A Theoretical Framework of the Influence of Fear of Missing Out (FOMO) in Climate FinTech Adoption
in: World Sustainability Series, Springer International Publishing Ag, pp.23-35, 2026
- Publication Type: Book Chapter / Chapter Research Book
- Publication Date: 2026
- Doi Number: 10.1007/978-3-032-19076-5_2
- Publisher: Springer International Publishing Ag
- Page Numbers: pp.23-35
- Keywords: Anticipated regret, Climate fintech, Counterfactual thinking, Fear of missing out, Social comparison
- Azerbaijan State University of Economics (UNEC) Affiliated: Yes
Abstract
With people’s increasing awareness regarding the vital importance of climate change on ecosystems, the financial sector has begun to implement more robust regulations and mitigation measures to enable its transition toward a greener and more sustainable economy. This has led to the rise of climate fintech. Climate fintech represents the use of new digital technologies and solutions, such as facial recognition payment systems (FRPS), AI-driven real-time ESG monitoring, and Distributed Ledger Technology (DLT) for Carbon Credit Verification (MRV), to address urgent climate change issues, foster sustainable practices, and facilitate the industry’s shift towards a low-carbon economy. Moreover, cognitive biases have not been sufficiently explored and are largely overlooked in technology adoption studies, while this chapter aims to analyze the impact of the cognitive bias known as Fear of Missing Out (FOMO) on user acceptance of climate fintech. The theoretical approach emphasizes the substantial impact of FOMO factors on users’ propensity to accept climate fintech, hence presenting essential ramifications for the ecosystem.