IDEAS home Printed from https://ideas.repec.org/h/wsi/wschap/9789811206887_0011.html
   My bibliography  Save this book chapter

Green Finance: Across the Universe

In: Corporate Social Responsibility, Ethics and Sustainable Prosperity

Author

Listed:
  • Kathrin Berensmann
  • Nannette Lindenberg

Abstract

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 (IFIs), 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.

Suggested Citation

  • Kathrin Berensmann & Nannette Lindenberg, 2019. "Green Finance: Across the Universe," World Scientific Book Chapters, in: Sabri Boubaker & Duc Khuong Nguyen (ed.), Corporate Social Responsibility, Ethics and Sustainable Prosperity, chapter 11, pages 305-332, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811206887_0011
    as

    Download full text from publisher

    File URL: https://www.worldscientific.com/doi/pdf/10.1142/9789811206887_0011
    Download Restriction: Ebook Access is available upon purchase.
    File URL: https://www.worldscientific.com/doi/abs/10.1142/9789811206887_0011
    Download Restriction: Ebook Access is available upon purchase.
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jawadi, Fredj & Pondie, Thierry M. & Cheffou, Abdoulkarim Idi, 2025. "New challenges for green finance and sustainable industrialization in developing countries: A panel data analysis," Energy Economics, Elsevier, vol. 142(C).
    2. Ali, Adnan & Faisal, Faisal & Zhakanova Isiksal, Aliya & Maktoumi, Iman Sulaiman Amur AL, 2025. "Do green finance and health expenditures lessen the ecological footprint to ensure sustainable development?," Innovation and Green Development, Elsevier, vol. 4(2).
    3. Ozili, Peterson Kitakogelu, 2022. "Green finance research around the world: a review of literature," MPRA Paper 114899, University Library of Munich, Germany.
    4. Wang, Minxue & Li, Bo & Song, Dongping, 2024. "The impact of blockchain on restricting the misuse of green loans in a capital-constrained supply chain," European Journal of Operational Research, Elsevier, vol. 314(3), pages 980-996.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • G3 - Financial Economics - - Corporate Finance and Governance
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:wschap:9789811206887_0011. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscientific.com/page/worldscibooks .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.