IDEAS home Printed from https://ideas.repec.org/a/eee/riibaf/v74y2025ics0275531924004847.html
   My bibliography  Save this article

Green finance for achieving environmental sustainability in G7 countries: Effects and transmission channels

Author

Listed:
  • Omri, Henda
  • Jarraya, Bilel
  • Kahia, Montassar

Abstract

This study examines the effectiveness of FinTech (Financial Technology), green finance, and environmental policy in achieving environmental sustainability across G7 countries from 2012 to 2022. By implementing the Hayes Process Macro, our findings show that (i) green finance is positively related to environmental sustainability by reducing CO₂ (carbon dioxide) emissions; (ii) environmental innovation mediates the relationship between green finance and environmental sustainability. Green innovation further acts as a crucial transmission mechanism, translating the inputs from green finance into tangible reductions in ecological footprints and CO₂ emissions; (iii) FinTech, as a moderator, enhances the effectiveness of green finance, particularly in fostering environmental innovation and sustainability efforts; (iv) environmental policy moderates the mediating effect of green finance on environmental sustainability via environmental innovation; (v) the synergy between FinTech and environmental policy optimizes the environmental benefits of green finance. The findings of this study have several significant implications for policymakers, financial institutions, and environmental advocates both within the G7 countries and globally.

Suggested Citation

  • Omri, Henda & Jarraya, Bilel & Kahia, Montassar, 2025. "Green finance for achieving environmental sustainability in G7 countries: Effects and transmission channels," Research in International Business and Finance, Elsevier, vol. 74(C).
    • Handle: RePEc:eee:riibaf:v:74:y:2025:i:c:s0275531924004847
    DOI: 10.1016/j.ribaf.2024.102691
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0275531924004847
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.ribaf.2024.102691?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.

