Climate Risks, Sustainable Finance, and Green Growth: The Evolution of Fintech

Abstract

This study provides a bibliometric analysis of business literature on the interlinks of fintech, climate risks, and sustainable finance. Fintech growth promotes national environmental efficiency and green finance by decreasing carbon intensity toward the net-zero target. National fintech growth moderates the impact of environmental, social, and governance investment on bank efficiency. Fintech mitigates the loan bankruptcy risk imposed by climate risks with strict mortgage lending decisions due to climate concerns. Fintech applications in banking systems optimize financing costs and increase the accessibility of money for firms, decreasing corporate green washing behaviors and promoting green innovation. The existing literature leaves room for future studies on fintech to promote climate finance with important policies for climate action toward Sustainable Development Goals.

Keywords Climate Risks, Green Finance, Sustainable Finance