Unveiling the impact of the digital economy on the interplay of energy transition, environmental transformation, and renewable energy adoption

IF 6.3 2区经济学 Q1 BUSINESS, FINANCE Research in International Business and Finance Pub Date : 2025-02-21 DOI:10.1016/j.ribaf.2025.102837

Buhari Doğan , Rabeh Khalfaoui , Brahim Bergougui , Sudeshna Ghosh

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Abstract

Energy transition (ET) is considered a key strategy to combat climate change and environmental degradation, making it a critical imperative for all countries. A transition to clean energy is essential for achieving decarbonization goals. Considering the significant role of the digital economy (DE), this study explores the relationship between ET and renewable energy (RE) innovation in Belt and Road Initiative (BRI) countries from 2002 to 2019. The study focuses on four categories of International Patent Classification (IPC) related to solar, wind, biomass, and geothermal energy technologies. Panel quantile-based analysis is employed to assess the impact of ET in the presence of DE on RE innovation. The main findings indicate that (i) innovation in all categories of energy technologies studied plays a pivotal role in assessing ET in BRI economies, (ii) the DE substantially contributes to enhancing ET, and (iii) BRI countries should prioritize increasing innovation in RE, (iv) the study discusses various policy implications tailored for BRI countries accordingly.

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来源期刊

Research in International Business and Finance BUSINESS, FINANCE-

CiteScore

11.20

自引率

9.20%

发文量

240

期刊介绍： Research in International Business and Finance (RIBAF) seeks to consolidate its position as a premier scholarly vehicle of academic finance. The Journal publishes high quality, insightful, well-written papers that explore current and new issues in international finance. Papers that foster dialogue, innovation, and intellectual risk-taking in financial studies; as well as shed light on the interaction between finance and broader societal concerns are particularly appreciated. The Journal welcomes submissions that seek to expand the boundaries of academic finance and otherwise challenge the discipline. Papers studying finance using a variety of methodologies; as well as interdisciplinary studies will be considered for publication. Papers that examine topical issues using extensive international data sets are welcome. Single-country studies can also be considered for publication provided that they develop novel methodological and theoretical approaches or fall within the Journal''s priority themes. It is especially important that single-country studies communicate to the reader why the particular chosen country is especially relevant to the issue being investigated. [...] The scope of topics that are most interesting to RIBAF readers include the following: -Financial markets and institutions -Financial practices and sustainability -The impact of national culture on finance -The impact of formal and informal institutions on finance -Privatizations, public financing, and nonprofit issues in finance -Interdisciplinary financial studies -Finance and international development -International financial crises and regulation -Financialization studies -International financial integration and architecture -Behavioral aspects in finance -Consumer finance -Methodologies and conceptualization issues related to finance