Facilitating Green Tech and Green Finance between Public and Private Sectors: Innovation and Sustainable Growth
CIISD Economic Review, Forthcoming
16 Pages Posted: 3 Jun 2021
Date Written: May 25, 2021
Whilst concerns for privacy, governance and security remain paramount in relation to Fintech and distributed ledger technologies, such concerns need to be balanced against ways whereby “Green Fintech” and Green Finance can interact. Such interaction also prompts considerations relating to the engagement of the public and private sectors in ensuring that innovation is facilitated whilst the tendency for competitive imbalances are taken into account.
This paper contributes to the extant literature on the topic by identifying how risks have evolved with the digital age and how such risks have been, and can be addressed. Further, it draws attention to technologies that have been proposed in the transition to greener, net zero carbon emission economies through a consideration of concepts such as sensor technologies and “Smart Green Growth”. Is it really possible to facilitate a transition to a net zero carbon emissions economy whilst the ongoing pandemic appears to be leaving a legacy in the rise of digital platforms which are widely acknowledged to be huge contributors to carbon emissions?
To what extent can “Green Fintech” and Green Finance interact efficiently in the same capacity and importance of ensuring that regulators do not regulate or over regulate technology but rather, it uses?
Keywords: Green Fintech, Green Finance, Sensor Technologies, Climate Risks, Physical Risks, Transition Risks, Operational Risks, Financial Disclosures
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