An investigation of fintech governance, natural resources and government stability on sustainability: Policy suggestions under the SDGs theme

Xinzhen Feng, Dequn Zhou and Tufail Hussain

Resources Policy, 2024, vol. 96, issue C

Abstract: Climate change is the most pressing issue confronting every nation in this new century. Account for the SDGs (SDG) is to combat climate change and its effects as soon as possible. There is an immediate need to determine how financial technology (FinTech) influences sustainable development in light of the present global climate. Historically, times of plenty of natural resources have been associated with better economic growth, a phenomenon known as the resource curse avoided. On the other hand, the G20 countries also possess vast untapped potential in environmentally friendly renewable energy sources. Carbon dioxide (CO2) emissions from 2010 to 2022 are analyzed in this research using monetary technology, organic resources, and government stability (GOS). Additionally, we consider the impact of urbanization, renewable energy use, and GDP per capita on carbon dioxide (CO2) emissions. The research utilizes a variety of approaches in its analysis, including ADF and DF-GLS, among Padroni and Kao's PP unit root tests cointegration, FMOLS, and DOLS. This research utilizes panel quantile regression to examine the effects of variables and the vital PMG-ARDL test checks. Based on the findings, carbon emissions might be reduced with a one-unit increase in the usage of renewable energy sources, advancements in financial technology, conservation of natural resources, and political stability. Carbon emissions are positively affected by urbanization and GDP per capita. In light of these results, we urge the Group of Twenty (G20) nations to make renewable energy consumption and creating environmentally friendly financial products their top priorities in the fight for the SDGs.

Keywords: CO2; Fintech governance; Natural resources; Government stability; Renewable energy consumption (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:96:y:2024:i:c:s0301420724005518

DOI: 10.1016/j.resourpol.2024.105184

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