A Framework for Modeling the Decarbonization of the Economy Based on Energy Innovations in the Context of Industry 5.0 and Sustainable Development: International Perspective
Maryna Kravchenko
National Technical University of Ukraine, Igor Sikorsky Kyiv Polytechnic Institute (Ukraine)
https://orcid.org/0000-0001-5405-0159
Kateryna Kopishynska
kopishynska@ukr.netNational Technical University of Ukraine, Igor Sikorsky Kyiv Polytechnic Institute (Ukraine)
https://orcid.org/0000-0002-1609-2902
Olena Trofymenko
National Technical University of Ukraine, Igor Sikorsky Kyiv Polytechnic Institute (Ukraine)
https://orcid.org/0000-0002-2339-0377
Ivan Pyshnograiev
National Technical University of Ukraine, Igor Sikorsky Kyiv Polytechnic Institute (Ukraine)
https://orcid.org/0000-0002-3346-8318
Kateryna Boiarynova
National Technical University of Ukraine, Igor Sikorsky Kyiv Polytechnic Institute (Ukraine)
https://orcid.org/0000-0001-5879-2213
Abstract
The concept of Industry 5.0 emerges as a catalyst for accelerating sustainable development across various economic sectors. This article is devoted to the development of a framework for modeling the decarbonization of the economy based on energy innovation in the context of Industry 5.0 and sustainable development. The purpose of the article is to identify the stimulating factors for increasing the level of decarbonization, which corresponds to the Global Sustainable Development Goals adopted by the UN in 2015, especially Goal 7 Affordable and Clean Energy, Goal 9 Industry, Innovation, and Infrastructure, Goal 13 Climate Action and Goal 17 Partnerships for the Goals. Approaches to the formation of Industry 5.0 indicators, taking into account indicators of sustainable development and decarbonization of the economy, in particular, the Energy Transition Index, Global Innovation Energy Index, Digital Economy and Society Index, World Energy Trilemma Index, are investigated. The choice of Industry 5.0 components with indicators for the assessment of decarbonization, taking into account the components of sustainability, resilience and human-centricity, is justified. These include Energy intensity level of primary energy; Fossil CO2 Emissions in Power Sector; Patents in Climate change mitigation technology; Research and development expenditure; Industry (including construction), value added (% of GDP); Information and communication technologies (ICTs); Knowledge workers; Human capital and research. A cluster analysis of the level of decarbonization for the 26 countries selected for the study from Europe, Asia and North America is carried out. Taking into account the factors studied, the factors influencing the level of decarbonization are identified based on multivariate regression modelling. Recommendations on accelerating the decarbonization of the economy are provided, taking into account the experience of leading countries.
Keywords:
decarbonization, energy innovations, Industry 5.0, sustainable development, multivariate regressionReferences
1. ASIF M., SEARCY C., CASTKA P., 2023, ESG and Industry 5.0: The role of technologies in enhancing ESG disclosure, Technological Forecasting and Social Change 195, https://doi.org/10.1016/j.techfore.2023.122806.
DOI: https://doi.org/10.1016/j.techfore.2023.122806
Google Scholar
2. DESI, 2022, Digital Economy and Society Index, https://digital-strategy.ec.europa.eu/en/library/digital-economy-and-society-index-desi-2022 (2.03.2024).
Google Scholar
3. EDGAR, 2024, Emissions Database for Global Atmospheric Research, https://edgar.jrc.ec.europa.eu/ (01.02.2024).
Google Scholar
4. EUROPEAN COMMISSION, 2021, Industry 5.0. Towards a sustainable, humancentric and resilient European industry, https://research-and-innovation.ec.europa.eu/news/all-research-and-innovation-news/industry-50-towards-more-sustainable-resilient-and-human-centric-industry-2021-01-07_en (03.01.2024).
Google Scholar
5. EUROPEAN COMMISSION, 2023, Report on the state of the Digital Decade, https://digital-strategy.ec.europa.eu/en/library/2023-report-state-digital-decade (04.01.2024).
