Fintech In Green Finance

Abstract

The fintech is playing a dominant role in provision of green finance by leveraging big data analytics and artificial intelligence to have a green transition between customers and small, medium enterprises. The Paris Agreement and the accomplishment of the Sustainable Development Goals (SDGs) will necessitate considerable additional investment. New financial technologies ("fintech"), such as blockchain, the Internet of Things, and big data, have the potential to unleash green finance innovations created around the same time as the Paris Agreement and the SDGs. This paper outlines three broad areas where fintech could be used to help with green finance: blockchain applications for sustainable development, blockchain use-cases for renewable energy, decentralised electricity markets, carbon credits, and climate finance, and financial instrument innovation, including green bonds. The study focuses on blockchain applications in sustainable development and renewable energy, with examples from Europe, which has been a pioneer in the field. The article examines the implications for Asian emerging economies and makes early recommendations for policymakers interested in leveraging fintech and blockchain for low-carbon, climate-resilient investment, and the accomplishment of the Sustainable Development Goals.