Asymmetric impact of natural resources, fintech, and digital banking on climate change and environmental sustainability in BRICS countries

被引:8
作者
Pu, Ganlin [1 ]
Wong, Wing-Keung [2 ,3 ,4 ,5 ]
Du, Qiang [6 ]
Al Shraah, Ata [7 ]
Alromaihi, Abdullah [8 ]
Muda, Iskandar [9 ]
机构
[1] Wenzhou Univ Technol, Sch Econ & Management, Wenzhou 325035, Zhejiang, Peoples R China
[2] Asia Univ, Fintech & Blockchain Res Ctr, Dept Finance, 500 Lioufeng Rd, Taichung 41354, Taiwan
[3] Asia Univ, Big Data Res Ctr, 500 Lioufeng Rd, Taichung 41354, Taiwan
[4] China Med Univ Hosp, Dept Med Res, Taichung, Taiwan
[5] Hong Kong Shue Yan Univ, Business Econ & Publ Policy Res Ctr, Hong Kong, Peoples R China
[6] Sanda Univ, Shengxiang Sch Business, Shanghai 201209, Peoples R China
[7] Hashemite Univ, Fac Business, Dept Business Adm, Zarqa, Jordan
[8] Qassim Univ, Coll Business & Econ, Dept Business Adm, Buraydah, Saudi Arabia
[9] Univ Sumatera Utara, Medan, Indonesia
关键词
Natural resources; Digitalization; Fintech; Banking sector; Financial sector; Environmental sustainability; FINANCIAL DEVELOPMENT; TECHNOLOGICAL-INNOVATION; ECOLOGICAL FOOTPRINT; ENERGY; GROWTH; EMISSIONS;
D O I
10.1016/j.resourpol.2024.104872
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
Climate change and environmental sustainability concerns are spreading globally, increasing the need for understanding and the implementation of proper actions to mitigate environmental repercussions sharply. In this regard, there is a great opportunity for financial sectors, technological advancements, and the responsible utilization of natural resources to provide significant solutions for defending the planet from environmental hazards. Therefore, this study estimate the role of financial technologies, natural resources and banking and financial sector on climate change and environmental sustainability in BRICS countries between 1995 and 2022. The study applies Methods of Moments Quantile Regression (MMQR) to carry out empirical estimation. The findings show that natural resources and banking sector development have positive role in exacerbating climate change and environmental un-sustainability (at different quantiles). In terms of financial sector and financial technologies, the study finds significant negative role of financial technologies in climate change and environmental sustainability but insignificant (though positive) impact of financial sector on climate change and environmental sustainability. The concerned authorities are recommended to ensure the lending for environmental friendly and clean energy projects by finance and banking sector, promoting research and development for financial technologies and implementation of strict policies to curb over exploitation of natural resources.
引用
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页数:11
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