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

Sadiq, Muhammad; Paramaiah, Ch; joseph, Robinson; Dong, Ziguang; Nawaz, Muhammad Atif; Shukurullaevich, Nizomjon Khajimuratov

doi:10.1016/j.resourpol.2023.104494

Cited by 37 publications

(1 citation statement)

References 59 publications

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“…All results are statistically significant according to ARDL panel results. Fintech's impact on reducing environmental impact and CO 2 emissions has been welldocumented by numerous scholars in various countries [48][49][50][51][52]. Our stance is in agreement with this discovery as we analyse the impact of fintech on environmental pollution in highly invested African countries.…”

Section: Analysis Of Cointegration Test Among Variablessupporting

confidence: 71%

A COP28 Perspective: Does Chinese Investment and Fintech Help to Achieve the SDGs of African Economies?

Zhang,

Nankpan,

Zhou

et al. 2024

Sustainability

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Scientific consensus affirms human activity, particularly carbon emissions from market participants, drives global warming. Foreign investment, crucial for sustainability in developing nations, now faces scrutiny regarding its impact on environmental quality in emerging economies. This study examines the influence of Chinese Outward Foreign Direct Investment (OFDI) and fintech on environmental conditions in the top five Chinese-invested African economies, alongside factors such as energy consumption, economic performance, and unemployment affecting CO2 pollution. Quarterly data from 2006–2021 confirm cointegration among variables via panel unit root and cointegration tests. Panel ARDL method estimates coefficients for short and long-run effects. Our findings reveal: (1) A 1% increase in Chinese investment leads to a 0.56% decrease in CO2 emissions, supporting its positive environmental impact. (2) Fintech adoption also demonstrates a beneficial effect, with a 1% increase associated with a 0.18% reduction in CO2 levels. (3) Total energy consumption, as expected, has a detrimental impact, causing a 0.92% increase in CO2 emissions with a 1% rise. (4) Interestingly, economic growth fosters environmental sustainability, while unemployment correlates negatively with it. These findings suggest that targeted Chinese investments and fintech adoption can aid in mitigating CO2 pollution in African economies while balancing economic considerations.

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