How Green FinTech Can Alleviate the Impact of Climate Change—The Case of Switzerland

Puschmann, Thomas; Hoffmann, Christian Hugo; Khmarskyi, Valentyn

doi:10.3390/su122410691

Cited by 103 publications

(87 citation statements)

References 62 publications

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“…This suggests that Jordanians are more likely to increase their adoption of FinTech services if they see the value of such systems. These technologies and services may be valuable because they save time, effort, and money while decreasing product waste, chemicals, and resources [7,8].…”

Section: Discussionmentioning

confidence: 99%

“…Aside from the benefits it provides to users and businesses by making operations and transactions considerably easier, FinTech acts as a catalyst for the long-term development of developing economies. FinTech services can help limit environmental effects by increasing productivity, efficiency, and cost savings; reducing product waste, chemicals, and resources; and measuring, analyzing, and tracking progress [7,8]. Sustainability has evolved from a specialist business concern to a mainstream one.…”

Section: Introductionmentioning

confidence: 99%

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Sustainable FinTech Innovation Orientation: A Moderated Model

et al. 2021

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Financial technology (otherwise known as FinTech) refers to a type of technology and innovation that tries to improve and automate the delivery and use of financial services. Despite the importance of this technology in people’s financial transactions in improving the management of their financial operations, processes, and lives, there is a lack of empirical evidence about sustainable FinTech services in the Jordanian context. Consequently, this research examines the factors that influence the acceptance of FinTech services, which have a variety of social, environmental, and ecological benefits. This study proposes an integrated model by combining the extended technology acceptance model (TAM) with the perceived enjoyment as an independent variable and electronic word of mouth (eWOM) as a moderator variable simultaneously. A total of 304 responses from Jordanian citizens were analyzed by the quantitative method of partial least squares structural equation modelling (PLS-SEM). The result confirmed that perceived usefulness and perceived enjoyment have a significant and positive influence on users’ decision to use FinTech services. Meanwhile, eWOM is found to moderate the relationship between perceived usefulness and Jordanians’ decisions to use FinTech services. Finally, this study provides practical implications for managers to encourage them to provide adequate, reliable, and sustainable services to their customers at a reasonable cost that fit their demands and ultimately improve their living standards. Current study limitations and future research directions are presented in the last section.

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Section: Discussionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Sustainable FinTech Innovation Orientation: A Moderated Model

et al. 2021

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“…Arner et al ( 2020 ) have proclaimed that Fintech functions as a facilitator for financial inclusion, which in turn aids in the achievement of sustainable development. Puschmann et al ( 2020 ) have argued that Fintech and green finance assist in achieving the clean energy that is also mandated in sustainable development goals. All these studies reveal that Fintech can act a facilitating role on achieving energy efficiency.…”

Section: Literature Reviewmentioning

confidence: 99%

Impact of Green financing, FinTech, and financial inclusion on energy efficiency

Liu

Yao

Latif

et al. 2021

Environ Sci Pollut Res

166

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In modern times, enhancing energy efficiency is one of the core agenda items for the economies to progress the world. United Nations general assembly has recommended increasing energy efficiency by considering the SDG-7 guidelines. In the contemporary period, E7 economies are deficient in producing the financial resources to ensure the availability of funds for the acquisition of energy efficiency. COVID-19 crises, lack of resilience in economies, devastating fiscal burdens, and tight monetary conditions of E7 economies are the major barriers. To resolve such issues, some innovative financing techniques, such as green financing, financial inclusion, and FinTech, were suggested to investigate. However, this research tested the empirical role of financial inclusion, green financing, and FinTech on the energy efficiency of E7 economies. Study findings have shown a significant role of such financing techniques on energy efficiency. Comparatively, green financing is found most fitting and highly supportive financing tool for energy efficiency among the three. The differences in attributes, financing mechanism, funds flow system, transection systems, and variation in support by the financial institution are the main reasons that lessen the role of financial inclusion and FinTech for energy efficiency. However, theorists must revisit the transaction system of FinTech and financial inclusion parameters like green bonds for energy efficiency attainment. Policymakers are suggested to develop viable and energy system-friendly policies to grant green finance to the energy systems of E7 economies, as conveniently as possible.

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“…A study found that digital finance can effectively reduce energy consumption per unit of GDP in the real economy by promoting the development of technology-intensive manufacturing and other paths, and is a new engine for green development in China. Puschmann measured green total factor productivity (GTFP) using an SBM model that includes non-desired output and explored the relationship between digital finance and GTFP and the underlying mechanism [31]. Puschmann concluded that digital finance could improve GTFP through indirect mechanisms such as technological innovation and regional entrepreneurship.…”

Section: The Green Effect Of Financial Digitizationmentioning

confidence: 99%

Impact of Digital Finance on Regional Carbon Emissions: An Empirical Study of Sustainable Development in China

et al. 2022

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China is currently in the process of industrialization, and the excessive consumption of fossil energy results in a significant increase in carbon emissions. With the significant development of information technology and the digital economy, digital finance has gradually become a new model that affects human activities, motivating us to explore the relationship between digital finance and carbon emissions. Based on panel data from 278 cities from 2011 to 2019, this study empirically analyzes the relationship between digital finance and carbon emissions and discusses it in terms of the nonlinearity, regional heterogeneity, and spatial spillover effects. We find empirical evidence indicating that digital finance can mitigate regional carbon emissions. Finally, we propose some relevant suggestions for promoting sustainable and healthy development of digital finance, and achieving carbon emissions reduction.

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How Green FinTech Can Alleviate the Impact of Climate Change—The Case of Switzerland

Cited by 103 publications

References 62 publications

Sustainable FinTech Innovation Orientation: A Moderated Model

Sustainable FinTech Innovation Orientation: A Moderated Model

Impact of Green financing, FinTech, and financial inclusion on energy efficiency

Impact of Digital Finance on Regional Carbon Emissions: An Empirical Study of Sustainable Development in China

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