Relevance of fintech and energy transition to green growth: Empirical evidence from China

Due to its heavy reliance on fossil fuels and rapid urbanization, China's economic growth is accompanied by environmental problems. Hence, it is vital to solve the issue by promoting green growth and finding factors to boost it. The current study presents FinTech as a factor enhancing green growth in China through the mediation effect of the energy transition. The green growth index is created through a comprehensive literature review and selecting the most critical indicators. It has been established through benchmark regression that FinTech positively affects green growth in China. However, results also prove that the energy transition is the path through which FinTech affects green growth. Policymakers are advised to direct their efforts toward the energy transition and FinTech to solve the problems related to China's rapid economic growth.