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Green financing: Challenges and opportunities in the transition to a clean and climate-resilient economy

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  • OECD

Abstract

Greening the economy involves improving the quality of the environment and tackling climate change, and is a major policy, economic and financial challenge. Key issues that have emerged in this context relate to financing climate change mitigation and adaptation and how to close the financing gap to fund the needed low-carbon investments. Beyond such capital mobilisation there is the more general challenge of whether and how the financial system can enable capital reallocation consistent with the “green” transition and for the long run, and what risks, opportunities and incentives are involved. This article provides a brief overview and summarises an OECD roundtable discussion on these issues. JEL classification: Q54, E10, E44, G12, G14, G21, G22, G23, G28. Keywords: Climate change, low carbon, climate finance, green finance, investment, capital allocation, financial system, disclosure, stranded assets, risks, COP21.

Suggested Citation

  • Oecd, 2017. "Green financing: Challenges and opportunities in the transition to a clean and climate-resilient economy," OECD Journal: Financial Market Trends, OECD Publishing, vol. 2016(2), pages 63-78.
    • Handle: RePEc:oec:dafkad:5jg0097l3qhl
    DOI: 10.1787/fmt-2016-5jg0097l3qhl
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    Cited by:

    1. Claire Bright & Karin Buhmann, 2021. "Risk-Based Due Diligence, Climate Change, Human Rights and the Just Transition," Sustainability, MDPI, vol. 13(18), pages 1-18, September.

    More about this item

    Keywords

    climate change; low carbon; climate finance; green finance; investment; capital allocation; financial system; disclosure; stranded assets; risks; cop21.;
    All these keywords.

    JEL classification:

    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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