Pathways to sustainability: Evaluating the impact of green energy, natural resources, FinTech, and environmental policies in resource-abundant countries

IF 10.2 2区 经济学 0 ENVIRONMENTAL STUDIES
Najia Saqib , U. Shahzad
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引用次数: 0

Abstract

The escalating concerns about ecological sustainability have made the consumption of resources a crucial global issue. The speedy growth of the economy is heavily reliant on excessive consumption of resources, which significantly contributes to the imbalance between biodiversity and ecological footprint, resulting in a decrease in the carrying capacity. Both researchers and policymakers strive to enhance the amount of financial capital in the present time while ensuring that the country's economic growth remains unaffected. The primary objective of this study is to analyze the impact of green energy, financial technology (FinTech), and environmental regulations on enhancing the environmental sustainability of resource-rich countries from 1992 to 2022. To address problems with cross-sectional dependency and slope heterogeneity, this study employs the CS- ARDL model. The long-term results indicate that the reliance on income from natural resources decreased the load capacity factor. However, the load capacity factor was improved by shifting to green energy, adopting fintech, and implementing environmental regulations. The utilization of the AMG and CCEMG estimate procedures enhances the validity of the research findings. These findings provide essential policy recommendations for all stakeholder involved.

可持续发展之路:评估绿色能源、自然资源、金融科技和环境政策对资源丰富国家的影响
对生态可持续性的关注不断升级,使资源消耗成为一个至关重要的全球性问题。经济的快速增长在很大程度上依赖于资源的过度消耗,这在很大程度上造成了生物多样性和生态足迹之间的失衡,导致承载能力下降。研究人员和政策制定者都在努力提高当前金融资本的数量,同时确保国家的经济增长不受影响。本研究的主要目的是分析 1992 至 2022 年间绿色能源、金融科技(FinTech)和环境法规对提高资源丰富国家环境可持续性的影响。为解决横截面依赖性和斜率异质性问题,本研究采用了 CS- ARDL 模型。长期结果表明,对自然资源收入的依赖降低了负载能力系数。然而,通过转向绿色能源、采用金融科技和实施环境法规,负载能力系数得到了提高。使用 AMG 和 CCEMG 估算程序增强了研究结果的有效性。这些研究结果为所有相关利益方提供了重要的政策建议。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
Resources Policy
Resources Policy ENVIRONMENTAL STUDIES-
CiteScore
13.40
自引率
23.50%
发文量
602
审稿时长
69 days
期刊介绍: Resources Policy is an international journal focused on the economics and policy aspects of mineral and fossil fuel extraction, production, and utilization. It targets individuals in academia, government, and industry. The journal seeks original research submissions analyzing public policy, economics, social science, geography, and finance in the fields of mining, non-fuel minerals, energy minerals, fossil fuels, and metals. Mineral economics topics covered include mineral market analysis, price analysis, project evaluation, mining and sustainable development, mineral resource rents, resource curse, mineral wealth and corruption, mineral taxation and regulation, strategic minerals and their supply, and the impact of mineral development on local communities and indigenous populations. The journal specifically excludes papers with agriculture, forestry, or fisheries as their primary focus.
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