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The Role of Greener Innovations in Promoting Financial Inclusion to Achieve Carbon Neutrality: An Integrative Review

Author

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  • Mohsen Brahmi

    (Department of Economics, University of Sfax, Sfax 2100, Tunisia)

  • Luca Esposito

    (Karelian Institute, University of Eastern Finland, 80130 Joensuu, Finland
    Department of Economics and Statistics, University of Salerno, 84084 Fisciano, Italy)

  • Anna Parziale

    (Department of Business Sciences-Management & Innovation Systems, University of Salerno, 84084 Fisciano, Italy)

  • Karambir Singh Dhayal

    (Department of Economics and Finance, Birla Institute of Technology & Science (BITS), Pilani Campus, Rajasthan 333031, India)

  • Shruti Agrawal

    (Department of Humanities and Social Sciences, Malaviya National Institute of Technology Jaipur, Rajasthan 302017, India)

  • Arun Kumar Giri

    (Department of Economics and Finance, Birla Institute of Technology & Science (BITS), Pilani Campus, Rajasthan 333031, India)

  • Nguyen Thi Loan

    (Department of Business Administration, Faculty of Economic and Business Administration, Hong Duc University, Thanh Hóa 440000, Vietnam)

Abstract

In recent times, the green transition, by promoting carbon neutrality, has become highly imperative to meet environmental challenges. The present literature review study seeks to explore the intersecting role of greener innovations in facilitating financial inclusion for a sustainable future. Within the global agenda is the goal of carbon neutrality, with the aim of reducing environmental impact and mitigating climate change. Aim: The present study aims to investigate the role that technological innovations play in the financial inclusion of achieving climate neutrality. Method: Through a systematic literature review, we investigate how new innovations generate new investment opportunities and promote sustainable development. However, fair, accessible, and inclusive financing is crucial. Findings: the analyzed documents in this study shows that technological innovations can play an important role in financial inclusion for carbon neutrality and provide some important policy implications. Indeed, a favorable regulatory environment could generate positive effects already in the short term, with important environmental, economic, and social repercussions.

Suggested Citation

  • Mohsen Brahmi & Luca Esposito & Anna Parziale & Karambir Singh Dhayal & Shruti Agrawal & Arun Kumar Giri & Nguyen Thi Loan, 2023. "The Role of Greener Innovations in Promoting Financial Inclusion to Achieve Carbon Neutrality: An Integrative Review," Economies, MDPI, vol. 11(7), pages 1-18, July.
    • Handle: RePEc:gam:jecomi:v:11:y:2023:i:7:p:194-:d:1196091
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    References listed on IDEAS

    as
    1. Xiang Deng & Zhi Huang & Xiang Cheng, 2019. "FinTech and Sustainable Development: Evidence from China Based on P2P Data," Sustainability, MDPI, vol. 11(22), pages 1-19, November.
    2. Cristina Chueca Vergara & Luis Ferruz Agudo, 2021. "Fintech and Sustainability: Do They Affect Each Other?," Sustainability, MDPI, vol. 13(13), pages 1-19, June.
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    Cited by:

    1. Wang, Jinxing & Li, Wanming, 2024. "Natural resources-financial innovation-carbon neutrality nexus: The role of policy robustness," Resources Policy, Elsevier, vol. 89(C).
    2. Aiste Dirzyte & Vytis Valatka, 2023. "Creative and Happy Individuals Concerned about Climate Change: Evidence Based on the 10th Round of the European Social Survey in 22 Countries," Sustainability, MDPI, vol. 15(22), pages 1-18, November.
    3. Piaopeng Song & Yuxiao Gu & Bin Su & Arifa Tanveer & Qiao Peng & Weijun Gao & Shaomin Wu & Shihong Zeng, 2023. "The Impact of Green Technology Research and Development (R&D) Investment on Performance: A Case Study of Listed Energy Companies in Beijing, China," Sustainability, MDPI, vol. 15(16), pages 1-24, August.
    4. Saul Beltozar-Clemente & Orlando Iparraguirre-Villanueva & Félix Pucuhuayla-Revatta & Fernando Sierra-Liñan & Joselyn Zapata-Paulini & Michael Cabanillas-Carbonell, 2023. "Contributions of the 5G Network with Respect to Decent Work and Economic Growth (Sustainable Development Goal 8): A Systematic Review of the Literature," Sustainability, MDPI, vol. 15(22), pages 1-37, November.

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