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From peer influence to green cognition: How digital transformation fosters renewable energy innovation in manufacturing

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  • Wu, Lang
  • Shi, Junwei

Abstract

Using Python-based data mining and text analysis of corporate annual reports and patent databases, this study constructs a comprehensive dataset on renewable energy technology patents and digital transformation at the firm level for Chinese listed manufacturing enterprises. Our methodology employs the International Patent Classification system for renewable energy categorization and analyzes digital transformation through a customized keyword dictionary encompassing four dimensions. This novel dataset delivers critical micro-level evidence on renewable energy innovation pathways essential for accelerating manufacturing's energy transition—a sector responsible for approximately 30 % of global emissions—and achieving China's 2030/2060 carbon neutrality targets. Our findings reveal that: (1) digital transformation (DT) significantly promotes renewable energy technology innovation (RETI), with results robust across multiple tests; (2) mechanism analysis shows DT fosters RETI through “marketization compensation” and “industry competitive incentives” externally, while driving “information transparency” and “deepening green cognition” internally; and (3) heterogeneity analysis demonstrates stronger impacts in environmentally penalized firms and state-owned enterprises. This study empirically validates the DT-RETI relationship, providing policymakers with evidence for designing targeted incentives and offering corporate strategists a framework for integrating digital capabilities with sustainable innovation objectives.

Suggested Citation

  • Wu, Lang & Shi, Junwei, 2025. "From peer influence to green cognition: How digital transformation fosters renewable energy innovation in manufacturing," Energy Economics, Elsevier, vol. 148(C).
    • Handle: RePEc:eee:eneeco:v:148:y:2025:i:c:s0140988325005183
    DOI: 10.1016/j.eneco.2025.108691
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    Keywords

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    JEL classification:

    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis

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