Sustainable Finance: A Common Ground for the Future in Europe?

Silvio Goglio () and Ivana Catturani ()
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Silvio Goglio: University of Trento
Ivana Catturani: University of Trento

Chapter Chapter 10 in The Rise of Green Finance in Europe, 2019, pp 239-261 from Palgrave Macmillan

Abstract: Abstract Sustainable finance is a recent term that defines non-predatory finance, attentive to the production of value and aimed at fostering sustainable development. Moving from the classic theory, value is defined as a surplus generated through the production of both tangible and intangible outcomes. As by-products, positive and negative externalities are created and should be accounted with a positive or a negative sign to describe the actual economy outcomes. Applying this theory to financial intermediaries implies a valuation of their capacity to drive capitals in activities intensive in green and social productive capital, to support firms aimed at preserving the environment and at including vulnerable subjects, to invest capital with a human design and to exploit factors for a sustainable production.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psifcp:978-3-030-22510-0_10

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DOI: 10.1007/978-3-030-22510-0_10

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