An Analysis Framework to Study the Effects of Green Finance on Sustainable Smart Cities

Despite the fact that many countries around the world have adopted green growth as their strategy for economic development and those studies have investigated the factors that influence green growth from a variety of perspectives in sustainable smart cities, there is a paucity of literature that focuses on the impact that fintech and green finance have on green growth. This study attempts to design a complete index to assess the green growth of regional economies from the point of view of the development of fintech. The index will be based on an in-depth examination of the effect mechanism that green finance has on green growth. Additional study reveals that innovations in fintech mostly foster green economic development by means of green lending and green investment. As a result, advancements in fintech have the potential to foster green productivity expansion by elevating the development degree of green finance. This is a field that has a great deal of reference importance for most nations. The development of financial technology has the opposite effect on the building of sustainable smart cities. This is mostly because both the development and commoditization of fintech need more resources, and these resources also come at a greater price.