IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v15y2023i2p1071-d1027275.html
   My bibliography  Save this article

How Does Information and Communication Technology Affect Geothermal Energy Sustainability?

Author

Listed:
  • Mohd Alsaleh

    (Sunwah International Business School, Faculty of Economics, Liaoning University, Shenyang 110036, China)

  • Xiaohui Wang

    (Sunwah International Business School, Faculty of Economics, Liaoning University, Shenyang 110036, China)

Abstract

There are many advantages of geothermal energy, as an environmentally friendly resource, with some other problems to be addressed before the full potential of this sustainable and renewable resource, which is natural, could be harnessed. This research will aim to examine what effect ICT, that is, information and communication technology factors with sustainability in the economy, has on geothermal energy output among the considered 27 EU nations within the time frame 1990 to 2021. The novelty of this research is the ability to clarify the role of ICT toward geothermal power sustainability in the EU27 region. As well as the magnitude of effects of ICT on the geothermal power sustainability in EU13 developing countries and EU14 developed countries using the ARDL estimator. Autoregressive distributed lag (ARDL) was adopted, and the findings show that a significant increase in the geothermal energy industry sustainability can occur in EU14 emerged economies using ICT factors than among the 13 emerging economies. Among additional factors, human capital, economic sustainability, and institutional quality contribute more positively to geothermal energy sustainability in EU14 emerging economies than in EU13 emerging economies. Similarly, further results show that a remarkable decrease in carbon dioxide emissions can occur in EU13 emerging economies using geothermal energy output than in EU14 emerged economies. All these results outputs are an indication that geothermal power sustainability among the European Union countries could be remarkably boosted by increasing the level of ICT determinants to attain the 2030 energy union goals. This study recommends that the considered European countries should prioritize the good functionality of ICT indicators in attaining societal objectives and that of the environment as well.

