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Mineral wealth to green growth: Navigating FinTech and green finance to reduce ecological footprints in mineral rich developing economies

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  • Wang, Canghong
  • Zheng, Chaoliang
  • Chen, Boyang
  • Wang, Ling

Abstract

The main objective of this research is to investigate the relationship between the green finance, Fintech, ecological footprints of Mineral rich developing economies namely Peru, Indonesia, Kazakhstan, Argentina, Philippines, Ghana, India, Mexico, Zambia, Turkey, Chile, Saudi Arabia, South Africa, Brazil, Russia, China. The This study investigates the role of Fintech and green finance in influencing the environmental landscape of mineral-rich developing nations. This study analyses data from Mineral rich developing economies states spanning the period from 2003 to 2022. The main areas of investigation are digital governance, Fintech, environmental degradation, and green finance. Three distinct regression models were employed to investigate the impact of FinTech, and green finance on, CO2 emissions, NO2 emissions, and ecological footprints. The ecological footprint was introduced as a means of evaluating the state of the environment, taking into account both ecological and biological factors. Promoting green and financial technologies is critical for disentangling environmental degradation and economic success. Finally, the report suggests an inclusive policy framework for mineral-rich developing nations that protects the environment while promoting economic development. The findings of the study imply that the mineral rich developing economies can incorporate the study's significant findings into their policies. The text emphasises the importance of improving Fintech, prioritising green finance, and pursuing prudent economic growth as means of fostering sustainable and environmentally conscious development.

Suggested Citation

  • Wang, Canghong & Zheng, Chaoliang & Chen, Boyang & Wang, Ling, 2024. "Mineral wealth to green growth: Navigating FinTech and green finance to reduce ecological footprints in mineral rich developing economies," Resources Policy, Elsevier, vol. 94(C).
    • Handle: RePEc:eee:jrpoli:v:94:y:2024:i:c:s0301420724004835
    DOI: 10.1016/j.resourpol.2024.105116
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    More about this item

    Keywords

    Ecological footprint; N2O; Fintech; Green finance; Mineral;
    All these keywords.

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