000 Kajang, Selangor
MALAYSIA.

moamin@uniten.edu.my

Institute of Climate Change
Universiti Kebangsaan Malaysia
43600 UKM Bangi, Selangor
MALAYSIA.

rawshan@ukm.edu.my

Abstract

This paper provides an up-to-date and comprehensive systematic literature review (SLR) of the existing research on long-term electricity decarbonization which is dominated by the global scenarios of Integrated Assessment Models. The aim is to synthesize and extend current understanding on the  existing supply-side solutions and demand-side technological options despite the broader range of co-benefits and the latter’s lesser risk. We achieve this by adopting a two-step systematic literature review approach to analyse and review SLR datasets consisting of 103 empirical studies conducted in Asia, Europe, and North America countries in economics and environmental economics from 1994 to 2018 and published in Web of Science and Scopus indexed journals. We find that demand-side policy studies are predominantly carried out in Asia, Europe, and North America. The US contributes more than one-quarter of the studies reviewed, most of which were published after US withdrawal from the Paris Agreement. Three types of Demand-Side Management (DSM) are identified namely energy efficiency, energy conservation, and demand response policies. The corresponding policy instruments can be categorised into six basic categories. We further found that these instruments are not always implemented for emissions reduction. In addition, energy-saving is found to be the reason for DSM implementation.  The findings suggest that demand-side solutions through policies need to be fully exploited to achieve carbon emission targets from the electricity sector or energy sector in general.

 

Keywords

carbon emission target; climate change; Demand-side management; electricity decarbonization policy; energy efficiency

JEL Codes

Q28, Q41, Q48, Q51, Q54
http://dx.doi.org/10.17576/JEM-2022-5601-06
No. of views: 660
View Full Text

Similar Articles

  1. Factors Affecting Water Demand: Macro Evidence in Malaysia
  2. Willingness to Pay for Renewable Energy: Evidence From High Wind and Wave Energy Potential Areas
  3. Does Oil Consumption Respond Asymmetrically to Oil Price, Exchange Rate and Income Differentials?

Bibliography

Export Bibliography

Said, F. F., Babatunde, K. A., Md Nor, N. G., Mahmoud, M. A., & Begum, R. A. (2022). Decarbonizing the Global Electricity Sector through Demand-Side Management: A Systematic Critical Review of Policy Responses. Jurnal Ekonomi Malaysia, 56(1), 71–91. http://dx.doi.org/10.17576/JEM-2022-5601-06

@article{said2022decarbonizing,
  title={Decarbonizing the Global Electricity Sector through Demand-Side Management: A Systematic Critical Review of Policy Responses},
  author={Said, Fathin Faizah and Babatunde, Kazeem Alasinrin and Md Nor, Nor Ghani and Mahmoud, Moamin A. and Begum, Rawshan Ara},
  journal={Jurnal Ekonomi Malaysia},
  volume={56},
  number={1},
  pages={71—91},
 

year={2022},
}

Receive updates when new articles are published.