Impact of fintech and green finance on environmental quality protection in India: By applying the semi-parametric difference-in-differences (SDID)

This research study is one of the significant to offer an inclusive investigation of the impact of green finance correlated policies by applying text analysis approach and panel data from 28 states and 8 union territories between 2010 and 2020. The paper uses the SDID and illustrates that overall, India's green finance associated with policies have directed a substantial decrease in industrial CO(2 )emissions during the study period. Furthermore, the paper determined that the Fintech growth pays to the reduction of SO2 (sulfur dioxide) emissions and positively influences environmental safety and investment enterprises. India is a great competitor worldwide in green finance strategy operation, and controllers need to accelerate the design of green finance products and boost the volume of financial institutions to provide green credit facilities. Though minimalizing the risk fintech stances, policymakers should inspire fintech's to take part in environmental quality protection inventiveness that encourages green consumption actively. (C) 2022 Elsevier Ltd. All rights reserved.