The Impact of Green Finance, FinTech and Digital Economy on Environmental Sustainability: Evidence from Advanced Panel Techniques

Authors

  • Abdulhadi Ibrahim Business Faculty, A’sharqiyah University, Ibra, Oman
  • Nashat Ali Almasria Business Faculty, A’sharqiyah University, Ibra, Oman
  • Faozi A. Almaqtari Business Faculty, A’sharqiyah University, Ibra, Oman
  • Omar Al-Kasasbeh Faculty of Business, Amman Arab University, Amman, Jordan
  • Zaidoon Alhatabat Faculty of Business, Arab Open University, Amman, Jordan
  • Diala Ershaid Faculty of Business, Arab Open University, Amman, Jordan

DOI:

https://doi.org/10.32479/ijeep.17180

Keywords:

Digital Economy, FinTech, Environmental Sustainability, Middle East

Abstract

Improving environmental sustainability is a crucial priority for economies to further global progress. The United Nations General Assembly has proposed enhancing environmental sustainability by adopting the SDG-7 recommendations. This study investigates the effect of green finance, fintech and digital economy on environmental sustainability utilizing panel data between 2013 and 2023 in Middle Eastern countries: Saudi Arabia, Turkey, Kuwait, United Arab Emirates and Qatar. For the analysis, panel unit root test, panel cointegration test and Pairwise Dumitrescu-Hurlin panel Causality tests were done. Our empirical results show that cointegration is among the variables that were analyzed. Green finance, digital economy, and FinTech are closely interrelated. The outcomes may provide helpful knowledge regarding the development of environmental sustainability. Policymakers are recommended to formulate feasible and energy system-compatible policies to provide green funding to the energy systems of Middle Eastern countries with maximum convenience.

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Published

2024-11-01

How to Cite

Ibrahim, A., Almasria, N. A., Almaqtari, F. A., Al-Kasasbeh, O., Alhatabat, Z., & Ershaid, D. (2024). The Impact of Green Finance, FinTech and Digital Economy on Environmental Sustainability: Evidence from Advanced Panel Techniques. International Journal of Energy Economics and Policy, 14(6), 621–627. https://doi.org/10.32479/ijeep.17180

Issue

Vol. 14 No. 6 (2024)

Section

Articles

License

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