Addressing governance challenges of digitalisation and sustainability: The case of central bank digital currency
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 ce...
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sg-smu-ink.sol_research-64922024-11-01T05:50:13Z Addressing governance challenges of digitalisation and sustainability: The case of central bank digital currency WANG, Heng 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. 2024-10-01T07:00:00Z text application/pdf https://ink.library.smu.edu.sg/sol_research/4534 info:doi/10.1111/reel.12571 https://ink.library.smu.edu.sg/context/sol_research/article/6492/viewcontent/Heng_WANG_Addressing_governance_challenges_of_digitalisation_and_sustainability_2024.pdf http://creativecommons.org/licenses/by/4.0/ Research Collection Yong Pung How School Of Law eng Institutional Knowledge at Singapore Management University Banking and Finance Law Environmental Law Sustainability |
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Banking and Finance Law Environmental Law Sustainability WANG, Heng Addressing governance challenges of digitalisation and sustainability: The case of central bank digital currency |
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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. |
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WANG, Heng |
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WANG, Heng |
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WANG, Heng |
title |
Addressing governance challenges of digitalisation and sustainability: The case of central bank digital currency |
title_short |
Addressing governance challenges of digitalisation and sustainability: The case of central bank digital currency |
title_full |
Addressing governance challenges of digitalisation and sustainability: The case of central bank digital currency |
title_fullStr |
Addressing governance challenges of digitalisation and sustainability: The case of central bank digital currency |
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Addressing governance challenges of digitalisation and sustainability: The case of central bank digital currency |
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addressing governance challenges of digitalisation and sustainability: the case of central bank digital currency |
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Institutional Knowledge at Singapore Management University |
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2024 |
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https://ink.library.smu.edu.sg/sol_research/4534 https://ink.library.smu.edu.sg/context/sol_research/article/6492/viewcontent/Heng_WANG_Addressing_governance_challenges_of_digitalisation_and_sustainability_2024.pdf |
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