Energy transition on the horizon: Highlights and lowlights within the power energy sector for supply chains decarbonization

Abstract

Abstract We live demanding times and after two pandemic years the energy prices are rising worldwide. The world is hungry for energy and climate change calls for lower emissions. The major power energy sector challenges are the increased energy demand due to industrial activity, climate change, demographic pressures, and urbanization trends, including pandemic. The companies need efficient and reliable energy and decarbonization technologies to succeed. Industries and power generation companies had to take on many challenges while running their business operations. However, the process of decarbonization takes time and includes the energy transition away from conventional fuels, from coal to gas and then to hybrid systems with renewables and cleaner fuels, such as hydrogen. The aim of this paper is to set a basis to pinpoint the subject of “Supply chains Decarbonization” within the Power energy sector as one of the tough challenges yet to come. The main objective of this article research is to provide a critical review of the commitments for decarbonization of supply-chains with focus on the power energy sector, based on international business experts and research articles. The methodologies used for this research is based on very recent research papers and studies review of major consulting groups, publishers, and energy sustainability councils. Pros and cons hypotheses are being organized as Highlights/ Lowlights over long or short run, in the conjecture of various consulting experts. The findings reveal that consulting groups express concerns and attention for the risks, some of the risks could be significant, results are less to be noted in the short run, but the results and the achievements are to be considered in the longer period. Google trend shows that the syntagms of “decarbonization” and “energy transition” are well known and searched.