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<p>Comprehending the intricate link between natural resource abundance and socioeconomic growth continues to provide an important barrier for legislators and scholars. “Curse of the natural resource” highlights the difference in economic development between countries with abundant resources and those with poor resources. Fintech, on the other hand, is revolutionizing the financial sector and creating the framework for long-term prosperity in the G5 (Group of five) countries. This ongoing inquiry looks into the issue of whether an abundance of natural resources may sustain economic growth. This study, therefore, focuses on the dynamics of environmental degradation (ED) in the G5 nations from 1990 to 2020, with a focus on the effects of digitization (DT), sustainable energy consumption (SEC), fintech (FT), environmental patents (EP), and resource consumption (RC). The impact of these factors on ED at different quantiles within the distribution was assessed by the study using quantile regression analysis. The findings highlight the need for sustainable resource management and green supply chain management&#xa0;techniques by showing how RC positively impacts ED across all quantiles. A balance between digital innovation and carbon footprint is required, as evidenced by the substantial positive association found between digitization (DT) and ED, especially at higher emission levels. The negative association between FT and ED at lower quantiles suggests that fintech has the potential to lower emissions by improving the efficiency of financial transactions. The substantial link between larger ED and EP at all higher quantiles indicates that adopting EP comes with a cost in carbon. These countries’ substantial reductions in carbon footprints across all quantiles are a result of their green energy use. The proposed measures include supporting the adoption of environment-related technologies and energy with strict regulations, minimizing the consumption of natural resources through more stringent legislation, and fostering sustainable digitization and ecologically environmentally friendly practices.</p>

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Leveraging digitization, fintech, and environmental patents for a sustainable future: advancing carbon reduction strategies in G5 nations

  • 期刊论文

  • 发表日期：

    2025年7月6日

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  • Xiaolu Wu,
  • Runguo Xu

摘要

Comprehending the intricate link between natural resource abundance and socioeconomic growth continues to provide an important barrier for legislators and scholars. “Curse of the natural resource” highlights the difference in economic development between countries with abundant resources and those with poor resources. Fintech, on the other hand, is revolutionizing the financial sector and creating the framework for long-term prosperity in the G5 (Group of five) countries. This ongoing inquiry looks into the issue of whether an abundance of natural resources may sustain economic growth. This study, therefore, focuses on the dynamics of environmental degradation (ED) in the G5 nations from 1990 to 2020, with a focus on the effects of digitization (DT), sustainable energy consumption (SEC), fintech (FT), environmental patents (EP), and resource consumption (RC). The impact of these factors on ED at different quantiles within the distribution was assessed by the study using quantile regression analysis. The findings highlight the need for sustainable resource management and green supply chain management techniques by showing how RC positively impacts ED across all quantiles. A balance between digital innovation and carbon footprint is required, as evidenced by the substantial positive association found between digitization (DT) and ED, especially at higher emission levels. The negative association between FT and ED at lower quantiles suggests that fintech has the potential to lower emissions by improving the efficiency of financial transactions. The substantial link between larger ED and EP at all higher quantiles indicates that adopting EP comes with a cost in carbon. These countries’ substantial reductions in carbon footprints across all quantiles are a result of their green energy use. The proposed measures include supporting the adoption of environment-related technologies and energy with strict regulations, minimizing the consumption of natural resources through more stringent legislation, and fostering sustainable digitization and ecologically environmentally friendly practices.