Nexus Between Digital Finance and Renewable Energy Usage: An Empirical Analysis From Twelve Selected Indian States

This study conducts an empirical investigation into the relationship between digital finance and renewable energy usage across 12 Indian states, with a focus on both urban and rural areas. By collecting state-wise data from 2008 to 2022 and employing various panel techniques, the research finds that digital finance positively influences the adoption of renewable energy in India, including in rural and urban regions. The study recommends addressing the digital divide to enhance the utilization of renewable energy.