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Developing green tehcnology and digital economy to cope with resource scarcity

Author

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  • Zhang, Jianhua
  • Yin, Fengxue
  • Zhang, Weihua
  • Wang, Lizhi
  • Zhou, Xiaoyan

Abstract

This study utilizes the Cross-Sectional Fully Modified OLS (CSFMOLS) estimation technique to analyze how advancements in the digital economy and green technological imports impact private investment in renewable energy across 13 newly industrialized countries (NICs) from 2005 to 2020. The findings indicate that a 1% increase in internet users leads to a 0.63% rise in private investment in green projects, attributed to improved access to renewable energy information and enhanced collaboration among stakeholders. Additionally, a 1% increase in imports of wind turbines and solar panels results in a 0.24% boost in private investment. However, a 1% rise in carbon footprints decreases investment by 0.11%, underscoring the negative impact of fossil fuel reliance. Higher income levels encourage private sector engagement, while poverty rates impede it. The study recommends reducing bandwidth costs, leveraging AI for green solutions, and promoting regional trade agreements to foster sustainable development in NICs.

Suggested Citation

  • Zhang, Jianhua & Yin, Fengxue & Zhang, Weihua & Wang, Lizhi & Zhou, Xiaoyan, 2025. "Developing green tehcnology and digital economy to cope with resource scarcity," Resources Policy, Elsevier, vol. 100(C).
    • Handle: RePEc:eee:jrpoli:v:100:y:2025:i:c:s0301420724008067
    DOI: 10.1016/j.resourpol.2024.105439
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    More about this item

    Keywords

    Fossil fuels resource scarcity; private investment; Green technologies imports; Digitalization; NICs;
    All these keywords.

    JEL classification:

    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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