IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v15y2023i7p6299-d1117391.html
   My bibliography  Save this article

Evaluation of Digital Transformation to Support Carbon Neutralization and Green Sustainable Development Based on the Vision of “Channel Computing Resources from the East to the West”

Author

Listed:
  • Zhaoyang Wu

    (School of Economics and Management, Qinghai Normal University, Xi’ning 810016, China
    Center of International Education, Philippine Christian University, Malate, Manila 1004, Philippines
    The Center of Provincial-Ministerial Collaborative Innovation for Research on Tibetan History and Multi-Ethnic Prosperity and Development, Xi’ning 810016, China)

  • Xiaoning Wang

    (School of Economics and Management, Qinghai Normal University, Xi’ning 810016, China)

  • James Yong Liao

    (Center of International Education, Philippine Christian University, Malate, Manila 1004, Philippines)

  • Hongrong Hou

    (Center of International Education, Philippine Christian University, Malate, Manila 1004, Philippines)

  • Xiaokui Zhao

    (School of Economics and Management, Qinghai Normal University, Xi’ning 810016, China)

Abstract

The long-term dependence on fossil fuels has led to an increase in carbon dioxide emissions. Global warming poses a huge risk to the sustainable development of the world, and even threatens human survival. The arrival of the carbon neutral era means that urban development is facing serious restrictions on carbon emissions. Digitization has brought profound changes to the economic and social development model, and would also change the pattern of urban competition. The goal of carbon neutrality is to change the low-carbon development model and structure, supplement it with negative carbon emissions, and comprehensively reduce greenhouse gas emissions. However, achieving the goal of carbon neutrality still faces many challenges and problems. For this reason, this paper analyzed the significance of carbon neutralization and the challenges faced by sustainable development to study the advantages of carbon neutralization under Digital Transformation (abbreviated as DT), and finally proposed the implementation path of carbon neutralization and sustainable development based on the channel of computing resources from the east to the west. The carbon emission effect before DT increased with time, while the carbon emission effect after DT decreased with time, in which the carbon emission effect after DT decreased by 47.9% compared with that before DT. The post-DT industry digitalization degree and the carbon trading system perfection degree were better than those before DT. The post-DT industry digitalization degree was 10.4% higher than that before DT, and the carbon trading system perfection degree was 9.5% higher than that before DT. In a word, DT and channeling computing resources from the east to the west can promote the realization of carbon neutrality and sustainable development.

Suggested Citation

  • Zhaoyang Wu & Xiaoning Wang & James Yong Liao & Hongrong Hou & Xiaokui Zhao, 2023. "Evaluation of Digital Transformation to Support Carbon Neutralization and Green Sustainable Development Based on the Vision of “Channel Computing Resources from the East to the West”," Sustainability, MDPI, vol. 15(7), pages 1-17, April.
  • Handle: RePEc:gam:jsusta:v:15:y:2023:i:7:p:6299-:d:1117391
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/15/7/6299/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2071-1050/15/7/6299/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. David L. McCollum & Wenji Zhou & Christoph Bertram & Harmen-Sytze Boer & Valentina Bosetti & Sebastian Busch & Jacques Després & Laurent Drouet & Johannes Emmerling & Marianne Fay & Oliver Fricko & Sh, 2018. "Energy investment needs for fulfilling the Paris Agreement and achieving the Sustainable Development Goals," Nature Energy, Nature, vol. 3(7), pages 589-599, July.
    2. Samuel Petros Sebhatu & Bo Enquist, 2022. "Values and Multi-stakeholder Dialog for Business Transformation in Light of the UN Sustainable Development Goals," Journal of Business Ethics, Springer, vol. 180(4), pages 1059-1074, November.
    3. David L. McCollum & Wenji Zhou & Christoph Bertram & Harmen-Sytze Boer & Valentina Bosetti & Sebastian Busch & Jacques Després & Laurent Drouet & Johannes Emmerling & Marianne Fay & Oliver Fricko & Sh, 2018. "Author Correction: Energy investment needs for fulfilling the Paris Agreement and achieving the Sustainable Development Goals," Nature Energy, Nature, vol. 3(8), pages 699-699, August.
    4. Smriti Mallapaty, 2020. "How China could be carbon neutral by mid-century," Nature, Nature, vol. 586(7830), pages 482-483, October.
    5. A. B. Savchenko & T. L. Borodina, 2020. "Green and Digital Economy for Sustainable Development of Urban Areas," Regional Research of Russia, Springer, vol. 10(4), pages 583-592, October.
    6. Gerard George & Ryan K. Merrill & Simon J. D. Schillebeeckx, 2021. "Digital Sustainability and Entrepreneurship: How Digital Innovations Are Helping Tackle Climate Change and Sustainable Development," Entrepreneurship Theory and Practice, , vol. 45(5), pages 999-1027, September.
    Full references (including those not matched with items on IDEAS)

