Volz, Ulrich (2019) 'Fostering Green Finance for Sustainable Development in Asia.' In: Volz, Ulrich, Morgan, Peter J. and Yoshino, Naoyuki, (eds.), Routledge Handbook of Banking and Finance in Asia. London and New York: Routledge, pp. 488-504. (Routledge handbooks)
Abstract
To place the Asian economies onto a sustainable development pathway requires an unprecedented shift in investment away from greenhouse gas, fossil fuel and natural resource intensive industries toward more resource efficient technologies and business models. The financial sector will have to play a central role in this green transformation. Green finance is defined as comprising “all forms of investment or lending that consider environmental effect and enhance environmental sustainability” (Volz et al. 2015: 2). Important aspects of green finance are sustainable investment and banking, where investment and lending decisions are taken based on environmental screening and risk assessment to meet sustainability standards, as well as insurance services that cover environmental and climate risk.
| Item Type: | Book Chapters |
|---|---|
| SOAS Departments & Centres: | Regional Centres and Institutes > Centre of South East Asian Studies Regional Centres and Institutes > SOAS Japan Research Centre Regional Centres and Institutes > SOAS China Institute Departments and Subunits > Department of Economics |
| ISBN: | 9781138685406 |
| DOI (Digital Object Identifier): | https://doi.org/10.4324/9781315543222-27 |
| Date Deposited: | 20 Apr 2020 10:34 |
| URI: | https://eprints.soas.ac.uk/id/eprint/32604 |
| Related URLs: |
https://www.rou ... k/9781138685406
(Publisher URL)
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