Innovative financial solutions for sustainable investments using artificial intelligence-based hybrid fuzzy decision-making approach in carbon capture technologies

Serhat Yüksel (), Serkan Eti (), Hasan Dinçer (), Yaşar Gökalp (), Gabriela Oana Olaru () and Nihal Kalaycı Oflaz ()
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Serhat Yüksel: İstanbul Medipol University
Serkan Eti: İstanbul Medipol University
Hasan Dinçer: İstanbul Medipol University
Yaşar Gökalp: The School of Health, İstanbul Medipol University
Gabriela Oana Olaru: The School of Communication, İstanbul Medipol University
Nihal Kalaycı Oflaz: İstanbul Medipol University

Financial Innovation, 2025, vol. 11, issue 1, 1-30

Abstract: Abstract High costs, technical difficulties, and policy uncertainties are the main challenges in carbon capture technology investments. Therefore, innovative financial products are required to develop projects that overcome these difficulties. Some issues must be considered when developing innovative financial products. An important problem in this process is that these features cannot possibly exist together in the new financial product, because each of these features incurs some costs. Therefore, identifying the most important features of innovative financial products is necessary. Accordingly, this study develops a new and innovative financial product to increase the effectiveness of investments in carbon capture technologies. For this purpose, a novel artificial intelligence (AI)-based fuzzy decision-making model is constructed. First, the weights of the experts were calculated by considering AI methodology. Second, the factors affecting investment in carbon capture technologies were weighted using a spherical fuzzy DEMATEL. Finally, the financial features required for investments were ranked using the spherical fuzzy ARAS method. This study’s main contribution is its creation of a novel fuzzy decision-making model by integrating AI methodology with fuzzy decision-making theory. In this process, the weights of the experts are calculated using an AI approach. It is concluded that cost-effectiveness must be prioritized in the development of new financial products. Technological competence is another aspect that should be considered in this process. However, innovative financial products should include risk management and flexible financing.

Keywords: Innovative financial product; Flexible payments; Risk management; Carbon capture technologies; Artificial intelligence; Spherical fuzzy sets (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1186/s40854-024-00671-x

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