686 570
Full Length Article
American Journal of Business and Operations Research
Volume 7 , Issue 2, PP: 56-67 , 2022 | Cite this article as | XML | Html |PDF

Title

An Analysis Framework to Study the Effects of Green Finance on Sustainable Smart Cities

  Noura Metawa 1 * ,   Nawazish Mirza 2

1  University of Sharjah, UAE
    (nmetawa@sharjah.ac.ae)

2  Excelia Business School, La Rochelle, France
    (nawazishmirza@gmail.com)


Doi   :   https://doi.org/10.54216/AJBOR.070205

Received: April 22, 2022 Accepted: October 07, 2022

Abstract :

Despite the fact that many countries around the world have adopted green growth as their strategy for economic development and those studies have investigated the factors that influence green growth from a variety of perspectives in sustainable smart cities, there is a paucity of literature that focuses on the impact that fintech and green finance have on green growth. This study attempts to design a complete index to assess the green growth of regional economies from the point of view of the development of fintech. The index will be based on an in-depth examination of the effect mechanism that green finance has on green growth. Additional study reveals that innovations in fintech mostly foster green economic development by means of green lending and green investment. As a result, advancements in fintech have the potential to foster green productivity expansion by elevating the development degree of green finance. This is a field that has a great deal of reference importance for most nations. The development of financial technology has the opposite effect on the building of sustainable smart cities. This is mostly because both the development and commoditization of fintech need more resources, and these resources also come at a greater price.

Keywords :

Financial; Sustainability; Green Financial; Financial Technology; FinTech; Smart City

References :

[1] D. Taskin, E. Dogan, and M. Madaleno, ―Analyzing the relationship between energy efficiency and

environmental and financial variables: A way towards sustainable development,‖ Energy, vol. 252, p.

124045, 2022.

[2] G. Finance, ―green finance,‖ City, 2016.

[3] K. Ghosh, ―Role Of Fintech In Green Finance And Sustainable Development,‖ Gyan Management

Journal, vol. 14, no. 2, pp. 61–71, 2020.

[4] M. S. Farahani, A. Esfahani, M. N. F. Moghaddam, and A. Ramezani, ―The Impact of Fintech and

Artificial Intelligence on COVID 19 and Sustainable Development Goals,‖ International Journal of

Innovation in Management, Economics and Social Sciences, vol. 2, no. 3, pp. 14–31, 2022.

[5] G. Zhou, J. Zhu, and S. Luo, ―The impact of fintech innovation on green growth in China: Mediating

effect of green finance,‖ Ecological Economics, vol. 193, p. 107308, 2022.

[6] H. Liu, P. Yao, S. Latif, S. Aslam, and N. Iqbal, ―Impact of Green financing, FinTech, and financial

inclusion on energy efficiency,‖ Environmental Science and Pollution Research, vol. 29, no. 13, pp.

18955–18966, 2022.

[7] T. Puschmann, C. H. Hoffmann, and V. Khmarskyi, ―How green FinTech can alleviate the impact of

climate change—the case of Switzerland,‖ Sustainability, vol. 12, no. 24, p. 10691, 2020.

[8] D. Nassiry, ―The Role of Fintech in Unlocking Green Finance,‖ in Handbook of Green Finance,

Springer, 2019, pp. 315–336.

[9] D. Nassiry, ―The role of fintech in unlocking green finance: Policy insights for developing countries,‖

ADBI Working Paper, 2018.

[10] Z. He, Z. Liu, H. Wu, X. Gu, Y. Zhao, and X. Yue, ―Research on the impact of green finance and

Fintech in smart city,‖ Complexity, vol. 2020, 2020.

[11] S. Yasar, ―Sustainable financing of smart cities,‖ Artificial Intelligence Perspective for Smart Cities, pp.

155–184, 2022.

[12] N. R. Moşteanu, ―Green sustainable regional development and digital era,‖ in Green Buildings and

Renewable Energy, Springer, 2020, pp. 181–197.

[13] Y. Sun, W. Guan, Y. Cao, and Q. Bao, ―Role of green finance policy in renewable energy deployment

for carbon neutrality: Evidence from China,‖ Renewable Energy, vol. 197, pp. 643–653, 2022.

[14] C. F. Lee and P. Baral, ―Green Finance Opportunities in ASEAN,‖ 2017.

[15] H. Schäfer, ―Germany: the ‗greenhorn‘in the green finance revolution,‖ Environment: Science and

Policy for Sustainable Development, vol. 60, no. 1, pp. 18–27, 2018.