    References listed on IDEAS

    as
    1. Murshed, Muntasir & Saboori, Behnaz & Madaleno, Mara & Wang, Hong & Doğan, Buhari, 2022. "Exploring the nexuses between nuclear energy, renewable energy, and carbon dioxide emissions: The role of economic complexity in the G7 countries," Renewable Energy, Elsevier, vol. 190(C), pages 664-674.
    2. Sun, Yunpeng & Guan, Weimin & Cao, Yuning & Bao, Qun, 2022. "Role of green finance policy in renewable energy deployment for carbon neutrality: Evidence from China," Renewable Energy, Elsevier, vol. 197(C), pages 643-653.
    3. Kahouli, Bassem & Omri, Anis & Afi, Hatem, 2024. "Technological innovations and health performance: Effects and transmission channels," Technological Forecasting and Social Change, Elsevier, vol. 204(C).
    4. Asif Raihan, 2023. "An econometric evaluation of the effects of economic growth, energy use, and agricultural value added on carbon dioxide emissions in Vietnam," Asia-Pacific Journal of Regional Science, Springer, vol. 7(3), pages 665-696, September.
    5. Lisha, Liu & Mousa, Saeed & Arnone, Gioia & Muda, Iskandar & Huerta-Soto, Rosario & Shiming, Zhai, 2023. "Natural resources, green innovation, fintech, and sustainability: A fresh insight from BRICS," Resources Policy, Elsevier, vol. 80(C).
    6. Lee, Chien-Chiang & Wang, Fuhao & Chang, Yu-Fang, 2023. "Does green finance promote renewable energy? Evidence from China," Resources Policy, Elsevier, vol. 82(C).
    7. Lu, Shibao & Lu, Wenjing & Xu, Meng & Taghizadeh-Hesary, Farhad & Tang, Yao, 2023. "Water-energy-food security under green finance constraints in Southwest China," Energy Economics, Elsevier, vol. 118(C).
    8. Veli Yilanci & Ugur Korkut Pata, 2022. "On the interaction between fiscal policy and CO2 emissions in G7 countries: 1875–2016," Journal of Environmental Economics and Policy, Taylor & Francis Journals, vol. 11(2), pages 196-217, April.
    9. Yan, Zheming & Yu, Ying & Du, Kerui & Zhang, Ning, 2024. "How does environmental regulation promote green technology innovation? Evidence from China's total emission control policy," Ecological Economics, Elsevier, vol. 219(C).
    10. Mohammad Omar Alhejaili, 2024. "Integrating Climate Change Risks and Sustainability Goals into Saudi Arabia’s Financial Regulation: Pathways to Green Finance," Sustainability, MDPI, vol. 16(10), pages 1-18, May.
    11. Yong Fang & Zhenquan Shao, 2022. "Whether Green Finance Can Effectively Moderate the Green Technology Innovation Effect of Heterogeneous Environmental Regulation," IJERPH, MDPI, vol. 19(6), pages 1-19, March.
    12. Singh, Sanjay Kumar & Giudice, Manlio Del & Chierici, Roberto & Graziano, Domenico, 2020. "Green innovation and environmental performance: The role of green transformational leadership and green human resource management," Technological Forecasting and Social Change, Elsevier, vol. 150(C).
    13. Tang, Mengxuan & Hou, Yang (Greg) & Goodell, John W. & Hu, Yang, 2024. "Fintech and corporate risk-taking: Evidence from China," Finance Research Letters, Elsevier, vol. 64(C).
    14. Li, Guangpei & Wang, Xiaoyu & Su, Shibin & Su, Yuan, 2019. "How green technological innovation ability influences enterprise competitiveness," Technology in Society, Elsevier, vol. 59(C).
    15. Otto H. Chang & Michael D. Slaubaugh, 2017. "Sustainable Business Practices in the United States: A Survey on Implementation," Journal of Management and Sustainability, Canadian Center of Science and Education, vol. 7(3), pages 1-11, September.
    16. Amine Ben Amar & Ramzi Benkraiem & Khaled Guesmi & Hela Mzoughi, 2024. "Blockchain markets, green finance investments, and environmental impacts," Post-Print hal-04925275, HAL.
    17. Jiang, Hu & Yang, Yihan & Wang, Yiwen & Chandni, Kehkashan & Wang, Mengzhen, 2024. "Shades of sustainability: Decoding the influence of fintech, natural resources and green ICT on CO2 emissions and green growth in China," Resources Policy, Elsevier, vol. 97(C).
    18. Xiong, Yuyu & Dai, Li, 2023. "Does green finance investment impact on sustainable development: Role of technological innovation and renewable energy," Renewable Energy, Elsevier, vol. 214(C), pages 342-349.
