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  • P-ISSN 2586-2995
  • E-ISSN 2586-4130
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KDI Journal of Economic Policy. Vol. 45, No. 2, May 2023, pp. 21-50

https://doi.org/10.23895/kdijep.2023.45.2.21

× KDI Open Access is a program of fully open access journals to facilitate the widest possible dissemination of high-quality research. All research articles published in KDI JEP are immediately, permanently and freely available online for everyone to read, download and share in terms of the Creative Commons Attribution 4.0 International License.

The Role of Digital Technology in Climate Technology Innovation†

KARAM JO

Author & Article History

Manuscript received 19 January 2023; revision received 29 January 2023; accepted 11 April 2023.

Abstract

In this paper, I empirically estimate the relationship between digital technology and climate technology using the United States Patent and Trademark Office’s patent database. I find that innovation in digital technology increases the number of patents for climate technology by 17.3% on average, with digital data-processing technology and machine-learning-related technologies especially playing a key role in this relationship. Designing and implementing detailed policies that take into account the relationship between the two technologies will help us reduce the time required to achieve carbon neutrality and shift to the digital economy.

Keywords

Digital Technology, Climate Technology, ICT Energy Consumption, Energy Efficiency

JEL Code

O31, O33, O38, Q48, Q54, Q55, Q58

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