[16] L. Jinru, Z. Changbiao, B. Ahmad, M. Irfan, and R. Nazir, ―How do green financing and green logistics

affect the circular economy in the pandemic situation: key mediating role of sustainable production,‖

Economic Research-Ekonomska Istraživanja, vol. 35, no. 1, pp. 3836–3856, 2022.

[17] Y. Wang and Q. Zhi, ―The role of green finance in environmental protection: Two aspects of market

mechanism and policies,‖ Energy Procedia, vol. 104, pp. 311–316, 2016.

[18] X. Zhang, M. Aranguiz, D. Xu, X. Zhang, and X. Xu, ―Utilizing blockchain for better enforcement of

green finance law and regulations,‖ in Transforming Climate Finance and Green Investment with

Blockchains, Elsevier, 2018, pp. 289–301.

[19] M. S. Hoshen, M. N. Hasan, S. Hossain, M. A. Al Mamun, A. Mannan, and A. Al Mamun, ―Green

financing: an emerging form of sustainable development in Bangladesh,‖ IOSR J. Bus. Manag, vol. 19,

pp. 24–30, 2017.

[20] A. Poberezhna, ―Addressing water sustainability with blockchain technology and green finance,‖ in

Transforming climate finance and green investment with blockchains, Elsevier, 2018, pp. 189–196.

[21] C. Papa and N. Rossi, ―Smart Cities and Sustainable Finance,‖ European Journal of Islamic Finance,

vol. 9, no. 2, pp. 18–26, 2022.

[22] M. Casini, ―Green technology for smart cities,‖ in IOP Conference series: earth and environmental

science, 2017, vol. 83, no. 1, p. 12014.

[23] T. Chowdhury, R. Datta, and H. Mohajan, ―Green finance is essential for economic development and

sustainability,‖ 2013.

[24] S. Dörry and C. Schulz, ―Green financing, interrupted. Potential directions for sustainable finance in

Luxembourg,‖ Local Environment, vol. 23, no. 7, pp. 717–733, 2018.

[25] M. A. Khan, H. Riaz, M. Ahmed, and A. Saeed, ―Does green finance really deliver what is expected? An

empirical perspective,‖ Borsa Istanbul Review, vol. 22, no. 3, pp. 586–593, 2022.

[26] T. Muganyi, L. Yan, and H. Sun, ―Green finance, fintech and environmental protection: Evidence from

China,‖ Environmental Science and Ecotechnology, vol. 7, p. 100107, 2021.

[27] F. Taghizadeh-Hesary and N. Yoshino, ―The way to induce private participation in green finance and

investment,‖ Finance Research Letters, vol. 31, pp. 98–103, 2019.

[28] P. M. Falcone and E. Sica, ―Assessing the opportunities and challenges of green finance in Italy: An

analysis of the biomass production sector,‖ Sustainability, vol. 11, no. 2, p. 517, 2019.


Cite this Article as :
Style #
MLA Noura Metawa, Nawazish Mirza. "An Analysis Framework to Study the Effects of Green Finance on Sustainable Smart Cities." American Journal of Business and Operations Research, Vol. 7, No. 2, 2022 ,PP. 56-67 (Doi   :  https://doi.org/10.54216/AJBOR.070205)
APA Noura Metawa, Nawazish Mirza. (2022). An Analysis Framework to Study the Effects of Green Finance on Sustainable Smart Cities. Journal of American Journal of Business and Operations Research, 7 ( 2 ), 56-67 (Doi   :  https://doi.org/10.54216/AJBOR.070205)
Chicago Noura Metawa, Nawazish Mirza. "An Analysis Framework to Study the Effects of Green Finance on Sustainable Smart Cities." Journal of American Journal of Business and Operations Research, 7 no. 2 (2022): 56-67 (Doi   :  https://doi.org/10.54216/AJBOR.070205)
Harvard Noura Metawa, Nawazish Mirza. (2022). An Analysis Framework to Study the Effects of Green Finance on Sustainable Smart Cities. Journal of American Journal of Business and Operations Research, 7 ( 2 ), 56-67 (Doi   :  https://doi.org/10.54216/AJBOR.070205)
Vancouver Noura Metawa, Nawazish Mirza. An Analysis Framework to Study the Effects of Green Finance on Sustainable Smart Cities. Journal of American Journal of Business and Operations Research, (2022); 7 ( 2 ): 56-67 (Doi   :  https://doi.org/10.54216/AJBOR.070205)
IEEE Noura Metawa, Nawazish Mirza, An Analysis Framework to Study the Effects of Green Finance on Sustainable Smart Cities, Journal of American Journal of Business and Operations Research, Vol. 7 , No. 2 , (2022) : 56-67 (Doi   :  https://doi.org/10.54216/AJBOR.070205)