Does digitalization enhance fossil fuels resources efficiency?

Nan Liu, Long Teng, Wenjuan Tian and Ying Li

Resources Policy, 2023, vol. 85, issue PA

Abstract: This paper's primary purpose is to measure globalization's impacts on fossil fuel resource-efficient targets in 39 emerging countries from 2010 to 2020. The pooled Mean Group estimation's results confirmed that the digitalization indicators such as the digital economy index, e-government, and ICT (Information and communication technology) diffusion index increase the efficiency of fossil fuels resources in the short and long term. In addition, with a 1% increase in the share of ICT industries in the studied countries' economies, fossil fuel resources' efficiency will decrease by 0.07% and 0.13% in the short and long term, respectively. Regarding electricity consumption, the coefficients of the variable in the short-term and long-term are negative. In order to use digitalization benefits for fossil fuels efficient target, emerging economies can develop a digital green financing market, promote natural resource governance through e-government, and scale up renewable power generation.

Keywords: Digitalization; Fossil fuels resource-efficient target; ICT diffusion index; Fossil fuels resource government (search for similar items in EconPapers)
JEL-codes: C23 D24 Q11 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:85:y:2023:i:pa:s0301420723005895

DOI: 10.1016/j.resourpol.2023.103878

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