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Application of Machine Learning Techniques in the Analysis of Sustainable Energy Finance

In: Machine Learning Technologies on Energy Economics and Finance

Author

Listed:
  • Riadul Islam Rabbi

    (Multimedia University)

  • Ekramul Haque Tusher

    (University Malaysia Pahang Al-Sultan Abdullah)

  • Mahmudul Hasan

    (Deakin University
    Hajee Mohammad Danesh Science and Technology University)

  • Md Rashedul Islam

    (Hajee Mohammad Danesh Science and Technology University)

Abstract

Sustainable energy finance is a vital aspect that drives modern economic frameworks. In earlier times, both demand and supply in global economies have been thought to consider energy prices such as different fuels. So, these energy sectors need to be sustainable in the world with eco-friendly state-of-the-art technologies. The objective of this investigation is to forecast several fuels like crude oil, heating oil, natural gas, gasoline, and Brent crude for future market directions to hold down in the world. The study employs different machine learning algorithms like Decision Tree (DT), Random Forest (RF), Support Vector Machine (SVM), K-Nearest Neighbors (KNNs), Neural Network (NN), and XGBoost that a precise predicting model can successfully change the trends of fuel prices using historical Yahoo finance dataset. The findings from empirical research show that RF, DT, and XGBoost have given the best performance rather than other models. So cutting-edge technologies can contribute to the finance energy sectors to fulfill the sustainable development goals (SDGs) purposes. Above all, the carrying out of the SDGs could potentially be used to improve financial performance forecasting by enabling firms to enhance the involvement of investors and examine their ecological, governance, and social initiatives.

Suggested Citation

  • Riadul Islam Rabbi & Ekramul Haque Tusher & Mahmudul Hasan & Md Rashedul Islam, 2025. "Application of Machine Learning Techniques in the Analysis of Sustainable Energy Finance," International Series in Operations Research & Management Science, in: Mohammad Zoynul Abedin & Wang Yong (ed.), Machine Learning Technologies on Energy Economics and Finance, pages 227-249, Springer.
  • Handle: RePEc:spr:isochp:978-3-031-94862-6_10
    DOI: 10.1007/978-3-031-94862-6_10
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