    19. Xia, Aiming & Liu, Qing, 2024. "Modelling the asymmetric impact of fintech, natural resources, and environmental regulations on ecological footprint in G7 countries," Resources Policy, Elsevier, vol. 89(C).
    20. López, Ramón & Galinato, Gregmar I. & Islam, Asif, 2011. "Fiscal spending and the environment: Theory and empirics," Journal of Environmental Economics and Management, Elsevier, vol. 62(2), pages 180-198, September.
    21. Huang, Wei & Goodell, John W. & Xia, Qing & Yuan, Shuai, 2024. "Trade credit provision and innovation: A strategic trade-off," International Review of Financial Analysis, Elsevier, vol. 94(C).
    22. Yanhong Liu & Jia Lei & Yihua Zhang, 2021. "A Study on the Sustainable Relationship among the Green Finance, Environment Regulation and Green-Total-Factor Productivity in China," Sustainability, MDPI, vol. 13(21), pages 1-27, October.
    23. Wan, Siyu & Lee, Yoong Hon & Sarma, Vengadeshvaran J., 2023. "Is Fintech good for green finance? Empirical evidence from listed banks in China," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 1273-1291.
    24. Peter J. Morgan, 2022. "Assessing the Risks Associated with Green Digital Finance and Policies for Coping with Them," Economics, Law, and Institutions in Asia Pacific, in: Farhad Taghizadeh-Hesary & Suk Hyun (ed.), Green Digital Finance and Sustainable Development Goals, chapter 0, pages 51-68, Springer.
    25. Kahia, Montassar & Moulahi, Tarek & Mahfoudhi, Sami & Boubaker, Sabri & Omri, Anis, 2022. "A machine learning process for examining the linkage among disaggregated energy consumption, economic growth, and environmental degradation," Resources Policy, Elsevier, vol. 79(C).
    26. Huo, Songtao & Ni, Likun & Basheer, Muhammad Farhan & Al-Aiban, Khalid M. & Hassan, Saira Ghulam, 2024. "The role of fintech, mineral resource abundance, green energy and financial inclusion on ecological footprint in E7 countries: New insight from panel nonlinear ARDL cointegration approach," Resources Policy, Elsevier, vol. 94(C).
    27. Krishnendu Saha & Matt Yarnall & Stefania Paladini, 2024. "Sustainable practices in the animal health industry: A stakeholder‐based view," Business Strategy and the Environment, Wiley Blackwell, vol. 33(4), pages 3356-3382, May.
    28. Yiting Zeng & Feng Wang & Jun Wu, 2022. "The Impact of Green Finance on Urban Haze Pollution in China: A Technological Innovation Perspective," Energies, MDPI, vol. 15(3), pages 1-20, January.
    29. Lin, Chia-Yang & Chau, Ka Yin & Tran, Trung Kien & Sadiq, Muhammad & Van, Le & Hien Phan, Thi Thu, 2022. "Development of renewable energy resources by green finance, volatility and risk: Empirical evidence from China," Renewable Energy, Elsevier, vol. 201(P1), pages 821-831.
    30. Huang, Junbing & He, Wanrui & Dong, Xinwei & Wang, Qiuhan & Wu, Jun, 2024. "How does green finance reduce China's carbon emissions by fostering green technology innovation?," Energy, Elsevier, vol. 298(C).
    31. Dong, Xiao & Yu, Mingzhe, 2023. "Does FinTech development facilitate firms' innovation? Evidence from China," International Review of Financial Analysis, Elsevier, vol. 89(C).
    32. Nenavath, Sreenu, 2022. "Impact of fintech and green finance on environmental quality protection in India: By applying the semi-parametric difference-in-differences (SDID)," Renewable Energy, Elsevier, vol. 193(C), pages 913-919.
    33. Ge, Tao & Cai, Xuesen & Song, Xiaowei, 2022. "How does renewable energy technology innovation affect the upgrading of industrial structure? The moderating effect of green finance," Renewable Energy, Elsevier, vol. 197(C), pages 1106-1114.
    34. Yan Dai & Yasir Ahmed Solangi, 2023. "Evaluating and Prioritizing the Green Infrastructure Finance Risks for Sustainable Development in China," Sustainability, MDPI, vol. 15(9), pages 1-18, April.
    35. Mingzhe Yu & Qiang Zhou & Mui Yee Cheok & Jakub Kubiczek & Nadeem Iqbal, 2022. "Does green finance improve energy efficiency? New evidence from developing and developed economies," Economic Change and Restructuring, Springer, vol. 55(1), pages 485-509, February.
