TY - JOUR
T1 - Moving toward sustainable goals 7 and 13
T2 - An inclusive mechanism to achieve environmental sustainability through digitalization and energy transition in OECD countries
AU - Sheraz, Muhammad
AU - Qin, Quande
AU - Mumtaz, Muhammad Zubair
AU - Khan, Mushtaq Hussain
N1 - Publisher Copyright:
© 2024 Elsevier Ltd
PY - 2024/8/31
Y1 - 2024/8/31
N2 - In line with Sustainable Development Goals (SDGs) 7 and 13, this study proposes a policy framework while considering digitalization as a critical tool in shaping the energy transition process to attain environmental suitability in OECD countries. The study employed multifaceted empirical techniques, including Method of Moment Quantile Regression (MMQR), Fully Modified Ordinary Least Squares (FMOLS), and Dumitrescu and Hurlin (D-H), augmented with robustness tests over the period 2000 to 2021. The results indicate that digitalization augments energy transition and green finance to attain environmental sustainability. However, moving toward higher quantiles (4th, 6th, and 8th), the total impact of energy transition and digitalization is diminished. Besides that, a bidirectional causal relationship was reported running from green finance and digitalization to greenhouse gas (GHG) emissions. This study offers a detailed policy framework while considering SDGs 7 and 13.
AB - In line with Sustainable Development Goals (SDGs) 7 and 13, this study proposes a policy framework while considering digitalization as a critical tool in shaping the energy transition process to attain environmental suitability in OECD countries. The study employed multifaceted empirical techniques, including Method of Moment Quantile Regression (MMQR), Fully Modified Ordinary Least Squares (FMOLS), and Dumitrescu and Hurlin (D-H), augmented with robustness tests over the period 2000 to 2021. The results indicate that digitalization augments energy transition and green finance to attain environmental sustainability. However, moving toward higher quantiles (4th, 6th, and 8th), the total impact of energy transition and digitalization is diminished. Besides that, a bidirectional causal relationship was reported running from green finance and digitalization to greenhouse gas (GHG) emissions. This study offers a detailed policy framework while considering SDGs 7 and 13.
KW - Digitalization
KW - Energy transition
KW - Green finance
KW - MM-QR
KW - Sustainable Development Goals
UR - http://www.scopus.com/inward/record.url?scp=85202547459&partnerID=8YFLogxK
U2 - 10.1016/j.jenvman.2024.122288
DO - 10.1016/j.jenvman.2024.122288
M3 - Article
AN - SCOPUS:85202547459
SN - 0301-4797
VL - 369
SP - 122288
JO - Journal of Environmental Management
JF - Journal of Environmental Management
M1 - 122288
ER -