Financial efficiency and CO2 emission in BRICS. Dose digital economy development matter?

Mngumi, Franley; Huang, Li; Xiuli, Geng; Ayub, Bakhtawer

doi:10.1016/j.heliyon.2024.e24321

Cited by 9 publications

(1 citation statement)

References 60 publications

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“…According to the United Nations Framework Convention on Climate Change, more than 130 countries and regions have proposed "zero carbon" or "carbon neutral" climate targets [2]. As the largest rising economies in the world, the BRICS countries accounted for about 43.19% of global CO 2 emissions in 2019 [3]. As one of the world's major carbon-emitting countries, China is under imminent pressure from energy conservation and emission reduction targets [4].…”

Section: Introductionmentioning

confidence: 99%

Spatiotemporal Heterogeneities in the Impact of Chinese Digital Economy Development on Carbon Emissions

An,

Zheng,

Yang

2024

Sustainability

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The digital economy plays an important role in reducing the global warming process. This paper explores the spatiotemporal heterogeneity impacts of the digital economy on provincial carbon emissions and its underlying mechanisms. Initially, this paper examines the inhibitory impact of the digital economy on carbon emissions, alongside the mediating role of economic agglomeration, at a theoretical level. Subsequently, it empirically explores the quantitative associations among the digital economy, economic agglomeration, and carbon emissions by utilizing Chinese provincial panel data spanning from 2000 to 2021. This investigation employed static and dynamic spatial Durbin models as well as mediation models to analyze the interrelationships. The results firstly revealed that the digital economy notably diminishes carbon emissions, with economic agglomeration playing a significant mediating role. This conclusion remained consistent even after substituting the explanatory variables and weight matrix, modifying the sample period, and conducting other robustness tests. Secondly, the impact of the digital economy on carbon emissions exhibited spatial spillovers. Compared with the impact on the local area, the impact on neighboring provinces was found to be weaker. Thirdly, carbon emissions showed a significant “snowball” effect in the time dimension. This paper emphasizes the important role of digital technology in curbing carbon emissions, and it provides some policy insights for studying the digital economy, economic agglomeration, and carbon emissions. Furthermore, it offers valuable insight and suggestions to reduce carbon emissions and realize the goal of the “dual-carbon” strategy.

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Section: Introductionmentioning

confidence: 99%

Spatiotemporal Heterogeneities in the Impact of Chinese Digital Economy Development on Carbon Emissions

An,

Zheng,

Yang

2024

Sustainability

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Understanding the nonlinear effect of digital technology development on CO₂ reduction

Kwilinski

2024

Sustainable Development

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Digital technology, including advancements in artificial intelligence, the Internet of Things, and data analytics, has the potential to revolutionize tackling the problem of carbon dioxide emissions and achieving sustainable development. The paper aims at checking the nature of the impact of digital technology development on carbon dioxide reduction for the EU countries in 2013–2020. The study applies the following methods: entropy methods, panel‐corrected standard error, and feasible generalized least squares. The digital technology development index enabled the classification of all the EU countries into two distinct groups: High Digital Technology Development and Moderate/Lower Digital Technology Development. The findings confirm that digital technology development has a significant impact on decreasing carbon dioxide emissions. In the first stage, the growth of digital technology causes a faster decrease in carbon dioxide emissions. However, beyond a certain threshold, the further improvement of digital technology results in diminishing marginal benefits of CO2 emissions reduction. Thus, the EU government should catalyze the extension of digital technologies among all sectors and levels. In addition, it requires enhancing digital literacy of the society and local authorities.

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Can Money Help to Achieve the Paris Agreement Goal? The Missing Piece of the Puzzle: How Green Monetary Policy Can Bridge the Emissions Gap

Zia,

Yang,

Masood

et al. 2024

Economic Analysis and Policy

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Financial efficiency and CO2 emission in BRICS. Dose digital economy development matter?

Cited by 9 publications

References 60 publications

Spatiotemporal Heterogeneities in the Impact of Chinese Digital Economy Development on Carbon Emissions

Spatiotemporal Heterogeneities in the Impact of Chinese Digital Economy Development on Carbon Emissions

Understanding the nonlinear effect of digital technology development on CO₂ reduction

Can Money Help to Achieve the Paris Agreement Goal? The Missing Piece of the Puzzle: How Green Monetary Policy Can Bridge the Emissions Gap

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Financial efficiency and CO2 emission in BRICS. Dose digital economy development matter?

Cited by 9 publications

References 60 publications

Spatiotemporal Heterogeneities in the Impact of Chinese Digital Economy Development on Carbon Emissions

Spatiotemporal Heterogeneities in the Impact of Chinese Digital Economy Development on Carbon Emissions

Understanding the nonlinear effect of digital technology development on CO2 reduction

Can Money Help to Achieve the Paris Agreement Goal? The Missing Piece of the Puzzle: How Green Monetary Policy Can Bridge the Emissions Gap

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Understanding the nonlinear effect of digital technology development on CO₂ reduction