China’s Green Revolution - Can Fintech & Green Digital Finance Empower Sustainable Development in a Coal-Reliant Economy

Financial technologies and digital finance emerge as new elements to support countries in their quest for green transformation and sustainable economic models. The green revolution is a complex process supported by policies and reforms that achieve a well-grounded institutional, financial, and economic framework. This chapter focuses on analysing China’s green revolution and the importance of prioritising technologies within the financial ecosystem to achieve energy and environmental sustainability. In particular, the country’s financial system, the innovations associated with the fintech sector, green digital finance, and particularly Beijing’s financial incentives through its state-dominated banking sector are critical to driving China’s green revolution.