    36. Umar, Muhammad & Safi, Adnan, 2023. "Do green finance and innovation matter for environmental protection? A case of OECD economies," Energy Economics, Elsevier, vol. 119(C).
    37. Qin, Lu & Aziz, Ghazala & Hussan, Muhammad Wasim & Qadeer, Afifa & Sarwar, Suleman, 2024. "Empirical evidence of fintech and green environment: Using the green finance as a mediating variable," International Review of Economics & Finance, Elsevier, vol. 89(PA), pages 33-49.
    38. Zhou, Zheng & Chau, Ka Yin & Sibghatullah, Amena & Moslehpour, Massoud & Tien, Nguyen Hoang & Nizomjon Shukurullaevich, Khajimuratov, 2024. "The role of green finance, environmental benefits, fintech development, and natural resource management in advancing sustainability," Resources Policy, Elsevier, vol. 92(C).
    39. Hunjra, Ahmed Imran & Zhao, Shikuan & Goodell, John W. & Liu, Xiaoqian, 2024. "Digital economy policy and corporate low-carbon innovation: Evidence from a quasi-natural experiment in China," Finance Research Letters, Elsevier, vol. 60(C).
    40. Maxwell Chukwudi Udeagha & Nicholas Ngepah, 2022. "Disaggregating the environmental effects of renewable and non-renewable energy consumption in South Africa: fresh evidence from the novel dynamic ARDL simulations approach," Economic Change and Restructuring, Springer, vol. 55(3), pages 1767-1814, August.
    41. Zhe, Dong & Su, Nan & Zhu, Xianglei & Mahmoud, Haitham A. & Akhtar, Tazeem, 2024. "Non-linear relationship between FinTech, natural resources, green innovation and environmental sustainability: Evidence from panel smooth transition regression model," Resources Policy, Elsevier, vol. 91(C).
    42. Jakovac, Catarina C. & Latawiec, Agnieszka Ewa & Lacerda, Eduardo & Leite Lucas, Isabella & Korys, Katarzyna Anna & Iribarrem, Alvaro & Malaguti, Gustavo Abreu & Turner, R. Kerry & Luisetti, Tiziana &, 2020. "Costs and Carbon Benefits of Mangrove Conservation and Restoration: A Global Analysis," Ecological Economics, Elsevier, vol. 176(C).
    43. Zhang, Ling & Berk Saydaliev, Hayot & Ma, Xiaoyu, 2022. "Does green finance investment and technological innovation improve renewable energy efficiency and sustainable development goals," Renewable Energy, Elsevier, vol. 193(C), pages 991-1000.
    44. Zhou, Mingxiang & Li, Xing, 2022. "Influence of green finance and renewable energy resources over the sustainable development goal of clean energy in China," Resources Policy, Elsevier, vol. 78(C).
    45. Chang, Yuan & Wu, Peng, 2024. "Influence of fiscal decentralization, fintech, and mineral resources on green productivity of G5 countries," Resources Policy, Elsevier, vol. 89(C).
    46. Mzoughi, Hela & Amar, Amine Ben & Guesmi, Khaled & Benkraiem, Ramzi, 2024. "Blockchain markets, green finance investments, and environmental impacts," Research in International Business and Finance, Elsevier, vol. 69(C).
    47. Yang, Yuxue & Su, Xiang & Yao, Shuangliang, 2021. "Nexus between green finance, fintech, and high-quality economic development: Empirical evidence from China," Resources Policy, Elsevier, vol. 74(C).
    48. Sun, Xialing & Meng, Zheng & Zhang, Xuchao & Wu, Jiaxi, 2025. "The role of institutional quality in the nexus between green financing and sustainable development," Research in International Business and Finance, Elsevier, vol. 73(PA).
    49. Ma, Mengjuan & Zhu, Xiao & Liu, Meishan & Huang, Xiaodong, 2023. "Combining the role of green finance and environmental sustainability on green economic growth: Evidence from G-20 economies," Renewable Energy, Elsevier, vol. 207(C), pages 128-136.
    50. Mark A. Cohen & Adeline Tubb, 2018. "The Impact of Environmental Regulation on Firm and Country Competitiveness: A Meta-analysis of the Porter Hypothesis," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 5(2), pages 371-399.
    51. Dogan, Eyup & Madaleno, Mara & Taskin, Dilvin & Tzeremes, Panayiotis, 2022. "Investigating the spillovers and connectedness between green finance and renewable energy sources," Renewable Energy, Elsevier, vol. 197(C), pages 709-722.
    52. Haojia Wang & Dandan Zhao & Qiaowei Zhou & Qinhua Ke & Guanglong Dong, 2023. "The Coupling Relationship between Green Finance and Ecosystem Service Demand in China Based on an Improved Coupling Coordination Degree Model," Land, MDPI, vol. 12(3), pages 1-17, February.
