Pathways to sustainability: Evaluating the impact of green energy, natural resources, FinTech, and environmental policies in resource-abundant countries

Najia Saqib and U. Shahzad

Resources Policy, 2024, vol. 97, issue C

Abstract: The escalating concerns about ecological sustainability have made the consumption of resources a crucial global issue. The speedy growth of the economy is heavily reliant on excessive consumption of resources, which significantly contributes to the imbalance between biodiversity and ecological footprint, resulting in a decrease in the carrying capacity. Both researchers and policymakers strive to enhance the amount of financial capital in the present time while ensuring that the country's economic growth remains unaffected. The primary objective of this study is to analyze the impact of green energy, financial technology (FinTech), and environmental regulations on enhancing the environmental sustainability of resource-rich countries from 1992 to 2022. To address problems with cross-sectional dependency and slope heterogeneity, this study employs the CS- ARDL model. The long-term results indicate that the reliance on income from natural resources decreased the load capacity factor. However, the load capacity factor was improved by shifting to green energy, adopting fintech, and implementing environmental regulations. The utilization of the AMG and CCEMG estimate procedures enhances the validity of the research findings. These findings provide essential policy recommendations for all stakeholder involved.

Keywords: Load capacity factor; Natural resource rent; Fintech; Green energy transition; Environmental policies; CSARDL (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0301420724006317
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:97:y:2024:i:c:s0301420724006317

DOI: 10.1016/j.resourpol.2024.105264

Access Statistics for this article

Resources Policy is currently edited by R. G. Eggert

More articles in Resources Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().