Revealing the role of renewable energy consumption and digitalization in energy-related greenhouse gas emissions—Evidence from the G7
The massive consumption of energy promotes rapid economic growth, but it also unavoidably results in a large amount of greenhouse gas emissions, which seriously hinders society’s green and low-carbon development. This paper aims to explore the real impact of renewable energy and digitalization on gr...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Frontiers Media S.A.
2023-07-01
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| Series: | Frontiers in Energy Research |
| Subjects: | |
| Online Access: | https://www.frontiersin.org/articles/10.3389/fenrg.2023.1197030/full |
| _version_ | 1797774963602620416 |
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| author | Yuze Chen Ying Chen Liuyue Zhang Zhi Li |
| author_facet | Yuze Chen Ying Chen Liuyue Zhang Zhi Li |
| author_sort | Yuze Chen |
| collection | DOAJ |
| description | The massive consumption of energy promotes rapid economic growth, but it also unavoidably results in a large amount of greenhouse gas emissions, which seriously hinders society’s green and low-carbon development. This paper aims to explore the real impact of renewable energy and digitalization on greenhouse gas emissions from an energy-related perspective using advanced panel econometrics methods based on G7 panel data for 1990–2020. Economic growth and energy efficiency are also considered as control variables. Due to the nonlinear properties of panel data, the moment quantile regression approach is utilized in this research. The findings show that slope heterogeneity is widespread, section-dependent, and has a long-term equilibrium relationship. In addition, digitalization, renewable energy, and energy efficiency can reduce energy-related greenhouse gas emissions and ease environmental pressures. Economic expansion, on the other hand, remains an important positive driver for energy-related greenhouse gas emissions. The results of this study are robust and the causal relationships between variables are tested. Based on the conclusion presented above, this study advises the G7 economies to expand investments in renewable energy and digitalization to promote energy system transformation and pave the road for global decarbonization objectives to be met. |
| first_indexed | 2024-03-12T22:28:51Z |
| format | Article |
| id | doaj.art-8b1ed481fdb34774990d0b642dd7ce25 |
| institution | Directory Open Access Journal |
| issn | 2296-598X |
| language | English |
| last_indexed | 2024-03-12T22:28:51Z |
| publishDate | 2023-07-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Energy Research |
| spelling | doaj.art-8b1ed481fdb34774990d0b642dd7ce252023-07-21T18:59:24ZengFrontiers Media S.A.Frontiers in Energy Research2296-598X2023-07-011110.3389/fenrg.2023.11970301197030Revealing the role of renewable energy consumption and digitalization in energy-related greenhouse gas emissions—Evidence from the G7Yuze ChenYing ChenLiuyue ZhangZhi LiThe massive consumption of energy promotes rapid economic growth, but it also unavoidably results in a large amount of greenhouse gas emissions, which seriously hinders society’s green and low-carbon development. This paper aims to explore the real impact of renewable energy and digitalization on greenhouse gas emissions from an energy-related perspective using advanced panel econometrics methods based on G7 panel data for 1990–2020. Economic growth and energy efficiency are also considered as control variables. Due to the nonlinear properties of panel data, the moment quantile regression approach is utilized in this research. The findings show that slope heterogeneity is widespread, section-dependent, and has a long-term equilibrium relationship. In addition, digitalization, renewable energy, and energy efficiency can reduce energy-related greenhouse gas emissions and ease environmental pressures. Economic expansion, on the other hand, remains an important positive driver for energy-related greenhouse gas emissions. The results of this study are robust and the causal relationships between variables are tested. Based on the conclusion presented above, this study advises the G7 economies to expand investments in renewable energy and digitalization to promote energy system transformation and pave the road for global decarbonization objectives to be met.https://www.frontiersin.org/articles/10.3389/fenrg.2023.1197030/fullgreenhouse gas emissionsrenewable energydigitalizationenergy efficiencyeconomic growth |
| spellingShingle | Yuze Chen Ying Chen Liuyue Zhang Zhi Li Revealing the role of renewable energy consumption and digitalization in energy-related greenhouse gas emissions—Evidence from the G7 Frontiers in Energy Research greenhouse gas emissions renewable energy digitalization energy efficiency economic growth |
| title | Revealing the role of renewable energy consumption and digitalization in energy-related greenhouse gas emissions—Evidence from the G7 |
| title_full | Revealing the role of renewable energy consumption and digitalization in energy-related greenhouse gas emissions—Evidence from the G7 |
| title_fullStr | Revealing the role of renewable energy consumption and digitalization in energy-related greenhouse gas emissions—Evidence from the G7 |
| title_full_unstemmed | Revealing the role of renewable energy consumption and digitalization in energy-related greenhouse gas emissions—Evidence from the G7 |
| title_short | Revealing the role of renewable energy consumption and digitalization in energy-related greenhouse gas emissions—Evidence from the G7 |
| title_sort | revealing the role of renewable energy consumption and digitalization in energy related greenhouse gas emissions evidence from the g7 |
| topic | greenhouse gas emissions renewable energy digitalization energy efficiency economic growth |
| url | https://www.frontiersin.org/articles/10.3389/fenrg.2023.1197030/full |
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