The Application of Financial Technology in Carbon Finance

Abstract

With the rapid development of the economy, the pollution of the environment in various countries is also increasing, and the concept of carbon finance is gradually emerging. Fintech has gradually entered people's vision, and how to use Fintech to help the realization of carbon finance has become a research issue for some scholars. Existing research mainly focuses on a specific application and lacks a literature review. By summarising the literature on fintech and carbon finance, this paper outlines several currently common applications. It mainly covers the application of blockchain in carbon finance, such as using the tamper-proof nature of blockchain to make the carbon credit trading process more transparent, and using the contract layer of blockchain-smart contracts to prevent the accumulation of carbon credits by adding smart contracts into the trading process of carbon credits, etc. This paper concludes the application of big data and cloud computing in carbon finance, such as using big Data and cloud computing technology to analyze massive data, as a way to reduce the risk of carbon trading, etc. The research puts forward a certain degree of recommendations on the application of financial technology in carbon finance.