The colors of finance

Alina Cristina Nuta

Chapter 114 in Elgar Encyclopedia of Energy Economics, 2025, pp 436-437 from Edward Elgar Publishing

Abstract: The need to slow down climate change, reduce pollution, and preserve biodiversity has become critical for humankind. Policymakers, academia, and other stakeholders are working together at local, national, and international levels to find solutions that guide the growth of nations with more responsibility toward a long-term vision, paying more attention to intergenerational equity. This shift toward a cleaner world has increased the importance of finance in achieving environment-related objectives. It has generated innovative financial tools, investment practices, and new frameworks that must be transparent in showcasing the potential risks and benefits for all relevant actors, enhancing their awareness. In this sense, the development of the colors of finance is closely related to sustainable finance and sustainable energy finance. The capital flows related to dirty industries are referred to as brown/gray in the literature, while financial flows for environmentally friendly projects are called green finance or blue finance (for ocean-related activities).

Keywords: Energy Finance; Green Finance; Blue Finance; Dirty Finance; Sustainable Finance; Sustainable Development (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035310364
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781035310371.000119 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

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:elg:eechap:22238_114

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Jack Sweeney ().