Unlocking the Green Economy in African Countries: An Integrated Framework of FinTech as an Enabler of the Transition to Sustainability
The emergence of new transformational technology, known as the fourth industrial revolution, has crucially opened a new window to green economic growth. The transition to low carbon, green economy, and green sustainability has gained momentum simultaneously in developed and developing countries. The...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2022-11-01
|
| Series: | Energies |
| Subjects: | |
| Online Access: | https://www.mdpi.com/1996-1073/15/22/8658 |
| _version_ | 1827644582330892288 |
|---|---|
| author | Phemelo Tamasiga Helen Onyeaka El houssin Ouassou |
| author_facet | Phemelo Tamasiga Helen Onyeaka El houssin Ouassou |
| author_sort | Phemelo Tamasiga |
| collection | DOAJ |
| description | The emergence of new transformational technology, known as the fourth industrial revolution, has crucially opened a new window to green economic growth. The transition to low carbon, green economy, and green sustainability has gained momentum simultaneously in developed and developing countries. The greening policy echoes the pending climate change and its entrenching disruptions. Financial technology, or FinTech seems to be a promising direction in unlocking the green dilemma; to be concrete, FinTech and the green economy are separately documented in the literature. Against this background, the current study investigates the intersection between green economic growth and FinTech by conducting a systematic-cum-bibliometric analysis of published papers in the Scopus database with the goal of first examining the role and opportunities of implementing green FinTech as a stimulus for transition towards green economic growth in African countries and, second, identifying knowledge gaps and future policy and research directions by developing an integrated framework to help African countries in the transition to green economic growth and green FinTech. The results illustrate an increasing trend in research attention towards the green FinTech concept and its relationship with green economic growth, climate change, and greening rules and standards. A deep inspection of the mined papers indicates that future research trajectories are oriented into five different mainstreams: technology and instruments in digital finance; regulation, policies, and green FinTech; climate risk mitigation through FinTech; FinTech and environmental quality; green finance and climate change mitigation. Based on these research directions, an integrated framework was conceptualised that aims to deliver green economic growth using FinTech as a vehicle of transition for African countries. |
| first_indexed | 2024-03-09T18:21:36Z |
| format | Article |
| id | doaj.art-7e9b998e90804a16b23f7ba6f123db9a |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-03-09T18:21:36Z |
| publishDate | 2022-11-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-7e9b998e90804a16b23f7ba6f123db9a2023-11-24T08:16:32ZengMDPI AGEnergies1996-10732022-11-011522865810.3390/en15228658Unlocking the Green Economy in African Countries: An Integrated Framework of FinTech as an Enabler of the Transition to SustainabilityPhemelo Tamasiga0Helen Onyeaka1El houssin Ouassou2Public Policy in Africa Initiative, Yaounde, CameroonSchool of Chemical Engineering, University of Birmingham, Edgbaston, Birmingham B15 2TT, UKLaboratory of Applied Economics (LAE), Mohammed V University in Rabat, Rabat 10000, MoroccoThe emergence of new transformational technology, known as the fourth industrial revolution, has crucially opened a new window to green economic growth. The transition to low carbon, green economy, and green sustainability has gained momentum simultaneously in developed and developing countries. The greening policy echoes the pending climate change and its entrenching disruptions. Financial technology, or FinTech seems to be a promising direction in unlocking the green dilemma; to be concrete, FinTech and the green economy are separately documented in the literature. Against this background, the current study investigates the intersection between green economic growth and FinTech by conducting a systematic-cum-bibliometric analysis of published papers in the Scopus database with the goal of first examining the role and opportunities of implementing green FinTech as a stimulus for transition towards green economic growth in African countries and, second, identifying knowledge gaps and future policy and research directions by developing an integrated framework to help African countries in the transition to green economic growth and green FinTech. The results illustrate an increasing trend in research attention towards the green FinTech concept and its relationship with green economic growth, climate change, and greening rules and standards. A deep inspection of the mined papers indicates that future research trajectories are oriented into five different mainstreams: technology and instruments in digital finance; regulation, policies, and green FinTech; climate risk mitigation through FinTech; FinTech and environmental quality; green finance and climate change mitigation. Based on these research directions, an integrated framework was conceptualised that aims to deliver green economic growth using FinTech as a vehicle of transition for African countries.https://www.mdpi.com/1996-1073/15/22/8658green economic growthgreen FinTechsustainabilitysystematic reviewbibliometric reviewclimate change |
| spellingShingle | Phemelo Tamasiga Helen Onyeaka El houssin Ouassou Unlocking the Green Economy in African Countries: An Integrated Framework of FinTech as an Enabler of the Transition to Sustainability Energies green economic growth green FinTech sustainability systematic review bibliometric review climate change |
| title | Unlocking the Green Economy in African Countries: An Integrated Framework of FinTech as an Enabler of the Transition to Sustainability |
| title_full | Unlocking the Green Economy in African Countries: An Integrated Framework of FinTech as an Enabler of the Transition to Sustainability |
| title_fullStr | Unlocking the Green Economy in African Countries: An Integrated Framework of FinTech as an Enabler of the Transition to Sustainability |
| title_full_unstemmed | Unlocking the Green Economy in African Countries: An Integrated Framework of FinTech as an Enabler of the Transition to Sustainability |
| title_short | Unlocking the Green Economy in African Countries: An Integrated Framework of FinTech as an Enabler of the Transition to Sustainability |
| title_sort | unlocking the green economy in african countries an integrated framework of fintech as an enabler of the transition to sustainability |
| topic | green economic growth green FinTech sustainability systematic review bibliometric review climate change |
| url | https://www.mdpi.com/1996-1073/15/22/8658 |
| work_keys_str_mv | AT phemelotamasiga unlockingthegreeneconomyinafricancountriesanintegratedframeworkoffintechasanenablerofthetransitiontosustainability AT helenonyeaka unlockingthegreeneconomyinafricancountriesanintegratedframeworkoffintechasanenablerofthetransitiontosustainability AT elhoussinouassou unlockingthegreeneconomyinafricancountriesanintegratedframeworkoffintechasanenablerofthetransitiontosustainability |