Exploring the asymmetric association between fintech, clean energy, climate policy, natural resource conservations and environmental quality. A post-COVID perspective from Asian countries

Ziguang Dong, Zheng Zhou, Mohammed Ananzeh, Khai Nguyen Hoang, Zilola Shamansurova and Tuan Anh Luong

Resources Policy, 2024, vol. 88, issue C

Abstract: Although Asian region is making great effort to achieve environmental sustainability and make it top priority in terms of environmental policy. Ecological distress in the region is continued to be growth due to heavily reliance on fossil fuels to fulfill energy needs. Moreover, the region is also known to be a major importer of fossil fuels, hence, struggling bit more to reduce the dependency on non-renewable resources. Additionally, the region also provides various untapped opportunities in the form of renewable resources that are helpful to get cleaner perspective. Thus, the current study claims that consumption of clean energy, fintech advancements, and climate policy might shed both linear and nonlinear impacts. However, the presence of linear and nonlinear association is ignored in the prevailing studies. To overcome the limitations of the prevailing studies, the current study examines the symmetric and asymmetric impacts of climate policy, clean energy consumption, and fintech developments on environmental sustainability and the conservation of natural resources. The data is collected from top Asian economies and investigated using CS-ARDL and NARDL models. The outcomes reveal that fintech developments, climate policy, and consumption of clean energy enhance environmental sustainability and conservation of natural resources. The findings are crucial in fintech innovations, the advancement of climate policies, and the use of clean energy sources.

Keywords: Clean energy; Natural resource conservation; Fintech development; Environmental sustainability; COVID-19; Asian economies (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:88:y:2024:i:c:s030142072301200x

DOI: 10.1016/j.resourpol.2023.104489

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