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The role of fintech, natural resources and trade policy uncertainty towards SDGs in China: New insights from nonlinear approach

Author

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  • Yu, Dan
  • Wang, Shenghu
  • Yi, Yuting
  • Ren, Yu

Abstract

The substantial rise in natural calamities all around the world should act as a wake-up call for countries to take the threat to the environment seriously. Despite the efforts, there has been little progress, and nearly all the countries are suffering due to climate change. The United Nations Sustainable Development Goals (SDGs) have helped little to abate the environmental issues. This is the need of the hour to address the acute environmental issues in the world, particularly in China, due to its role as the largest polluter in the world. This study used a nonlinear approach named as “Nonlinear Autoregressive Distributed Lag (NARDL)” technique, to study the impact of Fintech (FNT), Natural Resources (NTR), and Trade Policy Uncertainty (TPU) on Environmental Sustainability (ENS) levels in China, based on the data from 2000 to 2020. FNT was found to have a positive impact on achieving ENS, while the use and extraction of NTR and TPU are detrimental to ENS in China. Furthermore, FNT can be one of the ways China would be able to achieve its SDG in the long run. China is recommended to introduce a carbon tax for polluting firms and offer tax credits for sustainable firms. This must be followed up with the provision of green credit through FNT to provide the firms with the funding needed to move towards a green economy smoothly.

Suggested Citation

  • Yu, Dan & Wang, Shenghu & Yi, Yuting & Ren, Yu, 2024. "The role of fintech, natural resources and trade policy uncertainty towards SDGs in China: New insights from nonlinear approach," Resources Policy, Elsevier, vol. 91(C).
    • Handle: RePEc:eee:jrpoli:v:91:y:2024:i:c:s0301420724002563
    DOI: 10.1016/j.resourpol.2024.104889
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