The Impact of COVID-19 on the Energy Sector and the Role of AI: An Analytical Review on Pre- to Post-Pandemic Perspectives

Arsad, Siti Rosilah; Hasnul Hadi, Muhamad Haziq; Mohd Afandi, Nayli Aliah; Ker, Pin Jern; Tang, Shirley Gee Hoon; Mohd Afzal, Madihah; Ramanathan, Santhi; Chen, Chai Phing; Krishnan, Prajindra Sankar; Tiong, Sieh Kiong

doi:10.3390/en16186510

Cited by 6 publications

(5 citation statements)

References 91 publications

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“…To achieve sustainability in the energy sector, embracing cleaner, more efficient energy technologies and systems is crucial. This includes investing in renewable energy, improving energy efficiency across all sectors of the economy, and developing smart grids and energy storage solutions to enhance the reliability and resilience of the energy system [124][125][126] . Environmental impacts of the energy sector are significant and multifaceted, posing challenges to global sustainability goals.…”

Section: Sustainability and Marketing In The Energy Sectormentioning

confidence: 99%

Sustainability marketing strategies for the energy sector: Trends, challenges, and future directions

Durmus Senyapar

2024

Environ. Soc. Psychol.

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This study delves into the complex dynamics of sustainable marketing within the energy sector, aiming to unravel the intersection of sustainability principles and marketing strategies that promote environmental stewardship, economic viability, and social equity. Through exploratory qualitative research, the study uncovers critical trends in sustainable marketing, addressing the challenge of aligning strategies with environmental, economic, and social goals. A strategic shift is observed in integrating renewable energy sources, emphasizing environmental benefits and global alignment with sustainability goals. Transparent communication and ethical practices are pivotal, fostering consumer trust and authentic storytelling and establishing a foundation for a trustworthy energy sector. The emphasis on energy efficiency solutions and digital marketing platforms contribute to an informed and empowered consumer base. Customizable energy solutions, incentive programs, collaborative campaigns, and sustainable branding enhance market appeal, reinforcing economic benefits and positioning companies as leaders in transitioning to a sustainable energy future. The critical findings highlight integrating renewable energy sources, a shift towards transparency and ethical marketing practices, promoting energy efficiency solutions, leveraging digital platforms, offering customizable solutions, and engaging in collaborative campaigns with sustainable branding. Synthesizing these findings, the study provides a holistic perspective on strategies contributing to a resilient and eco-conscious future in the energy sector. Energy companies can leverage these insights to refine marketing strategies, align with global sustainability goals, foster consumer trust, and position themselves as leaders in transitioning to a sustainable energy future.

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Section: Sustainability and Marketing In The Energy Sectormentioning

confidence: 99%

Sustainability marketing strategies for the energy sector: Trends, challenges, and future directions

Durmus Senyapar

2024

Environ. Soc. Psychol.

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“…SAFs (Sustainable Aviation Fuels), an important product of the two energy parks, are fabricated from olivine and other plant wastes, and SAF is commonly used on commercial flights, which contributes to the decarbonisation of the European aviation industry [10,45]. At the same time, existing refineries in the energy zones are working to reduce the hydrocarbon content of crude oil to meet decarbonisation targets [46], while refining it into higher value-added products [47]. A portion of recycled and renewable feedstocks utilised in energy parks is anticipated to increase to 15% by 2030 as a crucial component of the circular economy (CEPSA integrated management report, 2022).…”

Section: Data Source and Analysismentioning

confidence: 99%

“…In response to this risk, Shell has developed the Renewables and Energy Solutions business in 2020. The business is primarily involved in renewable energy generation, natural gas, the trading of carbon credits, and the production and marketing of hydrogen [45][46][47]. The business also includes the development of carbon capture and storage centres, while Shell Venture was established to accelerate the pace of Shell's ESG transformation by investing in companies that are transforming energy and transport (Shell's 2022 annual report) [50].…”