Suggested Citation

  • Mohd Alsaleh & Xiaohui Wang, 2023. "How Does Information and Communication Technology Affect Geothermal Energy Sustainability?," Sustainability, MDPI, vol. 15(2), pages 1-21, January.
  • Handle: RePEc:gam:jsusta:v:15:y:2023:i:2:p:1071-:d:1027275
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/15/2/1071/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2071-1050/15/2/1071/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ali Naqvi & Miriam Rehm, 2014. "A multi-agent model of a low income economy: simulating the distributional effects of natural disasters," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 9(2), pages 275-309, October.
    2. Cui, Guodong & Pei, Shufeng & Rui, Zhenhua & Dou, Bin & Ning, Fulong & Wang, Jiaqiang, 2021. "Whole process analysis of geothermal exploitation and power generation from a depleted high-temperature gas reservoir by recycling CO2," Energy, Elsevier, vol. 217(C).
    3. Qiucheng Li & Jacob Cherian & Malik Shahzad Shabbir & Muhammad Safdar Sial & Jing Li & Ioana Mester & Alina Badulescu, 2021. "Exploring the Relationship between Renewable Energy Sources and Economic Growth. The Case of SAARC Countries," Energies, MDPI, vol. 14(3), pages 1-14, January.
    4. Dalla Longa, Francesco & Nogueira, Larissa P. & Limberger, Jon & Wees, Jan-Diederik van & van der Zwaan, Bob, 2020. "Scenarios for geothermal energy deployment in Europe," Energy, Elsevier, vol. 206(C).
    5. Miguel Ramirez, 2007. "A Panel Unit Root and Panel Cointegration Test of the Complementarity Hypothesis in the Mexican Case: 1960–2001," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 35(3), pages 343-356, September.
    6. Pesaran, M. Hashem & Smith, Ron, 1995. "Estimating long-run relationships from dynamic heterogeneous panels," Journal of Econometrics, Elsevier, vol. 68(1), pages 79-113, July.
    7. Clemens Greiner & David Greven & Britta Klagge, 2021. "Roads to Change: Livelihoods, Land Disputes, and Anticipation of Future Developments in Rural Kenya," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 33(4), pages 1044-1068, August.
    8. García-Gil, Alejandro & Goetzl, Gregor & Kłonowski, Maciej R. & Borovic, Staša & Boon, David P. & Abesser, Corinna & Janza, Mitja & Herms, Ignasi & Petitclerc, Estelle & Erlström, Mikael & Holecek, Ja, 2020. "Governance of shallow geothermal energy resources," Energy Policy, Elsevier, vol. 138(C).
    9. Alejandro García-Gil & Miguel Mejías Moreno & Eduardo Garrido Schneider & Miguel Ángel Marazuela & Corinna Abesser & Jesús Mateo Lázaro & José Ángel Sánchez Navarro, 2020. "Nested Shallow Geothermal Systems," Sustainability, MDPI, vol. 12(12), pages 1-13, June.
    10. Mariola Piłatowska & Andrzej Geise, 2021. "Impact of Clean Energy on CO 2 Emissions and Economic Growth within the Phases of Renewables Diffusion in Selected European Countries," Energies, MDPI, vol. 14(4), pages 1-24, February.
    11. Santamarta, Juan C. & García-Gil, Alejandro & Expósito, María del Cristo & Casañas, Elías & Cruz-Pérez, Noelia & Rodríguez-Martín, Jesica & Mejías-Moreno, Miguel & Götzl, Gregor & Gemeni, Vasiliki, 2021. "The clean energy transition of heating and cooling in touristic infrastructures using shallow geothermal energy in the Canary Islands," Renewable Energy, Elsevier, vol. 171(C), pages 505-515.
    12. Olabi, Abdul Ghani & Mahmoud, Montaser & Soudan, Bassel & Wilberforce, Tabbi & Ramadan, Mohamad, 2020. "Geothermal based hybrid energy systems, toward eco-friendly energy approaches," Renewable Energy, Elsevier, vol. 147(P1), pages 2003-2012.
    13. Ramos-Escudero, Adela & García-Cascales, M. Socorro & Cuevas, Jose M. & Sanner, Burkhard & Urchueguía, Javier F., 2021. "Spatial analysis of indicators affecting the exploitation of shallow geothermal energy at European scale," Renewable Energy, Elsevier, vol. 167(C), pages 266-281.
    14. Levin, Andrew & Lin, Chien-Fu & James Chu, Chia-Shang, 2002. "Unit root tests in panel data: asymptotic and finite-sample properties," Journal of Econometrics, Elsevier, vol. 108(1), pages 1-24, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Xu, Nian & Liu, Zilong & Yu, Xinyu & Gao, Jian & Chu, Huaqiang, 2024. "Processes, models and the influencing factors for enhanced boiling heat transfer in porous structures," Renewable and Sustainable Energy Reviews, Elsevier, vol. 192(C).
    2. Andrea Arbula Blecich & Paolo Blecich, 2023. "Thermoeconomic Analysis of Subcritical and Supercritical Isobutane Cycles for Geothermal Power Generation," Sustainability, MDPI, vol. 15(11), pages 1-25, May.
    3. Li, Zhen & Niu, Shuwen & Halleck Vega, Sol Maria & Wang, Jinnian & Wang, Dakang & Yang, Xiankun, 2024. "Electrification and residential well-being in China," Energy, Elsevier, vol. 294(C).
