Fintech, natural resource abundance, environmental regulations and energy consumption in BRICST and G7 economies: Empirical evidence from novel climate change index

被引:7
作者
Ma, Beiling [1 ,2 ]
Destek, Mehmet Akif [3 ,4 ,5 ]
Shahzad, Luqman [6 ]
Bashir, Muhammad Farhan [6 ]
机构
[1] Hunan Univ Technol & Business, Sch Publ Adm & Human Geog, Hunan Key Lab Carbon Neutral & Intelligent Energy, Changsha 410205, Hunan, Peoples R China
[2] Changsha Social Lab Artificial Intelligence, Changsha 410205, Hunan, Peoples R China
[3] Gaziantep Univ, Dept Econ, Gaziantep, Turkiye
[4] Lebanese Amer Univ, Adnan Kassar Sch Business, Beirut 11022801, Lebanon
[5] Azerbaijan State Univ Econ UNEC, Res Methods Applicat Ctr UNEC, AZ-1001 Baku, Azerbaijan
[6] Shenzhen Univ, Coll Management, Shenzhen 518060, Guangdong, Peoples R China
关键词
Climate change; Fintech; Energy transition; Resource consumption; Fossil fuels energy consumption; Environmental policy stringency index; TOTAL FACTOR PRODUCTIVITY; CARBON-DIOXIDE EMISSIONS; POLICIES; LAW;
D O I
10.1016/j.resourpol.2024.104873
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
The growing evidence of global warming and climate change has helped create a consensus to formulate stringent energy, resource, and environmental policies to protect environmental quality. However, ecological distress continues to grow due to fossil fuel and natural resource dependency. The current study extends the environmental debate by analyzing how Fintech, natural resource abundance, environmental policy, energy transition, and fossil fuel consumption impact climate change. We use extensive econometric analysis to reveal that Fintech, environmental policy stringency, and energy transition are critical towards environmental sustainability, while natural resource rents and fossil fuel consumption are the primary contributors to climate change. In addition, we also divide our dataset into BRICST and G7 economies to provide further insights. To solve climate change, we propose that Fintech and stringent energy policies are key to improving energy and resource efficiency.
引用
收藏
页数:9
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