What is Green Fintech?

It has been estimated that an annual investment of USD5-7 trillion will be needed to achieve the US Sustainable Development Goals (SDGs) and the Paris Agreement on Climate Change (Brookings,2016). That requires the mobilisation of private and public financing and the development of financial systems with SDG priorities. The fintech sector can provide innovative solutions to unleash the potential of green finance and further provide solutions to social and environmental issues discussed in the SDGs. In general, green fintech can provide innovations to overcome issues in the following areas according to the Stockholm Green Digital Finance Insight Brief.