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Examining the Impact of Energy Policies on CO2 Emissions with Information and Communication Technologies and Renewable Energy

  • Mei Xue EMAIL logo , Daniela Mihai , Madalina Brutu , Luigi Popescu , Crenguta Ileana Sinisi , Ajay Bansal , Mady A. A. Mohammad , Taseer Muhammad and Malik Shahzad Shabbir ORCID logo
Published/Copyright: January 5, 2024

Abstract

The world today presents significant environmental concerns for humans, such as smog and warmer temperatures, but we also need to think about how to accomplish economic growth that is sustainable. Therefore, this exploration researches the asymmetric effect of renewable energy consumption, economic growth and financial development on carbon emanation in the emerging economies. For this reason, this investigation uses Panel ARDL and PMG estimator. The consequences of PMG estimator demonstrate that information and communication technologies reduce the carbon emanations in the sample region. Additionally, renewable energy consumption also impedes the carbon emanations. The results also suggest that financial development additionally builds the carbon emissions but the impact is very minor. Finally, economic growth and population are also contributing toward carbon emissions. The power effective recommendation is vital to present the ICT assistance to confine the utilization of obsolete machinery for power generation.

JEL Classification: A12

Corresponding author: Mei Xue, Social Training Services Center Shandong Institute of Commerce and Technology, Jinan, Shandong, China, E-mail:

Acknowledgments

The authors extend their appreciation to the research unit at King Khalid University for funding this work through Project number 495 and the authors acknowledge the Research Center for Advanced Materials Science (RCAMS) at King Khalid University, Saudi Arabia for their valuable technical support.

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Received: 2022-07-20
Accepted: 2023-11-27
Published Online: 2024-01-05

© 2023 Walter de Gruyter GmbH, Berlin/Boston

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