Publication Type

Journal Article

Version

publishedVersion

Publication Date

10-2024

Abstract

Digitalisation and environmental sustainability are widely discussed topics. However, their nexus remains underexplored and can pose significant challenges for governments and industries alike. The environmental implications of digitalisation are becoming increasingly pertinent with the advent of central bank digital currencies (CBDCs) and their inherent energy consumption and production of e-waste. On the other hand, digitalisation could potentially support sustainability efforts. This begs the question of how systems of governance, such as regulatory frameworks and internal organisational governance, should harmonise digitalisation and sustainability goals. Such harmonisation entails ensuring that digitalisation processes are environmentally responsible while exploring how the application and features of digitalisation can help achieve environmental goals. By drawing insights from the case study of CBDCs, this article will utilise the paradigm of adaptive governance to seek potential solutions to the environmental implications of digitalisation.

Discipline

Banking and Finance Law | Environmental Law | Sustainability

Research Areas

Public International Law, Regional and Trade Law

Areas of Excellence

Sustainability

Publication

Review of European, Comparative & International Environmental Law

First Page

1

Last Page

15

ISSN

2050-0386

Identifier

10.1111/reel.12571

Publisher

Wiley

Embargo Period

10-27-2024

Copyright Owner and License

Author

Creative Commons License

Creative Commons Attribution 4.0 International License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Additional URL

https://doi.org/10.1111/reel.12571

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