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

Buhari Doğan (), Rabeh Khalfaoui, Brahim Bergougui and Sudeshna Ghosh

Research in International Business and Finance, 2025, vol. 76, issue C

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.

Keywords: Energy transition; Energy innovation; Digital economy, Quantile-based analysis; Belt and Road Initiative countries (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0275531925000935
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:riibaf:v:76:y:2025:i:c:s0275531925000935

DOI: 10.1016/j.ribaf.2025.102837

Access Statistics for this article

Research in International Business and Finance is currently edited by T. Lagoarde Segot

More articles in Research in International Business and Finance from Elsevier
Bibliographic data for series maintained by Catherine Liu ().