Exploring the Influence of Digital Transformation on Clean Energy Transition, Climate Change, and Economic Growth among Selected Oil-Export Countries through the Panel ARDL Approach

Masahina Sarabdeen (), Manal Elhaj and Hind Alofaysan
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Masahina Sarabdeen: Department of Economics, College of Business Administration, Princess Nourah bint Abdulrahman University, Riyadh 11564, Saudi Arabia
Manal Elhaj: Department of Economics, College of Business Administration, Princess Nourah bint Abdulrahman University, Riyadh 11564, Saudi Arabia
Hind Alofaysan: Department of Economics, College of Business Administration, Princess Nourah bint Abdulrahman University, Riyadh 11564, Saudi Arabia

Energies, 2024, vol. 17, issue 2, 1-18

Abstract: Amid global imperatives to combat climate change and achieve sustainable economic development, the convergence of digital transformation and the transition to clean energy has emerged as a critical focal point for oil-exporting nations. This study comprehensively investigates the interplay of digital technology, clean energy transition, climate change, and economic growth among selected oil-exporting nations. Drawing upon a diverse set of economic and geographical contexts, this study uses panel data analysis of data from the World Bank’s Economic Indicators and the United Nations Development Program for the period from 2006 to 2020. The results show that digital technology reduces climate change by improving environmental quality, but internet and mobile access have insignificant and negative effects on environmental quality, respectively. Meanwhile, all technology variables negatively impact green energy and economic growth, while the Happy Planet Index and financial development positively impact the green energy transition. This study is important for regulators, producers, and consumers, as it provides a better understanding of the crucial role of digital transformation in sustainable development within oil-export countries. This study’s findings can be used to develop policy recommendations for a low-carbon economy, the promotion of digital transformation through green energy, and the management of climate change.

Keywords: digital transformation; clean energy transition; climate change; economic growth; OPEC (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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