EconPapers    
Economics at your fingertips  
 

Can Information and Communication Technology and Institutional Quality help mitigate climate change in E7 economies? An Environmental Kuznets Curve extension

Bright Gyamfi (), Asiedu Ampomah (), Festus Bekun and Simplice Asongu
Additional contact information
Bright Gyamfi: Cyprus International University, Nicosia, Turkey
Asiedu Ampomah: Cyprus International University, Nicosia, Turkey

No 22/052, Working Papers from European Xtramile Centre of African Studies (EXCAS)

Abstract: Understanding the role of information communication and technology (ICT) in environmental issues stemming from extensive energy consumption and carbon dioxide emission in the process of economic development is worthwhile both from policy and scholarly fronts. Motivated on this premise, the study contributes to the rising studies associated with the roles economic growth, institutional quality and information and communication technology (ICT) have on CO2emissionin the framework of the 21st Conference of the Parties (COP21) on climate convention in Paris. Obtaining data from the emerging industrialized seven (E7) economies (China, India, Indonesia, Russia, Mexico, Brazil and Turkey) covering annual frequency from 1995 –2016 for our analysis achieved significant outcome. From the empirical analysis, economic globalization and renewable energy consumption both reduce CO2 emissions while ICT, institutional quality and fossil fuel contribute to the degradation of the environment. This study affirms the presence of an Environmental Kuznets Curve (EKC) phenomenon which shows an invented U-Shaped curve within the E7 economies. On the causality front, both income and its square have a feedback causal relationship with carbon emissions while economic globalization, institutional quality, ICT and clean energy all have a one-way directional causal relationship with CO2 emissions. Conclusively, the need to reduce environmental degradation activities should be pursued by the blocs such as tree planting activities to mitigate the effect of deforestation. Furthermore, the bloc should shift from the use of fossil-fuel and leverage on ICT to enhance the use of clean energy which is environmentally friendly.

Keywords: ICT; environmental sustainability; institutional quality; renewable energy transition; carbon-reduction; economic globalization, panel econometrics; E7 economies (search for similar items in EconPapers)
Pages: 32
Date: 2022-01
New Economics Papers: this item is included in nep-cis, nep-ict and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations:

Forthcoming: Journal of Economic Structures

Downloads: (external link)
http://publications.excas.org/RePEc/exs/exs-wpaper ... e-climate-change.pdf Revised version, 2022 (application/pdf)

Related works:
Journal Article: Can information and communication technology and institutional quality help mitigate climate change in E7 economies? An environmental Kuznets curve extension (2022) Downloads
Working Paper: Can Information and Communication Technology and Institutional Quality help mitigate climate change in E7 economies? An Environmental Kuznets Curve extension (2022) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:exs:wpaper:22/052

Access Statistics for this paper

More papers in Working Papers from European Xtramile Centre of African Studies (EXCAS)
Bibliographic data for series maintained by Anutechia Asongu Simplice ().

 
Page updated 2024-04-20
Handle: RePEc:exs:wpaper:22/052