Evaluating the impact of digitalization, renewable energy use, and technological innovation on load capacity factor in G8 nations
Abstract Ecosystems are in danger due to human-caused air, water, and soil pollution, so it is important to find the underlying causes of this issue and develop practical solutions. This study adds to environmental research gap by suggesting the load capability factor (LCF) and using it to look at t...
| Main Authors: | , , , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Nature Portfolio
2023-06-01
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| Series: | Scientific Reports |
| Online Access: | https://doi.org/10.1038/s41598-023-36373-0 |
| _version_ | 1797806727222001664 |
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| author | Usman Mehmood Salman Tariq Muhammad Umar Aslam Ephraim Bonah Agyekum Solomon Eghosa Uhunamure Karabo Shale Mustafa Kamal Muhammad Faisal Khan |
| author_facet | Usman Mehmood Salman Tariq Muhammad Umar Aslam Ephraim Bonah Agyekum Solomon Eghosa Uhunamure Karabo Shale Mustafa Kamal Muhammad Faisal Khan |
| author_sort | Usman Mehmood |
| collection | DOAJ |
| description | Abstract Ecosystems are in danger due to human-caused air, water, and soil pollution, so it is important to find the underlying causes of this issue and develop practical solutions. This study adds to environmental research gap by suggesting the load capability factor (LCF) and using it to look at the factors affectting environmental health. The load capacity factor simplifies monitoring environmental health by illustrating the distinction between ecological footprint and biocapacity. We examine the interplay between mobile phone users (Digitalization DIG), technological advancements (TEC), renewable energy use, economic growth, and financial development. This study assesses G8 economies’ data from 1990 to 2018, using a Cross-Section Improved Autoregressive Distributed Lag CS-ARDL estimator and a cointegration test. The data shows that green energy, TEC innovation, and DIG are all beneficial for natural health. Based on the results of this study, the G8 governments should focus on environmental policies that promote economic growth, increase the use of renewable energy sources, guide technological progress in key areas, and encourage the development of digital information and communications technologies that are better for the environment. |
| first_indexed | 2024-03-13T06:11:41Z |
| format | Article |
| id | doaj.art-a245fc2365dc4f3c8b7e30e0fe37c06f |
| institution | Directory Open Access Journal |
| issn | 2045-2322 |
| language | English |
| last_indexed | 2024-03-13T06:11:41Z |
| publishDate | 2023-06-01 |
| publisher | Nature Portfolio |
| record_format | Article |
| series | Scientific Reports |
| spelling | doaj.art-a245fc2365dc4f3c8b7e30e0fe37c06f2023-06-11T11:13:35ZengNature PortfolioScientific Reports2045-23222023-06-0113111010.1038/s41598-023-36373-0Evaluating the impact of digitalization, renewable energy use, and technological innovation on load capacity factor in G8 nationsUsman Mehmood0Salman Tariq1Muhammad Umar Aslam2Ephraim Bonah Agyekum3Solomon Eghosa Uhunamure4Karabo Shale5Mustafa Kamal6Muhammad Faisal Khan7Remote Sensing GIS and Climatic Research Lab National Center of GIS and Space Applications, University of the PunjabRemote Sensing GIS and Climatic Research Lab National Center of GIS and Space Applications, University of the PunjabRemote Sensing GIS and Climatic Research Lab National Center of GIS and Space Applications, University of the PunjabDepartment of Nuclear and Renewable Energy, Ural Federal University Named After the First President of Russia Boris YeltsinFaculty of Applied Sciences, Cape Peninsula University of TechnologyFaculty of Applied Sciences, Cape Peninsula University of TechnologyDepartment of Basic Sciences, College of Science and Theoretical Studies, Saudi Electronic UniversityDepartment of Basic Sciences, College of Science and Theoretical Studies, Saudi Electronic UniversityAbstract Ecosystems are in danger due to human-caused air, water, and soil pollution, so it is important to find the underlying causes of this issue and develop practical solutions. This study adds to environmental research gap by suggesting the load capability factor (LCF) and using it to look at the factors affectting environmental health. The load capacity factor simplifies monitoring environmental health by illustrating the distinction between ecological footprint and biocapacity. We examine the interplay between mobile phone users (Digitalization DIG), technological advancements (TEC), renewable energy use, economic growth, and financial development. This study assesses G8 economies’ data from 1990 to 2018, using a Cross-Section Improved Autoregressive Distributed Lag CS-ARDL estimator and a cointegration test. The data shows that green energy, TEC innovation, and DIG are all beneficial for natural health. Based on the results of this study, the G8 governments should focus on environmental policies that promote economic growth, increase the use of renewable energy sources, guide technological progress in key areas, and encourage the development of digital information and communications technologies that are better for the environment.https://doi.org/10.1038/s41598-023-36373-0 |
| spellingShingle | Usman Mehmood Salman Tariq Muhammad Umar Aslam Ephraim Bonah Agyekum Solomon Eghosa Uhunamure Karabo Shale Mustafa Kamal Muhammad Faisal Khan Evaluating the impact of digitalization, renewable energy use, and technological innovation on load capacity factor in G8 nations Scientific Reports |
| title | Evaluating the impact of digitalization, renewable energy use, and technological innovation on load capacity factor in G8 nations |
| title_full | Evaluating the impact of digitalization, renewable energy use, and technological innovation on load capacity factor in G8 nations |
| title_fullStr | Evaluating the impact of digitalization, renewable energy use, and technological innovation on load capacity factor in G8 nations |
| title_full_unstemmed | Evaluating the impact of digitalization, renewable energy use, and technological innovation on load capacity factor in G8 nations |
| title_short | Evaluating the impact of digitalization, renewable energy use, and technological innovation on load capacity factor in G8 nations |
| title_sort | evaluating the impact of digitalization renewable energy use and technological innovation on load capacity factor in g8 nations |
| url | https://doi.org/10.1038/s41598-023-36373-0 |
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