    53. Li, Yuchen & Jin, Guangyi & Cui, Zhehao & Lv, Bishun & Xu, Zhejun, 2024. "Does digital inclusive finance promote regional green inclusive growth?," Finance Research Letters, Elsevier, vol. 62(PB).
    54. Dhahri, Sabrine & Omri, Anis & Mirza, Nawazish, 2024. "Information technology and financial development for achieving sustainable development goals," Research in International Business and Finance, Elsevier, vol. 67(PA).
    55. Mui-Yin Chin & Sheue-Li Ong & Daniel Boon-Yann Ooi & Chin-Hong Puah, 2024. "The impact of green finance on environmental degradation in BRI region," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(1), pages 303-318, January.
    56. Qian, Shuitu & Yu, Wenzhe, 2024. "Green finance and environmental, social, and governance performance," International Review of Economics & Finance, Elsevier, vol. 89(PA), pages 1185-1202.
    57. Lapologang, Sebaka & Zhao, Shuliang, 2023. "The impact of environmental policy mechanisms on green innovation performance: the roles of environmental disclosure and political ties," Technology in Society, Elsevier, vol. 75(C).
    58. Lei, Lei & Ozturk, Ilhan & Murshed, Muntasir & Abrorov, Sirojiddin & Alvarado, Rafael & Mahmood, Haider, 2023. "Environmental innovations, energy innovations, governance, and environmental sustainability: Evidence from South and Southeast Asian countries," Resources Policy, Elsevier, vol. 82(C).
    59. Omri, Anis & Ben Jabeur, Sami, 2024. "Climate policies and legislation for renewable energy transition: The roles of financial sector and political institutions," Technological Forecasting and Social Change, Elsevier, vol. 203(C).
    60. Liu, Baoliu & Cifuentes-Faura, Javier & Ding, Chante Jian & Liu, Xiaoqian, 2023. "Toward carbon neutrality: How will environmental regulatory policies affect corporate green innovation?," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 1006-1020.
    61. Slimani, Sana & Omri, Anis & Abbassi, Abdessalem, 2024. "International capital flows and sustainable development goals: The role of governance and ICT diffusion," Socio-Economic Planning Sciences, Elsevier, vol. 93(C).
    62. Yao, Shouyu & Pan, Yuying & Sensoy, Ahmet & Uddin, Gazi Salah & Cheng, Feiyang, 2021. "Green credit policy and firm performance: What we learn from China," Energy Economics, Elsevier, vol. 101(C).
    63. Lagoarde-Segot, Thomas, 2019. "Sustainable finance. A critical realist perspective," Research in International Business and Finance, Elsevier, vol. 47(C), pages 1-9.
    64. Faizul Haque & Collins G Ntim, 2018. "Environmental Policy, Sustainable Development, Governance Mechanisms and Environmental Performance," Business Strategy and the Environment, Wiley Blackwell, vol. 27(3), pages 415-435, March.
    65. Cristina Chueca Vergara & Luis Ferruz Agudo, 2021. "Fintech and Sustainability: Do They Affect Each Other?," Sustainability, MDPI, vol. 13(13), pages 1-19, June.
    66. Li, Menghan & Hamawandy, Nawzad Majeed & Wahid, Fazle & Rjoub, Husam & Bao, Zongke, 2021. "Renewable energy resources investment and green finance: Evidence from China," Resources Policy, Elsevier, vol. 74(C).
    67. Tang, Xinmeng & Zhou, Xiaoguang, 2023. "Impact of green finance on renewable energy development: A spatiotemporal consistency perspective," Renewable Energy, Elsevier, vol. 204(C), pages 320-337.
    68. Goodell, John W. & Gurdgiev, Constantin & Karim, Sitara & Palma, Alessia, 2024. "Carbon emissions and liquidity management," International Review of Financial Analysis, Elsevier, vol. 95(PA).
    69. Yuan, Xiao & Zhang, Jinlong & Shi, Jing & Wang, Jiachen, 2024. "What can green finance do for high-quality agricultural development? Fresh insights from China," Socio-Economic Planning Sciences, Elsevier, vol. 94(C).
    70. Zhou, Bo & Wang, Qunwei, 2024. "FinTech matters in sustainable finance: Does it redistribute the supply of financial services?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 91(C).
