Exploring the Interconnection of FinTech and Climate Sustainability

Abstract

The escalating climate catastrophe has made climate-sustainable development indispensable, the success of which relies on the sustainable adoption of innovative ideas and technologies. Against this backdrop, the FinTech industry saw the emergence of a novel FinTech model with a climate action motive, known as climate FinTech or green FinTech. This chapter contributes to the scanty climate FinTech literature by providing insights on the state of the art using an inductive qualitative methodology comprising a literature review, case research on Indian climate FinTech, and sentiment analysis of climate FinTech tweets. The chapter puts forward suggestions for the growth of the market, and the future implications. The results suggest that the climate FinTech landscape is made up of a multitude of business types and activities and this innovative yet impactful FinTech model is a promising proposition for countering climate catastrophe, especially using blockchain technology.