The Theoretical Perspective of Green Finance
Muhammad Azam (),
Muhammad Haroon,
Saeed ur Rahman (),
Hammad Ali and
Muhammad Irfan Chani ()
Additional contact information
Muhammad Azam: Ghazi University Dera Ghazi Khan
Muhammad Haroon: Ghazi University Dera Ghazi Khan
Saeed ur Rahman: Ghazi University Dera Ghazi Khan
Hammad Ali: Ghazi University Dera Ghazi Khan
Muhammad Irfan Chani: COMSATS University Islamabad, Vehari Campus
Chapter Chapter 2 in The Palgrave Handbook of Green Finance for Sustainable Development, 2024, pp 19-47 from Palgrave Macmillan
Abstract:
Abstract This book chapter delves into the theoretical contest of green finance, exploring diverse perspectives from neoclassical economics, institutional economics, and behavioral economics. Through a comprehensive analysis, it synthesizes insights on the complexities and challenges inherent in mobilizing capital toward environmental sustainability. Implications for practice and policy are delineated, highlighting the importance of integrating market incentives, regulatory frameworks, and societal norms to promote green finance initiatives. Looking ahead, future research and implementation efforts should focus on enhancing empirical research, fostering innovation in green financial instruments, and promoting education and capacity-building initiatives. By leveraging emerging technologies, fostering partnerships between public and private stakeholders, and building awareness of environmental risks and opportunities, stakeholders can accelerate the transition toward a more sustainable and resilient global economy. Ultimately, the chapter underscores the imperative of mobilizing capital toward environmental sustainability and emphasizes the role of finance in building a greener, more prosperous future for all.
Keywords: Green Finance; Sustainability; Green Financial Instruments; Sustainable Global Economy; Resilient Global Economy (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_2
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DOI: 10.1007/978-3-031-65756-6_2
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