The Fintech Revolution Knocks Out the Financial Problems in the Energy Efficiency Sector: The Case of EFFORCE

Ricky Celenta, Valentina Cucino and Giulio Ferrigno

Chapter 12 in Fintech and Green Investment:Transforming Challenges into Opportunities, 2024, pp 335-358 from World Scientific Publishing Co. Pte. Ltd.

Abstract: In recent years, we have been living through two epochal transformations in business: the new approach to sustainability and digital transformation. In this chapter, we analyse how these two phenomena intersect. To tackle this research question, we first discuss the opportunities and the limits of the energy efficiency sector, specifically referring to the role of green investments and the challenges of Energy Service Companies (ESCos). Thereafter, we introduce the leading technologies of the digital–financial revolution and illustrate the main features that characterise fintech, especially highlighting the role of blockchain and tokenisation in the energy efficiency sector. Through the analysis of the EFFORCE case, we highlight how in practice fintech and blockchain are supporting the crossing of certain limits of the energy efficiency sector and sustaining green investment.

Keywords: Fintech; New Institutional Economics; Climate Change; Commons; Financialization; Distributed Ledger Technology; Neoliberalism; Trilemma; Securitisation; Blockchain; Sustainability; Innovation; Circular Economy; Implementation; Governance; Challenge; Security; Decentralization; Digital Currencies; Circular Economy; Environmental Accountancy; Food Loss; Food Security; Food Waste; Industrial Symbiosis; Material Flow Analysis; Waste Management; China; Green Growth; Digital Finance; Big Four; Coal; Sustainable Development; Bitcoin Mining; Proof-of-Work (PoW); Energy Consumption; Carbon; Footprint; Market Value; Investor Attention; Google Search Volume; Causality; Cardano Coin; Behavioural Finance; Green Cryptocurrencies; Proof-of-Stake (PoS); Energy Efficiency; Green Finance; DeFi; CeFi; Banking System; Financial System; Bank-based Systems; Market-based Systems; SMEs; Corporate Ownership; Cross-border Banking Flows; De Jure; De Facto Regulations; Green Banking; Environmental Risks; Green Finance Regulation; Green Finance Policies; Gender Equality; Financial Inclusion; Women; Climate Change; Environment; Inequality; Poverty; Central Bank Digital Currency (CBDC); Common Prosperity; Sustainable Democracy; Economic Inequality Elimination; COVID-19; Economic Perspectives; Interdisciplinary Study; Youth Banking; Unbanked; Underbanked; Neobank; Accessibility; Practicability; Financial Inclusion; Digital Technologies; Energy Sector; Financial Issues; Supply Chain Financing (search for similar items in EconPapers)
JEL-codes: G2 Q5 (search for similar items in EconPapers)
Date: 2024
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