Is ICT Development Conducive to Reducing the Vulnerability of Low-Carbon Energy? Evidence from OECD Countries.

Abstract

This paper constructs a low-carbon energy vulnerability system with the three dimensions of economy-society-environment, uses the entropy method to measure the low-carbon energy vulnerability index of Organization for Economic Co-operation and Development (OECD) countries from 2002 to 2018, and observes the essential characteristics. On this basis, we analyze the impact of the development of the Information Communication Technology (ICT) service industry on the vulnerability of low-carbon energy and explore the moderating effects of technological innovation and resource consumption. This paper draws the following conclusions: (1) The low-carbon energy vulnerability of OECD countries shows a gradual downward trend, showing three stages of "continuous rise-declining volatility-low-level fluctuation". The low-carbon energy policies and implementation efforts in different countries have become the key to reducing the vulnerabilities of low-carbon energy in OECD countries. The economic and social vulnerabilities of low-carbon energy in most countries are outstanding. (2) The development of the ICT service industry benefits by reducing the vulnerability of low-carbon energy with a significant weakening effect, while high-vulnerability countries benefit even more. (3) In the weakening effect of the development of the ICT service industry on the vulnerability of low-carbon energy, technological innovation exerts an enhanced moderating effect, and resource consumption exerts a disruptive moderating effect. Technological innovation accelerates the weakening effect of the ICT service industry, and resource consumption is not conducive to the weakening effect of the ICT service industry. Based on this, we draw corresponding policy recommendations.