Green Digital Finance and Sustainable Development Goals

This book aims to fill the literature gap on digital instruments and FinTech in enhancing green finance by exploring how technological innovation can increase transparency, accountability, and speed, decentralize the financial system, improve risk management, increase competition, lower costs, improve efficiency, increase cross-sectoral collaboration and integration, and scale up green finance. It also highlights the need for alternative ways to finance projects due to the scarcity of investments in renewable energy projects.

Format: Hardback
Length: 366 pages
Publication date: 02 July 2022
Publisher: Springer Verlag, Singapore

This comprehensive book aims to bridge the literature gap on digital instruments and FinTech in enhancing green finance, recognizing the pivotal role of technological innovation in driving sustainable development. By leveraging cutting-edge technologies, we can foster greater transparency, accountability, and speed in financial transactions, decentralized the financial system, improve risk management, stimulate competition, reduce costs, enhance efficiency, promote cross-sectoral collaboration, and scale up green finance efforts.

Artificial intelligence (AI), distributed ledger technologies (DLT) or blockchain, peer-to-peer lending platforms, big data, Internet-based and mobile-based payment platforms, Internet of Things (IoT), matchmaking platforms including crowdlending, tokenizing green assets, and other innovative solutions hold immense potential for scaling up green finance and achieving the Sustainable Development Goals (SDGs).

However, the COVID-19 pandemic, economic downturns, and uncertainties have resulted in a decline in new investments in renewable energy projects worldwide. This lack of investment in renewable energy projects poses a significant threat to the expansion of green energy required for energy security and meeting SDG7 and SDG13 targets. Several risks and low rates of return hinder investments in renewable energy projects, leading to a need for alternative financing solutions.

While various new green financing solutions, such as green bonds, green banks, green credit guarantee, carbon taxation, carbon trade, village funds, and community trust funds, have been established in different countries, they remain insufficient to meet the growing demand for green projects. The book offers a treasure trove of high-quality studies that explore the utilization of digitalization, FinTech, financial innovations, and other emerging technologies to bridge the finance gap for green projects and meet the SDG goals. Written by scholars from diverse countries and regions, the chapters provide practical policy recommendations to policymakers, financiers, and stakeholders involved in sustainable development.

By leveraging the power of technology and innovative financing solutions, we can foster a more sustainable and inclusive financial system that supports the transition to a greener and more sustainable future.

Weight: 740g
Dimension: 235 x 155 (mm)
ISBN-13: 9789811926617
Edition number: 1st ed. 2022