Zia Zeenat, Zhong Ruoyu, Akbar Muhammad Waqas
College of Economics, Shenzhen University, Guangdong, 518060, China.
China Center for Special Economic Zone Research, Shenzhen University, Guangdong, 518060, China.
Heliyon. 2024 Mar 9;10(6):e27532. doi: 10.1016/j.heliyon.2024.e27532. eCollection 2024 Mar 30.
In the fourth industrial revolution, the fintech has significantly expanded during the last several years, and this has caused scholars to worry about how much electricity is being used. Because energy poverty is one of the most critical social policy concerns facing the majority of nations in the world in the modern era. This study adds to what has already been written by looking at how the fintech industry affects the environment and energy in European countries. The current study investigates how the growing awareness of the need to preserve energy and the environment has an effect on society, and analyzes the role of the fintech industry, green finance, energy efficiency, and research and development on energy poverty across European nations from 2013 to 2020. To estimate long- and short-term impacts, DOLS and FMOLS are used along with diagnostic tests. The outcomes found that there is a tight relationship between energy poverty and all the factors taken into consideration (fintech, green finance, energy efficiency, and R&D). EU governments should employ "green finance" to encourage and enable the fintech industry since fintech plays a vital role in enhancing environmental effectiveness. The financing of environmentally friendly projects is very beneficial and might help alleviate energy poverty. The findings also indicate that more financing, ecological subsidies, and social assistance programs are necessary in order to satisfy the needs for energy and put an end to energy poverty in Europe. Policymakers in the tech world may be especially interested in the results.
在第四次工业革命中，金融科技在过去几年中显著扩张，这引发了学者们对其耗电量的担忧。因为能源贫困是现代世界大多数国家面临的最关键的社会政策问题之一。本研究通过考察金融科技行业如何影响欧洲国家的环境和能源，对已有文献进行了补充。当前的研究调查了对保护环境和能源需求的日益增长的意识如何影响社会，并分析了2013年至2020年期间金融科技行业、绿色金融、能源效率以及研发在欧洲各国能源贫困问题上所起的作用。为了估计长期和短期影响，使用了动态最小二乘法（DOLS）和完全修正最小二乘法（FMOLS）以及诊断测试。结果发现，能源贫困与所有考虑因素（金融科技、绿色金融、能源效率和研发）之间存在紧密关系。欧盟各国政府应采用“绿色金融”来鼓励和推动金融科技行业，因为金融科技在提高环境效益方面发挥着至关重要的作用。为环保项目提供资金非常有益，可能有助于缓解能源贫困。研究结果还表明，需要更多的资金、生态补贴和社会援助项目，以满足能源需求并消除欧洲的能源贫困。科技领域的政策制定者可能对这些结果特别感兴趣。
