Unlocking the Green Economy in African Countries: An Integrated Framework of FinTech as an Enabler of the Transition to Sustainability

Phemelo Tamasiga, Helen Onyeaka () and El houssin Ouassou
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Helen Onyeaka: School of Chemical Engineering, University of Birmingham, Edgbaston, Birmingham B15 2TT, UK
El houssin Ouassou: Laboratory of Applied Economics (LAE), Mohammed V University in Rabat, Rabat 10000, Morocco

Energies, 2022, vol. 15, issue 22, 1-28

Abstract: The emergence of new transformational technology, known as the fourth industrial revolution, has crucially opened a new window to green economic growth. The transition to low carbon, green economy, and green sustainability has gained momentum simultaneously in developed and developing countries. The greening policy echoes the pending climate change and its entrenching disruptions. Financial technology, or FinTech seems to be a promising direction in unlocking the green dilemma; to be concrete, FinTech and the green economy are separately documented in the literature. Against this background, the current study investigates the intersection between green economic growth and FinTech by conducting a systematic-cum-bibliometric analysis of published papers in the Scopus database with the goal of first examining the role and opportunities of implementing green FinTech as a stimulus for transition towards green economic growth in African countries and, second, identifying knowledge gaps and future policy and research directions by developing an integrated framework to help African countries in the transition to green economic growth and green FinTech. The results illustrate an increasing trend in research attention towards the green FinTech concept and its relationship with green economic growth, climate change, and greening rules and standards. A deep inspection of the mined papers indicates that future research trajectories are oriented into five different mainstreams: technology and instruments in digital finance; regulation, policies, and green FinTech; climate risk mitigation through FinTech; FinTech and environmental quality; green finance and climate change mitigation. Based on these research directions, an integrated framework was conceptualised that aims to deliver green economic growth using FinTech as a vehicle of transition for African countries.

Keywords: green economic growth; green FinTech; sustainability; systematic review; bibliometric review; climate change; African countries (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

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