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Effect of FinTech and Energy Consumption in G-20 Countries: Evidence From Carbon Emission, Ecological Footprint, and Load Capacity Factor

Year: 2025

Type: article

Abstract: This study investigates the interplay between FinTech, energy consumption, and environmental sustainability among G-20 countries from 2005 to 2022 using a Panel-VAR approach. The findings reveal that FinTech has a notable positive influence on environmental outcomes, non-fossil fuel energy use, and economic growth, while its impact on fossil fuel consumption is negative. Additionally, increased fossil fuel usage contributes to higher carbon emissions, whereas greater adoption of non-fossil fuel energy helps reduce emissions. Changes in the ecological footprint and load capacity factor are comparatively less pronounced. The research highlights the potential of FinTech platforms to foster green practices and support the adoption of cleaner technologies, suggesting that digital innovation can play a key role in advancing environmental sustainability within major economies.

Source: Energy RESEARCH LETTERS

DOI: 10.46557/001c.146305

Authors: Harshita Jangid, Debi Prasad Bal, Navuluru Venkata Muralidhar Rao

Institutions: Birla Institute of Technology and Science, Pilani, Xavier School of Management

Language: English

Topic: Energy, Environment, Economic Growth

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Climate action, Industry, innovation and infrastructure, Responsible consumption and production, Affordable and clean energy, Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W7116652391