Moving toward sustainable goals 7 and 13: An inclusive mechanism to achieve environmental sustainability through digitalization and energy transition in OECD countries

Muhammad Sheraz, Quande Qin*, Muhammad Zubair Mumtaz, Mushtaq Hussain Khan

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

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.

Original languageEnglish
Article number122288
JournalJournal of Environmental Management
Volume369
DOIs
Publication statusPublished - 31 Aug 2024
Externally publishedYes

Keywords

  • Digitalization
  • Energy transition
  • Green finance
  • MM-QR
  • Sustainable Development Goals

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