IDEAS home Printed from https://ideas.repec.org/a/eee/renene/v247y2025ics0960148125006494.html
   My bibliography  Save this article

Pathways to environmental sustainability: Do fintech, natural resources, and environmental patents matter in E−7 nations?

Author

Listed:
  • Bai, Yu
  • Eweade, Babatunde Sunday
  • Aghazadeh, Sahar
  • Bamidele, Ruth Oluyemi
  • Xu, Yingshan

Abstract

Growing concerns about climate change and environmental sustainability have heightened the global urgency to identify and implement effective strategies for mitigating environmental impacts. In this context, financial technology (Fintech), combined with sustainable natural resource management, offers significant opportunities to address environmental risks. This study examines the roles of Fintech, natural resource management, environmental patents, and economic growth in advancing environmental sustainability in E7 countries from 2000Q1 to 2020Q4, using the Method of Moments Quantile Regression (MMQR) for analysis. The findings reveal that natural resources have a positive and significant effect on the ecological footprint across all quantiles, with a slight reduction at mid-quantiles. Environmental patents are associated with a negative impact on the ecological footprint, suggesting that technological advancements contribute to reducing environmental degradation, particularly around the median quantile. The negative coefficients for GDP indicate that economic growth may contribute to reducing the ecological footprint. Fintech consistently exhibits negative coefficients across all quantiles, with a stronger impact at higher quantiles, underscoring its effectiveness in reducing the ecological footprint in E7 nations. The study recommends that policymakers incentivize Fintech companies to prioritize green financing solutions, such as carbon credit trading platforms and investments in renewable energy, to enhance environmental sustainability efforts.

Suggested Citation

  • Bai, Yu & Eweade, Babatunde Sunday & Aghazadeh, Sahar & Bamidele, Ruth Oluyemi & Xu, Yingshan, 2025. "Pathways to environmental sustainability: Do fintech, natural resources, and environmental patents matter in E−7 nations?," Renewable Energy, Elsevier, vol. 247(C).
    • Handle: RePEc:eee:renene:v:247:y:2025:i:c:s0960148125006494
    DOI: 10.1016/j.renene.2025.122987
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0960148125006494
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.renene.2025.122987?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:renene:v:247:y:2025:i:c:s0960148125006494. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/renewable-energy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.