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The electricity sector is facing its toughest test: eliminate carbon emissions while meeting much larger demands for power and adjusting to massive disruptions in its markets, technologies, business models, and policies. Peter Fox-Penner unwinds the industry's fast-moving challenges and makes realistic recommendations for this essential industry.

Electric power systems --- Renewable energy sources --- carbon pricing. --- clean energy. --- climate policies. --- decarbonization. --- electric power energy. --- electrification. --- energy efficiency. --- green new deal. --- power grid. --- renewable energy. --- utility business models. --- utility of the future. --- utility regulation.

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This special issue aims to contribute to the climate actions which called for the need to address Greenhouse Gas (GHG) emissions, keeping global warming to well below 2°C through various means, including accelerating renewables, clean fuels, and clean technologies into the entire energy system. As long as fossil fuels (coal, gas and oil) are still used in the foreseeable future, it is vital to ensure that these fossil fuels are used cleanly through abated technologies. Financing the clean and energy transition technologies is vital to ensure the smooth transition towards net zero emission by 2050 or beyond. The lack of long‐term financing, the low rate of return, the existence of various risks, and the lack of capacity of market players are major challenges to developing sustainable energy systems.This special collected 17 high-quality empirical studies that assess the challenges for developing secure and sustainable energy systems and provide practical policy recommendations. The editors of this special issue wish to thank the Economic Research Institute for ASEAN and East Asia (ERIA) for funding several papers that were published in this special issue.

Research & information: general --- Physics --- industrial energy intensity --- pollution emission intensity --- quantile DID method --- Beijing–Tianjin–Hebei coordinated development --- China --- environmental Kuznets curve --- CO2 emission --- energy efficiency --- economic growth --- panel ARDL --- DEA --- energy transition --- renewables --- hydrogen --- fossil fuels --- emissions --- FDIA --- blockchain --- data exchanging --- under-operating agents --- ISO --- electricity market --- Saudi Arabia --- energy sustainability --- world energy trilemma index --- Bayesian Belief Network --- green technology --- sustainability --- climate change --- Southeast Asia --- energy policy --- high-efficiency --- low-emission --- carbon dioxide emissions --- carbon pricing --- subcritical --- desulphurization --- denitrification --- cost–benefit analysis --- levelized cost of electricity --- energy supply security --- energy dependence --- energy diversity --- business as usual (BAU) --- Alternative Policy Scenarios (APSs) --- clean technologies --- and resiliency --- multi plant firms --- environmental assessment --- local-global performance --- wind energy --- power trade --- counterfactual scenario --- ASEAN --- natural gas --- multi-objective --- goal programming --- optimization --- allocation --- connectivity --- energy infrastructure --- Mekong Subregion --- green bonds --- post-COVID-19 era --- Asia and the Pacific --- green finance --- sustainable development --- thermal energy storage (TES) --- latent heat thermal energy storage (LHTES) --- circular economy --- environmental sustainability --- life cycle assessment (LCA) --- physico-chemical characterization --- Coats–Redfern model --- flammability --- integral model --- iso-conversional --- wind farm site selection --- multi-criteria decision-making system --- Analytic Hierarchy Process --- Semnan province --- ArcGIS