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Mapping the Current Practices and Patterns of Green Digital Finance in India and the Way Forward

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Green Digital Finance and Sustainable Development Goals

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

Abstract

The investment required to achieve the commitments of the 2015 Paris Agreement and the available finance leaves a huge gap that needs to be filled. Notably, the COVID-19 pandemic has accentuated this finance gap. The cost of financing green projects is another very important factor. To deal with these problems, green digital financing offers a cost-effective and transparent option. Technologies like artificial intelligence, blockchain, Internet of things, and big data can help boost green financing. This chapter highlights the investment requirement in India to achieve the sustainable development goals (SDGs) and also outlines the steps taken by India toward green digital financing. This chapter also underlines the challenges faced by India in the field of green digital financing and draws some initial recommendations for policymakers in harnessing green digital financing to achieve the SDGs.

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Author information

Authors and Affiliations

  1. School of Management-PG, MIT—World Peace University, Pune, India

    Vijeta Singh

  2. Department of Management and Engineering (IEI), Linköping University, Linköping, Sweden

    Nandita Mishra

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

    Farhad Taghizadeh-Hesary

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

    Farhad Taghizadeh-Hesary

Authors
  1. Vijeta Singh
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  2. Nandita Mishra
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  3. Farhad Taghizadeh-Hesary
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Correspondence to Nandita Mishra .

Editor information

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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Singh, V., Mishra, N., Taghizadeh-Hesary, F. (2022). Mapping the Current Practices and Patterns of Green Digital Finance in India and the Way Forward. 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_11

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