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Fintech, natural resource rents, renewable energy consumption and environmental quality: A perspective of green economic recovery from BRICS economies

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  • Zhang, Yanying
  • Zheng, Kengcheng
  • Xia, Fei
  • Cheng, Zhengtao

Abstract

The concerns related to environmental problems result in new technological and financial trends. In this context, fintech has come up as a substitute which happens to strike a balance economic growth and environmental sustainability that is particularly aimed by government, international communities and organizations. Furthermore, natural resource-abundant economies experience adverse environmental issues that would further necessitate the economies to find out the credible solution. Thus, against the backdrop, we explore the linear (symmetric) and non-linear (asymmetric) associations among variables such as consumption of renewable energies (CRE), natural resource rents (NRR), environmental policy implication (EPI), and Financials technologies (FTech) from the perspective of BRICS economies. Over the period from 2016 to 2023, the study applies CS-ARDL and NARDL models to explore the possible linearity and non-linearity of associations. We find that Fintech and NRR enhance economic recovery but deteriorate the environmental quality. However, strict environmental policy implications reduce economic growth and enhance climate quality. Finally, consumption of renewable energies contributes to higher economic growth and better environmental quality.

Suggested Citation

  • Zhang, Yanying & Zheng, Kengcheng & Xia, Fei & Cheng, Zhengtao, 2024. "Fintech, natural resource rents, renewable energy consumption and environmental quality: A perspective of green economic recovery from BRICS economies," Resources Policy, Elsevier, vol. 89(C).
    • Handle: RePEc:eee:jrpoli:v:89:y:2024:i:c:s0301420723013156
    DOI: 10.1016/j.resourpol.2023.104604
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    3. Ahmed, Mansoora & Khaskheli, Asadullah & Raza, Syed Ali & Hassan, M. Kabir, 2024. "Eco-tech fusion: Unraveling the nonparametric causal effects of fintech, natural resources, digital infrastructure, and economic growth on environmental sustainability from a quantile perspective," Resources Policy, Elsevier, vol. 98(C).
    4. Md Qamruzzaman & Sylvia Kor, 2024. "Navigating the path to environmental sustainability: Insights from CIVETS on the intersection of ICT diffusion, natural resources, and green technological innovation," PLOS ONE, Public Library of Science, vol. 19(12), pages 1-40, December.
    5. Yang, Xiaodong & Razzaq, Asif, 2024. "Does Fintech influence green utilization efficiency of mineral resources? Evidence from China's regional data," Resources Policy, Elsevier, vol. 99(C).
    6. Ahmad, Mahmood & Pata, Ugur Korkut & Ahmed, Zahoor & Zhao, Ruiqi, 2024. "Fintech, natural resources management, green energy transition, and ecological footprint: Empirical insights from EU countries," Resources Policy, Elsevier, vol. 92(C).
    7. Zhaoming Bi & Rabnawaz Khan, 2024. "A Comparative Study of the Environmental, Social, and Governance Impacts of Renewable Energy Investment on CO 2 Emissions in Brazil, Russia, India, China, and South Africa," Energies, MDPI, vol. 17(23), pages 1-30, November.
    8. Dalai Ma & Ruonan Chang & Jianwei Tan & Fengtai Zhang & Yin Yan & Zuman Guo & Bitan An & Jiawei Zhang, 2026. "How high-quality development varies in China—a case study of Chongqing based on the EIORES-DEA model," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 13(1), pages 1-18, December.
    9. Feng, Shaohuai & Mohd Shafiei, Mohd Wira & Ng, Theam Foo & Ren, Jie, 2024. "Unlocking the potential of natural resources, fintech and fiscal policy for carbon neutrality; evidence from N-11 nations," Resources Policy, Elsevier, vol. 98(C).
    10. Polat, Onur & Ozcan, Burcu & Ertuğrul, Hasan Murat & Atılgan, Emre & Özün, Alper, 2024. "Fintech: A Conduit for sustainability and renewable energy? Evidence from R2 connectedness analysis," Resources Policy, Elsevier, vol. 94(C).
    11. Charilaos Mertzanis & Asma Houcine & Athanasios Pavlopoulos & Apostolos Vetsikas & Ilias Kampouris, 2026. "Financial Technology and Environmental Performance: International Evidence," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 31(2), pages 2664-2689, April.
    12. Shah, Wasi Ul Hassan & Sarfraz, Muddassar & Yasmeen, Rizwana, 2025. "Unveiling the impact of natural energy resources depletion on energy industry productivity in top 10 economies: Moderating role of FinTech," Energy, Elsevier, vol. 315(C).
    13. Ul-Durar, Shajara & De Sisto, Marco & Arshed, Noman & Naveed, Shabana & Farooqi, Madiha Rehman, 2024. "FinTech adoption in achieving ecologically sustainable mineral management in Asian OBOR countries – A cross-section and time autoregressive robust analysis," Resources Policy, Elsevier, vol. 91(C).

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