ItemArticle

NET ZERO TRANSITION TOWARDS DECARBONIZATION IN CONTEXT OF ENERGY SECTOR

Title
NET ZERO TRANSITION TOWARDS DECARBONIZATION IN CONTEXT OF ENERGY SECTOR
Creator
Srivastava, Shefali; Shetty, Lakshmi; Dwivedi, Ashish; Agrawal, Dindayal; Patil, Anchal; Pamucar, Dragan
Description
The study provides an identification and analysis of potential enablers that facilitate transition towards net zero in the energy sector through Multi Criteria Decision-Making (MCDM) framework. The identified enablers and causal relationships between them in terms of decarbonization initiatives are studied using the DEMATEL method and combining trapezoidal fuzzy numbers (TFNs). The research design involves an overarching review of thirteen potential enablers to net zero transition within the energy sector, in order of their impact and causality. Top-ranked enablers that would have the greatest impact in achieving the energy transition were carbon pricing mechanisms, waste-to-energy conversion, decentralized energy systems and circular procurement policies. The research indicates that the enablers show causal pathways that are interconnected and can take place as both causes and effects in the decarbonization framework. Application of DEMATEL method using TFNs increases the strength of causal relationship derivation. The study adds to the literature on enabling net zero transition in energy and highlights the importance of a conceptual approach involving a combination of policy, technology and principles of the circular economy. Such lessons can guide policy makers, industry players and academics in planning and speeding up the process to sustainable energy systems and world climate targets. 2026 Sciendo. All rights reserved.
Source
ECONOMICS - Innovative and Economics Research Journal;Volume;14;Issue;1;pp.483-514
Date
01-01-2026
Publisher
Sciendo
Subject
Carbon pricing; Circular economy; Decarbonization; DEMATEL method; Enablers; Energy sector; Multi-Criteria Decision Making (MCDM); Net zero transition; Sustainable energy; Trapezoidal fuzzy numbers
Coverage
Srivastava S., Operations and Decision Sciences, Christ University, Bengaluru, India; Shetty L., Department of Management, Symbiosis Centre for Management Studies, Bengaluru, Symbiosis International (Deemed University, Pune, India; Dwivedi A., Jindal Global Business School, O.P. Jindal Global University, Sonipat, India; Agrawal D., Institute of Management Technology, Ghaziabad, India; Patil A., IMI Delhi, New Delhi, India; Pamucar D., Sustainability Competence Centre, Szhenyi Istv University, Gy?r, Hungary
Rights
All Open Access; Gold Open Access; Green Open Access
Relation
ISSN: 23035005;
Format
online
Language
English
Type
Article

Citation

Srivastava, Shefali; Shetty, Lakshmi; Dwivedi, Ashish; Agrawal, Dindayal; Patil, Anchal; Pamucar, Dragan, “NET ZERO TRANSITION TOWARDS DECARBONIZATION IN CONTEXT OF ENERGY SECTOR,” CHRIST (Deemed To Be University) Institutional Repository, accessed June 18, 2026, https://archives.christuniversity.in/items/show/23418.

Output Formats