Harnessing ESG Sustainability, Climate Policy Uncertainty and Information and Communication Technology for Energy Transition

Ali Ragab Ali (), Kolawole Iyiola and Ahmad Alzubi
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Ali Ragab Ali: Department of Business Administration, Institute of Graduate Research and Studies, University of Mediterranean Karpasia, Mersin 33010, Turkey
Kolawole Iyiola: Department of Business Administration, Institute of Graduate Research and Studies, University of Mediterranean Karpasia, Mersin 33010, Turkey
Ahmad Alzubi: Department of Business Administration, Institute of Graduate Research and Studies, University of Mediterranean Karpasia, Mersin 33010, Turkey

Energies, 2025, vol. 18, issue 19, 1-24

Abstract: This study addresses a significant gap in the existing literature by introducing novel perspectives. First, it provides a comprehensive assessment of the impact of ESG sustainability and information and communication technology (ICT) on energy transition using updated quarterly data from 2002 Q3 to 2024 Q4. Second, it uniquely integrates climate policy uncertainty (CPU) and financial development (FD) as core explanatory variables, which have been largely neglected in prior research. Third, this study applies advanced quantile-based methodologies, including the Quantile Autoregressive Distributed Lag (QARDL) model and Quantile Cointegration (QC) techniques, to enhance empirical rigor and ensure policy relevance across the entire conditional distribution. The results showed that at lower quantiles (τ = 0.05–0.30), FD positively influences ET, supporting early-stage clean energy adoption. ICT shows a short-term negative effect (τ = 0.05–0.40). Based on these findings, policymakers should strengthen financial development to accelerate clean energy adoption at early stages, while addressing the short-term negative impacts of ICT by promoting supportive digital and energy policies that align technology use with sustainability goals.

Keywords: ESG sustainability; energy transition; climate policy uncertainty; financial development; information and communication technology (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: 2025
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