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Identification of Critical Success Factors for Developing the Green Digital Financing Market in Iran

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Green Digital Finance and Sustainable Development Goals

Part of the book series: Economics, Law, and Institutions in Asia Pacific ((ELIAP))

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To achieve sustainable development goals, adequate investment in green energy infrastructure is required. Green digital finance as a blend of FinTech in green finance can be considered a possible mechanism to absorb foreign capital to boost the progress of green projects in different countries, which may lead to achieving sustainable development goals. In this chapter, the qualitative methods of Interpretative Structural Modeling and the Technology Acceptance Model are employed to evaluate the opinions of advanced experts to determine the critical success factors of developing the green digital financing market in Iran. The findings show that among all distinguished critical success factors, accessibility and transparency in the green digital finance market, profitability of green projects, responsibility of developers of green digital finance tools, easing capital mobility, political stability, and regulatory quality in green digital finance should be addressed by policymakers in Iran. As practical recommendations, harmonizing and standardizing green digital market mechanisms, improving good governance indicators, and subsidizing green digital financing tools are discussed in this chapter.

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Authors and Affiliations

  1. Faculty of World Studies, University of Tehran, Tehran, Iran

    Ehsan Rasoulinezhad

  2. School of Global Studies, Tokai University, Hiratsuka, Kanagawa, Japan

    Farhad Taghizadeh-Hesary

  3. TOKAI Research Institute for Environment and Sustainability (TRIES), Tokai University, Hiratsuka, Kanagawa, Japan

    Farhad Taghizadeh-Hesary

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  1. Ehsan Rasoulinezhad
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  2. Farhad Taghizadeh-Hesary
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Correspondence to Ehsan Rasoulinezhad .

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Editors and Affiliations

  1. School of Global Studies, Tokai University, Hiratsuka, Kanagawa, Japan

    Farhad Taghizadeh-Hesary

  2. Graduate School of Environmental Finance, Yonsei University, Wonju, Korea (Republic of)

    Suk Hyun

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Rasoulinezhad, E., Taghizadeh-Hesary, F. (2022). Identification of Critical Success Factors for Developing the Green Digital Financing Market in Iran. In: Taghizadeh-Hesary, F., Hyun, S. (eds) Green Digital Finance and Sustainable Development Goals. Economics, Law, and Institutions in Asia Pacific. Springer, Singapore. https://doi.org/10.1007/978-981-19-2662-4_5

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