Abstract
The objective of this chapter is to delineate the potential of fintech and blockchain to unlock the mobilization of green finance and to overcome respective barriers by explaining the key functionalities of applications including their key benefits and limitations. Fintech and blockchain facilitate access to new sources of finance and investment, from a larger investor base—especially from private investors. In addition, they operate in decentralized systems, bypassing traditional intermediaries such as banks or other financial institutions, decreasing costs and inefficiencies. Blockchain technology further enables effective monitoring, reporting and verification, increases transparency and accountability and reduces the risk of greenwashing. However, uniform standards and definitions for green finance as well as adequate legal and regulatory frameworks are still required.
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See www.crowdfundres.eu as source (access date 2019-03-04) and for additional information.
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See www.theclimatechain.org as source (access date 2019-03-04) and for additional information.
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Butticè et al. (2019) are analysing projects within the period of July 1, 2009 and July 1, 2012.
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We follow the classification of UNFCCC that define four categories where blockchain can foster climate action: “improved carbon emission trading”; “facilitated clean energy trading”; “enhanced climate finance flows”; “better tracking and reporting of GHG […]” (see United Nations Climate Change (2017)).
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Dorfleitner, G., Braun, D. (2019). Fintech, Digitalization and Blockchain: Possible Applications for Green Finance. In: Migliorelli, M., Dessertine, P. (eds) The Rise of Green Finance in Europe. Palgrave Studies in Impact Finance. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-22510-0_9
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