 The integration of technological advancements in fossil fuels towards environmental sustainability: Insights from big data analyticsTan Lu, Xiaolan Xiao, Huaying Yu and Daowen Ren Resources Policy, 2023, vol. 86, issue PA Abstract: The purpose of this paper is to examine the impact of fossil fuel energy consumption and the utilization of big data technology on the green growth index of 672 companies listed on the Nasdaq in the United States. The study analyzes annual data from 2010 to 2019 using the CUP-FM (continuously updated fully modified) estimator. The findings indicate that a 1% increase in the use of big data technology results in a 1.61% improvement in the sustainable growth of these companies. Furthermore, the cost of information and communication technology is identified as the main driver of green growth. Specifically, a 1% increase in the stock price of listed companies leads to a 0.06% decrease in the sustainable growth index. Additionally, a 1% increase in the cost of fossil fuel consumption leads to a 0.034% decrease in the sustainable growth index of American listed companies. The recommended policy measures include the integration of big data technology, fintech, and cryptocurrencies, the expansion of green research and development, and the enhancement of the resilience index of companies. Keywords: Fossil fuels utilization; Big data technology; Renewable growth; Energy expenditure (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:86:y:2023:i:pa:s0301420723009078 DOI: 10.1016/j.resourpol.2023.104196 Access Statistics for this article Resources Policy is currently edited by R. G. Eggert More articles in Resources Policy from Elsevier |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.