A diverse and resilient financial system for investments in the energy transition

F.H.J. Polzin, M.W.J.L. Sanders and Florian Täube
Authors registered in the RePEc Author Service: Florian Arun Täube ()

No 17-03, Working Papers from Utrecht School of Economics

Abstract: Diversity makes the financial system more resilient. In addition, there is a diverse investment demand to make the transition to a more sustainable energy system. We need, among others, investment in energy transition, circular resource use, better water management and reducing air pollution. The two are linked. Making the financial system more diverse implies more equity, less debt, more non-bank intermediation and more specialized niche banks giving more relation based credit. This will arguably also increase the flow of funds and resources to innovative, small scale, experimental firms that will drive the sustainability transition. Higher diversity and resilience in financial markets is thus complementary and perhaps even instrumental to engineer the transition to clean energy in the real economy.

Keywords: Financial markets; clean energy investments; diversity; public policy (search for similar items in EconPapers)
Date: 2017-02
New Economics Papers: this item is included in nep-ene and nep-env
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Citations: View citations in EconPapers (4)

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