published on Asia Pathways February 3, 2015
To achieve a green transformation, large investments will be needed in renewable energy generation, energy efficiency, smart transportation networks, and many other areas that will help the shift toward sustainable patterns of production and consumption. Public finance alone will certainly not suffice to make this change. Even though public finance will be crucial in supporting the green transformation, a large chunk of the necessary financial resources must come from private investors. And the financial sector will have to play a key role in allocating green finance for sustainable investment and development.