Foreign direct investment is measured using the actual FDI used in each province. Urbanization is calculated using nighttime lighting data, drawing on [61]. 3.3. Data source. ... Due to limitations in the availability of data on the digital economy and energy consumption, the sample years for this paper are 2011–2018. ...
Size of the Digital Economy 85% . 17% . 13% . 64% 74% 98% . 87% . 90% . 73% . 42% . 28% . 51% 36% Retail via e -commerce . Investment in ICT as a share of total investment . Payments made digitally . Adults with smartphones . Households with broadband . Adults who use social media . ... Energy storage . Advanced oil and . gas exploration . and ...
To-date, most of the energy sector''s transition efforts have focused on hardware: new low-carbon infrastructure that will replace legacy carbon-intensive systems. Relatively little effort and investment has focused on another critical tool for the transition: next-generation digital technologies, in particular artificial intelligence (AI).
Green technological innovation in alternative energy production, transportation, and administrative supervision and design is an important channel for improving productivity in …
As the engine of the new era, digital economy (DE) may be a potential catalyst to overcome this dilemma (Fang et al., 2022) is a set of economic activities in which data assets are the primary productive factor, modern networks are the crucial carriers, and ICT and other technologies are used effectively to raise productivity and restructure the economy (Zhang et …
This article highlights the potential of digital business models to facilitate clean energy transitions, with a particular focus on how they can enhance energy efficiency and …
Improving the structure of energy consumption (ECS) through green finance and the digital economy is one of the main paths to achieving the goal of carbon neutrality. This paper explores the impact of green finance and the digital economy on the ECS of 30 regions in China from 2007 to 2022 using the Generalized method of moments(GMM) model, further …
Our new country-by-country and sector-by-sector analysis finds that in 2023, clean energy added around USD 320 billion to the world economy. This represented 10% of global GDP growth – equivalent to more than the value added by the global aerospace industry in 2023, or to adding an economy the size of the Czech Republic to global output.
The digital economy serves as a pivotal catalyst for sustainable and eco-friendly development. This study employs a suite of advanced econometric models, including the fixed effects, mediation, threshold and moderation model, to elucidate the intricate dynamics by which the digital economy influences carbon emissions through the lens of green innovation. Building …
2 · Visitors flock to ZTE''s booth during the Mobile World Congress 2022 in Barcelona in March. NEWSCOM "We will continue to research new energy, new materials and new components to make breakthroughs in key technologies, laying a solid technical foundation for green infrastructure for information and communications technology and enhancing the depth …
The results suggest that (1) The digital economy can significantly reduce carbon emissions. (2) Improving energy efficiency and promoting energy structure transformation are two essential mechanisms for carbon reduction in the digital economy. (3) There is heterogeneity in the impact of the digital economy on carbon emissions.
For every 1 % increase in the digital economy, renewable energy innovation can surge by an average of 0.352 %. Secondly, the primary channels through which the digital …
Due to the advancement of digital technology, the digital economy has developed rapidly, profoundly changing human production and lifestyles, thereby promoting the dual digital transformation of the energy supply and demand sides and having a profound impact on energy utilization efficiency. Based on measuring the total factor energy efficiency (TFEE) of …
Based on Chinese provincial-level data from 2012 to 2020,this paper construct the regional digital economic development index by the CRITIC method and empirically finds an inhibiting effect of the digital economy development on innovation in renewable energy technology (IRETs). A mediation mechanism test shows that the inhibiting effect may be due to serious …
Norwegian renewable energy powerhouse Statkraft, in its latest Low Emissions Scenario, says that emissions-free hydrogen could account for 6% of global energy demand by 2050, including 7% of ...
5 · In the digital economy development model, the continuous investment in digital resources, such as 5G, cloud computing, and blockchain, leads to a decrease in marginal cost with the user''s scale expansion and the marginal benefit''s increase. ... The second section theoretically analyzes the effect of the digital economy on energy conservation ...
The European Investment Bank and Bill Gates''s Breakthrough Energy Catalyst are backing Energy Dome with €60 million in financing. That''s because energy storage solutions are critical if Europe is to reach its climate goals. Emission-free energy from the sun and the wind is fickle like the weather, and we''ll need to store it somewhere for use at times when nature …
Rapid advancements in digital technologies have accelerated global change, underscoring the critical role of resilience in addressing the escalating energy, economic, and environmental challenges. This paper investigates the effects and mechanisms of the digital economy on energy, economic, and environmental resilience within the context of these …
Downloadable (with restrictions)! Considering the potential relationship between the digital economy and energy transition, we investigate the effect of the digital economy on the structure of renewable energy consumption and generation by employing panel data of 72 countries covering the period 2003–2019. We also investigate the mediating effect of government governance, …
Digital technologies play crucial roles in integrating different aspects of the new energy system. ... The new energy economy depicted in the NZE is a collaborative one in which countries demonstrate a shared focus on securing …
Low-carbon, electrification, digitalization, and intelligent development are the four key paths for energy evolution and transformation. The energy industry has entered a new era of digital energy, deeply integrated with …
Advanced information technology is deeply integrated with energy production, transmission, storage, consumption, and energy market, and the application of intelligent power plants, smart grids, and smart coal mines is …
Increasingly, energy and tech companies are investing in projects, partnerships and digital energy companies. For example, at the end of 2020, Sidewalk Infrastructure Partners – a venture backed by Google''s parent company, Alphabet – invested USD 100 million to build a virtual power plant in California that plans to aggregate 750 000 ...
