The role of green digital investments in promoting sustainable development goals and green energy consumption
Inese Mavļutova, Aivars Spilbergs, Inna Romānova, Jekaterina Kuzmina, Andris Fomins, Atis Verdenhofs, Andris Nātriņš
Abstract
The study investigates how digitalization in the financial sector, implementing innovative technologies and green finance solutions, leads to achieving sustainable development goals in general and environmental sustainability that promotes the transition to green energy in particular. The study results will increase the knowledge of digital financial technologies, open IC technology innovations and green finance in achieving sustainable development goals (SDGs). The authors examined issues related to digital technologies and green finance and their impact on CO2 emissions and green energy consumption in European countries: an extensive literature review of publications on green finance, technologies, innovation and green energy was carried out. Tested hypotheses revealed a statistically significant impact of green digital finance investments on primary energy consumption from renewable sources increase and the carbon intensity of electricity generation downfall due to digitalization and climate bonds.