| Title | Integrating fintech in natural resource management: Assessing the EKC hypothesis for sustainable development in E7 countries |
|---|---|
| ID_Doc | 76907 |
| Authors | Zhu, HY; Chen, Z; Xia, DR; Nassani, AA; Ul Hameed, W |
| Title | Integrating fintech in natural resource management: Assessing the EKC hypothesis for sustainable development in E7 countries |
| Year | 2024 |
| Published | |
| Abstract | The main objective of the study is to examine the impact of green finance, fintech and mineral resources on environmental sustainability is of great importance in the E7 nations namely Brazil, China, India, Indonesia, Mexico, Russia, and Turkey. The E7 countries are selected as these countries are mineral rich countries and account for a major portion of global mineral export. The data of twenty-five years spanning from 1998 to 2022 is used for the analysis. The study has employed the three measures namely carbon dioxide emissions, ecological footprint, green economic growth to conceptualize the sustainable growth. For the data analysis the study has employed the nonlinear auto-regressive distributed lag (NL-ARDL) model. The results of the study highlights that encouraging and promoting the green finance, and fintech in E7 countries promote sustainable growth, by reducing CO2 emission, improving economic growth, and reducing ecological footprints. The results of the study are in line with the proposition of EKC hypothesis. Moreover, the results of the study also highlight that mineral resource abundance have significant impact of environment sustainability. The study suggests that E7 countries should establish dedicated funds or subsidies to help businesses transition to green technologies and practices, especially for small and medium-sized enterprises. Fintech is seen as a transformative tool in advancing environmental sustainability by improving financial service efficiency and offering new green investment platforms in E7 countries. This could help mitigate initial costs associated with green technology adoption. |
Similar Articles
| ID | Score | Article |
|---|---|---|
8329
|
Zheng, Y; Tarczynski, W; Jamróz, P; Raza, SA; Tiwari, S Impacts of mineral resources, economic growth and energy consumption on environmental sustainability: Novel findings from global south region(2024) | |
| 31645
|
Tu, YT Drivers of Environmental Performance in Asian economies: Do natural resources, green innovation and Fintech really matter?(2024) | |
| 30966
|
Aneja, R; Yadav, M; Gupta, S The dynamic impact assessment of clean energy and green innovation in realizing environmental sustainability of G-20(2024)Sustainable Development, 32, 3 | |
| 31188
|
Anas, M; Zhang, W; Bakhsh, S; Ali, L; Isik, C; Han, J; Liu, XM; Rehman, HU; Ali, A; Huang, M Moving towards sustainable environment development in emerging economies: The role of green finance, green tech-innovation, natural resource depletion, and forested area in assessing the load capacity factor(2024)Sustainable Development, 32, 4 | |
| 66647
|
Liu, KY; Afzal, A; Zhong, YF; Hasnaoui, A; Yue, XG Investigating the resource curse: Evidence from MENA and N-11 countries(2023) | |
| 31638
|
Simeon, EO; Hongxing, Y; Sampene, AK The role of green finance and renewable energy in shaping zero-carbon transition: evidence from the E7 economies(2024)International Journal Of Environmental Science And Technology, 21, 10 | |
| 30776
|
Javed, H; Du, JG; Iqbal, S; Nassani, AA; Basheer, MF The impact of mineral resource abundance on environmental degradation in ten mineral- rich countries: Do the green innovation and financial technology matter?(2024) | |
| 32142
|
Udeagha, MC; Muchapondwa, E Striving for the United Nations (UN) sustainable development goals (SDGs) in BRICS economies: The role of green finance, fintech, and natural resource rent(2023)Sustainable Development, 31, 5 | |
| 30336
|
Wang, Z; Huang, YX; Ankrah, V; Dai, JP Greening the knowledge-based economies: Harnessing natural resources and innovation in information and communication technologies for green growth(2023) | |
| 62251
|
Sun, L; Li, XY; Wang, YT Digital trade growth and mineral resources In developing countries: Implications for green recovery(2024) |