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Sustainable Digital Finance Can Help Develop A Low-Carbon Economy

Many governments and corporations have committed to preventing or even reversing global warming in the near future, relying mostly on innovation.

Many governments and corporations have committed to preventing or even reversing global warming in the near future, relying mostly on innovation, new applications of existing technology, and new business models.

More than 1,200 “climate-tech” start-ups have already been identified, which can unlock major climate-investments for corporations and investors.

According to the World Economic Forum, this sustainable finance, combined with technological innovation and digitized banking, will be crucial to the transition to a low-carbon economy.

“Digital finance refers to the integration of big data, artificial intelligence (AI), mobile platforms, blockchain and the Internet of things (IoT) in the provision of financial services. Sustainable finance, on the other hand, refers to financial services integrating environmental, social and governance (ESG) criteria into the business or investment decisions for the lasting benefit of both clients and society at large.”

Access to high-value and comparable data will remain essential to increasing more sustainable investment opportunities.

It’s expected that technologies like AI, machine learning and natural language processing will be used to generate and evaluate environmental, social, and governance (ESG) data.

Apart from streamlining investment decisions, technology can also help raise consumer awareness about the environmental and social consequences of consumption and investment choices, and motivate them to choose more sustainable options.



Nikola uses his background in electrical engineering to break down complex sustainability topics for GreenCitizen's readers. He is a firm believer in environmental conservation, which he practices daily through recycling and home-grown food. He enjoys hiking, engaging in white-water sports, and collecting pocket knives.

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