FinGreen refers to the formation of a green economy, the foundation and growth of which is actively managed by the financial services industry.
The concept is crucial since everything – starting from fighting climate change to building resilience against already occurring impacts- requires a substantial capital investment.
When it comes to defining the areas that FinGreen encompasses, several aspects of fintech come into play. One of those, called Climate Fintech, is at the crossroads between climate, finance and technology.
While fintech combines finance and technology to improve financial processes, climate fintech is about their application in
decarbonizing the planet.
As we aim to be carbon neutral by 2050, this whitepaper examines how fintech powered innovations can help to make our financial system more eco-friendly.