Net zero transition towards decarbonization in context of energy sector

Srivastava, Shefali, Shetty, Lakshmi, Dwivedi, Ashish ORCID: https://orcid.org/0000-0003-2943-0066, Agrawal, Dindayal, Patil, Anchal and Pamucar, Dragan (2026) Net zero transition towards decarbonization in context of energy sector. Economics: Innovative and Economic Research Journal, 14 (1). pp. 483-514. ISSN 2303-5005

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Abstract

The study provides an identification and analysis of potential enablers that facilitate transition towards net zero in the energy sector through a 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 combined with 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 the 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 policymakers, industry players, and academics in planning and speeding up the process toward sustainable energy systems and world climate targets.

Item Type: Article
Uncontrolled Keywords: Multi-Criteria Decision Making (MCDM) | DEMATEL method | Trapezoidal fuzzy numbers | Energy sector | Net zero transition | Decarbonization | Enablers | Circular economy | Carbon pricing | Sustainable energy
Subjects: Social Sciences and humanities > Business, Management and Accounting > Strategy and Management
Social Sciences and humanities > Business, Management and Accounting > General Management
Divisions: Jindal Global Business School
Depositing User: Mr. Arjun Dinesh
Date Deposited: 18 Mar 2026 16:47
Last Modified: 18 Mar 2026 16:47
Official URL: https://doi.org/10.2478/eoik-2026-0023
URI: https://pure.jgu.edu.in/id/eprint/11042

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