Regulatory and Legal Framework for Promoting Green Digital Finance

Vijay Kumar Singh ()
Additional contact information
Vijay Kumar Singh: UPES School of Law

Chapter Chapter 1 in Green Digital Finance and Sustainable Development Goals, 2022, pp 3-27 from Springer

Abstract: Abstract “Green digital finance” emerged as a concept out of the potential innovations that technology could offer to the financial system (FinTech) in promoting green initiatives. “Green finance” and “digital finance” have evolved over the years as independent concepts; however, a marriage of these terms to form a cohesive approach on “green digital finance” is new. New technologies like blockchain, artificial intelligence, machine learning, big data, and Internet of things have brought new possibilities in improving financial services in general and ramping up green finance specifically. One of the major challenges faced by green finance initiatives is participation from the private sector. The focus of international organizations is now to bring private sector initiatives and investment into mainstream climate finance. Integration of technology into these initiatives is a pertinent tool. Along with a host of benefits, technology also brings with it a lot of risks and challenges. Banking and financial sector regulators and supervisors face the challenge of aligning existing regulations with the dynamic changes. This chapter explores the evolution of the concept of “green digital finance” and how this is connected to achievement of sustainable development goals. Existing regulations and policy framework on green digital finance, if any, are explored. Regulatory and legal consideration for utilizing digitalization in scaling up green finance are also explored. This chapter provides a discussion of all major concerns relating to the regulation of green digital finance.

Keywords: Green digital finance; Climate change; Green finance; Sustainable development; Legal; Regulatory (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:eclchp:978-981-19-2662-4_1

Ordering information: This item can be ordered from
http://www.springer.com/9789811926624

DOI: 10.1007/978-981-19-2662-4_1

Access Statistics for this chapter

More chapters in Economics, Law, and Institutions in Asia Pacific from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().