IDEAS home Printed from https://ideas.repec.org/a/eee/teinso/v84y2026ics0160791x25002842.html

FinTech and the green transition: Exploring pathways to ignite innovation for carbon neutrality in global supply chains

Author

Listed:
  • Yalcin, Haydar
  • Demirhan, Dilek
  • Aracioglu, Burcu
  • Daim, Tugrul U.
  • Xing, Zeyu
  • Meissner, Dirk

Abstract

This article comprehensively evaluates the critical role of FinTech in promoting carbon neutrality and green logistics practices in global supply chains. In our study, using bibliometric analysis, social network analysis and natural language processing (NLP) methods, we evaluate the potential of FinTech innovations to increase traceability, transparency and efficiency in supply chain processes. In this study, in which we examined the ability of FinTech to finance green investments and low-carbon projects, it was investigated how technologies can develop more effective strategies in projects aimed at carbon neutrality. While the analyses reveal the potential of FinTech to reduce the use of paper and thus the demand for resources by increasing the spread of digital transactions, it also emphasizes that the environmental impacts of increasing energy consumption should be considered. The study highlights the importance of the energy mix that secures FinTech operations and the potential of the renewable energy balance in some countries. Social network analyses have identified countries, institutions and researchers that play central cooperation roles in the field of FinTech and green logistics, providing strategic data on information flow and innovation centers. These analyses show that countries that have adopted the Green Deal such as France, Germany, Italy, Spain and the Netherlands have demonstrated strong cooperation in the fields of energy transformation, sustainable agriculture and clean industry, while important partnerships with major emitters such as China, the USA and India and Turkey's strategic cooperation with EU countries, the USA, Brazil, South Korea and Russia reveal the value of advancing global sustainability. In terms of key findings, it shows that carbon neutrality processes are centered around concepts such as 'Impact' and 'Performance' and that these factors play a key role in determining the success of carbon neutrality in global supply chains. The study provides a roadmap in key areas such as financial strategy, governance, innovation, and cost management, guiding companies to develop strategies that can contribute to reducing global carbon emissions by balancing their environmental responsibilities with economic sustainability. In this context, it is stated that the integration of FinTech into supply chain financing processes can help businesses achieve these goals. This study, which analyzes the role of FinTech in green logistics, highlights innovative solutions and collaboration opportunities in achieving sustainability and carbon neutrality goals in global supply chains, and provides an important basis for future research.

Suggested Citation

  • Yalcin, Haydar & Demirhan, Dilek & Aracioglu, Burcu & Daim, Tugrul U. & Xing, Zeyu & Meissner, Dirk, 2026. "FinTech and the green transition: Exploring pathways to ignite innovation for carbon neutrality in global supply chains," Technology in Society, Elsevier, vol. 84(C).
  • Handle: RePEc:eee:teinso:v:84:y:2026:i:c:s0160791x25002842
    DOI: 10.1016/j.techsoc.2025.103094
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0160791X25002842
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.techsoc.2025.103094?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Raziyeh Reza-Gharehbagh & Ashkan Hafezalkotob & Ahmad Makui & Mohammad Kazem Sayadi, 2022. "Financing green technology development and role of digital platforms: Insourcing vs. outsourcing," Post-Print hal-03697825, HAL.
    2. Sara Saberi & Mahtab Kouhizadeh & Joseph Sarkis & Lejia Shen, 2019. "Blockchain technology and its relationships to sustainable supply chain management," International Journal of Production Research, Taylor & Francis Journals, vol. 57(7), pages 2117-2135, April.
    3. Yu, Chin-Hsien & Wu, Xiuqin & Zhang, Dayong & Chen, Shi & Zhao, Jinsong, 2021. "Demand for green finance: Resolving financing constraints on green innovation in China," Energy Policy, Elsevier, vol. 153(C).
    4. Dinga, Christian Doh & Wen, Zongguo, 2022. "China's green deal: Can China's cement industry achieve carbon neutral emissions by 2060?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 155(C).
    5. Fan, Xiaoming, 2024. "Fintech platforms and information service quality from the perspective of investor cognition," Technology in Society, Elsevier, vol. 77(C).
