A primer on green finance: From wishful thinking to marginal impact

Jan Pieter Krahnen, Jörg Rocholl and Marcel Thum

No 87, SAFE White Paper Series from Leibniz Institute for Financial Research SAFE

Abstract: We raise some critical points against a naïve interpretation of "green finance" products and strategies. These critical insights are the background against which we take a closer look at instruments and policies that might allow green finance to become more impactful. In particular, we focus on the role of a taxonomy and investor activism. We also describe the interaction of government policies with green finance practice - an aspect, which has been mostly neglected in policy debates but needs to be taken into account. Finally, the special case of green government bonds is discussed.

Keywords: Green Finance; Climate Change; Sustainability; Taxonomy; ESG (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-ban, nep-cwa, nep-ene, nep-env, nep-fdg and nep-fmk
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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https://www.econstor.eu/bitstream/10419/245957/1/1775867633.pdf (application/pdf)

Related works:
Journal Article: A Primer on Green Finance: From Wishful Thinking to Marginal Impact (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:safewh:87

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