Fintech adoption, AI development, and energy transition dynamics

IF 14.2 2区经济学 Q1 ECONOMICS

Energy Economics Pub Date : 2025-09-19 DOI:10.1016/j.eneco.2025.108905

Muhammad Umar , Alexandra Horobet , Cristina Carmencita Negreanu , Lucian Belascu , Nawazish Mirza

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Abstract

This study examines the impact of Fintech adoption on energy intensity and renewable energy use in 29 European countries between 2000 and 2022, focusing on the moderating roles of innovation and artificial intelligence (AI). Using the Method of Moments Quantile Regression, panel threshold models, and Granger non-causality tests, we find that adopting Fintech solutions consistently reduces energy intensity, with more potent effects in countries with higher energy inefficiency. Fintech also promotes renewable energy use, especially in countries with lower renewable energy shares. The interaction between Fintech and innovation amplifies these beneficial effects, while AI development demonstrates distinct patterns across different energy intensity levels. Further, our findings reveal specific thresholds in Fintech adoption that mark significant changes in its effectiveness concerning energy outcomes. The study also uncovers contrasting effects of financial institutions' and markets' accessibility on energy outcomes, suggesting the need for structural reforms in European financial systems to support better the energy transition, with particular attention dedicated to consolidating financial markets.

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金融科技采用、人工智能发展和能源转型动态

本研究考察了2000年至2022年间29个欧洲国家采用金融科技对能源强度和可再生能源使用的影响，重点关注创新和人工智能（AI）的调节作用。通过矩量分位数回归法、面板阈值模型和格兰杰非因果检验，我们发现采用金融科技解决方案可以持续降低能源强度，在能源效率低下的国家效果更显著。金融科技还促进了可再生能源的使用，特别是在可再生能源份额较低的国家。金融科技和创新之间的互动放大了这些有益的影响，而人工智能的发展在不同的能源强度水平上表现出不同的模式。此外，我们的研究结果揭示了金融科技采用的特定阈值，标志着其在能源结果方面的有效性发生了重大变化。该研究还揭示了金融机构和市场的可及性对能源结果的对比影响，表明需要对欧洲金融体系进行结构性改革，以更好地支持能源转型，并特别关注巩固金融市场。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Energy Economics ECONOMICS-

CiteScore

18.60

自引率

12.50%

发文量

524

期刊介绍： Energy Economics is a field journal that focuses on energy economics and energy finance. It covers various themes including the exploitation, conversion, and use of energy, markets for energy commodities and derivatives, regulation and taxation, forecasting, environment and climate, international trade, development, and monetary policy. The journal welcomes contributions that utilize diverse methods such as experiments, surveys, econometrics, decomposition, simulation models, equilibrium models, optimization models, and analytical models. It publishes a combination of papers employing different methods to explore a wide range of topics. The journal's replication policy encourages the submission of replication studies, wherein researchers reproduce and extend the key results of original studies while explaining any differences. Energy Economics is indexed and abstracted in several databases including Environmental Abstracts, Fuel and Energy Abstracts, Social Sciences Citation Index, GEOBASE, Social & Behavioral Sciences, Journal of Economic Literature, INSPEC, and more.