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Mapping the Current Practices and Patterns of Green Digital Finance in India and the Way Forward

In: Green Digital Finance and Sustainable Development Goals

Author

Listed:
  • Vijeta Singh

    (MIT—World Peace University)

  • Nandita Mishra

    (Linköping University)

  • Farhad Taghizadeh-Hesary

    (Tokai University
    Tokai University)

Abstract

The investment required to achieve the commitments of the 2015 Paris Agreement and the available finance leaves a huge gap that needs to be filled. Notably, the COVID-19 pandemic has accentuated this finance gap. The cost of financing green projects is another very important factor. To deal with these problems, green digital financing offers a cost-effective and transparent option. Technologies like artificial intelligence, blockchain, Internet of things, and big data can help boost green financing. This chapter highlights the investment requirement in India to achieve the sustainable development goals (SDGs) and also outlines the steps taken by India toward green digital financing. This chapter also underlines the challenges faced by India in the field of green digital financing and draws some initial recommendations for policymakers in harnessing green digital financing to achieve the SDGs.

Suggested Citation

  • Vijeta Singh & Nandita Mishra & Farhad Taghizadeh-Hesary, 2022. "Mapping the Current Practices and Patterns of Green Digital Finance in India and the Way Forward," Economics, Law, and Institutions in Asia Pacific, in: Farhad Taghizadeh-Hesary & Suk Hyun (ed.), Green Digital Finance and Sustainable Development Goals, chapter 0, pages 223-242, Springer.
    • Handle: RePEc:spr:eclchp:978-981-19-2662-4_11
    DOI: 10.1007/978-981-19-2662-4_11
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