Diffusion of technology and renewable energy in the G10 countries: A panel threshold analysis

The paper analyzes the threshold effect of technology innovation on renewable energy in the G10 countries through the panel threshold method. The outcome shows that technology innovation has a low impact on renewable energy when technology innovation is below the threshold value. However, technology innovation has a strong positive effect on renewable energy when the threshold value is above because of the expansion of spending on energy and technology. Moreover, digitalization makes renewable integration possible, analytic and artificial intelligence improve production. The findings explore that carbon emission has a negative impact on renewable energy. However, knowledge stocks, imported oil prices, economic growth, and electricity con-sumption positively affect renewable energy. The countries must develop more cost-effective, mature, and accessible renewable energy technology. Also, the focus should be on implementation instead of investing in existing infrastructure. A political commitment to phase out nuclear power and fossil fuels can improve the underwhelming performance.

Automated summary

The paper analyzes the threshold effect of technology innovation on renewable energy in the G10 countries through the panel threshold method. The findings indicate that technology innovation has a low impact on renewable energy below the threshold value, but a strong positive effect above the threshold due to increased spending on energy and technology. In addition, digitalization enables renewable integration, while analytics and artificial intelligence enhance production. It is crucial for countries to develop cost-effective, mature, and accessible renewable energy technology, focus on implementation, and commit to phasing out nuclear power and fossil fuels for better performance.