Green finance across the universe

Berensmann, Kathrin / Nannette Lindenberg
Externe Publikationen (2019)

in: Sabri Boubaker / Duc Nguyen (eds.), Corporate social responsibility, ethics and sustainable prosperity, London: World Scientific Publ., 331-358 (forthcoming)

ISBN: ISBN: 978-981-120-687-0
Information

To support the global economy’s transition to sustainability we need to develop an alternative to traditional financing — “green finance”. Green finance includes a number of financial asset classes and institutions, both public and private, the foremost of which are green banking, green debt markets, and green structured funds. The main actors driving the greening of the financial system are institutional investors, international financial institutions, regulatory authorities, and central banks. However, the amount of green finance is limited because of a number of challenges, both microeconomic and macroeconomic. These challenges should be addressed by designing an enabling environment that facilitates green finance. Greenwashing can only be prevented by means of a transparent definition of green financing. Voluntary principles and guidelines for green finance should be established and monitored for all asset classes: bank credits, bonds, and secured assets for institutional investors. These measures should be supported by all financial system actors.

About the author

Berensmann

Further experts

Chan, Sander

Enviroment Policy 

Kuhn, Sascha

Social Psychologist 

Malerba, Daniele

Economist 

Mathis, Okka Lou

Political Scientist 

Keil, Jonas

Ökonom 

Fuhrmann, Hanna

Economist 

Yu, Lu

Agricultural Economist 

Aleksandrova, Mariya

Climate risk governance 

Grabert, Margarita

Environmental Economics 

Altenburg, Tilman

Economic Geographer 

Bauer, Steffen

Political scientist 

Brandi, Clara

Economist and Political Scientist 

Iacobuta, Gabriela

Environmental Researcher 

Münch, Florian

Economist 

Never, Babette

Political Scientist 

Pegels, Anna

Economist 

Siebert, Jan

Economist