    71. Tifang Ye & Xiuli Xiang & Xiangyu Ge & Keling Yang, 2022. "Research on Green Finance and Green Development Based Eco-Efficiency and Spatial Econometric Analysis," Sustainability, MDPI, vol. 14(5), pages 1-29, February.
    72. Hossain, Mohammad Razib & Rao, Amar & Sharma, Gagan Deep & Dev, Dhairya & Kharbanda, Aeshna, 2024. "Empowering energy transition: Green innovation, digital finance, and the path to sustainable prosperity through green finance initiatives," Energy Economics, Elsevier, vol. 136(C).
    73. Guosong Wu, 2023. "Research on the spatial impact and coupling coordination of green finance on the ecological development of China’s economy," Economic Change and Restructuring, Springer, vol. 56(5), pages 3353-3381, October.
    74. Alfalih, Abdulaziz Abdulmohsen & Hadj, Tarek Bel, 2024. "Ecological impact assessment of green technological innovation under different thresholds of human capital in G20 countries," Technological Forecasting and Social Change, Elsevier, vol. 201(C).
    75. Zhang, Dan & Zheng, Mingbo & Feng, Gen-Fu & Chang, Chun-Ping, 2022. "Does an environmental policy bring to green innovation in renewable energy?," Renewable Energy, Elsevier, vol. 195(C), pages 1113-1124.
    76. Jinyu Chen & Dandan Zhu & Shijie Ding & Jingxiao Qu, 2024. "Government environmental concerns and corporate green innovation: Evidence from heavy‐polluting enterprises in China," Business Strategy and the Environment, Wiley Blackwell, vol. 33(3), pages 1920-1936, March.
    77. Andrew Adewale Alola & Nihat Doganalp & Hephzibah Onyeje Obekpa, 2023. "The influence of renewable energy and economic freedom aspects on ecological sustainability in the G7 countries," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(2), pages 716-727, April.
    78. Bai, Rui & Lin, Boqiang, 2024. "Green finance and green innovation: Theoretical analysis based on game theory and empirical evidence from China," International Review of Economics & Finance, Elsevier, vol. 89(PA), pages 760-774.
    79. Yalin Mo & Dinghai Sun & Yu Zhang, 2023. "Green Finance Assists Agricultural Sustainable Development: Evidence from China," Sustainability, MDPI, vol. 15(3), pages 1-15, January.
    80. Wang, Quan-Jing & Wang, Hai-Jie & Chang, Chun-Ping, 2022. "Environmental performance, green finance and green innovation: What's the long-run relationships among variables?," Energy Economics, Elsevier, vol. 110(C).
    81. Tong Zhao & Haihua Zhou & Jinde Jiang & Wenyan Yan, 2022. "Impact of Green Finance and Environmental Regulations on the Green Innovation Efficiency in China," Sustainability, MDPI, vol. 14(6), pages 1-17, March.
    82. Zhuang, Tianjing, 2024. "Appraising sustainability and economic growth through Fintech, green finance and natural resource in Asian economies: A CS-ARDL study," Resources Policy, Elsevier, vol. 97(C).
    83. Xu, Si & Zhang, You & Chen, Lan & Leong, Lin Woon & Muda, Iskandar & Ali, Anis, 2023. "How Fintech and effective governance derive the greener energy transition: Evidence from panel-corrected standard errors approach," Energy Economics, Elsevier, vol. 125(C).
    84. Bashir, Muhammad Farhan & Pan, Yanchun & Shahbaz, Muhammad & Ghosh, Sudeshna, 2023. "How energy transition and environmental innovation ensure environmental sustainability? Contextual evidence from Top-10 manufacturing countries," Renewable Energy, Elsevier, vol. 204(C), pages 697-709.
    85. Veugelers, Reinhilde, 2012. "Which policy instruments to induce clean innovating?," Research Policy, Elsevier, vol. 41(10), pages 1770-1778.
    86. Pasquale Marcello Falcone, 2020. "Environmental regulation and green investments: the role of green finance," International Journal of Green Economics, Inderscience Enterprises Ltd, vol. 14(2), pages 159-173.
    87. Zeng, Li & Wong, Wing-Keung & Fu, Hu & Mahmoud, Haitham A. & Cong, Phan The & Thuy, Dinh Thi Thanh & Bach, Pham Xuan, 2024. "FinTech and sustainable financing for low carbon energy transitions: A biodiversity and natural resource perspective in BRICS economies," Resources Policy, Elsevier, vol. 88(C).
    88. Arshian Sharif & Najia Saqib & Kangyin Dong & Syed Abdul Rehman Khan, 2022. "Nexus between green technology innovation, green financing, and CO2 emissions in the G7 countries: The moderating role of social globalisation," Sustainable Development, John Wiley & Sons, Ltd., vol. 30(6), pages 1934-1946, December.
