The Impact of Natural Resource Utilisation, Green Energy, Carbon Finance, Artificial Intelligence, and Sustainable Innovation on the Environment: Evidence from Asia

Rui Hu; Syed Muhammad Salman; Samina Riaz; Hafinaz Hasniyanti Hassan; Ooi Chee Keong; Khurshid Khudoykulov

doi:10.5755/j01.ee.37.2.42445

Authors

Rui Hu Hainan Vocational University of Science and Technology, China
Syed Muhammad Salman Iqra University, Pakistan
Samina Riaz Bahria University, Pakistan
Hafinaz Hasniyanti Hassan Universiti Pertahanan Nasional Malaysia (UPNM), Malaysia
Ooi Chee Keong School of Accounting and Finance, Faculty of Business and Law, Taylor's University, Malaysia
Khurshid Khudoykulov Termez University of Economics and Service; Tashkent State University of Economics; Fergana State Technical University; Alfraganus University, Uzbekistan

DOI:

https://doi.org/10.5755/j01.ee.37.2.42445

Keywords:

Natural Resource Utilisation, Green Energy, Carbon Finance, Artificial Intelligence, Asia

Abstract

With escalating global urgency surrounding environmental sustainability, Asian economies have intensified their efforts to improve environmental quality, particularly through reductions in carbon emissions. These have also been supported by the production of advanced technological solutions and the expansion of financial mechanisms dedicated towards environmental initiatives. Within this context, the present research empirically determines the impact of carbon finance, artificial intelligence, green energy, total natural resources, and sustainable innovation on environmental quality. A panel dataset covering three Asian countries is analysed by using advanced econometric techniques to ensure methodological robustness. The empirical outcomes show that carbon finance, green energy utilisation, and the integration of artificial intelligence, which exerts a positive and statistically significant effect on environmental quality, largely through reductions in CO2 emissions. In contrast, reliance on natural resources and higher economic growth are found to deteriorate environmental quality, whereas sustainable innovations show no significant relationship. These outcomes extend the existing literature by validating key determinants of environmental quality in Asian economies. Drawing on these insights, the research outlines policy implications to strengthen environmental performance in the countries under study.

Author Biographies

Rui Hu, Hainan Vocational University of Science and Technology, China

Rui Hu is a faculty member at Hainan Vocational University of Science and Technology, Haikou, Hainan, China. His research interests focus on applied economics, business management, or technological innovation. He has contributed to scholarly research through publications in peer-reviewed journals and active participation in academic conferences, advancing both theoretical knowledge and practical applications in his field. ORCID: 0009-0003-4533-6835
Syed Muhammad Salman, Iqra University, Pakistan

Syed Muhammad Salman is a faculty member at Iqra University, Karachi, Pakistan. His research interests include business management, finance, entrepreneurship, and economics. He has actively contributed to scholarly research through publications in peer-reviewed journals and participation in academic conferences, focusing on bridging theoretical insights with practical applications in his field. ORCID: 0009-0006-7984-9024
Samina Riaz, Bahria University, Pakistan

Samina Riaz is a faculty member at Bahria University, Karachi, Pakistan. Her research interests include business management, finance, organisational behaviour, and strategic management. She has contributed to academic research through publications in peer-reviewed journals and active participation in national and international conferences, focusing on integrating theoretical knowledge with practical applications in her field. ORCID: 0000-0002-7261-1869
Hafinaz Hasniyanti Hassan, Universiti Pertahanan Nasional Malaysia (UPNM), Malaysia

Hafinaz Hasniyanti Hassan is a faculty member at Universiti Pertahanan Nasional Malaysia (UPNM), Malaysia. Her research interests include finance, Islamic finance, financial technology, banking and accounting. She has actively contributed to academic research through publications in peer-reviewed journals and participation in national and international conferences. ORCID: 0000-0002-0187-6405
Ooi Chee Keong, School of Accounting and Finance, Faculty of Business and Law, Taylor's University, Malaysia

Ooi Chee Keong is a faculty member at the School of Accounting and Finance, Faculty of Business and Law, Taylor's University, Malaysia. His research interests include accounting, corporate finance, financial reporting, and auditing. He has contributed to academic scholarship through publications in peer-reviewed journals and participation in academic and professional conferences. ORCID: 0000-0001-5675-7115
Khurshid Khudoykulov, Termez University of Economics and Service; Tashkent State University of Economics; Fergana State Technical University; Alfraganus University, Uzbekistan

Khurshid Khudoykulov is an academic and professor affiliated with multiple institutions in Uzbekistan. He serves in the Department of Finance and Tourism at Termez University of Economics and Service, the Department of Finance and Financial Technologies at Tashkent State University of Economics, and as a Professor in the Department of Finance and Accounting at Fergana State Technical University. He is also associated with the Department of International Scientific Journals and Rankings at Alfraganus University. His research interests include finance, financial technologies, tourism economics, and accounting. He has made significant contributions to academic research through publications in peer-reviewed journals and active participation in international conferences, advancing theoretical and applied knowledge in finance and related disciplines. ORCID: 0000-0003-3105-9358