Natural Resources Consumption, Renewable Energy Investments and Digital Infrastructure: Analyzing Climate Change in Top‐10 Resource Consuming Economies

ABSTRACT The continuous industrial developments mean global economies are under heightened pressure to enact pro‐environmental policies and solve climate change and global warming. In order to examine the sustainable development transition, the current study articulates natural resources, digital infrastructure, renewable energy investments, institutional governance, and economic growth to study climate change in top‐10 resource‐consuming economies. The empirical analysis analyzes the empirical dataset from 1996 to 2022 to report that renewable energy investments, digital infrastructure, and institutional governance lower climate change challenges. In contrast, dependency on natural resources and economic growth endanger ecological sustainability. Our robust theoretical and econometric analysis helps us suggest sustainable development policy frameworks to help achieve sustainable development goals.

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