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Evaluating the impact of digitalization, renewable energy use, and technological innovation on load capacity factor in G8 nations

Usman MehmoodDepartment of Political Science, University of Management and Technology, Lahore, PakistanSalman TariqDepartment of Space Science, University of the Punjab, Lahore, PakistanMuhammad Umar AslamRemote Sensing GIS and Climatic Research Lab National Center of GIS and Space Applications, University of the Punjab, Lahore, PakistanEphraim Bonah AgyekumDepartment of Nuclear and Renewable Energy, Ural Federal University Named After the First President of Russia Boris Yeltsin, 19 Mira Street, Ekaterinburg, 620002, RussiaSolomon Eghosa UhunamureFaculty of Applied Sciences, Cape Peninsula University of Technology, P. O. Box 652, Cape Town, 8000, South Africa. [email protected]Karabo ShaleFaculty of Applied Sciences, Cape Peninsula University of Technology, P. O. Box 652, Cape Town, 8000, South AfricaMustafa KamalDepartment of Basic Sciences, College of Science and Theoretical Studies, Saudi Electronic University, Dammam, 32256, Saudi ArabiaMuhammad Faisal KhanDepartment of Basic Sciences, College of Science and Theoretical Studies, Saudi Electronic University, Riyadh, 11673, Saudi Arabia
2023en
ABI

Аннотация

Ecosystems are in danger due to human-caused air, water, and soil pollution, so it is important to find the underlying causes of this issue and develop practical solutions. This study adds to environmental research gap by suggesting the load capability factor (LCF) and using it to look at the factors affectting environmental health. The load capacity factor simplifies monitoring environmental health by illustrating the distinction between ecological footprint and biocapacity. We examine the interplay between mobile phone users (Digitalization DIG), technological advancements (TEC), renewable energy use, economic growth, and financial development. This study assesses G8 economies' data from 1990 to 2018, using a Cross-Section Improved Autoregressive Distributed Lag CS-ARDL estimator and a cointegration test. The data shows that green energy, TEC innovation, and DIG are all beneficial for natural health. Based on the results of this study, the G8 governments should focus on environmental policies that promote economic growth, increase the use of renewable energy sources, guide technological progress in key areas, and encourage the development of digital information and communications technologies that are better for the environment.

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