    6. Beretta, Valentina & Cotta Ramusino, Enrico & Demartini, Maria Chiara & Bagna, Emanuel, 2025. "Exploring the intersection of sustainability performance and M&A activity: A review of the literature," International Review of Financial Analysis, Elsevier, vol. 105(C).
    7. Susan, Enyang Besong & Pan, Yanchun, 2024. "Trust as a determinant of green finance through information sharing and technological penetration: Integrating the moderation of governance for sustainable growth," Technology in Society, Elsevier, vol. 77(C).
    8. Laurence Saglietto & Cécile Cézanne & Delphine David, 2020. "Research On Structural Holes: An Assessment On Measurement Issues," Journal of Economic Surveys, Wiley Blackwell, vol. 34(3), pages 572-593, July.
    9. Chen, Anqi & Lian, Zihan & Zhang, Zhida, 2025. "Do institutional investors’ site visits promote firm productivity? Evidence from China," Finance Research Letters, Elsevier, vol. 85(PD).
    10. Zhou, Guangyou & Zhu, Jieyu & Luo, Sumei, 2022. "The impact of fintech innovation on green growth in China: Mediating effect of green finance," Ecological Economics, Elsevier, vol. 193(C).
    11. Tze-Haw Chan & Abdul Saqib & Agustin Isnaini Nuzula, 2024. "Assessing the Carbon Footprints of Income Growth, Green Finance, Institutional Quality and Renewable Energy Consumption in Emerging Asian Economies," Capital Markets Review, Malaysian Finance Association, vol. 32(1), pages 1-27.
    12. Yalcin, Haydar & Daim, Tugrul U., 2022. "Logistics, supply chain management and technology research: An analysis on the axis of technology mining," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 168(C).
    13. Jason Hickel & Giorgos Kallis, 2020. "Is Green Growth Possible?," New Political Economy, Taylor & Francis Journals, vol. 25(4), pages 469-486, June.
    14. Qian, Shuitu & Yu, Wenzhe, 2024. "Green finance and environmental, social, and governance performance," International Review of Economics & Finance, Elsevier, vol. 89(PA), pages 1185-1202.
    15. He, Wei & Zhang, Yujiao & Wang, Mingshan, 2024. "Fintech, supply chain concentration and enterprise digitization: Evidence from chinese manufacturing listed companies," Finance Research Letters, Elsevier, vol. 59(C).
    16. Haydar Yalcin & Tugrul Daim, 2021. "Mining research and invention activity for innovation trends: case of blockchain technology," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(5), pages 3775-3806, May.
    17. Tiwari, Sunil & Cheong, Calvin W.H. & See Mey, Loy & Saji, T.G., 2024. "Does fintech really matter for energy, economy and environment? From the lenses of SDG-7, SDG-8, SDG-13, COP27 and COP28," Resources Policy, Elsevier, vol. 98(C).
    18. Smol, Marzena, 2022. "Is the green deal a global strategy? Revision of the green deal definitions, strategies and importance in post-COVID recovery plans in various regions of the world," Energy Policy, Elsevier, vol. 169(C).
    19. Hui Yang & Soundar Kumara & Satish T.S. Bukkapatnam & Fugee Tsung, 2019. "The internet of things for smart manufacturing: A review," IISE Transactions, Taylor & Francis Journals, vol. 51(11), pages 1190-1216, November.
    20. Lee, Chien-Chiang & Xuan, Chengnan & Wang, Fuhao & Wang, Keying, 2024. "Path analysis of green finance on energy transition under climate change," Energy Economics, Elsevier, vol. 139(C).
    21. Yadav, Sanjeev & Samadhiya, Ashutosh & Kumar, Anil & Luthra, Sunil & Pandey, Krishan Kumar, 2024. "Nexus between fintech, green finance and natural resources management: Transition of BRICS nation industries from resource curse to resource blessed sustainable economies," Resources Policy, Elsevier, vol. 91(C).
    22. Tokutaro Nakai, 2024. "Japan’s triple sustainability challenge," Asia Pacific Business Review, Taylor & Francis Journals, vol. 30(3), pages 499-513, May.
