Affiliation:
1. Department of Economics, College of Business Administration, Princess Nourah bint Abdulrahman University, Riyadh 11564, Saudi Arabia
Abstract
Amid global imperatives to combat climate change and achieve sustainable economic development, the convergence of digital transformation and the transition to clean energy has emerged as a critical focal point for oil-exporting nations. This study comprehensively investigates the interplay of digital technology, clean energy transition, climate change, and economic growth among selected oil-exporting nations. Drawing upon a diverse set of economic and geographical contexts, this study uses panel data analysis of data from the World Bank’s Economic Indicators and the United Nations Development Program for the period from 2006 to 2020. The results show that digital technology reduces climate change by improving environmental quality, but internet and mobile access have insignificant and negative effects on environmental quality, respectively. Meanwhile, all technology variables negatively impact green energy and economic growth, while the Happy Planet Index and financial development positively impact the green energy transition. This study is important for regulators, producers, and consumers, as it provides a better understanding of the crucial role of digital transformation in sustainable development within oil-export countries. This study’s findings can be used to develop policy recommendations for a low-carbon economy, the promotion of digital transformation through green energy, and the management of climate change.
Funder
Deanship of Scientific Research at Princess Nourah bint Abdulrahman University through the Research Funding Program
Subject
Energy (miscellaneous),Energy Engineering and Power Technology,Renewable Energy, Sustainability and the Environment,Electrical and Electronic Engineering,Control and Optimization,Engineering (miscellaneous),Building and Construction
Reference75 articles.
1. Asymmetric impact of renewable and non-renewable energy on economic growth in Pakistan: New evidence from a nonlinear analysis;Abbasi;Energy Explor. Exploit.,2020
2. How energy consumption, industrial growth, urbanization, and CO2 emissions affect economic growth in Pakistan? A novel dynamic ARDL simulations approach;Abbasi;Energy,2021
3. Sarabdeen, M., and Alofaysan, H. (2022, January 17–18). Job and environmental value creation via digital technology readiness: A study in Saudi Arabia. Proceedings of the First Scientific Conference for Labor Market Research Studies and Indicators, Riyadh, Saudi Arabia.
4. Sarabdeen, M., and Alofaysan, H. (2023). Investigating the Impact of Digital Transformation on the Labor Market in the Era of Changing Digital Transformation Dynamics in Saudi Arabia. Economies, 11.
5. CO2 emissions, energy consumption, economic and population growth in Malaysia;Bagum;Renew. Sustain. Energy Rev.,2015