Role of fintech, green finance, and natural resource rents in sustainable climate change in China. Mediating role of environmental regulations and government interventions in the pre-post COVID eras

Muhammad Sadiq, Ch Paramaiah, Robinson Joseph, Ziguang Dong, Muhammad Atif Nawaz and Nizomjon Khajimuratov Shukurullaevich

Resources Policy, 2024, vol. 88, issue C

Abstract: The recent advancement in financial technologies is impressive in various aspects. Nevertheless, emerging green finance literature highlights that due to such advancement, a limited positive impact is observed on green finance. This further raises various concerns regarding the gauged benefits from sustainability point of view. This curiosity leads to investigate the impact of fintech on environmental sustainability via mediating role of green finances and natural resource volatility. The study explores the proposed association from the perspective of governmental interventions and environmental regulation. To achieve the purpose of the study, a dataset comprising 10 years from 2013 to 2022 is collected from China. Based on different regression-based models, it is inferred that the development of fintech in China facilitates the reduction of carbon emissions and promotes climate quality. Green finance as a mediator enhances while natural resource volatility as a mediator deteriorates climate sustainability. Furthermore, industrial structure and environmental regulations also shed inverse impacts on environmental quality. Government interventions play a crucial role in the betterment of climate quality. It is also observed that fintech-associated carbon emission intensity varies with higher-order quartiles. Moreover, the impact of fintech on carbon emission is heterogeneous across different COVID-based sub-samples.

Keywords: Fintech; Natural resources; Carbon emissions: green finance; Environmental regulations; Governmental interventions (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0301420723012059
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:88:y:2024:i:c:s0301420723012059

DOI: 10.1016/j.resourpol.2023.104494

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 ().