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Financing the green transition: Mobilizing resources for efficient natural resource management

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  • Wang, Yunqiao
  • Han, Liangliang
  • Sun, Jiaqi
  • Sun, Zheyu

Abstract

Given the increasing need to tackle climate change and environmental deterioration, it is crucial to transition towards sustainable natural resource management significantly. This study utilizes panel regression models and examines panel data from 1999 to 2019 to evaluate the effects of these initiatives thoroughly. This research highlights the crucial role of finance in enabling the shift towards a more environmentally friendly economy, emphasizing the significance of efficient resource mobilization. Well-defined legal frameworks and transparent reporting methods, especially those that use blockchain technology, are crucial in instilling confidence among investors and stakeholders, hence fostering the effectiveness of green financing endeavors. In order to effectively promote sustainable natural resource management, prioritizing the establishment of unambiguous regulatory frameworks and transparent reporting mechanisms is crucial. Fostering international collaboration and public-private partnerships will be essential in mobilizing resources and driving the transition towards environmentally friendly practices.

Suggested Citation

  • Wang, Yunqiao & Han, Liangliang & Sun, Jiaqi & Sun, Zheyu, 2024. "Financing the green transition: Mobilizing resources for efficient natural resource management," Resources Policy, Elsevier, vol. 89(C).
    • Handle: RePEc:eee:jrpoli:v:89:y:2024:i:c:s0301420723012333
    DOI: 10.1016/j.resourpol.2023.104522
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