Google Scholar
6. EUROPEAN COMMISSION, 2020, European Green Deal, https://commission.europa.eu/strategy-and-policy/priorities-2019-2024/european-green-deal/delivering-european-green-deal_en (01.03.2024).
Google Scholar
7. EURPEAN COMMISSION, 2023, Report On The Stage Of The Digital Decade, https://digital-decade-desi.digital-strategy.ec.europa.eu/datasets/desi/charts (01.03.2023).
Google Scholar
8. FROST & SULLIVAN, 2019, Industry 5.0 – Bringing Empowered Humans Back to the Shop Floor, https://www.frost.com/frost-perspectives/industry-5-0-bringing-empowered-humans-back-to-the-shop-floor/ (02.02.2024).
Google Scholar
9. HAUBER G., 2023, Norway’s Sleipner and Snøhvit CCS: Industry models or cautionary tales?, https://ieefa.org/resources/norways-sleipner-and-snohvit-ccs-industry-models-or-cautionary-tales (05.03.2024).
Google Scholar
10. HEMSTRÖM O., 2022, Sweden's Smart Energy Ecosystem, Business Sweden, https://www.business-sweden.com/insights/articles/swedens-smart-energy-ecosystem/ (01.03.2024).
Google Scholar
11. HM GOVERNMENT, 2021, Net Zero Strategy: Build Back Greener, https://assets.publishing.service.gov.uk/media/6194dfa4d3bf7f0555071b1b/net-zero-strategy-beis.pdf (02.02.2024).
Google Scholar
12. IEA, 2022, Tracking clean energy innovation: Focus on China, https://iea.blob.core.windows.net/assets/6a6f3da9-d436-4b5b-ae3b-2622425d2ae4/TrackingCleanEnergyInnovation-FocusonChina_FINAL.pdf (03.02.2024).
Google Scholar
13. KRAVCHENKO M., TROFYMENKO O., KOPISHYNSKA K., PYSHNOGRAIEV I., 2023, Assessing the Development of Energy Innovations and Its Impact on the Sustainable Development of Countries, System Analysis and Artificial Intelligence 1170, https://doi.org/10.1007/978-3-031-37450-0_24.
DOI: https://doi.org/10.1007/978-3-031-37450-0_24
Google Scholar
14. LABANCA N., PEREIRA A. G., WATSON M., KRIEGER K., PADOVAN D., WATTS L., MOEZZI M., WALLENBORN G., WRIGHT R., LAES E., FATH B. D., RUZZENENTI F., MOOR T., BAUWENS T., MEHTA L., 2020, Transforming innovation for decarbonization? Insights from combining complex systems and social practice perspectives, Energy Research & Social Science 65, https://doi.org/10.1016/j.erss.2020.101452.
DOI: https://doi.org/10.1016/j.erss.2020.101452
Google Scholar
15. LING S., JIN S., WANG H., ZHANG Z., FENG Y., 2024, Transportation infrastructure upgrading and green development efficiency: Empirical analysis with double machine learning method, Journal of Environmental Management 358, https://doi.org/10.1016/j.jenvman.2024.120922.
DOI: https://doi.org/10.1016/j.jenvman.2024.120922
Google Scholar
16. MASOOMI B., GHASEMIAN SAHEBI I., GHOBAKHLOO M., MOSAYEBI A., 2023, Do industry 5.0 advantages address the sustainable development challenges of the renewable energy supply chain? Sustainable Production and Consumption, 43: 94-112, https://doi.org/10.1016/j.spc.2023.10.018.
DOI: https://doi.org/10.1016/j.spc.2023.10.018
Google Scholar
17. MIRALLES-QUIRÓS M. M., MIRALLES-QUIRÓS J. L., 2022, Decarbonization and the Benefits of Tackling Climate Change, Int J Environ Res Public Health 19(13): 7776, https://doi.org/10.3390/ijerph19137776.
