Green Financing and Its Role in Shaping Economic Investment: An Alternative Perspective

Miloudi Kobiyh and Slimane Ed-Dafali ()
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Miloudi Kobiyh: Chouaib Doukkali University
Slimane Ed-Dafali: Chouaib Doukkali University

Chapter Chapter 11 in The Palgrave Handbook of Green Finance for Sustainable Development, 2024, pp 281-301 from Palgrave Macmillan

Abstract: Abstract The concept of sustainable development has emerged from the intrinsic link between economic advancement and the preservation of the environment. Today, this development represents a crucial challenge for all economies. It involves reflecting on factors capable of protecting the environment and implementing strategies to preserve its resources. The purpose of this chapter is to demonstrate the importance of sustainable actions that serve as a commitment to establish sustainable models guiding investment and financial system goals. This chapter consequently allows us to understand how mobilization for sustainable investments is at the core of models promoting an environmental transition targeting resource sustainability and pollution reduction. It aims to highlight the determinants of climate-friendly financing and prospects that ensure an economic and financial system adapted to these objectives. The general conclusion from this chapter is that the sustainable management of the environment through sustainable investment has very beneficial impacts on societal well-being and the planet, but it requires the commitment of various actors, both public and private. Similarly, it underscores the major role of decision-makers in influencing the outcomes of a green financial market to steer economic investment. This commitment requires a reshaped financial system that can represent alternative economic perspectives. It is an environmental reform that must begin with a reform of the financial system to serve a sustainable and alternative economy.

Keywords: Sustainable development; Green growth; Sustainable finance; Green finance; Economic model (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psifcp:978-3-031-65756-6_11

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DOI: 10.1007/978-3-031-65756-6_11

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