    89. Alharbi, Samar S. & Al Mamun, Md & Boubaker, Sabri & Rizvi, Syed Kumail Abbas, 2023. "Green finance and renewable energy: A worldwide evidence," Energy Economics, Elsevier, vol. 118(C).
    90. Alola, Andrew Adewale & Rahko, Jaana, 2024. "The effects of environmental innovations and international technology spillovers on industrial and energy sector emissions – Evidence from small open economies," Technological Forecasting and Social Change, Elsevier, vol. 198(C).
    91. Hua, Mingzhong & Li, Zhe & Zhang, Yudong & Wei, Xiaobei, 2024. "Does green finance promote green transformation of the real economy?," Research in International Business and Finance, Elsevier, vol. 67(PB).
    92. Karim, Sitara & Naz, Farah & Naeem, Muhammad Abubakr & Vigne, Samuel A., 2022. "Is FinTech providing effective solutions to Small and Medium Enterprises (SMEs) in ASEAN countries?," Economic Analysis and Policy, Elsevier, vol. 75(C), pages 335-344.
    93. Ul-Durar, Shajara & Bakkar, Yassine & Arshed, Noman & Naveed, Shabana & Zhang, Beifan, 2025. "FinTech and economic readiness: Institutional navigation amid climate risks," Research in International Business and Finance, Elsevier, vol. 73(PA).
    94. Qi Cui & Xiaoyu Ma & Sisi Zhang, 2023. "Does green finance drive low-carbon economic development? Evidence from China," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 36(3), pages 2183421-218, December.
    95. Zhai, Xueqi & An, Yunfei, 2021. "The relationship between technological innovation and green transformation efficiency in China: An empirical analysis using spatial panel data," Technology in Society, Elsevier, vol. 64(C).
    96. Anis Omri & Sabri Boubaker, 2024. "When do climate change legislation and clean energy policies matter for net-zero emissions?," Post-Print hal-04648690, HAL.
    97. Feng, Shanshan & Li, Jianfeng & Nawi, Hafizah Mat & Alhamdi, Fuad Mohammed & Shamansurova, Zilola, 2024. "Assessing the nexus between fintech, natural resources, government effectiveness, and environmental pollution in China: A QARDL study," Resources Policy, Elsevier, vol. 88(C).
    98. Ren, Yi-Shuai & Ma, Chao-Qun & Chen, Xun-Qi & Lei, Yu-Tian & Wang, Yi-Ran, 2023. "Sustainable finance and blockchain: A systematic review and research agenda," Research in International Business and Finance, Elsevier, vol. 64(C).
    99. Manigandan, Palanisamy & Alam, Md Shabbir & Murshed, Muntasir & Ozturk, Ilhan & Altuntas, Sumeyya & Alam, Mohammad Mahtab, 2024. "Promoting sustainable economic growth through natural resources management, green innovations, environmental policy deployment, and financial development: Fresh evidence from India," Resources Policy, Elsevier, vol. 90(C).
    100. Xuanyan Le & Xuhui Ding & Jize Zhang & Li Zhao, 2024. "Has Green Finance Enhanced the Ecological Resilience Level in the Yangtze River Economic Belt?," Sustainability, MDPI, vol. 16(7), pages 1-19, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lin, Tao & Zhang, Ling & Li, Jianglong, 2024. "Coupling and coordinated development of green finance and renewable energy industry in China: Spatiotemporal differentiation and driving factors," Renewable Energy, Elsevier, vol. 235(C).
    2. Maxwell Chukwudi Udeagha & Edwin Muchapondwa, 2023. "Striving for the United Nations (UN) sustainable development goals (SDGs) in BRICS economies: The role of green finance, fintech, and natural resource rent," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(5), pages 3657-3672, October.
    3. Lee, Chien-Chiang & Yuan, Zihao & Kang, Yongchao, 2024. "Green finance and land ecological security: A potential mechanism for sustainable development," Economic Analysis and Policy, Elsevier, vol. 84(C), pages 1222-1241.
    4. Li, Songran & Shao, Qinglong, 2022. "Greening the finance for climate mitigation: An ARDL–ECM approach," Renewable Energy, Elsevier, vol. 199(C), pages 1469-1481.
    5. 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).
