Does green finance and natural resources agglomeration have potential for green economic growth? Evidence from Asian perspective

This study examines how natural resources, carbon emissions, and foreign direct investment impact China's longterm economic regeneration initiatives. Between 2001 and 2021, data from 286 cities were gathered, and DID analysis and other econometric methods were used to examine the data. The results indicate that although the cost of carbon emissions severely impacts China's green economy, short-term growth is boosted by the expansion of natural resources and the development of financial markets. These findings support the hypothesis that the relationship between natural resources, economic development, and carbon emissions is linear. Policymakers should build a framework for policy based on these results that promote better and more effective use of natural resources for both financial and developmental growth. This may support long-term sustainability in China and green economic growth. Overall, this study provides insightful information on the connection between natural resources, carbon emissions, and economic development.