| Title | The synergy effect through combination of the digital economy and transition to renewable energy on green economic growth: Empirical study of 18 Latin American and caribbean countries |
|---|---|
| ID_Doc | 62797 |
| Authors | Hwang, YK |
| Title | The synergy effect through combination of the digital economy and transition to renewable energy on green economic growth: Empirical study of 18 Latin American and caribbean countries |
| Year | 2023 |
| Published | |
| Abstract | Tremendous effects on the global economy in terms of economic, social and environmental costs remind us of the catastrophic consequences of climate change and global warming caused by CO(2 )emissions. Therefore, accelerating decarbonization of the global energy system should be put in place to curb large amount of CO2 emission from hydrocarbon energy sources on which the current global value chain of production heavily relies.This study focuses on analyzing the effects of renewable energy transition, the digital economy, and the synergy between them on green economic growth in 18 Latin American countries. To capture the multidimensionality of these transitions, the Renewable Energy Transition Index (RETI) and the Digital Economy Index (DEI) are developed using the Principal Component Factor (PCF) technique. The FixedEffect Panel Threshold Regression (FEPTR) substantiates that renewable energy transition has a significant threshold effect on economic growth and environmental sustainability depending on the level of income and carbon emissions. On the other hand, the Method of Moments Quantile Regression (MMQR) shows that both renewable energy transition and the digital economy have a significant positive impact on economic growth in all quantile groups. For the environmental sustain-ability, only renewable energy transition is found to have a positive impact in all quantile groups. From the synergistic effect perspectives, the CO2 emissions reduction is observed in both the low and middle quantile groups, but the economic growth promotion is only observed in a low quantile group. |
| https://doi.org/10.1016/j.jclepro.2023.138146 |
Similar Articles
| ID | Score | Article |
|---|---|---|
62613
|
Xiong, S; Luo, R Investigating the relationship between digital trade, natural resources, energy transition, and green productivity: Moderating role of R&D investment(2023) | |
| 32414
|
Han, YR; Javaid, MQ; Ali, MSE; Zada, M Revisiting the nexus between digital trade, green technological innovation, and environmental sustainability in BRICS economies(2024)Environmental Science And Pollution Research, 31, 6 | |
| 31610
|
Lv, ZJ; Chen, L; Ali, SA; Muda, I; Alromaihi, A; Boltayev, JY Financial technologies, green technologies and natural resource nexus with sustainable development goals: Evidence from resource abundant economies using MMQR estimation(2024) | |
| 62240
|
Huang, CC; Lin, BQ How digital economy index selection and model uncertainty will affect energy green transition(2024) | |
| 62648
|
Zhang, SS; Ma, XY; Cui, Q Assessing the Impact of the Digital Economy on Green Total Factor Energy Efficiency in the Post-COVID-19 Era(2021) | |
| 33658
|
Ali, K; Du, JG; Kirikkaleli, D; Mentel, G; Altuntas, M Testing the role of digital financial inclusion in energy transition and diversification towards COP26 targets and sustainable development goals(2023) | |
| 32447
|
Liza, FF; Ahmad, F; Wei, LL; Ahmed, K; Rauf, A Environmental technology development and renewable energy transition role toward carbon-neutrality goals in G20 countries(2024) | |
| 62579
|
Saqib, N; Mahmood, H; Murshed, M; Duran, IA; Ben Douissa, I Harnessing digital solutions for sustainable development: a quantile-based framework for designing an SDG framework for green transition(2023)Environmental Science And Pollution Research, 30, 51 | |
| 32000
|
Haldar, A; Sethi, N Environmental effects of Information and Communication Technology - Exploring the roles of renewable energy, innovation, trade and financial development(2022) | |
| 33045
|
Yin, XM; Zhang, J; Ji, JY Nonlinear impact of digital economy on carbon intensity: the moderating role of low-carbon regulation(2023)Environmental Science And Pollution Research, 30.0, 58 |