    6. Tiwari, Sunil & Cheong, Calvin W.H. & See Mey, Loy & Saji, T.G., 2024. "Does fintech really matter for energy, economy and environment? From the lenses of SDG-7, SDG-8, SDG-13, COP27 and COP28," Resources Policy, Elsevier, vol. 98(C).
    7. Lee, Chien-Chiang & Li, Jiangnan & Wang, Fuhao, 2024. "The role of green finance in the construction of new energy system: Evidence from China," Energy Economics, Elsevier, vol. 139(C).
    8. Sadiq, Muhammad & Paramaiah, Ch & joseph, Robinson & Dong, Ziguang & Nawaz, Muhammad Atif & Shukurullaevich, Nizomjon Khajimuratov, 2024. "Role of fintech, green finance, and natural resource rents in sustainable climate change in China. Mediating role of environmental regulations and government interventions in the pre-post COVID eras," Resources Policy, Elsevier, vol. 88(C).
    9. Liu, Fangying & Su, Chi Wei & Tao, Ran & Qin, Meng & Umar, Muhammad, 2024. "Fintech and aluminium: Strategic enablers of climate change mitigation and sustainable mineral policy," Resources Policy, Elsevier, vol. 91(C).
    10. Mingbo Zheng & Gen-Fu Feng & Chun-Ping Chang, 2023. "Is green finance capable of promoting renewable energy technology? Empirical investigation for 64 economies worldwide," Oeconomia Copernicana, Institute of Economic Research, vol. 14(2), pages 483-510, June.
    11. Lee, Chien-Chiang & Xuan, Chengnan & Wang, Fuhao & Wang, Keying, 2024. "Path analysis of green finance on energy transition under climate change," Energy Economics, Elsevier, vol. 139(C).
    12. Lee, Chi-Chuan & Song, Hepeng & Lee, Chien-Chiang, 2023. "Assessing the effect of green finance on energy inequality in China via household-level analysis," Energy Economics, Elsevier, vol. 128(C).
    13. Zhou, Fangkezi & Pan, Yinghao & Wu, Jie & Xu, Chengzhen & Li, Xingchen, 2024. "The impact of green finance on renewable energy development efficiency in the context of energy security: Evidence from China," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 803-816.
    14. Siti Nurain Muhmad & Sadia Cheema & Akmalia Mohamad Ariff & Nik Fadhilah Nik Him & Siti Nasuha Muhmad, 2024. "Systematic literature review and bibliometric analysis of green finance and renewable energy development," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(6), pages 7342-7355, December.
    15. Zhao, Qian & Qin, Chuan & Ding, Longfei & Cheng, Ying-Yue & Vătavu, Sorana, 2023. "Can green bond improve the investment efficiency of renewable energy?," Energy Economics, Elsevier, vol. 127(PB).
    16. Zhang, Hui & Fahlevi, Mochammad & Aljuaid, Mohammed & Beşer, Nazife Özge & Cabas, Meral & lominchar, Jose, 2024. "A machine learning and quantile analysis of FINTECH and resource efficiency in achieving sustainable development in OECD countries," Resources Policy, Elsevier, vol. 92(C).
    17. Hu, Haichuan & Jia, Zhenting & Yang, Siyao, 2025. "Exploring FinTech, green finance, and ESG performance across corporate life-cycles," International Review of Financial Analysis, Elsevier, vol. 97(C).
    18. Deng, Yumiao & Fang, Mengmeng & Ma, Sichao & Wang, Fanzhi & Wu, Wanting, 2025. "The impact of bank FinTech on green credit allocation: Evidence from China," Finance Research Letters, Elsevier, vol. 71(C).
    19. Wang, Xiong & Hong, Keyi & Ren, Xiaohang & Taghizadeh-Hesary, Farhad, 2024. "Can green finance act as a catalyst to renewable energy deployment? Evidence from China using a spatial econometric approach," Energy, Elsevier, vol. 311(C).
    20. Xue, Yan & Hu, Dongmei & Irfan, Muhammad & Wu, Haitao & Hao, Yu, 2023. "Natural resources policy making through finance? The role of green finance on energy resources poverty," Resources Policy, Elsevier, vol. 85(PA).

    More about this item

    Keywords

    FinTech; Environmental innovation; Green Finance; environmental policy; environmental sustainability; Sustainable finance;
    All these keywords.

    JEL classification:

    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth

    Statistics

    Access and download statistics

    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:riibaf:v:74:y:2025:i:c:s0275531924004847. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.elsevier.com/locate/ribaf .

    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.