    23. Choi, Yunwoo & Han, Sangpil & Lee, Changjun, 2024. "Exploring drivers of fintech adoption among elderly consumers," Technology in Society, Elsevier, vol. 78(C).
    24. Adugna, Hailu, 2024. "Fintech dividend: How would digital financial services impact income inequality across countries?," Technology in Society, Elsevier, vol. 77(C).
    25. Wu, Fei & Hu, Yan & Shen, Me, 2024. "The color of FinTech: FinTech and corporate green transformation in China," International Review of Financial Analysis, Elsevier, vol. 94(C).
    26. Zaheer Allam & Ayyoob Sharifi & Damien Giurco & Samantha Sharpe, 2022. "Green new deals could be the answer to COP26’s deep decarbonisation needs," Post-Print hal-03997478, HAL.
    27. Lee, Chi-Chuan & Lee, Chien-Chiang, 2022. "How does green finance affect green total factor productivity? Evidence from China," Energy Economics, Elsevier, vol. 107(C).
    28. Hoje Jo & Hakkon Kim & Kwangwoo Park, 2015. "Corporate Environmental Responsibility and Firm Performance in the Financial Services Sector," Journal of Business Ethics, Springer, vol. 131(2), pages 257-284, October.
    29. Fan, Haichao & Peng, Yuchao & Wang, Huanhuan & Xu, Zhiwei, 2021. "Greening through finance?," Journal of Development Economics, Elsevier, vol. 152(C).
    30. Reza-Gharehbagh, Raziyeh & Hafezalkotob, Ashkan & Makui, Ahmad & Sayadi, Mohammad Kazem, 2022. "Financing green technology development and role of digital platforms: Insourcing vs. outsourcing," Technology in Society, Elsevier, vol. 69(C).
    31. Tao, Ran & Su, Chi-Wei & Naqvi, Bushra & Rizvi, Syed Kumail Abbas, 2022. "Can Fintech development pave the way for a transition towards low-carbon economy: A global perspective," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
    32. Zhou, Qi & Ni, Jiajun & Yang, Cunyi, 2025. "Climate transition risk and industry returns: The impact of green innovation and carbon market uncertainty," Technological Forecasting and Social Change, Elsevier, vol. 214(C).
    33. Lee, Chi-Chuan & Li, Xinrui & Yu, Chin-Hsien & Zhao, Jinsong, 2021. "Does fintech innovation improve bank efficiency? Evidence from China’s banking industry," International Review of Economics & Finance, Elsevier, vol. 74(C), pages 468-483.
    34. Chang'an Wang & Long Wang & Shikuan Zhao & Cunyi Yang & Khaldoon Albitar, 2024. "The impact of Fintech on corporate carbon emissions: Towards green and sustainable development," Business Strategy and the Environment, Wiley Blackwell, vol. 33(6), pages 5776-5796, September.
    35. Dikau, Simon & Volz, Ulrich, 2021. "Central bank mandates, sustainability objectives and the promotion of green finance," Ecological Economics, Elsevier, vol. 184(C).
    36. Wang, Quan-Jing & Wang, Hai-Jie & Chang, Chun-Ping, 2022. "Environmental performance, green finance and green innovation: What's the long-run relationships among variables?," Energy Economics, Elsevier, vol. 110(C).
    37. Huang, Junbing & He, Wanrui & Dong, Xinwei & Wang, Qiuhan & Wu, Jun, 2024. "How does green finance reduce China's carbon emissions by fostering green technology innovation?," Energy, Elsevier, vol. 298(C).
    38. Irfan, Muhammad & Razzaq, Asif & Sharif, Arshian & Yang, Xiaodong, 2022. "Influence mechanism between green finance and green innovation: Exploring regional policy intervention effects in China," Technological Forecasting and Social Change, Elsevier, vol. 182(C).
    39. Li Ma & Jiazhu Li & Louis T. W. Cheng & Jerry Cao, 2025. "The role of independent directors in mitigating corporate greenwashing: evidence from board voting in China," The European Journal of Finance, Taylor & Francis Journals, vol. 31(11), pages 1405-1425, July.
