How can visual communications aid in renewable energy development?
Na Li,
Yanling Jin,
Ying Li and
Xinyuan Ma
Renewable Energy, 2023, vol. 208, issue C, 702-708
Abstract:
The development of information and communication technology (ICT), a subset of many functions such as visual communication, can positively affect renewable energy development in different countries. In this paper, focusing on China as the world's largest emitter of greenhouse gases, the relationship between visual communication and the deployment of renewable energy is investigated using the dynamic ARDL (autoregressive distributed lag) method and annual data from 1990 to 2021. Regarding the empirical estimations, a 1% increase in green finance market size leads to an improvement of sustainable energy deployment by 0.01%. In addition, the ICT development index has a significant and positive effect only in the long term. Furthermore, there is evidence of uni-directional causality from ICT to renewable energy deployment in the medium and long term. The recommended practical policies by the research are developing green financing tools, green economic growth policies, and creating virtual portals for financial interactions.
Keywords: Visual communications; Green finance; Renewable energy; ICT; China; Dynamic ARDL (search for similar items in EconPapers)
JEL-codes: C32 D83 Q41 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:renene:v:208:y:2023:i:c:p:702-708
DOI: 10.1016/j.renene.2023.03.108
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