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What is Carbon-Neutral

Chapter 11
Exploring Global FinTech Advancement and Applications
Balance between emission and absorption of carbon in the atmosphere.
Published in Chapter:
Sustainable Finance Strategies in the Formula 1 Industry: A Fintech Perspective
Jay Ramesh Israni (University Canada West, Canada), Giovana Castanho (University Canada West, Canada), and Hamed Taherdoost (University Canada West, Canada)
Copyright: © 2024 |Pages: 15
DOI: 10.4018/979-8-3693-1561-3.ch011
Abstract
This chapter explores the integration of sustainable finance mechanisms, such as green bonds and impact investments, within the Formula 1 as a strategic approach to facilitate the realization of its goal to become a carbon-neutral sport by 2030. In the context of a rapidly evolving global landscape characterized by heightened environmental consciousness and sustainable finance paradigms, this study investigates how Formula 1, a high-profile motorsport, can leverage innovative financial tools to drive meaningful environmental change while ensuring its long-term growth and relevance. This research delineates a pathway for harnessing sustainable financial mechanisms to support and advance the sport's sustainability agenda.
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