    40. Soni, Gunjan & Kumar, Satish & Mahto, Raj V. & Mangla, Sachin K. & Mittal, M.L. & Lim, Weng Marc, 2022. "A decision-making framework for Industry 4.0 technology implementation: The case of FinTech and sustainable supply chain finance for SMEs," Technological Forecasting and Social Change, Elsevier, vol. 180(C).
    41. Huang, Yunying & Zhou, Qi & Yang, Cunyi & Albitar, Khaldoon, 2025. "The relationship between FinTech and energy markets in China," Technological Forecasting and Social Change, Elsevier, vol. 217(C).
    42. Yanwei Lyu & Yangyang Bai & Jinning Zhang, 2024. "Green finance policy and enterprise green development: Evidence from China," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(1), pages 414-432, January.
    43. Alharbi, Samar S. & Al Mamun, Md & Boubaker, Sabri & Rizvi, Syed Kumail Abbas, 2023. "Green finance and renewable energy: A worldwide evidence," Energy Economics, Elsevier, vol. 118(C).
    44. Raziyeh Reza-Gharehbagh & Sobhan Arisian & Ashkan Hafezalkotob & Ahmad Makui, 2023. "Sustainable supply chain finance through digital platforms: a pathway to green entrepreneurship," Annals of Operations Research, Springer, vol. 331(1), pages 285-319, December.
    45. Wu, Haitao & Hao, Yu & Ren, Siyu & Yang, Xiaodong & Xie, Guo, 2021. "Does internet development improve green total factor energy efficiency? Evidence from China," Energy Policy, Elsevier, vol. 153(C).
    46. Luo, Sumei & Sun, Yongkun & Yang, Fan & Zhou, Guangyou, 2022. "Does fintech innovation promote enterprise transformation? Evidence from China," Technology in Society, Elsevier, vol. 68(C).
    47. Zhe, Dong & Su, Nan & Zhu, Xianglei & Mahmoud, Haitham A. & Akhtar, Tazeem, 2024. "Non-linear relationship between FinTech, natural resources, green innovation and environmental sustainability: Evidence from panel smooth transition regression model," Resources Policy, Elsevier, vol. 91(C).
    48. Lv, Chengchao & Bian, Baocheng & Lee, Chien-Chiang & He, Zhiwen, 2021. "Regional gap and the trend of green finance development in China," Energy Economics, Elsevier, vol. 102(C).
    49. Zhang, Yongji & Bawuerjiang, Reziya & Lu, Meiting & Li, Yiqiong & Wang, Ke, 2024. "Green finance and environmental pollution: Evidence from China," Economic Analysis and Policy, Elsevier, vol. 84(C), pages 98-110.
    50. Bhatnagar, S. & Sharma, D., 2022. "Evolution of green finance and its enablers: A bibliometric analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 162(C).
    51. Lee, Chi-Chuan & Song, Hepeng & An, Jiafu, 2024. "The impact of green finance on energy transition: Does climate risk matter?," Energy Economics, Elsevier, vol. 129(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Awais, Minahil & Afzal, Ayesha & Firdousi, Saba & Hasnaoui, Amir, 2023. "Is fintech the new path to sustainable resource utilisation and economic development?," Resources Policy, Elsevier, vol. 81(C).
    2. Lu, Heyu & Li, Jiayang & Wu, Zongfa & Zeng, Yufeiyang, 2025. "Rethinking energy allocation: Can green finance be the solution? — Evidence from machine learning method," Energy, Elsevier, vol. 332(C).
    3. Wang, Kexin & Ding, Rui & Xiao, Wenqian & Liang, Juan & Hong, Yuxuan & Peng, Lina & Zou, Jian & Jiang, Shuyue, 2025. "A multi-layer network perspective on green finance and clean energy industry synergistic development and mutual reinforcement: Mechanism analysis, correlation effect and enhancement path," Renewable Energy, Elsevier, vol. 240(C).
    4. Tao Shi, 2022. "The Spatiotemporal Evolutionary Trend and Driving Factors of the Coupling Coordinated Development between Regional Green Finance and Ecological Environment," IJERPH, MDPI, vol. 19(10), pages 1-25, May.
