Examining the Role of Ecological Footprints and Financial Tech in G7 Climate Strategies

Abstract

This research aims to identify the impact of ecological footprint, energy innovation and financial technology on climate change in G7 Countries. Ecological footprint, energy innovation and financial technology, resource management, financial development, industrialization, and urbanization are significantly influencing Climate change across the World. Therefore, the current study arranged the panel dataset of ecological footprint, energy innovation and financial technology addressing the climate change evidence from G7 economies. For this purpose, a panel dataset of G7 Countries’ economies comprising 1990 to 2022 are collected from World development Indicators, IMF and KOFG Index. First, study will apply the correlation to determine the multicollinearity in the dataset. Then the study will apply cross-sectional independence to quantify the cross-sectional dependency among the datasets. Further, the study will utilize the second-generation unit root to ensure the stationery and to incorporate the cross-sectional dependency. In addition, the study used GMM approach.  Furthermore, conclusion and policy implication will be presented based on outcomes of the study.