Skip to main content

ORIGINAL RESEARCH article

Front. Environ. Sci.
Sec. Environmental Economics and Management
Volume 12 - 2024 | doi: 10.3389/fenvs.2024.1509564
This article is part of the Research Topic Financial Blueprint: Paving the Way for SDG Success View all 3 articles

Advancing Economic Sustainability in E7 Economies: The Impact of Green Finance, Environmental Benefits, and Natural Resource Management

Provisionally accepted
Suqing Fan Suqing Fan 1Yanqi Zhou Yanqi Zhou 2*
  • 1 Nanjing University of Finance and Economics, Nanjing, Jiangsu Province, China
  • 2 Ningbo City College of Vocational Technology, Ningbo, China

The final, formatted version of the article will be published soon.

    Green finance (GFN) plays a critical role in reducing greenhouse gas emissions and air pollution, serving as a key financial mechanism to promote green growth and economic sustainability (ESS). This paper explores how GFN, along with fintech (FNT), environmental benefits (ENB), urbanization (URB), and natural resource management (NRM), influences ESS in E7 countries from 2000 to 2022. While fintech's rapid technological advancements offer significant economic potential, they also introduce increased complexity and systemic risks.Using rigorous methods such as method of moments quantile regression (MMQR) and Westerlund analysis, this study validates the relationships and heterogeneity among these variables through preliminary tests, including matrix correlation, cross-sectional dependence (CSD), slope heterogeneity (SH), and CIPS unit root tests. The findings indicate that GFN, ENB, and FNT positively contribute to ESS, while URB and NRM have an inverse relationship with ESS. These insights not only deepen our understanding of how ecological factors influence economic sustainability but also provide practical policy recommendations for E7 countries. The study's conclusions offer valuable guidance for optimizing ESS and advancing toward sustainable development goals (SDGs).

    Keywords: green finance, Environmental benefits, Natural resource, MMQR, sustainability

    Received: 11 Oct 2024; Accepted: 12 Dec 2024.

    Copyright: © 2024 Fan and Zhou. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.

    * Correspondence: Yanqi Zhou, Ningbo City College of Vocational Technology, Ningbo, China

    Disclaimer: All claims expressed in this article are solely those of the authors and do not necessarily represent those of their affiliated organizations, or those of the publisher, the editors and the reviewers. Any product that may be evaluated in this article or claim that may be made by its manufacturer is not guaranteed or endorsed by the publisher.