Section: Comparison Of Roa Roe and Em Between Cepsa And Shellmentioning

confidence: 99%

Examining the Interplay between CEPSA’s ESG Performance and Financial Performance: An Overview of the Energy Sector Transformation

Hu,

Hassan,

Atif

2024

Sustainability

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This study delves into the financial performance of the Compañía Española de Petróleos, S.A.U. (CEPSA) within the context of the ongoing ESG transformation in the Energy Sector. The primary aim of this research is to understand the critical dimensions essential for evaluating energy companies’ ESG performances. The research assesses the changes in CEPSA’s financial indicators over the last five years (2018–2022). The report uses DuPont analysis to evaluate CEPSA’s environmental and social responsibility performances. The study examines several financial performance metrics, including return on net assets, profitability, and corporate financing structure changes. The methodology of this study comprehensively assesses CEPSA’s sustainable development trajectory and ESG management system. The analysis reveals that CEPSA has consistently improved its sustainable development capabilities over the last five years by establishing a comprehensive ESG management system. While return on net assets and profitability indicators have shown positive trends, the financing structure has changed significantly. Notably, the proportion of debt financing has increased substantially, and there is a slight decline in the net profit margin. The formal transformation in 2020 further influenced increases in liabilities and fixed assets for CEPSA. The study focuses on CEPSA’s sustained improvements in ESG management and the associated shifts in financial metrics, adding originality to the study and offering a nuanced perspective on the evolving landscape of sustainable practices. The study reveals the financial implications of ESG transformation in the energy sector and offers valuable insights for stakeholders. Moreover, this research contributes to the existing literature by employing the DuPont analysis system to explore the intricate relationship between ESG performance and financial indicators in the energy sector.

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“…This is because there was an overshooting of supply chains. The economic deconstruction entailed a struggle with the effects of the economic crisis during and after the pandemic [102,103], including the issuing of new regulations. In many countries, legislators focused on countering the effects of forced changes in investment schedules.…”

Section: The Impact Of the Covid-19 Pandemic On The Development Of Re...mentioning

confidence: 99%

“…Current studies [119][120][121][122] show that wind-power plants are also located in sites with less than good wind conditions [102][103][104]. This is made possible by increasingly better technologies.…”

mentioning

confidence: 99%

Reviewing the Situation and Prospects for Developing Small Renewable Energy Systems in Poland

Witkowska-Dąbrowska,

Świdyńska,

Napiórkowska-Baryła

2023

Energies

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The objective of this study was to evaluate changes in the number of small renewable energy sources (RES) power plants and the volume of generated energy in the years 2016–2020, with an outlook to year 2025. The study covered the area of Poland, including the division into provinces and different sources of renewable energy. Absolute values of electric power production and sale were presented, in addition to calculated structure indices. Moreover, the number and structure of small power plants using different renewable energy sources was determined for every Polish province. A classification of the provinces was made, where four classes were distinguished depending on the number of RES plants operating in the provinces. The research results allowed us to diagnose the current situation and make a prognosis for the future, which may translate into support for the development of particular types of installations, depending on the natural and economic characteristics of each area. The added value of the study stems from the fact that previous reports focused mainly on micro or large power plants and the time span covered data before and during the pandemic. This made it possible to assess the impact of the pandemic on the development of small renewable energy sources.

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The Impact of COVID-19 on the Energy Sector and the Role of AI: An Analytical Review on Pre- to Post-Pandemic Perspectives

Cited by 6 publications

References 91 publications

Sustainability marketing strategies for the energy sector: Trends, challenges, and future directions

Sustainability marketing strategies for the energy sector: Trends, challenges, and future directions

Examining the Interplay between CEPSA’s ESG Performance and Financial Performance: An Overview of the Energy Sector Transformation

Reviewing the Situation and Prospects for Developing Small Renewable Energy Systems in Poland

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