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The Role of FinTech in Advancing Green Financing
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Author(s): Kanika Thapliyal (Graphic Era University (deemed), Dehradun, India), Chandan Gupta (Graphic Era University (deemed), Dehradun, India)and Priya Jindal (Chitkara Business School, Chitkara University, India)
Copyright: 2024
Pages: 19
Source title:
Business Drivers in Promoting Digital Detoxification
Source Author(s)/Editor(s): Simon Grima (Department of Insurance, Faculty of Economics Management and Accountancy, University of Malta, Msida, Malta & Faculty of Business, Management and Economics, University of Latvia, Riga, Latvia), Shilpa Chaudhary (Lovely Professional University, India), Kiran Sood (Chitkara Business School, Chitkara University, India & Research Fellow at the Women Researchers Council (WRC) at Azerbaijan State University of Economics (UNEC), Azerbaijan)and Sanjeev Kumar (Lovely Professional University, India)
DOI: 10.4018/979-8-3693-1107-3.ch016
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Abstract
An essential structural modification that is needed to halt the earth's rising temperature and advance ecological sound practices is through promoting green finance with increasing support of technological innovations. Technological innovations have the potential to accelerate green finance growth while balancing bank sustainability and profitability. Green finance as a financial tool can assure that both the economy and the environment can grow sustainably. Since its emergence, the presence of FinTech based on big data and artificial intelligence technology can be noticed in various fields. In light of the numerous advantages FinTech provides, it can be employed in blossoming green finance. Hence, the chapter aims to demonstrate the role of fintech in promoting green finance. This chapter also focuses on green finance, green finance's importance, projects that come under green finance, and the economic benefits green finance provides. Finally, this chapter explores the association between green finance, fintech, and environmental sustainability.
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