Fusion of Fintech and Green Finance Amidst Russo‐Ukrainian Conflict: A Step Toward Sustainable Development

Sunil Tiwari and Kamel Si Mohammed

Sustainable Development, 2025, vol. 33, issue 5, 6936-6953

Abstract: Green technology innovations such as fintech and green finance have emerged as comprehensive drivers to deal with environmental issues and foster sustainable development even during unforeseeable events. In this regard, this study explores the dynamics of Shanghai crude oil futures, Chinese Renminbi, Shanghai SE Composite Index, Hang Seng TECH Index, geopolitical risks, and carbon markets from March 26, 2018, to July 3, 2023. It accounts for major economic disruptions, such as the COVID‐19 pandemic and the conflict between Russia and Ukraine, illustrating how these sectors have enabled more effective monitoring and analysis of complex financial ecosystems. Findings reveal a high level of interconnectedness, particularly during the Russia‐Ukraine conflict, utilizing the Vector Autoregression (VAR) method for assessing market linkages toward sustainable development. Further analysis through wavelet coherence and DCC GARCH models underscores the effectiveness of crude oil futures as a hedging instrument with substantial resilience to market shocks. These insights imply crucial implications for green finance and fintech regulators, suggesting the need for strict monitoring of cross‐market risks and advising against the use of crude oil futures by Chinese stock investors as a hedging tool.

Date: 2025
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https://doi.org/10.1002/sd.3502

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Persistent link: https://EconPapers.repec.org/RePEc:wly:sustdv:v:33:y:2025:i:5:p:6936-6953

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