2025, Vol. 6, Issue 2, Part M

Purpose: India is undergoing a twin transition that aims to align the goal of technological advancement with sustainability. Thus, the purpose of current investigation is to examine the intricate relationship between renewable energy, digitalization, artificial intelligence, and green finance.

Design/Methodology/ Approach: This study utilizes the time series data from 2000 to 2022 of India. The study employs ARDL test and Granger causality test to examine the nexus among variables under study.

Findings: The ARDL estimates show significantly positive connection between renewable energy consumption and digitalization in both long and short run. While, the outcome of artificial intelligence and green finance has shown insignificant impact on renewable energy consumption. The granger causality test reveals unidirectional causality between renewable energy consumption and green finance in India.

Originality/ Value: To the extent of authors’ knowledge, earlier literature has focused on examining the relationship between renewable energy, emissions, and economic growth. Despite the growing importance of artificial intelligence, digitalization, emissions and renewable energy, authors find scarce literature in the context of India. Importantly, this study has given a thoughtful consideration to the green finance received by India for energy transition. Consequently, the present research advances understanding in an unexplored area and tries to bridge the scholarly gap.