Do financial inclusion, natural resources and green innovation affect the Sustainable Environment in Resource Rich Economies

Abstract

Greenhouse gas emissions have been under scrutiny as a significant cause of global warming in the last two decades due to the growing dangers posed by climate change. This makes it essential to investigate the underlying variables that are responsible for emissions of pollutants in order to assist in the formulation of environmental policy. Therefore, the Sustainable Development Goals (SDGs) that have been established by the United Nations aim to reduce the negative effects that resource extractions have on the environment by the year 2030. Considering the relevancy of Financial inclusion (FIN), Natural Resources (NTR) and Green Innovation (GIN), the current study is conducted to evaluate their role in attaining Sustainable Environment (SEN) in the panel of resource-rich countries. For that purpose, the application of Method of Moment Quantile Regressions (MMQR) is made for testing relationships. The outcome reported the positive effects of GIN towards SEN, whereas NTR and FIN were found to destroy the SEN. Based on the findings, there is a need to have initiatives that can be helpful in optimising the NTR, whereas a mindful integration of FIN and GIN can also derive the SEN.