At present, China''s economic growth is slowing down, and the digital economy is conducive to solving many structural contradictions in economic development, promoting industrial transformation and upgrading and enhancing economic resilience (Wang et al. 2022c).Against the backdrop of global warming, advancing the energy transition so as to …
Second, although the direct impact of the digital economy on energy transition is negative, it plays a significantly positive moderating role in the process of AI''s impact on energy transition. ... investing in digital infrastructure and fostering a digital society is crucial to laying a solid data and technological foundation for the AI-driven ...
The digital economy and energy saving and emission reduction. Digital technology has profoundly altered production patterns and social life, with far-reaching impacts on the economy, resources, and the environment (Xu and Zhong 2022).The issue of energy consumption and pollution emissions arising from the development of the digital economy has …
As a new economic form, digital economy will have a profound impact on economic activities, including energy consumption and FDI. This paper is intended to explore the differences in the impact of digital economy on urban energy efficiency in China, and whether there is a mediation effect of FDI in this impact process. Therefore, based on the data of 279 …
China''s rapid economic growth over the past few decades has significantly increased energy consumption and carbon emissions, making it the world''s largest carbon emitter. However, in 2021, China unveiled ambitious …
The digital economy plays an important role in promoting regional green innovation. Based on the panel data of 30 provincial administrative regions in mainland China (except Tibet) from 2011 to 2018, this paper constructs a comprehensive development index of the digital economy and explores the potential path of the digital economy affecting regional green …
Republic of Azerbaijan (AZPROMO) on the Investing in the Digital Economy of Azerbaijan (IDEA) project The project has two complementary goals: 1. Growing investment in the digital economy, including: (a) investment in digital infrastructure; (b) investment in new digital start-ups; (c) investment in digital adoption in existing firms (e.g ...
The rapid development of digital economy brings new opportunities and challenges. Based on a panel dataset of 30 provinces in China from 2011 to 2020, this paper empirically examines the direct, mediating and nonlinear effects of digital economy on energy transition. The study finds the following important conclusions. First, the digital economy is …
China is confronted with the dual constraints of economic transformation and carbon emission reduction. As the digital economy is a key force in promoting economic transformation and optimizing industrial structure, it is crucial to analyze the digital economy''s impact on carbon emission reduction from the perspective of energy consumption and …
More significant investment in the digital transformation of energy systems is also needed, with total investment in energy infrastructure needing to increase by USD92 to USD173 trillion by 2050 to ensure net zero emissions are achieved. ... electric vehicles, energy storage, smart meters, and smart homes. Build an integrated intelligent energy ...
Battery energy storage China is investing heavily in battery storage, targeting 100 GW storage capacity by 2030. The 14 th FYP set the tone to support all types of battery energy storage systems, including sodium-ion, novel lithium-ion, lead-carbon, and redox flow. Battery storages have the advantages of high capacity, long life cycles, low ...
This study explores the influence of the Digital Economy (DE) on the Energy Trilemma (ET) across Chinese cities from 2008 to 2021. Leveraging an extensive panel dataset encompassing 276 cities, we constructed a city-level ET index, categorized cities using k-means clustering, and employed IV-GMM regression to scrutinize the impact of DE.
The digital economy poses new regulatory challenges that must be addressed, including issues surrounding the regulation of data (the lifeblood of the digital economy), competition issues relating ...
Digital technologies play crucial roles in integrating different aspects of the new energy system. ... The new energy economy depicted in the NZE is a collaborative one in which countries demonstrate a shared focus on securing the necessary reductions in emissions, while minimising and taking precautions against new energy security risks ...
To-date, most of the energy sector''s transition efforts have focused on hardware: new low-carbon infrastructure that will replace legacy carbon-intensive systems. Relatively little effort and investment has focused on …
The digital economy has emerged as an innovative economy that utilizes digital technologies and electronic communication to conduct economic and business activities across a wide range of sectors, including e-commerce, digital marketing, digital financial services, software development, computer games, and cloud services.
The economics of energy are changing: cheaper storage is bending the electricity cost curve, giving a boost to charging stations. Utilities meanwhile are refining strategies and raising their digital game.
Digitalization stimulates renewable energy investment by alleviating investment uncertainties, expanding investment avenues, and fostering innovative investment models. …
Zhao et al. (2021b) discuss the characteristics of the digital transformation of China''s power system, and indicate that the digital economy can make short-term production …
The significance of accurately assessing the influence of digital economy growth upon reducing emission of carbon in the context of worldwide climate governance cannot be overstated. This is crucial in encouraging low-carbon economic advancement at national level, achieving carbon peak and neutrality as soon as possible, and creating a shared future for …
The report examines the impact of digital technologies on energy demand sectors, looks at how energy suppliers can use digital tools to improve operations, and explores the transformational potential of digitalisation to help create a highly interconnected energy …
It is further noticed that the digital economy improves energy allocation, ... It has become conducive to producing, transmitting and feasible in renewable energy storage products ... [85] findings, which highlighted the best practices to attract renewable energy investment in the ASEAN countries. The role of governance and legislation ...
Moreover, digital management systems optimize energy storage, enhancing the proportion of renewable energy in the energy mix 9. Finally, the digital economy provides resource-based cities with the ...
The digital economy is considered important to achieve carbon peaking and carbon neutrality. This paper explores the impact of the digital economy on carbon emissions and renewable energy development using panel data for 67 countries from 2005–2019. The results show that there is an inverted U-shaped relationship between the digital economy and carbon …
There is currently no authoritative definition of the "digital economy". Based on existing research (Barefoot et al., 2018), the digital economy is defined in this article as a fresh economic pattern with data as the key production factor and digital technology as an important carrier mainly includes two core contents: digital industrialization and industrial digitization.
The digital economy, driven by information and communication technologies (ICT), has profoundly transformed in recent decades. The digitalization of society has given rise to an economic environment in which information, connectivity, and innovation play fundamental roles. In this context, a technology that has emerged as a fundamental pillar of the digital …