    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. Gumber, Anurag & Zana, Riccardo & Steffen, Bjarne, 2024. "A global analysis of renewable energy project commissioning timelines," Applied Energy, Elsevier, vol. 358(C).
    2. Ozdemir, Ali Can & Buluş, Kurtuluş & Zor, Kasım, 2022. "Medium- to long-term nickel price forecasting using LSTM and GRU networks," Resources Policy, Elsevier, vol. 78(C).
    3. Dahlen, Niklas & Fehrenkötter, Rieke & Schreiter, Maximilian, 2024. "The new bond on the block — Designing a carbon-linked bond for sustainable investment projects," The Quarterly Review of Economics and Finance, Elsevier, vol. 95(C), pages 316-325.
    4. Joëlle Noailly & Roger Smeets, 2022. "Financing Energy Innovation: Internal Finance and the Direction of Technical Change," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 83(1), pages 145-169, September.
    5. Wu, Qingyang & Wang, Yanying, 2022. "How does carbon emission price stimulate enterprises' total factor productivity? Insights from China's emission trading scheme pilots," Energy Economics, Elsevier, vol. 109(C).
    6. Marco Due~nas & Antoine Mandel, 2024. "Are EU low-carbon structural funds efficient in reducing emissions?," Papers 2408.01782, arXiv.org.
    7. Pan, Xunzhang & Ma, Xueqing & Zhang, Yanru & Shao, Tianming & Peng, Tianduo & Li, Xiang & Wang, Lining & Chen, Wenying, 2023. "Implications of carbon neutrality for power sector investments and stranded coal assets in China," Energy Economics, Elsevier, vol. 121(C).
    8. Lin, Yuanxiong & Anser, Muhammad Khalid & Peng, Michael Yao-Ping & Irfan, Muhammad, 2023. "Assessment of renewable energy, financial growth and in accomplishing targets of China's cities carbon neutrality," Renewable Energy, Elsevier, vol. 205(C), pages 1082-1091.
    9. Perdana, Sigit & Vielle, Marc, 2022. "Making the EU Carbon Border Adjustment Mechanism acceptable and climate friendly for least developed countries," Energy Policy, Elsevier, vol. 170(C).
    10. Thomas Baldauf & Patrick Jochem, 2024. "Project finance or corporate finance for renewable energy? an agent-based insight," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 19(4), pages 759-805, October.
    11. Nirvikar Singh, 2022. "India’s Strategy for Achieving Net Zero," Energies, MDPI, vol. 15(16), pages 1-11, August.
    12. Yu, Bolin & Fang, Debin & Xiao, Kun & Pan, Yuling, 2023. "Drivers of renewable energy penetration and its role in power sector's deep decarbonization towards carbon peak," Renewable and Sustainable Energy Reviews, Elsevier, vol. 178(C).
    13. Chrimes, Tommy & Gootjes, Bram & Kose, M. Ayhan & Wheeler, Collette, 2024. "The Great Reversal," CEPR Discussion Papers 19090, C.E.P.R. Discussion Papers.
    14. Qian Zhang & Christopher Kennedy & Tao Wang & Wendong Wei & Jiashuo Li & Lei Shi, 2020. "Transforming the coal and steel nexus for China's eco‐civilization: Interplay between rail and energy infrastructure," Journal of Industrial Ecology, Yale University, vol. 24(6), pages 1352-1363, December.
    15. Dong, Kangyin & Wei, Shuo & Liu, Yang & Zhao, Jun, 2023. "How does energy poverty eradication promote common prosperity in China? The role of labor productivity," Energy Policy, Elsevier, vol. 181(C).
    16. Zohra Dradra & Chokri Abdennadher, 2023. "Modeling the effects of renewable energy on sustainable development: evidence from simultaneous equations models," Economic Change and Restructuring, Springer, vol. 56(4), pages 2111-2128, August.
    17. Han Wang & Wenjuan Dong & Hongji Li & Ershun Du, 2023. "Investment Estimation in the Energy and Power Sector towards Carbon Neutrality Target: A Case Study of China," Sustainability, MDPI, vol. 15(5), pages 1-14, March.
    18. Yang, Xue & Xu, He & Su, Bin, 2022. "Factor decomposition for global and national aggregate energy intensity change during 2000–2014," Energy, Elsevier, vol. 254(PB).
    19. Wang Gao & Jiajia Wei & Shixiong Yang, 2023. "The Asymmetric Effects of Extreme Climate Risk Perception on Coal Futures Return Dynamics: Evidence from Nonparametric Causality-In-Quantiles Tests," Sustainability, MDPI, vol. 15(10), pages 1-19, May.
    20. Dafermos, Yannis & Nikolaidi, Maria, 2021. "How can green differentiated capital requirements affect climate risks? A dynamic macrofinancial analysis," Journal of Financial Stability, Elsevier, vol. 54(C).

    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:7:p:6299-:d:1117391. 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.