Adoption of renewable energy, natural resources with conversion information communication technologies and environmental mitigation: Evidence from G-7 countries
The study signifies how environmental sustainability is influenced by renewable energy, information communication technology, gross domestic product, gross capital formation, urban population, and total natural resources of G-7 countries. This research approached annual data from 2000 to 2017 for an...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Elsevier
2022-11-01
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| Series: | Energy Reports |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2352484722016924 |
| _version_ | 1797901856742047744 |
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| author | Muddassar Sarfraz Sobia Naseem Muhammad Mohsin |
| author_facet | Muddassar Sarfraz Sobia Naseem Muhammad Mohsin |
| author_sort | Muddassar Sarfraz |
| collection | DOAJ |
| description | The study signifies how environmental sustainability is influenced by renewable energy, information communication technology, gross domestic product, gross capital formation, urban population, and total natural resources of G-7 countries. This research approached annual data from 2000 to 2017 for analytical purposes and applied amalgamated econometric methods such as the first & second generation of econometric techniques, i.e., the Unit-root test, the Johansen cointegration method, the fully modified ordinary least square, the quantile regression, and the vector error correction model. The quantile regression and Fully- Modified Ordinary Least Square (FMOLS) results showed the increasing trend in renewable energy, information communication technology, Gross Domestic Product (GDP), and Gross Capital Formation (GCF) deteriorates the quality of the environment with a growing trend in CO2 emission. The Vector Error Correction (VEC) model confirms the long and short-run relationship among variables, and findings are consistent with quantile regression and the FMOLS test The urban population and total natural resources have shown negative significance, positively affecting environmental sustainability in G-7 countries. The urban population with environmental awareness and natural resources with increasing revenue of individual country become the reason for environmental degradation mitigation. The government of G-7 countries, policymakers, environmentalists, and economists should concern with the mitigation of environmental deterioration with the development of the digital economy. |
| first_indexed | 2024-04-10T09:08:33Z |
| format | Article |
| id | doaj.art-355cbd47394a45f9b2aa7438dca20d41 |
| institution | Directory Open Access Journal |
| issn | 2352-4847 |
| language | English |
| last_indexed | 2024-04-10T09:08:33Z |
| publishDate | 2022-11-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Energy Reports |
| spelling | doaj.art-355cbd47394a45f9b2aa7438dca20d412023-02-21T05:13:06ZengElsevierEnergy Reports2352-48472022-11-0181110111111Adoption of renewable energy, natural resources with conversion information communication technologies and environmental mitigation: Evidence from G-7 countriesMuddassar Sarfraz0Sobia Naseem1Muhammad Mohsin2School of Management, Zhejiang Shuren University, 310015 Hangzhou, Zhejiang, PR ChinaSchool of Finance and Economics, Jiangsu University, Zhenjiang, Jiangsu Province, PR China; Institute of Industrial Economics, Jiangsu University, Zhenjiang, Jiangsu Province, ChinaSchool of Business, Hunan University of Humanities, Science and Technology, 417000, Loudi, Hunan, PR China; Corresponding author.The study signifies how environmental sustainability is influenced by renewable energy, information communication technology, gross domestic product, gross capital formation, urban population, and total natural resources of G-7 countries. This research approached annual data from 2000 to 2017 for analytical purposes and applied amalgamated econometric methods such as the first & second generation of econometric techniques, i.e., the Unit-root test, the Johansen cointegration method, the fully modified ordinary least square, the quantile regression, and the vector error correction model. The quantile regression and Fully- Modified Ordinary Least Square (FMOLS) results showed the increasing trend in renewable energy, information communication technology, Gross Domestic Product (GDP), and Gross Capital Formation (GCF) deteriorates the quality of the environment with a growing trend in CO2 emission. The Vector Error Correction (VEC) model confirms the long and short-run relationship among variables, and findings are consistent with quantile regression and the FMOLS test The urban population and total natural resources have shown negative significance, positively affecting environmental sustainability in G-7 countries. The urban population with environmental awareness and natural resources with increasing revenue of individual country become the reason for environmental degradation mitigation. The government of G-7 countries, policymakers, environmentalists, and economists should concern with the mitigation of environmental deterioration with the development of the digital economy.http://www.sciencedirect.com/science/article/pii/S2352484722016924Environmental deteriorationRenewable energyNatural resourcesICTSustainable developmentResources integration |
| spellingShingle | Muddassar Sarfraz Sobia Naseem Muhammad Mohsin Adoption of renewable energy, natural resources with conversion information communication technologies and environmental mitigation: Evidence from G-7 countries Energy Reports Environmental deterioration Renewable energy Natural resources ICT Sustainable development Resources integration |
| title | Adoption of renewable energy, natural resources with conversion information communication technologies and environmental mitigation: Evidence from G-7 countries |
| title_full | Adoption of renewable energy, natural resources with conversion information communication technologies and environmental mitigation: Evidence from G-7 countries |
| title_fullStr | Adoption of renewable energy, natural resources with conversion information communication technologies and environmental mitigation: Evidence from G-7 countries |
| title_full_unstemmed | Adoption of renewable energy, natural resources with conversion information communication technologies and environmental mitigation: Evidence from G-7 countries |
| title_short | Adoption of renewable energy, natural resources with conversion information communication technologies and environmental mitigation: Evidence from G-7 countries |
| title_sort | adoption of renewable energy natural resources with conversion information communication technologies and environmental mitigation evidence from g 7 countries |
| topic | Environmental deterioration Renewable energy Natural resources ICT Sustainable development Resources integration |
| url | http://www.sciencedirect.com/science/article/pii/S2352484722016924 |
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