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

Mohsen Brahmi, Luca Esposito, Anna Parziale, Karambir Singh Dhayal, Shruti Agrawal, Arun Giri and Nguyen Thi Loan
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Luca Esposito: Karelian Institute, University of Eastern Finland, 80130 Joensuu, Finland
Anna Parziale: Department of Business Sciences-Management & Innovation Systems, University of Salerno, 84084 Fisciano, Italy
Karambir Singh Dhayal: Department of Economics and Finance, Birla Institute of Technology & Science (BITS), Pilani Campus, Rajasthan 333031, India
Shruti Agrawal: Department of Humanities and Social Sciences, Malaviya National Institute of Technology Jaipur, Rajasthan 302017, India
Nguyen Thi Loan: Department of Business Administration, Faculty of Economic and Business Administration, Hong Duc University, Thanh Hóa 440000, Vietnam

Economies, 2023, vol. 11, issue 7, 1-18

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.

Keywords: carbon neutrality; greener innovations; mitigating climate change; financial inclusion; sustainable development; economic (search for similar items in EconPapers)
JEL-codes: E F I J O Q (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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