Reducing Environmental Footprint Through Convergence of Waste Management, Green Finance and Green Technology: Adopting Multiple Approaches

Suleman Sarwar Department of Finance and Economics, College of Business, University of Jeddah, Jeddah, Saudi Arabia

Search for other papers by Suleman Sarwar in
Current site
Google Scholar
PubMed
Close
Restricted access

Abstract

This study explores the impact of economic expansion, total natural resources rent, waste management, green finance and green technological innovation on ecological footprints, the case of Saudi Arabia. Despite the plethora of empirical studies, we contribute to the literature through multiple channels: (i) adopting the combined model of variables, (ii) formulating the interaction term of green technology with key indicators, (iii) threshold based analysis etc. The findings indicate that total natural resource rents, green finance, and green technological innovation are negatively related to ecological footprints. Initial analysis suggests that waste management alone does not significantly affect the environment. However, when combined with green technological innovation, it can significantly reduce the ecological footprint in Saudi Arabia. Advanced waste management technologies should be implemented to address the long-term effects of environmental damage. Financial institutions should also evaluate their lending practices against sustainable finance frameworks and issue green bonds.

© 2025 American Meteorological Society. This is an Author Accepted Manuscript distributed under the terms of the default AMS reuse license. For information regarding reuse and general copyright information, consult the AMS Copyright Policy (www.ametsoc.org/PUBSReuseLicenses).

* Corresponding author: Department of Finance and Economics, College of Business, University of Jeddah, Jeddah, Saudi Arabia, E-mail: ch.sulemansarwar@gmail.com

Abstract

This study explores the impact of economic expansion, total natural resources rent, waste management, green finance and green technological innovation on ecological footprints, the case of Saudi Arabia. Despite the plethora of empirical studies, we contribute to the literature through multiple channels: (i) adopting the combined model of variables, (ii) formulating the interaction term of green technology with key indicators, (iii) threshold based analysis etc. The findings indicate that total natural resource rents, green finance, and green technological innovation are negatively related to ecological footprints. Initial analysis suggests that waste management alone does not significantly affect the environment. However, when combined with green technological innovation, it can significantly reduce the ecological footprint in Saudi Arabia. Advanced waste management technologies should be implemented to address the long-term effects of environmental damage. Financial institutions should also evaluate their lending practices against sustainable finance frameworks and issue green bonds.

© 2025 American Meteorological Society. This is an Author Accepted Manuscript distributed under the terms of the default AMS reuse license. For information regarding reuse and general copyright information, consult the AMS Copyright Policy (www.ametsoc.org/PUBSReuseLicenses).

* Corresponding author: Department of Finance and Economics, College of Business, University of Jeddah, Jeddah, Saudi Arabia, E-mail: ch.sulemansarwar@gmail.com
Save