The impact of financial inclusion, Fintech, HDI, and green finance on environmental sustainability in E-7 countries

Ghulam Ghouse, Muhammad Ishaq Bhatti and Muhammad Junaid Nasrullah

Finance Research Letters, 2025, vol. 72, issue C

Abstract: This paper explores the complex relationships between financial inclusion, fintech adoption, the Human Development Index (HDI), and green finance in promoting environmental sustainability within E-7 economies. Using structural equation model, our analysis reveals a significant direct impact of HDI on environmental sustainability, with green innovation serving as a crucial mediator. These findings highlight the essential role of green innovation in enhancing sustainability in emerging economies, offering new insights into the synergy between financial practices, human development, and environmental conservation.

Keywords: Financial inclusion; Fintech; Financial sustainability; Green innovation; Structural equation model; Environment sustainability (search for similar items in EconPapers)
JEL-codes: C33 C36 F21 F64 G2 Q56 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:72:y:2025:i:c:s1544612324016465

DOI: 10.1016/j.frl.2024.106617

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