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Is there a direct benefit of using electronic commerce and electronic banking in mitigating climate change?

Author

Listed:
  • Alina Georgiana Manta

    (University of Craiova)

  • Nicoleta Mihaela Doran

    (University of Craiova)

  • Gheorghe Hurduzeu

    (The Bucharest University of Economic Studies)

  • Roxana Maria Bădîrcea

    (University of Craiova)

  • Marius Dalian Doran

    (West University of Timișoara)

  • Florin Liviu Manta

    (University of Craiova)

Abstract

The main objective of the study is to highlight the impact that the use of electronic commerce (e-commerce), electronic banking (e-banking) services have on climate change in European Union (EU) countries. Thus, we built a panel model to evaluate the correlations between e-commerce, e–banking, electronic sales channels, and climate change mitigation during 2011–2022 period for the EU countries. Furthermore, we applied the Fully Modified Ordinary Least Squares (FMOLS) method including three independent variables that evaluate the use of digital commerce applications and the dependent variable for climate change. A significant revelation of the study is the positive contribution of e-commerce activities to climate change mitigation. Furthermore, the study emphasizes the role of e-banking in decreasing the consequences of climate change. However, the study also uncovers a more complex aspect regarding electronic sales channels. It finds that not all forms of electronic sales are effective in reducing climate change impacts. Thus, the study highlights the potential benefits of e-commerce and e-banking in the context of climate change mitigation, while also warning against a one-size-fits-all approach to the adoption of digital commerce models. These findings have important implications for policymakers, businesses, and researchers aiming to align digital transformation with sustainable development goals.

Suggested Citation

  • Alina Georgiana Manta & Nicoleta Mihaela Doran & Gheorghe Hurduzeu & Roxana Maria Bădîrcea & Marius Dalian Doran & Florin Liviu Manta, 2024. "Is there a direct benefit of using electronic commerce and electronic banking in mitigating climate change?," Climatic Change, Springer, vol. 177(10), pages 1-22, October.
  • Handle: RePEc:spr:climat:v:177:y:2024:i:10:d:10.1007_s10584-024-03809-z
    DOI: 10.1007/s10584-024-03809-z
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    References listed on IDEAS

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    Cited by:

    1. Alina Georgiana Manta & Claudia Gherțescu & Roxana Maria Bădîrcea & Liviu Florin Manta & Jenica Popescu & Cătălin Valentin Mihai Lăpădat, 2025. "How Does the Interplay Between Banking Performance, Digitalization, and Renewable Energy Consumption Shape Sustainable Development in European Union Countries?," Energies, MDPI, vol. 18(3), pages 1-35, January.

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