Transition Finance and Markets
Deborah Cotton2020, ACRN journal of finance and risk perspectives
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Transition Finance
OECD development co-operation working papers, 2019
Section 1 introduces the concepts of transition and transition finance, the main thrust of this paper, with a focus on external finance in particular from the perspective of the DAC. Section 2 raises the question of what happens with financing for sustainable development when countries transition. Building on the holistic approach to FSD that has been promoted, among others, by the Addis Ababa Action Agenda and the recent Global Outlook on Financing for Sustainable Development (OECD, 2018[1]), this section develops a methodology to assess the relative weight and role of different sources of external finance as countries transition. It observes major trends (what happens with each source as the country becomes richer) and dynamics (how do different sources interact and substitute with each other) that allows for the identification of expected finance mixes at different stages of transition.
Sustainability transition needs sustainable finance
Copernican Journal of Finance & Accounting, 2016
Transition is a term used to describe conversion (evolution) from the existing model of economy and finance towards one based on increased social and environmental responsibility. The purpose of this study is to emphasise the role of sustainable finance in the sustainability transition process. The main thesis can be expressed as follows: the role of finance is changing from the dominant view rooted in neoclassical economic theory (to maximize profits, and shareholder wealth) towards one supporting sustainable development, green economy, low carbon economy also adaptation and mitigation of climate change. The article uses the multilevel perspective created by F.W. Geels effective in the analysis of the sustainability transition. Results of analysis: There is evidence that the old regime of finance destabilizes. Finances are slowly responding to new demand in sustainable economy to align with it.
Green Finance and Investment Mobilising Bond Markets for a Low‑Carbon Transition
This work is published under the responsibility of the Secretary-General of the OECD. The opinions expressed and arguments employed herein do not necessarily reflect the official views of OECD member countries. This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. ISBN 978-92-64-27231-6 (print) ISBN 978-92-64-27232-3 (PDF) Series: Green Finance and Investment ISSN 2409-0336 (print) ISSN 2409-0344 (online) Photo credits: Cover © mika48/Shutterstock.com.
Sustainable Financing Mechanism for Sustainable Financing Mechanism for Sustainable Financing Mechanism for
Protected areas are cornerstones of virtually all national and international conservation strategies used aside to maintain functioning natural ecosystems. They act as refuge for species and to maintain ecological processes that cannot survive in most intensely managed landscapes and seascapes. They provide significant economic benefits to surrounding communities and contribute to spiritual, mental and physical wellbeing. Harmonized existence of human race on earth hinges on sustained and extended operations of PAs. One of the basic pre-requisites for sustained operations of PAs is to have adequate and sustained financing. In these pursuits, a need to explore innovative sources of financing as conventional sources of funding to supplement the prevalent inadequacy of PA financing was imperative and the present study was one of the initiatives. Literature review, group discussions, informal meetings and consultations, field visit and observations were organized to collect data and inf...
Climate Change and Sustainability: The Role of Finance in Driving the Transition to a Greener Future
Shanlax International Journal of Management
One of the most important issues confronting mankind in the twenty-first century is climate change. These days, more people are aware of global warming and its negative effects on human existence. Change is thus necessary for survival, and ongoing efforts should be undertaken to manage the environment in a sustainable way. The necessity for quick action has increased as the effects of global warming become more obvious. The role of finance in addressing climate change goes beyond mere funding; it serves as a catalyst for sustainable development, driving innovation, incentivizing low-carbon investments, and reshaping the global economy towards a more resilient and low-carbon future. This paper highlights the pivotal role of finance in addressing climate change and highlights the transformative potential it holds for a sustainable future.
Great Green Transition and Finance
Intereconomics, 2020
European governments are struggling to regain economic strength in the coronavirus pandemic as in many countries the number of new infections seems to gradually subside. Growth rates deep in the red call for a reconstruction programme when the crisis is finally manageable and economic activity can resume. Amidst this, there are again influential groups that claim “this is not the time to insist on strict climate protection goals”. On the contrary, the ongoing COVID-19 crisis has clearly illustrated what climate disasters, often occurring locally, could do to the life of citizens. The reconstruction programme needs to initiate the great green transition. The transformation from a climate-distorting to a climate-protecting economy opens up investment opportunities and points to financing needs comparable with those necessary for the rebuilding of the European economy after World War II. The great green transition is a unique chance to pursue policies for a new and sustainable growth r...
Welcome to Green Finance: A new open access journal for sustainable research professionals
Green Finance
Environmental degradation and climate change exacerbate the challenges humanity faces. Coping with climate change, controlling environmental pollution and promoting harmonious coexistence between man and nature have become the core issues of sustainable development of the global economy and society. The Sustainable Development Goals and the Paris Agreement on Climate Change indicate a fundamental reorganization of both the financial system and the economy it serves and also imply an intensive study of the current economic and financial development model of every country. Hence, aligning finance with sustainability is subject to much research, experimentation and practice. Green Finance (GF) is an international, interdisciplinary Open Access journal devoted to publishing peer-reviewed, high quality original papers in the field of green finance, environment, and sustainability research and practice. Green Finance interprets low-carbon topics from an economic perspective, and conducts quantitative research on green finance through carbon finance, carbon information disclosure and other aspects, so as to achieve win-win between economic value and social value. GF dedicates to providing speedy review to accelerate publication process. GF will focus primarily on original research articles, but will also publish reviews, editorials, letters, and conference reports. Green Finance builds a much-needed platform for publishing original contributions and comprehensive technical review articles with a scope that spans all areas of green finance, green economics, and environmental and sustainable issues. A particular emphasis is placed on three aspects:
A case study for sustainable development action using financial gradients
Energy Policy, 2012
Energy access is critical for sustainable development and therefore financing energy access is a necessity. The key is whether to focus on grants or public finance for sustainable development projects or move to a more diffused financing mechanism, involving investment grade financing sources like debt and equity. In other words, financing sustainable development action via grants is becoming a constraint. To address this constraint, it is important to consider the relationship between the nature and sources of financial flows. The concept of 'financial gradients' emerged while analysing the financial and business strategy developed for Lighting a Billion Lives (LaBL) campaign. This paper espouses the idea of 'financial gradients' which is a potential financial mechanism for sustainable development action. Financial gradients, can contribute in three different ways-first, as an approach to analyse financial flows in projects; second, as a tool to generate a single, long term and stable inflow of finance; third, as a financial mechanism to help in creating long term strategies to sustain projects. This paper will concentrate on financial gradients as a potential approach to analyse financial flows in a sustainable development programme.
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