    5. Omri, Henda & Jarraya, Bilel & Kahia, Montassar, 2025. "Green finance for achieving environmental sustainability in G7 countries: Effects and transmission channels," Research in International Business and Finance, Elsevier, vol. 74(C).
    6. Li, Songran & Shao, Qinglong, 2022. "Greening the finance for climate mitigation: An ARDL–ECM approach," Renewable Energy, Elsevier, vol. 199(C), pages 1469-1481.
    7. Lin, Tao & Zhang, Ling & Li, Jianglong, 2024. "Coupling and coordinated development of green finance and renewable energy industry in China: Spatiotemporal differentiation and driving factors," Renewable Energy, Elsevier, vol. 235(C).
    8. Peng, Wei & Xiong, Langyu, 2022. "Managing financing costs and fostering green transition: The role of green financial policy in China," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 820-836.
    9. Jie Han & Wei Zhang & Cem Işık & Wenju Zhao & Muhammad Anas & Qinglan Zheng & Danxi Xie & Satar Bakhsh, 2024. "Sustainable development pathways: Exploring the impact of green finance on urban metabolic efficiency," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(6), pages 7226-7245, December.
    10. Zhang, Zhenhua & Deng, Haowen & Yan, Mengxin & Feng, Chao & Sun, Huaping, 2025. "The collaborative effect of green finance policy on pollution and carbon reduction: A quasi-experimental design," International Review of Economics & Finance, Elsevier, vol. 102(C).
    11. Zhao, Xingqi & Jiang, Songyu & Gao, Jie, 2026. "Spatial impacts of green finance reform pilot zones on renewable energy technology innovation: Pathways for accelerating low-altitude economic development," Renewable Energy, Elsevier, vol. 258(C).
    12. Qadri, Hussain Mohi ud Din & Ali, Hassnian & Abideen, Zain ul & Jafar, Ahmad, 2024. "Mapping the Evolution of Green Finance Research and Development in Emerging Green Economies," Resources Policy, Elsevier, vol. 91(C).
    13. Zhang, Wan & Zhang, Yuyao & Mou, Suitao, 2025. "Green finance development on corporate sustainability: Evidence from china," Finance Research Letters, Elsevier, vol. 82(C).
    14. Luo, Shiyue & Lu, Mingyue & Ye, Jinhui & Guo, Yuying & Hao, Yu, 2025. "Nurturing finance and harvesting intelligence: The green growth of urban industrial intelligence fueled by green finance," Research in International Business and Finance, Elsevier, vol. 80(C).
    15. Zhang, Lixia & Sun, Huaping & Pu, Tianlong & Sun, Hui & Chen, Zhenling, 2024. "Do green finance and hi-tech innovation facilitate sustainable development? Evidence from the Yangtze River Economic Belt," Economic Analysis and Policy, Elsevier, vol. 81(C), pages 1430-1442.
    16. Tiwari, Sunil, 2024. "Impact of Fintech on natural resources management: How financial impacts shape the association?," Resources Policy, Elsevier, vol. 90(C).
    17. Li, Yunzhong & Ye, Chengfang & Li, Mingxi & Shum, Wai Yan & Lai, Fujun, 2025. "Regional FinTech development and total factor productivity among firms: Evidence from China," The North American Journal of Economics and Finance, Elsevier, vol. 75(PA).
    18. Zhang, Ge & Guo, Bingnan & Lin, Ji, 2023. "The impact of green finance on enterprise investment and financing," Finance Research Letters, Elsevier, vol. 58(PD).
    19. Qianyi Du & Haoran Pan & Shuang Liang & Xiaoxue Liu, 2023. "Can Green Credit Policies Accelerate the Realization of the Dual Carbon Goal in China? Examination Based on an Endogenous Financial CGE Model," IJERPH, MDPI, vol. 20(5), pages 1-26, March.
    20. Borojo, Dinkneh Gebre & Yushi, Jiang & Gong, Xueting & Zhang, Hongyu & Miao, Miao, 2024. "The heterogeneous impacts of climate finance on energy efficiency and renewable energy production in developing countries," Renewable Energy, Elsevier, vol. 236(C).

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:teinso:v:84:y:2026:i:c:s0160791x25002842. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.journals.elsevier.com/technology-in-society .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.