International Journal of Advanced Multidisciplinary Research and Studies
Volume 4, Issue 6, 2024
Integrating Financial Solutions with Clean Energy Technologies: The Role of Analytics in Scaling Energy Practices for SMEs
Author(s): Ezinne C Chukwuma-Eke, Verlinda Attipoe, Comfort Iyabode Lawal, Solomon Christopher Friday, Ngozi Joan Isibor, Abiola Oyeronke Akintobi
DOI: https://doi.org/10.62225/2583049X.2024.4.6.4173
Abstract:
This paper explores the integration of financial solutions with clean energy technologies, with a particular focus on the role of data analytics in scaling energy practices for Small and Medium Enterprises (SMEs). As the global transition to clean energy accelerates, SMEs face significant barriers in accessing capital and adopting sustainable energy technologies. The paper examines the critical role that financial instruments, such as green bonds, sustainability-linked loans, and venture capital, can play in facilitating clean energy adoption among SMEs. Additionally, the study highlights the growing importance of data analytics in optimizing energy consumption and operational efficiency, enabling SMEs to reduce costs and improve energy management. By integrating data-driven insights into financial decision-making, SMEs can demonstrate the viability of their clean energy investments, thus attracting more financing. The paper also addresses the challenges SMEs encounter when trying to integrate these financial models and technologies, such as regulatory hurdles, access to capital, and technological constraints. Finally, it discusses the policy and regulatory support needed to foster an enabling environment for clean energy investments in SMEs. The paper concludes by providing actionable recommendations for SMEs, financial institutions, and policymakers, as well as suggesting future research directions to enhance the integration of financial solutions and clean energy technologies.
Keywords: Data Analytics, Clean Energy Technologies, Financial Solutions, SMEs, Green Bonds, Sustainability-linked Loans
Pages: 1905-1912
Download Full Article: Click Here