A primer on green finance: From wishful thinking to marginal impact

  • We raise some critical points against a naïve interpretation of “green finance” products and strategies. These critical insights are the background against which we take a closer look at instruments and policies that might allow green finance to become more impactful. In particular, we focus on the role of a taxonomy and investor activism. We also describe the interaction of government policies with green finance practice – an aspect, which has been mostly neglected in policy debates but needs to be taken into account. Finally, the special case of green government bonds is discussed.

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Author:Jan Pieter KrahnenORCiDGND, Jörg Rocholl, Marcel Thum
Parent Title (English):SAFE white paper ; No. 86
Series (Serial Number):SAFE white paper series (86 [Oktober 2021])
Place of publication:Frankfurt am Main
Document Type:Working Paper
Year of Completion:2021
Year of first Publication:2021
Publishing Institution:Universitätsbibliothek Johann Christian Senckenberg
Release Date:2021/10/25
Tag:Climate Change; ESG; Green Finance; Sustainability; Taxonomy
Issue:October 2021
Page Number:20
Version mit abweichender Zählung. Version mit korrekter Zählung (Nr. 87) unter http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:hebis:30:3-576148
Institutes:Wirtschaftswissenschaften / Wirtschaftswissenschaften
Wissenschaftliche Zentren und koordinierte Programme / House of Finance (HoF)
Wissenschaftliche Zentren und koordinierte Programme / Center for Financial Studies (CFS)
Wissenschaftliche Zentren und koordinierte Programme / Sustainable Architecture for Finance in Europe (SAFE)
Dewey Decimal Classification:3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft
Licence (German):License LogoDeutsches Urheberrecht