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Exploring the asymmetric association between fintech, clean energy, climate policy, natural resource conservations and environmental quality. A post-COVID perspective from Asian countries

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  • Dong, Ziguang
  • Zhou, Zheng
  • Ananzeh, Mohammed
  • Hoang, Khai Nguyen
  • Shamansurova, Zilola
  • Luong, Tuan Anh

Abstract

Although Asian region is making great effort to achieve environmental sustainability and make it top priority in terms of environmental policy. Ecological distress in the region is continued to be growth due to heavily reliance on fossil fuels to fulfill energy needs. Moreover, the region is also known to be a major importer of fossil fuels, hence, struggling bit more to reduce the dependency on non-renewable resources. Additionally, the region also provides various untapped opportunities in the form of renewable resources that are helpful to get cleaner perspective. Thus, the current study claims that consumption of clean energy, fintech advancements, and climate policy might shed both linear and nonlinear impacts. However, the presence of linear and nonlinear association is ignored in the prevailing studies. To overcome the limitations of the prevailing studies, the current study examines the symmetric and asymmetric impacts of climate policy, clean energy consumption, and fintech developments on environmental sustainability and the conservation of natural resources. The data is collected from top Asian economies and investigated using CS-ARDL and NARDL models. The outcomes reveal that fintech developments, climate policy, and consumption of clean energy enhance environmental sustainability and conservation of natural resources. The findings are crucial in fintech innovations, the advancement of climate policies, and the use of clean energy sources.

Suggested Citation

  • Dong, Ziguang & Zhou, Zheng & Ananzeh, Mohammed & Hoang, Khai Nguyen & Shamansurova, Zilola & Luong, Tuan Anh, 2024. "Exploring the asymmetric association between fintech, clean energy, climate policy, natural resource conservations and environmental quality. A post-COVID perspective from Asian countries," Resources Policy, Elsevier, vol. 88(C).
    • Handle: RePEc:eee:jrpoli:v:88:y:2024:i:c:s030142072301200x
    DOI: 10.1016/j.resourpol.2023.104489
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    Cited by:

    1. Fan, Min & Lu, Zhixi & Zhou, Yun & Wang, Jian, 2024. "Threshold and spillovers effects of fintech on China's energy dependence on fossil fuel," Resources Policy, Elsevier, vol. 91(C).
    2. Polat, Onur & Ozcan, Burcu & Ertuğrul, Hasan Murat & Atılgan, Emre & Özün, Alper, 2024. "Fintech: A Conduit for sustainability and renewable energy? Evidence from R2 connectedness analysis," Resources Policy, Elsevier, vol. 94(C).

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