Role of Inclusive Finance on oil Resource production targets: How Fiscal Pressures influence natural resources policy and green recovery in Gulf countries?

Tingxuan Sun

Resources Policy, 2024, vol. 88, issue C

Abstract: This study considers the impact of fiscal pressures on natural resources policy and green recovery techniques as it explores the effect of inclusive finance on reaching oil resource production targets in Gulf countries. The connection between financial inclusion, oil production targets, and fiscal restrictions is examined in countries heavily dependent on oil resources income. The study examines how global oil price fluctuations and changing environmental rules impact resource management and revenue stability. Developing green initiatives and diversification methods are crucial for reducing fiscal vulnerabilities brought on by the oil market's volatility. Using empirical data and case studies, this study clarifies policy frameworks that balance financial inclusion, oil production, and environmental sustainability. Adopting circular economy models, increasing energy efficiency, and investing in renewable energy sources are recommended for achieving a balanced and sustainable development. Study provides several policy implications for the associates parties on the basis of current research findings.

Keywords: Inclusive Finance; Oil resource production targets; Fiscal pressures; Natural resources policy; Green recovery; Gulf countries (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:88:y:2024:i:c:s0301420723010486

DOI: 10.1016/j.resourpol.2023.104337

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