How do fintech, digitalization, green technologies influence sustainable environment in CIVETS nations? An evidence from CUP FM and CUP BC approaches.

Abstract

The natural resource curse highlights the paradox that nations with enormous reserves endure slower economic expansion than those with limited resources. On the other hand, fintech is revolutionizing the business community while setting the basis for long-lasting growth in CIVETS nations. The ongoing analysis analyzes the topic of ample natural resources promoting economic expansion. The ongoing analysis illuminates the case for CIVETS nations by applying the novel panel data models, the CUPFM and CUPBC tests, through which the analysis authenticates those natural resources augment carbon dioxide emissions. The analysis has taken the period 2000 to 2022. Policy practitioners discover the linkage very inspiring. Natural resources expedite an increment in carbon dioxide emissions in the selected panel. In addition, digitalization and fintech abate the emissions, whereas green technologies must be promoted in these nations for environmentally friendly development. Regarding the outcomes, think tanks should formulate policies encouraging sustainable environment. It incorporates the sustainable usage of natural resources and financing in and boosting fintech. Furthermore, it is mandatory to encourage digitalization and green technologies in the observed nations.