Scaling up Climate Finance Through Blockchain-Based Digital Green Bonds

Yushi Chen ()
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Yushi Chen: University of Sussex

Chapter Chapter 2 in Fintech and Sustainability, 2023, pp 13-27 from Springer

Abstract: Abstract This article opens with an overview of the current climate challenges. Although we have built the basis for climate goals such as the Paris Agreement, our trajectory does not point in that direction. Access to climate funding is predominantly biased in mitigating climate change. Given the limited effectiveness of mitigation approaches, we urgently need to raise the volume and proportion of climate adaptation finance. There is now a significant climate financing deficit to accomplish the Paris Agreement’s climate goals. Climate fintech may offer new ways of thinking and open new channels for climate financing as digital technology continues to advance. This paper uses digital green bonds as an example to discuss two issues related to the development of digital finance and the response to climate change: (1) How can we use digital technology to balance the needs of stakeholders when the traditional model of development based solely on the interests of shareholders makes it difficult to meet the needs of sustainable development and climate action? (2) How can we use a combination of digital financial instruments to encourage private investors to support climate change investments?

Keywords: Climate Financing; Climate Fintech; Digital Green Bond; Blockchain; Tokenization (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-40647-8_2

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DOI: 10.1007/978-3-031-40647-8_2

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