Finanza sostenibile e sistema di finanza pubblica sostenibile

Sustainable finance and sustainable public finance system

Daniele Schiliro'

MPRA Paper from University Library of Munich, Germany

Abstract: This contribution first examined the topic of finance that takes ESG factors into consideration. It highlights that the main objective of sustainable finance is to direct investments towards more sustainable technologies and businesses. Another important goal is to better manage risks, such as those related to climate change, resource depletion, social problems and governance failures. Finally, we highlight the importance of "impact investing" which represents the new frontier of ethical and sustainable finance. The second theme of this contribution concerns public finance systems for the difficult implementation of the complex ESG objectives. The need for a partnership between the public sector and the private financial sector and greater attention to ecological issues by the financial system are highlighted. Sustainable finance, however, also implies a change in the economic paradigm which must move away from a neoclassical approach and towards theoretical models such as those of behavioral economics, which allows the objectives of economic agents to be redefined as compatible with the ESGs.

Keywords: sostenibilità; finanza sostenibile; finanza pubblica sostenibile; economia comportamentale (search for similar items in EconPapers)
JEL-codes: G0 G02 Q56 (search for similar items in EconPapers)
Date: 2024-01
New Economics Papers: this item is included in nep-env and nep-inv
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/120216/1/MPRA_paper_120216.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:120216

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().