A Study of Artificial Intelligence and Green Finance: Building A Sustainable Economy

Abstract: Artificial Intelligence (AI) and Green Finance have emerged as two of the most important forces that have the potential to drive the world towards a sustainable economy. The current paper attempts to explore the role of AI and Green Finance in promoting and supporting a sustainable economy with reference to building a Viksit Bharat 2047. A survey was conducted among 160 respondents, with the results analysed using descriptive statistics, reliability analysis, correlation, regression, and an independent-samples t-test. The results demonstrated that the population studied had a generally positive perception about how AI can support Green Finance and lead the economy towards sustainability. The analysis identified strong awareness about AI as the biggest predictor of increased perception of the integration of AI and Green Finance (r = 0.78, p < .001). Additionally, participants who were aware of Green Finance had significantly higher scores for the perceived level of integration than those who were not (t = 2.65, p = .009). As such, there is reason to reject the null hypothesis, which claimed that there is no connection between the two concepts. Finally, the paper provides recommendations that financial institutions, regulators, and educators can consider in order to promote and support responsible and AI-enabled Green Finance.