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