.

ISSN 2063-5346
For urgent queries please contact : +918130348310

DEVELOPING A LOW CARBON ECONOMY THROUGH SUSTAINABLE DIGITAL FINANCE: AN EVIDENCE FROM ASIA-PACIFIC

Main Article Content

Ms. Chandni Keswani,Dr. Mamta Joshi,Dr. Vikas Rathore,Ms. Gunjali Trivedi,Dr. Deepti Sharma
» doi: 10.48047/ecb/2023.12.si5.187

Abstract

Finance is an important support for the low-carbon transformation of the real economy, and digital finance, as a new direction of financial development, has a significant influence on carbon emissions; therefore, it is critical to investigate the relationship between digital finance and carbon emissions in order to develop carbon reduction strategies from the financial side. In the digital economy, data is arguably the most valuable resource. It has the potential to be a driving force in creating a more sustainable world if used effectively and responsibly. Given its central role in the financial system, as well as its access to and use of data, the potential is especially potent in the financial sector. Data can be captured by sensors in the environment and structured to integrate sustainability into existing financial products and services using technologies such as blockchain, artificial intelligence (AI), mobile technology, internet of things (IoT), and the cloud. These can be creatively combined to create entirely new long-term digital finance products. This paper has attempted to gather and present the data showcasing the scenario of sustainable digital finance in Asia- Pacific. The findings of the study suggested that the region has embraced the ways leading to sustainability.

Article Details