Is Climate FinTech Effective in Mitigating Climate Change Risk? An Analysis of Linear and Non-Linear Causality Tests

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Abstract

The study aims to investigate the cause-and-effect relationship between the FinTech index and carbon dioxide emissions index globally.

The study findings indicate that there is not a cause-and-effect relationship between the global FinTech index and the carbon dioxide emissions index, which indicates that climate FinTech tools and applications are environmentally friendly.

These results will be crucial for governments and corporate and policymakers who are looking at climate FinTech tools and applications as a potential means of reducing climate change risks and achieving the sustainable development goals.

 

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