Leveraging Blockchain Technology for Innovative Climate Finance under the Green Climate Fund

Schulz, Karsten; Feist, Marian

doi:10.2139/ssrn.3663176

Cited by 4 publications

(1 citation statement)

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“…These new types of asset management are still in their infancy and have not yet been fully leveraged for climate finance. However, a number of exploratory case studies examine the potential of linking DLT-based systems to green funding sources, for example, in the context of the Green Climate Fund (e.g., Schulz and Feist 2021).…”

Section: Bbva-structured Green Bondmentioning

confidence: 99%

Distributed Ledger Technology and Climate Finance

Schloesser¹,

Schulz

2022

Economics, Law, and Institutions in Asia Pacific

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Enormous amounts of capital will need to be mobilized in the coming decades to drive the transition of our global economy toward climate neutrality. In recent years, the financial system started to move in a more environmentally sustainable direction, inter alia offering more green investment opportunities. Speeding up this process is inevitable if humanity wants to meet the Sustainable Development Goals (SDGs) and achieve the targets of the Paris Climate Agreement. Distributed Ledger Technology (DLT) may enable climate finance to effectively accelerate this transition toward sustainability. Inherent characteristics like security, immutability, transparency, and auditability make DLT a highly promising tool for climate-related use cases. However, the mainstream adoption of these digital innovations is still constrained by various obstacles, including technological and regulatory barriers, especially in the highly regulated finance sector. Existing digital divides between developed and developing nations further exacerbate these challenges. Based on these initial deliberations, this chapter shows how DLT can be used effectively for innovative climate finance. We first introduce the technology and discuss its sustainability as well as different possible DLT governance structures. Based on this introduction, we provide an overview of sustainability-related initiatives and networks linked to DLT. We review various DLT applications in Decentralized Finance (DeFi), asset management, Measurement, Reporting and Verification (MRV), tokenization, and other relevant fields. We conclude with an outlook on the role of DLT in climate finance and present recommendations for overcoming some of the remaining risks and obstacles.

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Section: Bbva-structured Green Bondmentioning

confidence: 99%

Distributed Ledger Technology and Climate Finance

Schloesser¹,

Schulz

2022

Economics, Law, and Institutions in Asia Pacific

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Digital Transformation of the South Asia Region: Challenges and Prospects

Gusarova¹,

Gusarov²,

Smeretchinskii³

2023

E3S Web Conf.

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The digital economy is on the agenda all over the world today, it represents a new paradigm for the development of cooperation between countries and can become a driver of their economic growth. The implementation of the key digitalization agenda is one of the main priorities for the development of the economies of South Asia. The purpose of the study was to determine the impact of the digital economy, and the introduction of R&D on the development of the economies of South Asian countries. Exploring the development of the transformation of the digital economy in the countries of South Asia, we came to the conclusion that this process can be significantly facilitated by the introduction of blockchain technology and cryptocurrencies. The use of a mathematical correlation and regression model led to the conclusion that the growth of R&D funding in South Asian countries has a positive effect on the development of their economies.

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