Green Fintech Adoption and Renewable Energy Investments on Green Investment Commitments in Indonesia
Hamdan H., Saputri P.L., Wahab W., Mutamimah M., Shabihah K.
Abstract
This study explores the role of green fintech in promoting sustainable investments in Indonesia, with a specific focus on green investment commitments. Using a Moderated Regression Analysis (MRA) approach, the research examines how green fintech adoption interacts with renewable energy investments to influence the overall investment landscape in Indonesia. The study reveals that green fintech adoption has a significant positive effect on green investment commitments. Furthermore, the result in indicate that renewable energy investments contribute positively to green investment growth. Importantly, the moderating effect of renewable energy investments is substantial, as evidenced by the significant interaction term, which amplifies the positive impact of green fintech adoption on sustainable investments. These finding suggest that regulatory support and market development in renewable energy can strengthen the relationship between green fintech adoption and green investment commitments. Policymakers and financial regulators are encouraged to foster green fintech platforms and renewable energy initiatives to further stimulate sustainable investments in Indonesia, contributing to the nation's long-term environmental sustainability and economic resilience.