In recent years technology and sustainability emerged as two main drivers for economy and finance, each with its own characteristics and following independent paths of development. The general discourse on the relationship between technology (more recently financial technology-fintech) and sustainability tended to emphasize the role of technology as a tool for pursuing sustainability mostly from the perspective of financial inclusion. Therefore the relationship with environmental sustainability was less often considered. This book chapter tries to answer the question on the role of digital finance as a tool for pursuing environmental sustainability, and the way specific policies might contribute to pursuing this goal. Adopting this perspective, this book chapter considers the emergence of sustainable digital finance as the clearest result of the interplay between technology and sustainability, assessing its potential for contributing to environmental sustainability. In doing this, this book chapter considers the most relevant public initiatives at the international level and provides a brief overview of the technologies involved in sustainable digital finance, assessing their own specificities and complementarity. Finally, this book chapter makes some critical considerations and proposes some policy suggestions to strengthen sustainable digital finance in a view of achieving ambitious societal goals.
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See Edward B. Rock, “For Whom Is the Corporation Managed in 2020?: The Debate over Corporate Purpose” (European Corporate governance Institute - Law Working Paper No. 515/2020, New York University School of Law, Law and Economics Research Paper Series Working Paper No. 20-16, New York, May 1, 2020), https://ssrn.com/abstract=3589951; see also Jill E. Fisch and Steven Davidoff Solomon, “Should Corporations have a Purpose?” (European Corporate governance Institute—Law Working Paper No. 510/2020, University of Pennsylvania Law School, Institute for Law and Economics, Research Paper No. 20-22, Pennsylvania, Aug. 3, 2020), https://ssrn.com/abstract=3561164;and see also Lucian A. Bebchuk and Roberto Tallarita, “The Illusory Promise of Stakeholder Governance”, Cornell Law Review (Forthcoming, December 2020), https://ssrn.com/abstract=3544978.
Ross P. Buckley et al., “Sustainability, Fintech and Financial Inclusion” (European Banking Institute Working Paper Series 2019/41, University of Luxembourg Law Working Paper No. 006-2019, UNSW Law Research Paper No. 19-63, University of Hong Kong Faculty of Law Research Paper No. 2019/038, European Business and Organization Law Review, Nov. 1, 2019, Forthcoming), https://ssrn.com/abstract=3387359.
See generally Marco Dell’Erba, “From Inactivity to Full Enforcement: The Implementation of the ‘Do No Harm’ Approach in Initial Coin Offerings,” Michigan Technology Law Review 26, no. 2 (Spring 2020): 175–227.
See generally Marco Dell’Erba, “Stablecoins in Cryptoeconomics from Initial Coin Offerings to Central Bank Digital Currencies,” New York University Journal of Legislation and Public Policy 22, no. 1 (2019): 1–47; see also Marco Dell’Erba, “Shadow Central Banking,” November 6, 2019 (unpublished manuscript), https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3488040.