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Is information and communication technology a driver for renewable energy?

Chien-Chiang Lee (), Mei-Ping Chen and Zihao Yuan

Energy Economics, 2023, vol. 124, issue C

Abstract: Renewable energy (RE) has become the biggest driving force to achieve sustainable development. This research hence explores the impact of information and communication technology (ICT) on RE by accounting for country risk (CR) as an interaction term with a sample of 126 nations from 2000 to 2019. Using the Method of Moments Quantile Regression (MMQR), we find that the positive impacts of Internet usage, secure network services, and high-tech exports are more effective in assisting RE output when nations have a lower level of RE output, while fixed broadband subscriptions are more effective for higher RE output nations. Lastly, CR affects the causal connection between RE output and ICT. Our findings offer insights for policymakers to consider their CR, RE condition, and varying impacts of different ICTs in order to advance both RE and ICT usages.

Keywords: Information and communication technology (ICT); Renewable energy; Country risk; Method of moments quantile regression (MMQR) (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (14)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:124:y:2023:i:c:s0140988323002840

DOI: 10.1016/j.eneco.2023.106786

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Energy Economics is currently edited by R. S. J. Tol, Beng Ang, Lance Bachmeier, Perry Sadorsky, Ugur Soytas and J. P. Weyant

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