DOI: https://doi.org/10.3390/ijerph19137776
Google Scholar
18. SLAVIC D., MARJANOVIC U., MEDIC N., SIMEUNOVIC N., RAKIC S., 2024, The Evaluation of Industry 5.0 Concepts: Social Network Analysis Approach, Appl. Sci. 14: 1291, https://doi.org/10.3390/ app14031291.
DOI: https://doi.org/10.3390/app14031291
Google Scholar
19. SMITH Ch., HART D., 2021, The 2021 Global Energy Innovation Index: National contributions to the global clean energy innovation system, Information Technology and Innovation Foundation, https://www2.itif.org/2021-global-energy-innovation-index.pdf (1.03.2024).
Google Scholar
20. SWITZERLAND GLOBAL ENTERPRISE, 2021, Advanced Manufacturing Switzerland, https://www.greaterzuricharea.com/sites/default/files/2023-01/Factsheet%20Advanced%20Manufacturing%20Switzerland%20S-GE%202021%20%28EN%29_0.pdf (01.03.2024).
Google Scholar
21. U.S. DEPARTMENT OF TRANSPORTATION, 2023, National Blueprint for Transportation Decarbonization, https://www.energy.gov/sites/default/files/2023-01/the-us-national-blueprint-for-transportation-decarbonization.pdf (01.03.2024).
Google Scholar
22. UNITED STATES DEPARTMENT OF STATE, 2023, National Innovation Pathway Of The United States, https://www.whitehouse.gov/wp-content/uploads/2023/04/US-National-Innovation-Pathway.pdf (03.03.2024).
Google Scholar
23. VAN BUUREN, S., 2018, Flexible Imputation of Missing Data, Second Edition (2nd ed.), Chapman and Hall/CRC, https://doi.org/10.1201/9780429492259.
DOI: https://doi.org/10.1201/9780429492259
Google Scholar
24. VERDOLINI E., TORREGGIANI L., GIAROLA S., TAVONI M., HAFSTEAD M., ANDERSON L., 2023, Industrial Deep Decarbonization: Modeling Approaches and Data Challenges, Washington, USA.
Google Scholar
25. WIPO, 2024, Global Innovation Index, https://www.wipo.int/global_innovation_index/en/ (01.02.2024).
Google Scholar
26. WORLD BANK, 2024, World Bank Open Data, https://data.worldbank.org/ (01.03.2024).
Google Scholar
27. WORLD ECONOMIC FORUM, 2023, Fostering Effective Energy Transition 2023, https://www.weforum.org/publications/fostering-effective-energy-transition-2023/ (05.01.2024).
Google Scholar
28. WORLD ENERGY TRILEMMA INDEX, 2022, World Energy Council in partnership with Oliver Wyman, https://www.worldenergy.org/publications/entry/world-energy-trilemma-index-2022 (03.02.2024).
Google Scholar
29. WORLD RESOURCES INSTITUTE, 2020, Climate Watch, GHG Emissions, https://climatewatchdata.org/ghg-emissions (03.03.2024).
Google Scholar
Authors
Maryna KravchenkoNational Technical University of Ukraine, Igor Sikorsky Kyiv Polytechnic Institute Ukraine
https://orcid.org/0000-0001-5405-0159
Authors
Kateryna Kopishynskakopishynska@ukr.net
National Technical University of Ukraine, Igor Sikorsky Kyiv Polytechnic Institute Ukraine
https://orcid.org/0000-0002-1609-2902
Authors
Olena TrofymenkoNational Technical University of Ukraine, Igor Sikorsky Kyiv Polytechnic Institute Ukraine
https://orcid.org/0000-0002-2339-0377
Authors
Ivan PyshnograievNational Technical University of Ukraine, Igor Sikorsky Kyiv Polytechnic Institute Ukraine
https://orcid.org/0000-0002-3346-8318
Authors
Kateryna BoiarynovaNational Technical University of Ukraine, Igor Sikorsky Kyiv Polytechnic Institute Ukraine
https://orcid.org/0000-0001-5879-2213
Statistics
Abstract views: 53PDF downloads: 33
