Not for “Green”: Risks of Inflating a “New-Bubble” by Applying Traditional Financial Mechanisms

Vitaly V. Demidov ()
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Vitaly V. Demidov: Moscow State Institute of International Relations (University)

A chapter in Industry 4.0, 2022, pp 269-280 from Springer

Abstract: Abstract This article is an attempt to discuss current “green” financial instruments available for funding transition towards “green” economy. The author argues that despite “greennessness” currently suggested “green” financial products are just “painted green” old traditional instruments. They still risk causing financial imbalances since the transition towards the “green” economy is suggested to be majorly financed by debt and borrowed funds rather than by direct financial stimulus, investments or project funds. By covering “green” securitization, a repo market that can emerge with “green” bonds issuance increasing as well as a “green” derivatives market that also might attract speculative capitals, the author concludes that “green” economy in the context of industry 4.0 should exclude such “green” labeled traditional financial tools.

Keywords: “Green” Transformation; Funding “green” projects; Financial “bubble”; Securitization; Repo market; Derivatives; G2; O16; O44 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-79496-5_25

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DOI: 10.1007/978-3-030-79496-5_25

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