Shades of sustainability: Decoding the influence of fintech, natural resources and green ICT on CO2 emissions and green growth in China

Abstract

The term "green growth" signifies an approach toward growth that promotes environmental sustainability and economic prosperity by supporting the preservation of natural resources, energy conservation, environmentally conscious farming, and waste disposal. It aims to distinguish economic prosperity from the destruction of the environment. Similarly, the core focus of the present study is to illustrate the impact of environmental policy, fintech, green technologies, and natural resources on carbon dioxide emissions and green growth in China over a specific twenty-one-year period covering 2000 to 2021. The study objectively analyzes the effects of environmental policy, natural resources, fintech, and green technologies on CO2 emissions and green growth employing the QARDL method. By confirming the empirical outcomes, the research analyzes the reliability of the methodology. The green growth and CO2 emissions models yield distinct results about statistically significant quantile ranges and coefficient magnitudes, as demonstrated by the research's findings. Natural resources support escalating CO2 emissions, whereas environmental policy, green technologies, and finance tend to lessen the detrimental effects. Concerning these results, policy experts should concentrate on green growth to facilitate the inclusion of green energy into the banking sector while reaching the zero-carbon objective by 2050.