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29 - Sustainable Finance and Fintech

A Focus on Capital Raising

from Part V - Financial Innovation and Sustainability

Published online by Cambridge University Press:  30 January 2025

By
Eugenia Macchiavello
Edited by
Kern Alexander ,
Matteo Gargantini  and
Michele Siri
Kern Alexander
Affiliation:
University of Zurich
Matteo Gargantini
Affiliation:
University of Genoa
Michele Siri
Affiliation:
University of Genoa
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Summary

Technology (especially the high energy-consuming blockchain) is not often associated with environmental goals but the elements of peer-to-peer networks, sharing economy and ‘direct’ finance in the Fintech world present coherence and continuity with the ESG world. Furthermore, the potential of Fintech in reducing costs, connecting people on a global scale, improving financial inclusion, diversification and resilience offer great opportunities also in the area of sustainable finance, advancing societal factors. Nonetheless, relevant risks and limitations must be considered, too. This chapter will first introduce the emerging area of sustainable digital finance, with particular regard to environmental objectives. Second, it will focus on ‘green Fintech’ facilitating capital raising. In particular, the chapter will analyse the main legal and technical challenges related to green financing, with special regard to green crowdfunding, green tokens offerings and other Distributed Ledger Technology (DLT)-based opportunities, also considering recent EU regulatory initiatives, also advancing some policy proposals.

Keywords

green crowdfundinggreen fintechcapital raisingsustainable digital financegreen crowdfunding platformsrisks of green crowdfundingdistributed ledgertechnology-based financegreen bonds
Type
Chapter
Information
The Cambridge Handbook of EU Sustainable Finance
Regulation, Supervision and Governance
 , pp. 743 - 776
Publisher: Cambridge University Press
Print publication year: 2025

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