Environmental Sustainability and Sustainable Development
Insights From FinTech , Green Finance, and Natural Resource Dynamics in Emerging Economies
Bibliographic Data
| ID | 12306403 |
|---|---|
| Authors | Mengyu Liang (0000-0003-3877-8056, School of Marxism Shanxi University Taiyuan China), E Wanda George (0009-0005-2548-5264, Applied Economics, College of Business Lehigh University West bethlehem Pennsylvania USA, corresponding author) |
| Year | 2025 |
| Volume | 34 |
| Issue | 3 |
| Pages | 3142-3156 |
| Publication date | 2025-12-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Sustainable Development (JOURNAL) |
| Journal identifiers | ISSN: 0968-0802 • E-ISSN: 1099-1719 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1002/sd.70512 |
| OpenAlex | W4416894185 |
| Language | EN |
| Citations received | 1 |
| References cited | 47 |
The accelerating pace of environmental degradation and resource depletion poses a major challenge to sustainable development, particularly in BRICS economies. This study examines how natural resource rents (NRR), financial technology (FT), and green finance (GF) affect environmental sustainability (ES) across Brazil, Russia, India, China, and South Africa from 1990 to 2023. To capture both short‐ and long‐run dynamics under cross‐sectional dependence and heterogeneity, the Cross‐Sectionally Augmented Autoregressive Distributed Lag (CS‐ARDL) model is employed, with the Augmented Mean Group (AMG) estimator used for robustness. The results show that a 1% increase in NRR raises CO 2 emissions by about 0.21%, whereas FT and green finance reduce emissions by 0.16% and 0.12%, respectively. These findings indicate that FT improves environmental outcomes by promoting digital financial inclusion and capital‐allocation efficiency, while green finance strengthens sustainability through greater renewable‐energy investment. The combined integration of FT and green‐finance mechanisms can therefore accelerate the low‐carbon transition in BRICS economies. Policy actions such as FT‐enabled carbon pricing systems, digital green‐credit programs, and the expansion of green‐bond markets are essential to channel capital toward cleaner sectors and achieve long‐term sustainability targets
Economic rent · Emerging markets · Environmental degradation · Greenhouse gas · Natural capital · Natural resource · Resource (disambiguation · Resource depletion · Sustainability · Sustainable development · Economic Growth and Development · Energy, Environment, Economic Growth · Sustainable Finance and Green Bonds
Digital economy and carbon emission performance
How does digital economy affect carbon emissions? Evidence from global 60 countries
Estimating Panel Time-Series Models with Heterogeneous Slopes
Common correlated effects estimation of heterogeneous dynamic panel data models with weakly exogenous regressors
Economic growth, natural resources, and ecological footprints
The impact of economic structure to the environmental Kuznets curve (EKC) hypothesis
The moderating role of renewable and non-renewable energy in environment-income nexus for Asean countries
General Diagnostic Tests for Cross Section Dependence in Panels
A simple panel unit root test in the presence of cross‐section dependence
Technological changes, financial development and ecological consequences
Influence mechanism between green finance and green innovation
The globalization indicators-tourism development nexus
Striving for the United Nations ( UN ) sustainable development goals ( SDGs ) in BRICS economies
Can rapid urbanization be sustainable? The case of Saudi Arabian cities
| Unique citing works | 1 |
|---|---|
| Citations per year | 1 |
| Citation span | 2026 - 2026 (1) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 1 |