Book contents
- Making the Financial System Sustainable
- Making the Financial System Sustainable
- Copyright page
- Contents
- Figures
- Tables
- Boxes
- Contributors
- Foreword
- Preface
- Introduction
- 1 Capitalism Meets Multilateralism
- 2 Public Meets Private
- 3 Central Banking and Climate Change
- 4 Sustainable Finance and Prudential Regulation of Financial Institutions
- 5 Transparency and Accountability Standards for Sustainable and Responsible Investments
- 6 Environmental Risk Analysis by Financial Institutions
- 7 Sustainable Governance and Leadership
- 8 ESG Risks and Opportunities
- 9 Active and Responsible
- 10 Passive-Aggressive or Just Engaged
- 11 Financing a Just Transition
- 12 Sustainable Finance for Citizens
- 13 Individual Impact Investors
- 14 Strengthening Green Finance by Better Integrating the Social Dimensions in the European Union’s Sustainable Finance Laws
- Index
- References
2 - Public Meets Private
Sustainable Finance for a Sustainable Economy
Published online by Cambridge University Press: 30 October 2020
Edited by
Book contents
- Making the Financial System Sustainable
- Making the Financial System Sustainable
- Copyright page
- Contents
- Figures
- Tables
- Boxes
- Contributors
- Foreword
- Preface
- Introduction
- 1 Capitalism Meets Multilateralism
- 2 Public Meets Private
- 3 Central Banking and Climate Change
- 4 Sustainable Finance and Prudential Regulation of Financial Institutions
- 5 Transparency and Accountability Standards for Sustainable and Responsible Investments
- 6 Environmental Risk Analysis by Financial Institutions
- 7 Sustainable Governance and Leadership
- 8 ESG Risks and Opportunities
- 9 Active and Responsible
- 10 Passive-Aggressive or Just Engaged
- 11 Financing a Just Transition
- 12 Sustainable Finance for Citizens
- 13 Individual Impact Investors
- 14 Strengthening Green Finance by Better Integrating the Social Dimensions in the European Union’s Sustainable Finance Laws
- Index
- References
Summary
Mobilising capital for a sustainable economy requires action on two fronts. Current capital allocation must be shifted from an unsustainable pathway to a sustainable one and the investment gap must be filled to ensure that sustainable economy objectives are achieved; this includes fulfilment of the Paris Agreement on Climate Change and the UN Sustainable Development Goals. This chapter focuses on the latter issue: filling the investment gap. Primarily, it focuses on the example of tackling the climate change challenge, although these ideas can be applied to the wider environmental and social agendas too. It discusses how to: understand and articulate investment needs; adapt market arrangements using policy to encourage investment; improve the efficacy with which public finance crowds in private finance; and ensure impact through positive real economy outcomes. Throughout the chapter, real-world examples of the 'policy prescriptions' are offered to turn theory into practice.
Keywords
- Type
- Chapter
- Information
- Making the Financial System Sustainable , pp. 26 - 48Publisher: Cambridge University PressPrint publication year: 2020
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