    4. Idroes, Ghalieb Mutig & Hardi, Irsan & Hilal, Iin Shabrina & Utami, Resty Tamara & Noviandy, Teuku Rizky & Idroes, Rinaldi, 2024. "Economic growth and environmental impact: Assessing the role of geothermal energy in developing and developed countries," Innovation and Green Development, Elsevier, vol. 3(3).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Alsaleh, Mohd & Yang, Zhengyong & Chen, Tinggui & Wang, Xiaohui & Abdul-Rahim, Abdul Samad & Mahmood, Haider, 2023. "Moving toward environmental sustainability: Assessing the influence of geothermal power on carbon dioxide emissions," Renewable Energy, Elsevier, vol. 202(C), pages 880-893.
    2. Xiaohui Wang & Mohd Alsaleh, 2023. "Determinants of Geothermal Power Sustainability Development: Do Global Competitiveness Markets Matter?," Sustainability, MDPI, vol. 15(4), pages 1-23, February.
    3. Mohd Shahidan Shaari & Zulkefly Abdul Karim & Noorazeela Zainol Abidin, 2020. "The Effects of Energy Consumption and National Output on CO 2 Emissions: New Evidence from OIC Countries Using a Panel ARDL Analysis," Sustainability, MDPI, vol. 12(8), pages 1-12, April.
    4. Schneider, Nicolas & Strielkowski, Wadim, 2023. "Modelling the unit root properties of electricity data—A general note on time-domain applications," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 618(C).
    5. Lin, Boqiang & Omoju, Oluwasola E., 2017. "Focusing on the right targets: Economic factors driving non-hydro renewable energy transition," Renewable Energy, Elsevier, vol. 113(C), pages 52-63.
    6. Xiaohui Wang & Mohd Alsaleh & Abdul Samad Abdul-Rahim, 2024. "The role of information and communication technologies in achieving hydropower sustainability: Evidence from European Union economies," Energy & Environment, , vol. 35(3), pages 1550-1572, May.
    7. Herwartz, Helmut & Reimers, Hans-Eggert, 2006. "Modelling the Fisher hypothesis: World wide evidence," Economics Working Papers 2006-04, Christian-Albrechts-University of Kiel, Department of Economics.
    8. Cem Ertur & Antonio Musolesi, 2017. "Weak and Strong Cross‐Sectional Dependence: A Panel Data Analysis of International Technology Diffusion," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 32(3), pages 477-503, April.
    9. Guglielmo Maria Caporale & Anamaria Diana Sova & Robert Sova, 2024. "The Covid‐19 pandemic and European trade flows: Evidence from a dynamic panel model," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(3), pages 2563-2580, July.
    10. Ciarlone, Alessio, 2011. "Housing wealth effect in emerging economies," Emerging Markets Review, Elsevier, vol. 12(4), pages 399-417.
    11. Muntasir Murshed & Seemran Rashid, 2020. "An Empirical Investigation of Real Exchange Rate Responses to Foreign Currency Inflows: Revisiting the Dutch Disease Phenomenon in South Asia," The Economics and Finance Letters, Conscientia Beam, vol. 7(1), pages 23-46.
    12. Gangopadhyay, Partha & Jain, Siddharth & Bakry, Walid, 2022. "In search of a rational foundation for the massive IT boom in the Australian banking industry: Can the IT boom really drive relationship banking?," International Review of Financial Analysis, Elsevier, vol. 82(C).
    13. Samargandi, Nahla & Fidrmuc, Jan & Ghosh, Sugata, 2015. "Is the Relationship Between Financial Development and Economic Growth Monotonic? Evidence from a Sample of Middle-Income Countries," World Development, Elsevier, vol. 68(C), pages 66-81.
    14. Chang, Yoosoon, 2004. "Bootstrap unit root tests in panels with cross-sectional dependency," Journal of Econometrics, Elsevier, vol. 120(2), pages 263-293, June.
    15. Ben-Salha, Ousama & Dachraoui, Hajer & Sebri, Maamar, 2021. "Natural resource rents and economic growth in the top resource-abundant countries: A PMG estimation," Resources Policy, Elsevier, vol. 74(C).
    16. Siddique, Abu & Selvanathan, E.A. & Selvanathan, Saroja, 2016. "The impact of external debt on growth: Evidence from highly indebted poor countries," Journal of Policy Modeling, Elsevier, vol. 38(5), pages 874-894.
    17. Nusair, Salah A., 2019. "Oil price and inflation dynamics in the Gulf Cooperation Council countries," Energy, Elsevier, vol. 181(C), pages 997-1011.
    18. Dierk Herzer & Sebastian Vollmer, 2012. "Inequality and growth: evidence from panel cointegration," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 10(4), pages 489-503, December.
    19. Dzintra Atstāja & Edmira Cakrani, 2024. "Impact of Climate Change on International Tourism Evidence from Baltic Sea Countries," Sustainability, MDPI, vol. 16(12), pages 1-16, June.
    20. Usman, Muhammad & Makhdum, Muhammad Sohail Amjad, 2021. "What abates ecological footprint in BRICS-T region? Exploring the influence of renewable energy, non-renewable energy, agriculture, forest area and financial development," Renewable Energy, Elsevier, vol. 179(C), pages 12-28.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:15:y:2023:i:2:p:1071-:d:1027275. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.