Digital financial development and ecological footprint: Evidence from green-biased technology innovation and environmental inclusion

Feng, Suling; Chong, Yu; Yu, Hongjuan; Ye, Xixi; Li, Guoxiang

doi:10.1016/j.jclepro.2022.135069

Cited by 69 publications

(17 citation statements)

References 78 publications

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“…Additionally, there is a significant need for the government to create more stringent regulatory regulations to safeguard and advance ecological responsibility (Yang et al 2022a , b ; Xin et al 2022 ). Therefore, advancements in renewable energy technology and strict environmental protections are critical to reducing emissions and easing the effects of carbon pressure (Feng et al 2022 ). Based on this, the current study takes sustainable power digital finance and environmental laws as its research topic to get more people thinking about and learning about these topics, as well as to get a handle on the systemic issue of CO 2 emission reduction pressure relief and to understand how all three of these factors communicate with one another (Lin et al 2022 ).…”

Section: Introductionmentioning

confidence: 99%

RETRACTED ARTICLE: Evaluating the trilemma nexus of digital finance, renewable energy consumption, and CO2 emission: evidence from nonlinear ARDL model

Tian-yu

2023

Environ Sci Pollut Res

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It has been established in 2030 sustainability objectives as per SDGs that highlight the critical importance of access to affordable, renewable energy, robust, long-term industrial progress, and digital financing in CO 2 emission. The intent of study is to test the trilemma nexus between digital finance, renewable energy consumption, and carbon emission reduction with nonlinear ARDL tests. The study acquired the data and applied the nonlinear ARDL test, split analysis tests, and vector-error correction model (VECM) tests. The results of the study highlighted that the increase of digital finance positively enhances the renewable energy and negatively reduces the CO 2 emissions which we calculate to be 11.4% of the digital finance funding on renewable energy goods. For this, a 39% increase in digital financing is noticed by the research findings during the COVID-19 crisis period. Such robust study findings present the latest insights that digital financing is an eminent and viable source of financing for the trilemma nexus with renewable energy consumption and the CO 2 emissions. Following these, multiple research implications are also presented for the key stakeholders.

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Section: Introductionmentioning

confidence: 99%

RETRACTED ARTICLE: Evaluating the trilemma nexus of digital finance, renewable energy consumption, and CO2 emission: evidence from nonlinear ARDL model

Tian-yu

2023

Environ Sci Pollut Res

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“…Although this new reality during and post pandemic has posed a great challenge to Islamic banks and financial institutions alike, many Islamic banks have realized the im-portance of embracing Islamic financial technology and have designed their development plans to include innovative banking solutions that meet the changing needs of their customers (Naim, 2020;Yudaruddin et al, 2023). The review highlights the importance of qualified human resources, a favorable regulatory environment, and innovative business models in the effective use of Islamic financial technology (Feng et al, 2022). The study concludes that Islamic financial technology provides easier and less costly access to Islamic financial services, keeping pace with the aspirations of the new generation and achieving financial inclusion to alleviate poverty and establish social justice (Hassan et al, 2021;Wang et al, 2021).…”

Section: Literature Reviewmentioning

confidence: 99%

Fintech innovations and Islamic banking performance: Post-pandemic challenges and opportunities

Aziz Abdul Rahman,

Ur Rahiman,

Meero

et al. 2023

Banks and Bank Systems

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This study explores the pivotal role of financial technology (FinTech) in the performance of Islamic banks and financial institutions, considering both challenges and opportunities encountered during the pandemic-induced market disruptions. Amid lockdowns and economic uncertainties, the study delves into the strategies adopted by several countries, with a particular emphasis on Gulf Cooperation Council (GCC) countries, along with Jordan, Indonesia, Malaysia, and Pakistan, underscoring the importance of technological innovation in fostering a dynamic Islamic finance sector. Utilizing a data analysis approach, the study assesses the impact of heightened digitalization and the integration of FinTech on the resilience of the Islamic finance industry within an inherently volatile environment, marked by challenges during pre and post pandemics. The findings reveal that the adoption of FinTech fortifies the industry’s resilience and unveils novel growth prospects. However, the study also identifies potential avenues for expansion, particularly in Sukuk issuance, through the implementation of regulatory guidelines and faster adoption. The research underscores the transformative influence of financial technology reforms on the growth trajectory of Islamic banks. In light of the superior performance of Islamic banking in selected domains, this study advocates for a paradigm shift within the industry, encouraging the robust development of FinTech solutions to enhance its global market presence. AcknowledgmentThe authors would like to acknowledge that this research work was partially financed by Kingdom University, Bahrain from the research grant number: 2023 - 10 - 012.

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“…GTECH declines the EFP by promoting sustainability and reducing the impact of human activities on the environment (Feng, Chong, Yu, Ye, & Li, 2022). These innovations include renewable energy sources, efficient transportation systems, sustainable building practices, and environmentally friendly products.…”

Section: Figure 1: World Ecological Footprint Trendmentioning

confidence: 99%

The Long-Run Dynamics of Green Technology, Ecological Footprint, and Health Vulnerability in Developed and Developing Countries

2023

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Human activities have contributed to environmental degradation for decades, and ecological footprint is considered an effective tool for measuring natural resource consumption. The present study explores the moderating role of green technology to determine the impact of the ecological footprint on the health vulnerability of developed and developing countries from 1990 to 2020. The long-run results are estimated by using the Panel Quantile Regression model at lower, middle, and higher health vulnerability groups. The empirical results show a U-shaped relationship exists between ecological footprint and health vulnerability in all groups. The green technology is used as the moderator term, which shifts the turning point of the U-shaped curve at higher quantile groups of developed countries and middle quantile groups at middle quantiles. Which shows that green technology moderates health vulnerability by reducing the ecological footprint. Furthermore, this study shows that most developing countries fall in the lower health vulnerability group while most developed countries fall in the middle health vulnerability group. This study recommends that these selected countries' governments increase green technologies, reducing the ecological footprint and improving the health sector.

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Digital financial development and ecological footprint: Evidence from green-biased technology innovation and environmental inclusion

Cited by 69 publications

References 78 publications

RETRACTED ARTICLE: Evaluating the trilemma nexus of digital finance, renewable energy consumption, and CO2 emission: evidence from nonlinear ARDL model

RETRACTED ARTICLE: Evaluating the trilemma nexus of digital finance, renewable energy consumption, and CO2 emission: evidence from nonlinear ARDL model

Fintech innovations and Islamic banking performance: Post-pandemic challenges and opportunities

The Long-Run Dynamics of Green Technology, Ecological Footprint, and Health Vulnerability in Developed and Developing Countries

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