Fintech, ICT and Natural Resource Rent Contribution in Achieving Sustainable Green Growth Across the Globe

Abstract

Despite green innovation receiving more attention as an aspect of global sustainable development, there is little thorough research about factors that promote it, especially the contributions of financial technology (Fintech), information and communication technology (ICT), and natural resources. To close this void, the study focuses on the global green innovation dynamics by looking at how natural resources consumption, growing fintech and ICT, and rising carbon emissions enter into an eco-friendly technological advancement equation. Following systematic steps, the research investigates how literacy rates shape the factors with green innovations and the role of economic growth, measured by per capita GDP, in mediating these relationships. They analyze panel data from WDI for the years 2004-2021 to demonstrate different facets of green innovation in the context of sustainability achievements. The results showed that economic development and literacy levels strongly affect the ability of the green technology adopters and users. The study stresses, too, that there is an urgent need for coordinated policy frameworks and integrative strategies to fully utilize the potential of fintech and ICT for achieving environmental sustainability. These findings underscore the need to focus on specific approaches to improve green innovation within certain regions that may lag due to economic and educational gaps. This research lays out the approach provides the determinants and obstacles to green innovation of green innovation, seeks to design effective strategies for transitioning to greener economies, reducing climate change impacts, and preserving sustainable living conditions for future inhabitants.