Unleashing the Green: Why Green Fintech Should be the Focus in Climate Change Mitigation

Authors

  • Kaelon Osby Grand Oaks High School
  • Jacob Anderson Grand Oaks High School

DOI:

https://doi.org/10.47611/jsrhs.v12i4.5811

Keywords:

Fintech, Climate Change, Blockchain, Sustainability, Finance

Abstract

This research study delves into the transformative power of green fintech and its positive effect on climate change mitigation. As the global community faces the ever-so-pressing negative factors of climate change, the urgency for a solution to help mitigate these aftereffects is increasing. In so, the intersection of finance and technology emerges as a promising solution to help solve this problem. Through literature review, analysis of real-world case studies, and an exploration of existing green fintech initiatives, this study demonstrates how financial technology transforms the fight against climate change. The research highlights the critical ways green fintech contributes to climate action, such as renewable energy financing, sustainable investments, and enhanced climate risk assessment. By showcasing the positive outcomes of green fintech adoption, this study emphasizes the critical role financial innovation should play in achieving global climate goals.

Downloads

Download data is not yet available.

References or Bibliography

Mills, R. (2022, November 18). Beyond the buzz: What can blockchain do for carbon markets?. RMI. https://rmi.org/what-can-blockchain-do-for-carbon-markets/

Ciutina, I. (2022, January 21). How fintechs like aquaoso help banks assess climate risks in their lending portfolios. Tearsheet. https://tearsheet.co/green-finance/how-fintechs-like-aquaoso-help-banks-assess-climate-risks-in-their-lending-portfolios/

Varagouli, E. (n.d.). Content syndication: What it is & how it works. Semrush Blog. https://www.semrush.com/blog/content-syndication/

Frankenfield, J. (n.d.). Regtech: Definition, who uses it and why, and example companies. Investopedia. https://www.investopedia.com/terms/r/regtech.asp#:~:text=Regtech%20is%20the%20management%20of,monitoring%2C%20reporting%2C%20and%20compliance.

Onukwue, A. (2021, September 24). Fintech can become a force for renewable energy adoption in Nigeria. Quartz. https://qz.com/africa/2064096/fintech-can-boost-renewable-energy-adoption-in-nigeria

Ajifowoke, M. (2021, September 21). Shell-backed firm invests $2m in Nigerian fintech startup to power rural areas. TechCabal. https://techcabal.com/2021/09/20/infibranches-secures-2m-from-shell-funded-investor/

Climate fintech: The key to unlocking wider climate tech solutions: Resources. DAI Magister. (n.d.). https://www.daimagister.com/resources/climate-fintech/

Muldoon, J. (n.d.). How fintech innovations are accelerating the Energy Transition. Energize Capital. https://www.energizecap.com/news-insights/how-fintech-innovations-are-accelerating-the-energy-transition

Case study: Green finance with Ekko. Case Study | Green finance with ekko. (n.d.). https://eps.edenred.com/case-study-green-finance-with-ekko

Cogo: Green Fintech Challenge Case Study. FCA. (2022, March 28). https://www.fca.org.uk/firms/innovation/green-fintech-challenge/cogo-case-study

Mclain, K. (n.d.). What the inflation reduction act means for climate software. Energize Capital. https://www.energizecap.com/news-insights/what-the-inflation-reduction-act-means-for-climate-software

Nassiry, D. (n.d.). Adbi Working Paper Series - Asian Development Bank. https://www.adb.org/sites/default/files/publication/464821/adbi-wp883.pdf

Person. (2023, April 13). How can finance accelerate transition to renewable energy?. FinTech Magazine. https://fintechmagazine.com/articles/how-can-finance-accelerate-transition-to-renewable-energy

The world’s first Green Fintech taxonomy. Green Digital Finance Alliance. (n.d.). https://www.greendigitalfinancealliance.org/news-and-events/the-worlds-first-green-fintech-taxonomy

Keup, M. (2022, December 23). Hard costs vs. soft costs in construction: Definitions & examples. ProjectManager. https://www.projectmanager.com/blog/hard-soft-costs-construction

Alexandre Croutzet a, a, b, AbstractThis study highlights the importance of financial technologies (“FinTech”) as a factor influencing renewable energy use across Organization for Economic Cooperation and Development (OECD) countries. Renewable energy development is motivated notabl, Nguyen, K. H., Yue, S., Sadorsky, P., Tamazian, A., Zhang, Y. J., Kim, J., Mielnik, O., Gaies, B., Andoni, M., Çoban, S., Chang, S. C., Islam, F., Ozturk, I., Shahbaz, M., Ouyang, Y., … Destek, M. A. (2021, August 1). Do Fintech trigger renewable energy use? evidence from OECD countries. Renewable Energy. https://www.sciencedirect.com/science/article/abs/pii/S0960148121011551

Electrifying. (2021, March 8). Fintech and renewable energy – A perfect couple?. ELECTRIFYING. https://www.electrifying.world/fintech-renewable-energy/

Published

11-30-2023

How to Cite

Osby, K., & Anderson, J. (2023). Unleashing the Green: Why Green Fintech Should be the Focus in Climate Change Mitigation. Journal of Student Research, 12(4). https://doi.org/10.47611/jsrhs.v12i4.5811

Issue

Section

HS Review Articles