The Role of Greener Innovations in Promoting Financial Inclusion to Achieve Carbon Neutrality: An Integrative Review

Abstract

In recent times, the green transition, by promoting carbon neutrality, has become highly imperative to meet environmental challenges. The present literature review study seeks to explore the intersecting role of greener innovations in facilitating financial inclusion for a sustainable future. Within the global agenda is the goal of carbon neutrality, with the aim of reducing environmental impact and mitigating climate change. Aim: The present study aims to investigate the role that technological innovations play in the financial inclusion of achieving climate neutrality. Method: Through a systematic literature review, we investigate how new innovations generate new investment opportunities and promote sustainable development. However, fair, accessible, and inclusive financing is crucial. Findings: the analyzed documents in this study shows that technological innovations can play an important role in financial inclusion for carbon neutrality and provide some important policy implications. Indeed, a favorable regulatory environment could generate positive effects already in the short term, with important environmental, economic, and social repercussions.

Creative and Happy Individuals Concerned about Climate Change: Evidence Based on the 10th Round of the European Social Survey in 22 Countries

“…Their ability to think outside the box may make them more receptive to understanding complex problems like climate change. This study confirms that creativity can be a valuable asset in addressing climate change challenges, as creative individuals are more likely to recognize and communicate the urgency and significance of various concerns [143,144]; therefore, encouraging and harnessing creativity could be an important strategy in addressing climate change [97,98,145]. Therefore, the results of this study are consistent with earlier studies, which suggest that creativity fosters a deeper and wider understanding as well as communication of complex issues and that creative thinking can lead to innovative solutions to environmental challenges and the effective communication of the latter [116,145].…”

“…Research on the links between sustainability and creativity encompass a variety of topics; these include the relationship between sustainability and creativity [94,95], unsustainable creativity [96], creativity in the design of green workplaces [26], axiomatic design for creativity, sustainability, and Industry 4.0 [97], views on creativity, environmental sustainability, and their integrated development [56], creativity, innovation, and sustainability [5], the role of greener innovations to achieve carbon neutrality [97], social well-being, creativity and sustainability [11,12], the development of students' creativity and competence [98], the development of sustainability-oriented creativity [95], and the sustainability of creativity [99]. A study by Vliert and Murray proposed the eco theory of creativity on the environmental precursors of creativity [100,101].…”

The evolution of data pricing: From economics to computational intelligence

“…We selected three types of articles, articles, proceedings papers, and reviews, for analysis [ 89 , 90 ] because these were the main categories that contained the complete research ideas and results, and some computer science publications are published in conference. We do not consider books and editorial materials to be research objects since they provide less information and less comprehensive content than the other three categories mentioned above [ 27 ]. Therefore, a total of 373 papers were used for analysis.…”

“…At present, many scholars use bibliometric methods to analyze the situation and trend of a certain research problem [ [27] , [28] , [29] , [30] ].Bibliometric analysis is a thorough and quantitative examination of the background, present state, trends, and hotspots of a certain study area [ 31 ]. For instance, Brahmi et al [ 27 ] employed bibliometric analysis and systematic literature review to investigate the role of green innovation in fostering financial inclusion for a sustainable future. Through bibliometric analysis, Zhang et al [ 32 ] chose 2160 papers to study the development of big data analytics and machine learning.…”

Drivers of Sustainable Green Finance: Country’s Level Risk and Trade Perspective for OECD Countries

“…For instance, recent studies offered significant empirical evidence concerning the progressive role of green finance and financial inclusion in environmental sustainability in different economies and regions (Khan, Haouas, et al, 2023;Zhan et al, 2023;Mirza et al, 2023;Saydaliev and Chin, 2022;Liu et al, 2023;Qin et al, 2021aQin et al, , 2021b. Technological innovation advancements significantly stem financial inclusion and financial development to eradicate environmental degradation (Brahmi et al, 2023;Fakher & Ahmed, 2023;Xie et al, 2023). Besides, financial inclusion is one of the key drivers of energy efficiency and renewable energy consumption (Khan, Haouas, et al, 2023;Liu et al, 2022;Zheng et al, 2023), whereas green financial development substantially improves the level of green energy adoption, enhance research and development, encourage green agriculture (Lee et al, 2023;Xu et al, 2023).…”