| Abstract [eng] |
To conclude, this research study aimed at the exploration of the role of green fintech in boosting sustainable development, with a specific focus on its impact on emissions and the broader environmental implications of digital finance. The research incorporated theoretical insights from a SWOT analysis and fixed-effects panel data regression model to provide a complete understanding of the challenges and opportunities as part of the green fintech scope. The findings show that, while green fintech has considerable potential to support sustainable development, its impact on emissions is not explainable in straightforward manner. The panel data regression model revealed that the overall increase of digital finance, particularly through digital payments, is positively associated with higher emissions, likely due to the infrastructural and energy demands of digital payment systems. However, some specific applications of fintech, such as mobile utility payments, were found to be negatively associated with emissions, suggesting that targeted innovations within green fintech can contribute to environmental sustainability. From a strategic view, the SWOT analysis identified main strengths and opportunities for green fintech, such as the enabling financial inclusion and provision of innovative, environmentally-friendly financial services and products. However, it also pointed to meaningful weaknesses and threats, that include regulatory barriers, technological limitations, and the potential environmental costs associated with expanding digital financial services. These insights were confirmed by the regression model, which emphasized the need for a balanced approach to digital finance adoption that carefully considers both the environmental benefits and costs. By combining the findings from both the SWOT analysis and the regression model, this thesis provides meaningful information into the complex relationships of integrating fintech into sustainable development strategies. It showcases the importance of policy measures that can mitigate the negative environmental impacts of digital finance while maximizing its potential for promoting financial inclusion and sustainability. In conclusion, the research contributes to the growing literature and knowledge on the intersection of digital finance and environmental sustainability, offering a detailed and comprehensive understanding of green fintech’s role in addressing global environmental challenges. The results of this study offers practical recommendations for regulators and financial institutions and opens routes for further research. Future studies could explore the long-term effects of specific green fintech innovations, the role of renewable energy in powering digital finance infrastructure, and the potential for fintech to drive systemic change in industries with high environmental footprints. Through innovation and thoughtful regulation, green fintech can play a crucial role in achieving sustainable development goals, but careful consideration of its environmental implications is essential for ensuring that its benefits outweigh its costs. |
