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2019 | OriginalPaper | Chapter

9. Fintech, Digitalization and Blockchain: Possible Applications for Green Finance

Authors : Gregor Dorfleitner, Diana Braun

Published in: The Rise of Green Finance in Europe

Publisher: Springer International Publishing

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Abstract

The objective of this chapter is to delineate the potential of fintech and blockchain to unlock the mobilization of green finance and to overcome respective barriers by explaining the key functionalities of applications including their key benefits and limitations. Fintech and blockchain facilitate access to new sources of finance and investment, from a larger investor base—especially from private investors. In addition, they operate in decentralized systems, bypassing traditional intermediaries such as banks or other financial institutions, decreasing costs and inefficiencies. Blockchain technology further enables effective monitoring, reporting and verification, increases transparency and accountability and reduces the risk of greenwashing. However, uniform standards and definitions for green finance as well as adequate legal and regulatory frameworks are still required.

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previous chapter The Development of Green Finance in EU Agriculture: Main Obstacles and Possible Ways Forward

next chapter Sustainable Finance: A Common Ground for the Future in Europe?

See www.crowdfundres.eu as source (access date 2019-03-04) and for additional information.

See www.theclimatechain.org as source (access date 2019-03-04) and for additional information.

See Table 9.1 for an overview of robo-advisors. For more detailed information see the respective webpages stated in Table 9.1.

Butticè et al. (2019) are analysing projects within the period of July 1, 2009 and July 1, 2012.

See Table 9.2 for an overview of crowdfunding platforms. For more detailed information see the respective webpages stated in Table 9.2.

We follow the classification of UNFCCC that define four categories where blockchain can foster climate action: “improved carbon emission trading”; “facilitated clean energy trading”; “enhanced climate finance flows”; “better tracking and reporting of GHG […]” (see United Nations Climate Change (2017)).

See Table 9.3 for an overview of applications. For more detailed information on applications see the respective webpages stated in Table 9.3.

See Table 9.3 for an overview of applications. For more detailed information on applications please refer to the respective webpages stated in Table 9.3.

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Title: Fintech, Digitalization and Blockchain: Possible Applications for Green Finance
Authors: Gregor Dorfleitner
Diana Braun
Publisher: Springer International Publishing
Book: The Rise of Green Finance in Europe
Print ISBN: 978-3-030-22509-4

Electronic ISBN: 978-3-030-22510-0

Copyright Year: 2019
DOI: https://doi.org/10.1007/978-3-030-22510-0_9

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