What is the scale of development of online green finance, online green micropayments, online green crowdfunding, green equity crowdfunding?
Have any of you conducted research on these issues? If so, please provide a link to publications and/or results of research conducted in this issue.
In recent years, crowdfunding of various cultural, social, charitable but also economic ventures has been developing on the Internet as an alternative to the classical forms of external financing offered by financial institutions. As part of the crowdfunding of new economic ventures available via the Internet, including new investments by commercially operating companies and enterprises, equity crowdfunding is also developing. This type of external financing of new business ventures is used by innovative startups, for which it is not easy to obtain financing such as loans from banks. In connection with the ongoing trends of pro-climate, pro-environmental, green transformation of the economy, including the green transformation of the energy sector, more and more new business ventures fit into these new trends, typical of the green economy. In recent years and at present, the scale and importance of urgently and efficiently carrying out the pro-environmental and pro-climate transformation of the classic growth, brown, linear economy of excess to a sustainable, green, zero-carbon zero-growth and closed-cycle economy is growing. The urgent and smooth implementation of the aforementioned green transformation of the economy is aimed at slowing down the progressive process of global warming and counteracting its negative effects. More and more companies and enterprises are adding to their missions and development strategies the issue of green business transformation, pro-climate corporate responsibility, green business ethics, implementation of new green technologies, eco-innovation, realization of sustainable development goals, creation of their own renewable and emission-free energy sources to power their production processes and/or offer services, etc. New innovative green economic projects need external financing, which, despite the over-liquidity in commercial banks, is not easy to obtain in a situation of high levels of investment risks and bank lending policies in which the issue of green lending is not prioritized. Still, in many commercial banks, green loans do not account for a significant share of the bank's overall loan portfolio. This may change in the future. Many scientific and research institutions indicate the need to increase the scale of financing of pro-environmental, pro-climate, green business ventures by financial institutions. For example, the UN Climate Summit COP27 in Sharm el-Sheikh, Egypt, also points to these issues. On the other hand, today, still many innovative startups that plan to implement and develop new green technologies and eco-innovations into their business activities and participate in the green transformation of the economy can more easily obtain financing for their activities from startup investment funds and crowdfunding available on the Internet instead of bank loans. When funds raised from online crowdfunding, including equity crowdfunding, are used to implement pro-environmental, pro-climate, green economic ventures then we are dealing with green crowdfunding.
In view of the above, I address the following question to the esteemed community of researchers and scientists:
What is the scale of development of online green finance, online green micropayments, green crowdfunding on the Internet, green equity crowdfunding?
Please answer,
I invite everyone to join the discussion,
Thank you very much,
Best wishes,
Dariusz Prokopowicz
To my knowledge, it is very small and still an emerging market, but has a good future considering the concern and interest of people to make a difference.
Dear Cardinal,
Your quest to explore the "Green" area sounds very exciting. I'd be glad to see your study outcome on "What is the scale of development of online green finance, online green micropayments, green crowdfunding on the Internet, and green equity crowdfunding?".
I'd be more interested to see the outcomes after removing the term 'online' from your proposed research question as it is understood, generally.
I am also hopeful that you'd like to refer to an RFS paper on Climate Finance by Hong, Karolyi & Scheinkman. You may find the details via the following linkArticle Climate Finance
As I'm also working in green finance, we may continue discussing this further. I wish you the best!
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