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In today’s scenario, a pressing need to shift towards green growth has gained prominence in global markets and policy discourse. In this regard, the extraction of natural resources and the interaction of financial technology (fintech) and artificial intelligence have become essential factors in determining the course of green growth. Also, the growing urban population and capital formation are analyzed as influential factors in this dynamic that can fuel or hinder progress toward green growth. Therefore, this study examines the role of fintech and natural resource rents in achieving green growth. Further, this research examines the effects of urbanization and gross fixed capital formation on green growth. In an increasingly complex economic and environmental world, our research aims to offer crucial insights into the policy interventions necessary to promote sustainable development by examining these relationships. The study period ranges from 2005 to 2022 for G-20 economies and uses panel autoregressive distributed lag (P-ARDL) model for result findings and analysis. From the results, it was concluded that (i) fintech has a positive and significant impact on achieving green growth; (ii) natural resource rents and urbanization have a significantly negative impact on green growth, depicting that these two determinants hamper the goal of achieving green growth in an economy; (iii) lastly, gross fixed capital formation also harms green growth. However, this negative impact is not significant. While the negative impact is insignificant, policies should steer gross fixed capital formation toward green activities to ensure alignment with sustainable development goals. Clean technologies, green infrastructure, and renewable energy incentives may help offset any possible drawbacks. The findings aim to provide valuable insights into policy interventions and strategies that can align economic development with sustainable environmental practices and explore the integration of fintech and Artificial Intelligence (AI) in G-20 countries, fostering fintech expansion and green growth.

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Navigating the Path Towards Green Growth: Integrating AI and Fintech from the Perspective of G-20 Economies

  • 章节

  • 发表日期：

    2026年

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  • Harshita Jangid,
  • Debi Prasad Bal,
  • Navuluru Venkata Muralidhar Rao,
  • Sunita Choudhary,
  • Baldev Singh

摘要

In today’s scenario, a pressing need to shift towards green growth has gained prominence in global markets and policy discourse. In this regard, the extraction of natural resources and the interaction of financial technology (fintech) and artificial intelligence have become essential factors in determining the course of green growth. Also, the growing urban population and capital formation are analyzed as influential factors in this dynamic that can fuel or hinder progress toward green growth. Therefore, this study examines the role of fintech and natural resource rents in achieving green growth. Further, this research examines the effects of urbanization and gross fixed capital formation on green growth. In an increasingly complex economic and environmental world, our research aims to offer crucial insights into the policy interventions necessary to promote sustainable development by examining these relationships. The study period ranges from 2005 to 2022 for G-20 economies and uses panel autoregressive distributed lag (P-ARDL) model for result findings and analysis. From the results, it was concluded that (i) fintech has a positive and significant impact on achieving green growth; (ii) natural resource rents and urbanization have a significantly negative impact on green growth, depicting that these two determinants hamper the goal of achieving green growth in an economy; (iii) lastly, gross fixed capital formation also harms green growth. However, this negative impact is not significant. While the negative impact is insignificant, policies should steer gross fixed capital formation toward green activities to ensure alignment with sustainable development goals. Clean technologies, green infrastructure, and renewable energy incentives may help offset any possible drawbacks. The findings aim to provide valuable insights into policy interventions and strategies that can align economic development with sustainable environmental practices and explore the integration of fintech and Artificial Intelligence (AI) in G-20 countries, fostering fintech expansion and green growth.